Liquidity Services (LQDT) 10% Owner Angrick Exercises Derivatives

What Happened

• William P. Angrick III (identified as a 10% owner) reported the exercise/conversion of derivative securities on August 21, 2026. The filing shows acquisitions of 6,163 and 6,305 shares (total 12,468 shares) at $0.00 and matching dispositions of derivative instruments for the same quantities at $0.00. No cash consideration was reported in connection with these transactions.

Key Details

• Transaction date: August 21, 2026; Filing date (SEC Form 4): August 25, 2026.
• Reported activity: Code M — exercise or conversion of derivative securities.
• Shares acquired: 6,163 and 6,305 (total 12,468) at $0.00. Derivative instruments disposed: 6,163 and 6,305 at $0.00.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: F1 and F14 state some shares are held in trusts (one for the reporting person’s spouse and another for the reporting person) and the reporting person disclaims beneficial ownership of those trust-held shares. The filing also includes multiple footnotes about vesting/exercisability schedules for various grants (F10–F19).
• Filing timeliness: Filing date is Aug 25 for an Aug 21 transaction (four days later); confirm timeliness against Section 16 reporting rules if timing is material to your analysis.

Context

• This was an exercise/conversion of derivative securities, not an open-market buy or sale; the $0.00 price indicates shares were issued via conversion/exercise rather than purchased for cash. Derivative conversions like this typically reflect execution of previously granted awards or option conversion — they do not necessarily signal new bullish purchases.
• As a reported 10% owner (not described here as an executive role), this insider filing reflects controlled/ownership transactions rather than routine open-market trading by an officer.