Liquidity Services (LQDT) CFO’s trust sells 8,127 shares, retains large equity stake
Rhea-AI Filing Summary
Liquidity Services Inc EVP & CFO Jorge Celaya, through the Jorge Celaya Revocable Trust, reported open-market sales totaling 8,127 shares of Common Stock on March 9–10, 2026 at prices around $32.10–$33.04 per share. Following these transactions, the trust held 48,869 Common shares indirectly. Celaya also continues to hold various restricted stock unit and stock option grants directly, with exercise prices ranging from $9.46 to $23.52 and expirations between 2030 and 2035, providing additional potential future equity exposure.
Positive
- None.
Negative
- None.
Insights
CFO’s net sale of 8,127 shares is small and routine relative to remaining equity awards.
The Form 4 shows the Jorge Celaya Revocable Trust, associated with Liquidity Services’ EVP & CFO, sold 8,127 Common shares in open-market transactions around $32–$33. After these sales, the trust still held 48,869 shares, so the disposition is modest versus the remaining indirect stake.
The filing also details a substantial portfolio of unexercised stock options and restricted stock units with exercise prices from $9.46 to $23.52 and expirations stretching to 2035. These awards tie a meaningful portion of the executive’s future upside to the share price, suggesting continued long-term alignment through equity incentives.
There are no option exercises, tax-withholding events, or Rule 10b5-1 plan references in this data, and the transactionSummary indicates a simple net-sell of 8,127 shares. Overall, this appears to be a routine liquidity event rather than a transformational change in insider ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 213 | $33.04 | $7K |
| Sale | Common Stock | 7,914 | $32.10 | $254K |
| 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 | 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 | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
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. These options became fully exercisable on January 1, 2026. 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.
