Liquidity Services (NASDAQ: LQDT) CFO exercises options and sells shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Liquidity Services Inc. executive Jorge Celaya, EVP & Chief Financial Officer, reported a mix of option exercises and share sales in late May 2026. Through the Jorge Celaya Revocable Trust, he exercised 75,930 stock options at exercise prices between $9.46 and $22.20 per share and sold 22,721 common shares in open-market transactions at prices around $35.00–$36.49 per share.
After these trades, the trust holds 66,895 Liquidity Services common shares. The filing also shows Celaya continues to hold multiple stock option and restricted stock unit grants directly, covering tens of thousands of additional underlying shares with vesting tied to time-based schedules and the company’s achievement of specified financial milestones, and expirations extending from 2027 to 2035.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 22,721 shares ($812,153)
Net Sell
37 txns
Insider
Celaya Jorge
Role
EVP & Chief Financial Officer
Sold
22,721 shs ($812K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 3,815 | $9.46 | $36K |
| Sale | Common Stock | 3,815 | $36.49 | $139K |
| Exercise | Common Stock | 2,283 | $9.46 | $22K |
| Sale | Common Stock | 2,283 | $36.24 | $83K |
| Exercise | Stock Option Grant | 20,000 | $0.00 | -- |
| Exercise | Common Stock | 3,797 | $9.46 | $36K |
| Sale | Common Stock | 3,797 | $35.99 | $137K |
| Exercise | Common Stock | 1,523 | $9.46 | $14K |
| Sale | Common Stock | 1,523 | $36.24 | $55K |
| Exercise | Stock Option Grant | 46,596 | $0.00 | -- |
| Exercise | Stock Option Grant | 2,096 | $0.00 | -- |
| Exercise | Stock Option Grant | 5,033 | $0.00 | -- |
| Exercise | Stock Option Grant | 2,205 | $0.00 | -- |
| Exercise | Common Stock | 3,758 | $9.46 | $36K |
| Sale | Common Stock | 3,758 | $35.00 | $132K |
| Exercise | Common Stock | 3,768 | $9.46 | $36K |
| Sale | Common Stock | 3,768 | $35.24 | $133K |
| Exercise | Common Stock | 3,777 | $9.46 | $36K |
| Sale | Common Stock | 3,777 | $35.49 | $134K |
| Exercise | Common Stock | 6,596 | $9.46 | $62K |
| Exercise | Common Stock | 2,096 | $22.20 | $47K |
| Exercise | Common Stock | 5,033 | $14.00 | $70K |
| Exercise | Common Stock | 2,205 | $17.31 | $38K |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
Holdings After Transaction:
Common Stock — 70,710 shares (Indirect, By the Jorge Celaya Revocable Trust);
Stock Option Grant — 35,050 shares (Direct, null);
Restricted Stock Unit Grant — 5,177 shares (Direct, null)
Footnotes (1)
- These options became fully exercisable on January 1, 2025. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones. 12/48th of this option grant vested on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months. 12/48th of this option grant vested on January 1, 2025 and thereafter, an additional 1/48th will vest each month for thirty-six months. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2025, January 1, 2026, January 1, 2027 and January 1, 2028. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2024, January 1, 2025, January 1, 2026 and January 1, 2027. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2026, January 1, 2027, January 1, 2028 and January 1, 2029. 12/48th of this option grant will vest on January 1, 2026, and, thereafter, an additional 1/48th will vest each month for thirty-six months. 12/48th of this option grant will vest on January 1, 2027, and, thereafter, an additional 1/48th will vest each month for thirty-six months. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2027, January 1, 2028, January 1, 2029 and January 1, 2030. The reporting person exercised 10,000 stock options; 6,242 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 3,758 shares were acquired by the reporting person. The reporting person exercised 10,000 stock options; 6,232 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 3,768 shares were acquired by the reporting person. The reporting person exercised 10,000 stock options; 6,203 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 3,797 shares were acquired by the reporting person. The reporting person exercised 4,002 stock options; 2,479 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,523 shares were acquired by the reporting person. 36,596 options were exercised on May 26, 2026 and 10,000 options were exercised on May 27, 2026. The reporting person exercised 10,000 stock options; 6,185 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 3,815 shares were acquired by the reporting person. The reporting person exercised 5,998 stock options; 3,715 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 2,283 shares were acquired by the reporting person. 4,002 options were exercised on May 27, 2026 and 15,998 options were exercised on May 28, 2026.
Key Figures
Options exercised: 75,930 shares
Shares sold: 22,721 shares
Post-transaction holdings: 66,895 shares
+5 more
8 metrics
Options exercised
75,930 shares
Stock options exercised into common stock in late May 2026
Shares sold
22,721 shares
Open-market sales of Liquidity Services common stock
Post-transaction holdings
66,895 shares
Common shares held by Jorge Celaya Revocable Trust after trades
Sale prices
$35.00–$36.49 per share
Reported open-market sale prices for common stock
Key exercise price
$9.46 per share
Exercise price on several option grants converted to common stock
Higher exercise price
$22.20 per share
Exercise price on one option grant exercised in May 2026
Remaining option grant
31,650 underlying shares at $23.52
Direct stock option position expiring October 29, 2035
Remaining RSU grant
32,850 underlying shares
Restricted stock units with $0.00 exercise price expiring January 1, 2030
Key Terms
open-market sale, stock option grant, Restricted Stock Unit Grant, exercise price, +2 more
6 terms
open-market sale financial
"transaction_action: "open-market sale" for several common stock trades"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
stock option grant financial
"security_title: "Stock Option Grant" in derivative transactions and holdings"
Restricted Stock Unit Grant financial
"security_title: "Restricted Stock Unit Grant" with underlying common shares"
exercise price financial
"conversion_or_exercise_price fields like "9.4600" and "23.5200""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
revocable trust financial
"nature_of_ownership: "By the Jorge Celaya Revocable Trust" for indirect holdings"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
financial milestones financial
"footnote: options and RSUs vest based on achievement of certain financial milestones"
FAQ
What insider transactions did LQDT CFO Jorge Celaya report in this Form 4?
CFO Jorge Celaya reported exercising stock options and selling Liquidity Services (LQDT) shares. His trust exercised 75,930 options and sold 22,721 common shares in open-market trades, while he retained both common stock holdings and significant option and restricted stock unit positions.
How many stock options did the LQDT CFO exercise and at what strike prices?
The filing shows 75,930 stock options exercised into Liquidity Services (LQDT) common stock. Exercise prices disclosed for these options include $9.46, $14.00, $17.31 and $22.20 per share, indicating multiple grants with different strike levels being converted into common shares.
Does the LQDT CFO still hold stock options and RSUs after these transactions?
Yes. The derivative position table lists multiple remaining stock option and restricted stock unit grants for the CFO. These cover underlying Liquidity Services (LQDT) shares at exercise prices like $23.52, $21.62, $17.31 and $14.00, plus RSUs with zero exercise price and expirations through 2035.