Angrick William P III 4
4 · LIQUIDITY SERVICES INC · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Liquidity Services (LQDT) 10% Owner William Angrick Sells Shares
What Happened
William P. Angrick III, a reported 10% owner of Liquidity Services, sold a total of 50,000 shares in two open‑market disposals on March 6 and March 9, 2026, generating combined proceeds of $1,600,294. The sales were: 5,885 shares at $32.05 ($188,614) and 44,115 shares at $32.00 ($1,411,680). These were outright share sales (transaction code S), not option exercises or awards.
Key Details
- Transaction dates and prices:
- 2026-03-06: 5,885 shares @ $32.05, proceeds $188,614
- 2026-03-09: 44,115 shares @ $32.00, proceeds $1,411,680
- Total shares sold: 50,000; total proceeds: $1,600,294
- Transaction type: Open‑market sales (S)
- Shares owned after transaction: Not specified in the provided filing summary
- Filing date: Form 4 filed 2026-03-10; filing appears timely (within two business days after the March 6 trade window)
- Notable footnote: F1 indicates some shares are held in a trust for the benefit of the reporting person's spouse and the reporting person disclaims beneficial ownership of those trust-held shares.
Context
As a 10% owner, Angrick is a major shareholder; sales by large shareholders are changes in ownership but are not the same signal as purchases by insiders. These transactions were sales of existing shares in the open market (not exercises or awards), so they represent liquidity or portfolio activity rather than new share issuance. The trust disclaimer (F1) suggests some holdings are reported for legal completeness and may limit conclusions about direct beneficial ownership.
Insider Transaction Report
- Sale
Common Stock
[F14]2026-03-06$32.05/sh−5,885$188,614→ 5,260,448 total(indirect: By Trust) - Sale
Common Stock
[F14]2026-03-09$32.00/sh−44,115$1,411,680→ 5,216,333 total(indirect: By Trust)
- 873,379(indirect: By Trust)
Common Stock
[F14] - 575,513(indirect: By Trust)
Common Stock
[F1] - 114,699(indirect: By Trust)
Common Stock
[F1] - 17,080
Restricted Stock Unit Grant
[F2][F15]Exp: 2027-01-01→ Common Stock (17,080 underlying) - 30,817
Restricted Stock Unit Grant
[F2][F16]Exp: 2028-01-01→ Common Stock (30,817 underlying) - 47,287
Restricted Stock Unit Grant
[F2][F13]Exp: 2029-01-01→ Common Stock (47,287 underlying) - 80,550
Restricted Stock Unit Grant
[F2][F18]Exp: 2030-01-01→ Common Stock (80,550 underlying) - 12,327
Restricted Stock Unit Grant
[F2][F5]Exp: 2027-01-01→ Common Stock (12,327 underlying) - 44,135
Restricted Stock Unit Grant
[F2][F5]Exp: 2029-01-01→ Common Stock (44,135 underlying) - 80,550
Restricted Stock Unit Grant
[F2][F5]Exp: 2030-01-01→ Common Stock (80,550 underlying) - 38,000
Stock Option Grant
[F6]Exercise: $9.13Exp: 2027-03-03→ Common Stock (38,000 underlying) - 27,360
Stock Option Grant
[F3]Exercise: $9.13Exp: 2027-03-03→ Common Stock (27,360 underlying) - 68,938
Stock Option Grant
[F7]Exercise: $4.92Exp: 2027-12-11→ Common Stock (68,938 underlying) - 124,200
Stock Option Grant
[F3]Exercise: $6.72Exp: 2028-12-04→ Common Stock (124,200 underlying) - 105,247
Stock Option Grant
[F8]Exercise: $6.72Exp: 2028-12-04→ Common Stock (105,247 underlying) - 139,900
Stock Option Grant
[F3]Exercise: $7.36Exp: 2029-12-03→ Common Stock (139,900 underlying) - 124,401
Stock Option Grant
[F10]Exercise: $7.36Exp: 2029-12-03→ Common Stock (124,401 underlying) - 131,950
Stock Option Grant
[F3]Exercise: $10.41Exp: 2030-12-01→ Common Stock (131,950 underlying) - 120,692
Stock Option Grant
[F19]Exercise: $10.41Exp: 2030-12-01→ Common Stock (120,692 underlying) - 56,615
Stock Option Grant
[F3]Exercise: $24.42Exp: 2031-12-07→ Common Stock (56,615 underlying) - 56,615
Stock Option Grant
[F4]Exercise: $24.42Exp: 2031-12-07→ Common Stock (56,615 underlying) - 53,125
Stock Option Grant
[F3]Exercise: $15.40Exp: 2032-12-23→ Common Stock (53,125 underlying) - 53,125
Stock Option Grant
[F11]Exercise: $15.40Exp: 2032-12-23→ Common Stock (53,125 underlying) - 50,170
Stock Option Grant
[F3]Exercise: $19.04Exp: 2033-12-22→ Common Stock (50,170 underlying) - 50,170
Stock Option Grant
[F12]Exercise: $19.04Exp: 2033-12-22→ Common Stock (50,170 underlying) - 53,550
Stock Option Grant
[F9]Exercise: $23.78Exp: 2034-10-30→ Common Stock (53,550 underlying) - 53,550
Stock Option Grant
[F3]Exercise: $23.78Exp: 2034-10-30→ Common Stock (53,550 underlying) - 71,550
Stock Option Grant
[F17]Exercise: $25.87Exp: 2035-10-29→ Common Stock (71,550 underlying) - 71,550
Stock Option Grant
[F3]Exercise: $25.87Exp: 2035-10-29→ Common Stock (71,550 underlying)
Footnotes (19)
- [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.
- [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.
- [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.