Liquidity Services (NASDAQ: LQDT) EVP sells 2,680 shares after RSU vesting
Rhea-AI Filing Summary
Liquidity Services Inc EVP John Daunt reported the vesting of 4,420 restricted stock units on May 14, 2026. According to the disclosure, the issuer withheld 1,740 shares to satisfy federal and state taxes and issued 2,680 common shares to The Daunt Family Trust.
The Daunt Family Trust then sold 2,680 common shares at $33.1300 per share, with proceeds used to cover fees and the remaining balance received in cash, consistent with company policies. After these transactions, Daunt holds 97,829 restricted stock units directly, 37,652 common shares indirectly via the trust, and 155,734 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit Grant | 4,420 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,680 | $0.00 | $0.00 |
| Other | Common Stock | 2,680 | $33.13 | $89K |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
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| holding | Stock Option Grant | -- | -- | -- |
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Footnotes (15)
- F1. 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.
- F2. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- F3. These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F4. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F5. 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.
- F6. 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.
- F7. These options became fully exercisable on January 1, 2024.
- F8. 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.
- F9. 12/48th of this option grant vested on January 1, 2026, and, thereafter, an additional 1/48th will vest each month for thirty-six months.
- F10. 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.
- F11. 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.
- F12. 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.
- F13. 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.
- F14. Represents the net issuance of 2,680 shares from the vesting of 4,420 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 1,740 shares.
- F15. In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes and remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 2,680 shares received by the reporting person in connection with the vesting of 4,420 restricted stock units.
Key Figures
Key Terms
Restricted stock unit financial
economic equivalent financial
financial milestones financial
Stock Option Grant financial
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FAQ
What did EVP John Daunt report in his Form 4 for LQDT?
EVP John Daunt reported vesting 4,420 restricted stock units, netting 2,680 common shares, which were then sold at $33.1300 per share. The filing also details his remaining holdings in Liquidity Services Inc (LQDT) stock, RSUs, and options.
What tax withholding occurred on John Daunt's RSU vesting at Liquidity Services (LQDT)?
From the vesting of 4,420 restricted stock units, the issuer withheld 1,740 shares to satisfy federal and state tax obligations. The remaining 2,680 shares were issued to The Daunt Family Trust before being sold as described in the Form 4 filing.
What are John Daunt's remaining equity holdings in Liquidity Services (LQDT)?
After these transactions, John Daunt holds 97,829 restricted stock units directly, 37,652 common shares indirectly through The Daunt Family Trust, and 155,734 stock options directly. These figures represent his reported post-transaction positions in LQDT.
Were the Liquidity Services (LQDT) transactions under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked, so these transactions are not reported as made under a 10b5-1 trading plan. Footnotes instead describe execution under the issuer’s standard RSU release method and related sale procedures.