Filing Details
- Accession Number:
- 0001209191-23-028541
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-05-10 17:58:15
- Reporting Period:
- 2023-05-08
- Accepted Time:
- 2023-05-10 17:58:15
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1235468 | Liquidity Services Inc | LQDT | Services-Business Services, Nec (7389) | 522209244 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1406206 | Jorge Celaya | 6931 Arlington Road Suite 200 Bethesda MD 20814 | Cfo | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2023-05-08 | 4,719 | $14.14 | 44,415 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option Grant | $6.11 | 2028-12-04 | 3,802 | 3,802 | Direct | |
| Common Stock | Stock Option Grant | $6.69 | 2029-12-03 | 29,387 | 29,387 | Direct | |
| Common Stock | Stock Option Grant | $9.46 | 2030-12-01 | 55,050 | 55,050 | Direct | |
| Common Stock | Stock Option Grant | $9.46 | 2030-12-01 | 55,050 | 55,050 | Direct | |
| Common Stock | Stock Option Grant | $14.00 | 2032-12-23 | 16,640 | 16,640 | Direct | |
| Common Stock | Stock Option Grant | $14.00 | 2032-12-23 | 16,640 | 16,640 | Direct | |
| Common Stock | Stock Option Grant | $22.20 | 2031-12-07 | 7,740 | 7,740 | Direct | |
| Common Stock | Stock Option Grant | $22.20 | 2031-12-07 | 7,740 | 7,740 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2025-01-01 | 4,975 | 4,975 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2026-01-01 | 20,710 | 20,710 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2027-01-01 | 20,710 | 20,710 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2026-01-01 | 6,540 | 6,540 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2026-01-01 | 8,720 | 8,720 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2024-01-01 | 5,662 | 5,662 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2028-12-04 | 3,802 | 3,802 | Direct |
| 2029-12-03 | 29,387 | 29,387 | Direct |
| 2030-12-01 | 55,050 | 55,050 | Direct |
| 2030-12-01 | 55,050 | 55,050 | Direct |
| 2032-12-23 | 16,640 | 16,640 | Direct |
| 2032-12-23 | 16,640 | 16,640 | Direct |
| 2031-12-07 | 7,740 | 7,740 | Direct |
| 2031-12-07 | 7,740 | 7,740 | Direct |
| 2025-01-01 | 4,975 | 4,975 | Direct |
| 2026-01-01 | 20,710 | 20,710 | Direct |
| 2027-01-01 | 20,710 | 20,710 | Direct |
| 2026-01-01 | 6,540 | 6,540 | Direct |
| 2026-01-01 | 8,720 | 8,720 | Direct |
| 2024-01-01 | 5,662 | 5,662 | Direct |
Footnotes
- As reported on the reporting person's Forms 4 filed on January 5, 2022 and January 12, 2022, 19,575 restricted stock units vested in January 2022. The issuer withheld a total of 6,284 shares to cover federal and state withholding due in connection with these vests. However, the issuer inadvertently miscalculated the withholding amount due and as a result, did not withhold a sufficient number of shares. To rectify this, on May 8, 2023, the reporting person sold 4,719 shares to cover the remaining withholding amount due.
- 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
- 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
- Twenty-five percent of this restricted stock unit grant vested on January 1, 2021 and thereafter, an additional 1/4th vests on each of January 1, 2022, January 1, 2023 and January 1, 2024.
- This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
- These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- 12/48th will vest 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, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.
- 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 vested on January 1, 2022 and thereafter, an additional 1/4th will vest on each of January 1, 2023, January 1, 2024 and January 1, 2025.
- These restricted stock units were granted on December 23, 2022 and will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- These restricted stock units were granted on December 23, 2022. Twenty-five percent will vest on January 1, 2024, and thereafter 25% will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
- Twenty-five percent of this restricted stock unit grant vested on January 1, 2023 and thereafter, an additional 1/4th will vest on each of January 1, 2024, January 1, 2025 and January 1,2026.
- These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
- Twenty-five percent of this restricted stock unit grant vested on January 1, 2021 and thereafter, an additional 1/4th vests on each of January 1, 2022, January 1, 2023 and January 1, 2024.
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