Angrick William P III 4
4 · LIQUIDITY SERVICES INC · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Liquidity Services (LQDT) 10% Owner Angrick Exercises 12,610 Shares
What Happened
William P. Angrick III, reported as a 10% owner of Liquidity Services, Inc. (LQDT), completed a derivative exercise/conversion on May 14, 2026. The Form 4 shows an acquisition of 12,610 shares and a simultaneous disposition of 12,610 shares, both reported at $0.00. The filing indicates the shares are held in a trust for the benefit of the reporting person’s spouse and that the reporting person disclaims beneficial ownership.
Key Details
- Transaction date: 2026-05-14; Form 4 filed: 2026-05-18 (filed within the normal reporting window).
- Reported transactions: Code M (exercise or conversion of derivative) — 12,610 shares acquired @ $0.00 and 12,610 shares disposed @ $0.00.
- Cash: $0.00 reported for both acquisition and disposition (no purchase or sale proceeds recorded).
- Shares owned after transaction: Not stated in the provided filing excerpt.
- Notable footnotes: Footnote F1/F14 state the shares are held in a trust for the reporting person or spouse and the reporting person disclaims beneficial ownership. Footnote F10 indicates the underlying options were fully exercisable as of Jan 1, 2024.
- Filing timeliness: Reported within the filing period shown (May 18 filing for a May 14 transaction).
Context
- Code M means an option or other derivative was exercised or converted into stock. The filing shows both an acquisition and an immediate disposition at $0.00, consistent with an internal transfer (e.g., to a trust) rather than an open-market sale.
- As a 10% owner, Angrick is a reporting insider under Section 16; his disclaimer of beneficial ownership (per footnotes) means the shares are held in trust for another party and may not reflect his personal investment decision.
Insider Transaction Report
Form 4
Angrick William P III
DirectorChairman of the Board and CEO10% Owner
Transactions
- Exercise/Conversion
Common Stock
[F14]2026-05-14+12,610→ 5,228,943 total(indirect: By Trust) - Exercise/Conversion
Restricted Stock Unit Grant
[F2][F5]2026-05-14−12,610→ 31,525 totalExp: 2029-01-01→ Common Stock (44,135 underlying)
Holdings
- 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) - 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.
Signature
/s/ Mark A. Shaffer, by power of attorney|2026-05-18