Angrick William P III 4

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.