Liquidity Services (LQDT) CEO Boosts Holdings; RSUs and Options Detailed in Form 4
Rhea-AI Filing Summary
William P. Angrick III, Chairman of the Board and CEO of Liquidity Services, Inc. (LQDT), reported multiple insider transactions dated 08/25/2025. The filing shows acquisitions of 13,664 and 6,163 shares of common stock (both reported as "A" transactions) and reports total indirect beneficial ownership of 5,064,391 shares held in the William P. Angrick III Revocable Trust. The Form 4 also lists extensive outstanding derivative awards including restricted stock units that vest on specified future dates and numerous stock option grants with stated exercise prices and vesting provisions. The filing is signed by a power of attorney on 09/09/2025.
Positive
- Reported acquisitions of 13,664 and 6,163 common shares on 08/25/2025 (both listed as A transactions).
- Substantial indirect ownership: 5,064,391 shares held in the William P. Angrick III Revocable Trust, indicating significant insider stake.
- Detailed equity incentives disclosed: multiple restricted stock unit grants and stock option grants with explicit exercise prices and vesting schedules, showing alignment of management compensation with long-term performance.
Negative
- None.
Insights
TL;DR: The CEO increased his reported holdings and retains substantial indirect ownership, aligning management and shareholder interests.
The report documents voluntary acquisitions on 08/25/2025 and shows the CEOs indirect ownership of 5,064,391 shares held in a revocable trust. The filing also catalogs outstanding equity-based compensation including time- and performance-vesting restricted stock units and multiple option grants with explicit exercise prices and vesting schedules. From a governance perspective, the mix of revocable trust holdings, RSUs, and long-dated options suggests continued incentive alignment between management and shareholders without any disclosed dispositions or unusual transfers.
TL;DR: Insiders acquired modest additional shares and hold significant indirect positions; materiality to valuation appears limited based on disclosed amounts.
The Form 4 reports acquisitions of 13,664 and 6,163 common shares on 08/25/2025 and lists aggregate indirect holdings of 5,064,391 shares via the reporting persons revocable trust, plus additional shares held in related trusts. The filing details numerous RSU grants and option awards with specific exercise prices and vesting conditions, including performance-based vesting for certain awards. These disclosures clarify future dilution potential from outstanding awards but do not include financings, dispositions, or other events that would directly alter capital structure today.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit Grant | 13,664 | $0.00 | -- |
| Exercise | Restricted Stock Unit Grant | 6,163 | $0.00 | -- |
| Exercise | Common Stock | 13,664 | $0.00 | -- |
| Exercise | Common Stock | 6,163 | $0.00 | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
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| holding | Stock Option Grant | -- | -- | -- |
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| holding | Common Stock | -- | -- | -- |
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Footnotes (1)
- 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. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock. 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, 2023 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. These options became fully exercisable on October 1, 2020. These options became fully exercisable on October 1, 2021. These options became fully exercisable on October 1, 2022. 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. These options became fully exercisable on January 1, 2024. These options became fully exercisable on October 1, 2019. These options became fully exercisable on January 1, 2025. 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 will vest on January 1, 2025 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, 2026, January 1, 2027, January 1, 2028 and January 1, 2029. 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. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2023, January 1, 2024, January 1, 2025 and January 1, 2026. 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, 2025, January 1, 2026, January 1, 2027 and January 1, 2028.
