Liquidity Services (NASDAQ: LQDT) CFO sells 3,842 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Liquidity Services Inc EVP & CFO Jorge Celaya reported an option exercise combined with a small share sale. He exercised 10,000 stock options at $9.46 per share. According to the disclosure, 6,158 shares were withheld by the issuer to cover the option cost and taxes, and 3,842 shares were acquired for his benefit.
Those 3,842 shares were held indirectly through The Jorge Celaya Revocable Trust and were then sold at $37.26 per share in an open‑market transaction. Following the exercise, the trust held 70,737 shares of common stock, and after the sale it held 66,895 shares. Celaya also continues to hold a range of unexercised stock options and restricted stock units that vest over several years, some of which depend on the company achieving specified financial milestones.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,842 shares ($143,153)
Net Sell
21 txns
Insider
Celaya Jorge
Role
EVP & Chief Financial Officer
Sold
3,842 shs ($143K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option Grant | 10,000 | $0.00 | -- |
| Exercise | Common Stock | 3,842 | $9.46 | $36K |
| Sale | Common Stock | 3,842 | $37.26 | $143K |
| 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 | -- | -- | -- |
Holdings After Transaction:
Stock Option Grant — 0 shares (Direct, null);
Common Stock — 70,737 shares (Indirect, By the Jorge Celaya Revocable Trust);
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; 6,158 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 3,842 shares were acquired by the reporting person. These options became fully exercisable on January 1, 2026.
Key Figures
Options exercised: 10,000 shares
Exercise price: $9.46/share
Shares withheld: 6,158 shares
+4 more
7 metrics
Options exercised
10,000 shares
Stock options exercised at $9.46 per share
Exercise price
$9.46/share
Strike price for 10,000 options exercised
Shares withheld
6,158 shares
Withheld by issuer for option cost and taxes
Shares sold
3,842 shares
Common stock sold by revocable trust
Sale price
$37.26/share
Price for 3,842 shares of common stock sold
Holdings after exercise
70,737 shares
Trust holdings after option exercise, before sale
Holdings after sale
66,895 shares
Trust holdings after selling 3,842 shares
Key Terms
Stock Option Grant, Restricted Stock Unit Grant, Revocable Trust, financial milestones, +2 more
6 terms
Stock Option Grant financial
"security_title: "Stock Option Grant""
Restricted Stock Unit Grant financial
"security_title: "Restricted Stock Unit Grant""
Revocable Trust financial
"nature_of_ownership: "By the Jorge Celaya Revocable Trust""
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
"based on the Issuer's achievement of certain financial milestones"
vesting financial
"12/48th of this option grant vested on January 1, 2024"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
economic equivalent financial
"Each restricted stock unit is the economic equivalent of one share"
FAQ
What insider transactions did LQDT CFO Jorge Celaya report?
Jorge Celaya reported exercising 10,000 stock options at $9.46 and an associated sale of 3,842 common shares at $37.26. The issuer withheld 6,158 shares to cover the option cost and taxes, leaving 3,842 shares for his benefit.
What were Jorge Celaya’s holdings after these LQDT transactions?
After exercising options, the Celaya trust held 70,737 Liquidity Services shares, then 66,895 shares following the 3,842‑share sale. In addition, Celaya retains multiple unexercised stock option and restricted stock unit grants that may vest over future years.
How were taxes and costs handled in the LQDT CFO’s option exercise?
When Jorge Celaya exercised 10,000 stock options, 6,158 shares were withheld by Liquidity Services to pay the option cost and related taxes. The remaining 3,842 shares from the exercise were delivered for his benefit before being sold by his revocable trust.
What equity incentives does the LQDT CFO still hold after this Form 4?
Celaya continues to hold various stock option and restricted stock unit grants tied to Liquidity Services common stock. Many vest in installments through dates such as January 1, 2029 and January 1, 2030, with some vesting based on the company’s financial milestones.