Liquidity Services (LQDT) CEO Angrick donates 115,000 shares to donor fund
Rhea-AI Filing Summary
Liquidity Services Inc. Chairman and CEO William P. Angrick III, a director and more than ten percent owner of LQDT, reported a bona fide gift of 115,000 shares of Common Stock on 2026-08-12. The shares were transferred indirectly from the William P. Angrick III Revocable Trust as a charitable donation to the William and Stephanie Angrick Donor Advised Fund administered by the University of Notre Dame du Lac. Following this gift, that trust reports 5,113,943 indirectly held shares. The filing also lists extensive outstanding restricted stock units and stock options on Liquidity Services common stock held directly by Angrick, with various strike prices and vesting schedules tied to the issuer’s financial milestones.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 115,000 shares
Net Sell
30 txns
Insider
Angrick William P III
Role
Chairman of the Board and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F20, F14 | 115,000 | $0.00 | $0.00 |
| holding | Restricted Stock Unit Grant F2, F15 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F2, F16 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F2, F13 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F2, F18 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F2, F5 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F2, F5 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F2, F5 | -- | -- | -- |
| holding | Stock Option Grant F6 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F7 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F8 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F10 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F19 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F4 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F11 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F12 | -- | -- | -- |
| holding | Stock Option Grant F9 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F17 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Common Stock F14 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,113,943 shares (Indirect, By the William P. Angrick III Revocable Trust);
Restricted Stock Unit Grant — 300,136 shares (Direct);
Stock Option Grant — 1,450,708 shares (Direct);
Common Stock — 873,379 shares (Indirect, By the William P. Angrick III 2005 Irrevocable Trust);
Common Stock — 575,513 shares (Indirect, By the Stephanie S. Angrick 2005 Irrevocable Trust);
Common Stock — 114,699 shares (Indirect, By the Stephanie S. Angrick Revocable Trust)
Footnotes (20)
- F1. These shares are held in a trust for the benefit of the reporting person's spouse, who is also trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
- F2. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- F3. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F4. These options became fully exercisable on January 1, 2026.
- F5. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F6. These options became fully exercisable on October 1, 2020.
- F7. These options became fully exercisable on October 1, 2021.
- F8. These options became fully exercisable on October 1, 2022.
- F9. 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.
- F10. These options became fully exercisable on January 1, 2024.
- F11. 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.
- F12. 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.
- F13. 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.
- F14. These shares are held in a trust for the benefit of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
- F15. 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.
- F16. 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.
- F17. 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.
- F18. 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.
- F19. These options became fully exercisable on January 1, 2025.
- F20. The transfer of shares is a charitable donation to the William and Stephanie Angrick Donor Advised Fund administered by the University of Notre Dame du Lac.
Key Figures
Gifted Common Shares: 115,000 shares
Revocable Trust Holdings After Gift: 5,113,943 shares
Irrevocable Trust Holdings: 873,379 shares
+5 more
8 metrics
Gifted Common Shares
115,000 shares
Bona fide gift of Common Stock on 2026-08-12 from revocable trust
Revocable Trust Holdings After Gift
5,113,943 shares
Indirect Common Stock held by the William P. Angrick III Revocable Trust after gift
Irrevocable Trust Holdings
873,379 shares
Indirect Common Stock held by the William P. Angrick III 2005 Irrevocable Trust
Spouse Trust Holdings
575,513 shares
Indirect Common Stock held by the Stephanie S. Angrick 2005 Irrevocable Trust
Additional Spouse Trust Holdings
114,699 shares
Indirect Common Stock held by the Stephanie S. Angrick Revocable Trust
Option Strike Price Example
$6.72 per share
Stock Option Grant on Common Stock expiring 2028-12-04 for 124,200 underlying shares
Higher Strike Option Example
$24.42 per share
Stock Option Grant on Common Stock expiring 2031-12-07 for 56,615 underlying shares
RSU Grant Example
80,550 underlying shares
Restricted Stock Unit Grant on Common Stock expiring 2030-01-01
Key Terms
bona fide gift, restricted stock unit, donor advised fund, economic equivalent, +2 more
6 terms
bona fide gift financial
"The transaction code G is described as a bona fide gift."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
restricted stock unit financial
"Each restricted stock unit is the economic equivalent of one share."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
donor advised fund financial
"The transfer of shares is a charitable donation to the William and Stephanie Angrick Donor Advised Fund."
A donor advised fund is a charitable savings account you fund with cash or assets (including stocks) that lets you take an immediate tax benefit while recommending when and which charities receive grants over time. Think of it like a dedicated piggy bank for giving: you get tax relief when you put money in, can avoid selling appreciated securities and triggering capital gains, and still control the timing and recipients of donations, which affects tax planning, portfolio decisions, and public giving signals.
economic equivalent financial
"Each restricted stock unit is the economic equivalent of one share of Common Stock."
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 financial
"Beneficial owner of the securities for the purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did Liquidity Services (LQDT) CEO William P. Angrick III report in this Form 4?
Angrick reported a bona fide gift of 115,000 shares of Common Stock on 2026-08-12. The gift was made indirectly from his revocable trust, with 5,113,943 shares remaining held by that trust after the transfer.
Was the Liquidity Services (LQDT) Form 4 transaction a sale or a charitable gift?
The Form 4 describes the transaction as a bona fide gift of shares, not a sale. Footnote F20 specifies the transfer is a charitable donation to the William and Stephanie Angrick Donor Advised Fund at the University of Notre Dame du Lac.
What indirect ownership interests in Liquidity Services (LQDT) are disclosed besides Angrick’s revocable trust?
The filing lists additional indirect holdings of Common Stock: 873,379 shares held by the William P. Angrick III 2005 Irrevocable Trust and 575,513 shares plus 114,699 shares held by two Stephanie S. Angrick trusts, each with beneficial ownership disclaimed in related footnotes.
What derivative awards for Liquidity Services (LQDT) does William P. Angrick III hold?
Angrick holds multiple restricted stock unit grants and stock option grants over Liquidity Services Common Stock. Examples include options for 124,200 shares at $6.72 expiring 2028-12-04 and 131,950 shares at $10.41 expiring 2030-12-01, subject to stated vesting terms.
Does the Liquidity Services (LQDT) Form 4 mention any performance-based vesting conditions?
Yes. Footnotes indicate certain restricted stock units and options vest only if Liquidity Services meets specified financial milestones. Other awards vest over time, such as 12/48ths on a given date followed by monthly vesting for thirty-six months, as described in several vesting footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
