[Form 4] LIQUIDITY SERVICES INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Liquidity Services EVP & CFO Jorge Celaya reported routine equity compensation activity. On the reported date, 4,100 restricted stock units vested, converting into 2,096 shares of common stock issued to the Jorge Celaya Revocable Trust after 2,004 shares were withheld to cover federal and state taxes.
Following this vesting event, the trust holds 50,965 shares of common stock indirectly for Celaya, and he also holds 10,250 restricted stock units directly under the affected grant. The filing also lists multiple stock option and restricted stock unit awards that remain outstanding with exercise or vesting dates extending through 2035. No open-market purchases or sales were reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,100 shares exercised/converted
Mixed
20 txns
Insider
Celaya Jorge
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit Grant | 4,100 | $0.00 | -- |
| Exercise | Common Stock | 2,096 | $0.00 | -- |
| 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 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit Grant — 10,250 shares (Direct, null);
Common Stock — 50,965 shares (Indirect, By the Jorge Celaya Revocable Trust);
Stock Option Grant — 47,560 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. 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. Represents the net issuance of 2,096 shares from the vesting of 4,100 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 2,004 shares.
Key Figures
RSUs vested: 4,100 units
Net shares issued: 2,096 shares
Shares withheld for taxes: 2,004 shares
+3 more
6 metrics
RSUs vested
4,100 units
Restricted stock units that vested into common shares
Net shares issued
2,096 shares
Common shares issued to Jorge Celaya Revocable Trust from RSU vesting
Shares withheld for taxes
2,004 shares
Shares withheld by issuer to satisfy federal and state tax obligations
Indirect common shares after transaction
50,965 shares
Common stock held by the Jorge Celaya Revocable Trust following vesting
Remaining RSUs in affected grant
10,250 units
Restricted stock units shown as outstanding after the reported vesting
Option exercise price example
$9.4600 per share
Exercise price for one stock option grant expiring 2030-12-01
Key Terms
Restricted Stock Unit Grant, Stock Option Grant, Revocable Trust, vesting, +2 more
6 terms
Restricted Stock Unit Grant financial
"security_title": "Restricted Stock Unit Grant""
Stock Option Grant financial
"security_title": "Stock Option 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.
vesting financial
"twelve 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.
withholding financial
"federal and state withholding due at the vesting of such restricted stock units was satisfied"
exercise price financial
"exercisePrice": "9.4600""
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.
