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LIQUIDITY SERVICES INC·4

Jun 3, 6:36 PM ET

Celaya Jorge 4

4 · LIQUIDITY SERVICES INC · Filed Jun 3, 2026

Research Summary

AI-generated summary of this filing

Updated

Liquidity Services (LQDT) CFO Jorge Celaya Exercises Options, Sells Shares

What Happened

  • Jorge Celaya, Chief Financial Officer of Liquidity Services (LQDT), exercised a total of 26,014 stock options on 2026-06-01 and concurrently sold the shares he received. After the issuer withheld shares to cover exercise costs and taxes, Celaya acquired 9,951 shares which were sold in open-market transactions for total gross proceeds of $366,123. The options had an exercise price of $9.46 for the tranches shown; sale prices ranged roughly $36.55–$36.99 per share.

Key Details

  • Transaction date: 2026-06-01; Form 4 filed 2026-06-03 (filed within standard reporting window).
  • Options exercised (aggregate): 26,014 shares.
  • Shares withheld by issuer to cover exercise costs/taxes: 16,063 shares (reported as derivative disposals at $0).
  • Shares acquired by reporting person and sold: 9,951 shares.
  • Proceeds from open-market sales: $366,123 (breakdown by lot: $140,494; $141,783; $70,432; $13,414).
  • Cash paid to exercise (reported): ~$94,136 (aggregate of $9.46 exercise price lots shown).
  • Notable footnotes: F13–F16 explain the exercises and share-withholding; F1/F17 and other footnotes describe vesting/exercisability of option grants.
  • Shares owned after the transactions: not disclosed in the excerpt of the filing provided.

Context

  • This was a typical cashless exercise — options were exercised, some shares were withheld to cover costs and taxes, and the remaining acquired shares were sold in the open market. Such transactions are often routine liquidity events for executives and do not by themselves indicate company performance or management intent.
  • The filing appears timely (filed two days after the transactions). No 10b5-1 plan or late filing indication was disclosed in the provided information.

Insider Transaction Report

Form 4
Period: 2026-06-01
LIQUIDITY SERVICES INCLQDT
Celaya Jorge
EVP & Chief Financial Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F13]
    2026-06-01$9.46/sh+3,824$36,175→ 70,719 total(indirect: By Trust)
  • Sale

    Common Stock

    2026-06-01$36.74/sh−3,824$140,494→ 66,895 total(indirect: By Trust)
  • Exercise/Conversion

    Common Stock

    [F14]
    2026-06-01$9.46/sh+3,833$36,260→ 70,728 total(indirect: By Trust)
  • Sale

    Common Stock

    2026-06-01$36.99/sh−3,833$141,783→ 66,895 total(indirect: By Trust)
  • Exercise/Conversion

    Common Stock

    [F15]
    2026-06-01$9.46/sh+1,927$18,229→ 68,822 total(indirect: By Trust)
  • Sale

    Common Stock

    2026-06-01$36.55/sh−1,927$70,432→ 66,895 total(indirect: By Trust)
  • Exercise/Conversion

    Common Stock

    [F16]
    2026-06-01$9.46/sh+367$3,472→ 67,262 total(indirect: By Trust)
  • Sale

    Common Stock

    2026-06-01$36.55/sh−367$13,414→ 66,895 total(indirect: By Trust)
  • Exercise/Conversion

    Stock Option Grant

    [F1]
    2026-06-01−964→ 6,596 total
    Exercise: $9.46Exp: 2030-12-01→ Common Stock (7,560 underlying)
  • Exercise/Conversion

    Stock Option Grant

    [F2]
    2026-06-01−25,050→ 10,000 total
    Exercise: $9.46Exp: 2030-12-01→ Common Stock (35,050 underlying)
Holdings

  • Restricted Stock Unit Grant

    [F6][F8]
    Exp: 2027-01-01→ Common Stock (5,177 underlying)
    5,177

  • Restricted Stock Unit Grant

    [F6][F7]
    Exp: 2028-01-01→ Common Stock (13,387 underlying)
    13,387

  • Restricted Stock Unit Grant

    [F6][F9]
    Exp: 2029-01-01→ Common Stock (15,375 underlying)
    15,375

  • Restricted Stock Unit Grant

    [F6][F12]
    Exp: 2030-01-01→ Common Stock (32,850 underlying)
    32,850

  • Restricted Stock Unit Grant

    [F6][F5]
    Exp: 2027-01-01→ Common Stock (5,355 underlying)
    5,355

  • Restricted Stock Unit Grant

    [F6][F5]
    Exp: 2029-01-01→ Common Stock (10,250 underlying)
    10,250

  • Restricted Stock Unit Grant

    [F6][F5]
    Exp: 2030-01-01→ Common Stock (32,850 underlying)
    32,850

  • Stock Option Grant

    [F17]
    Exercise: $22.20Exp: 2031-12-07→ Common Stock (7,740 underlying)
    7,740

  • Stock Option Grant

    [F3]
    Exercise: $14.00Exp: 2032-12-23→ Common Stock (16,640 underlying)
    16,640

  • Stock Option Grant

    [F4]
    Exercise: $17.31Exp: 2033-12-22→ Common Stock (19,435 underlying)
    19,435

  • Stock Option Grant

    [F10]
    Exercise: $21.62Exp: 2034-10-30→ Common Stock (17,350 underlying)
    17,350

  • Stock Option Grant

    [F11]
    Exercise: $23.52Exp: 2035-10-29→ Common Stock (31,650 underlying)
    31,650

  • Stock Option Grant

    [F2]
    Exercise: $22.20Exp: 2031-12-07→ Common Stock (3,096 underlying)
    3,096

  • Stock Option Grant

    [F2]
    Exercise: $14.00Exp: 2032-12-23→ Common Stock (13,387 underlying)
    13,387

  • Stock Option Grant

    [F2]
    Exercise: $17.31Exp: 2033-12-22→ Common Stock (21,640 underlying)
    21,640

  • Stock Option Grant

    [F2]
    Exercise: $21.62Exp: 2034-10-30→ Common Stock (17,350 underlying)
    17,350

  • Stock Option Grant

    [F2]
    Exercise: $23.52Exp: 2035-10-29→ Common Stock (31,650 underlying)
    31,650
Footnotes (17)
  • [F1]These options became fully exercisable on January 1, 2025.
  • [F10]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.
  • [F11]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.
  • [F12]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.
  • [F13]The reporting person exercised 10,000 stock options; 6,176 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 3,824 shares were acquired by the reporting person.
  • [F14]The reporting person exercised 10,000 stock options; 6,167 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 3,833 shares were acquired by the reporting person.
  • [F15]The reporting person exercised 5,050 stock options; 3,123 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,927 shares were acquired by the reporting person.
  • [F16]The reporting person exercised 964 stock options; 597 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 367 shares were acquired by the reporting person.
  • [F17]These options became fully exercisable on January 1, 2026.
  • [F2]These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
  • [F3]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.
  • [F4]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.
  • [F5]These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
  • [F6]Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
  • [F7]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.
  • [F8]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.
  • [F9]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.
Signature
/s/ Mark A. Shaffer, by power of attorney|2026-06-03

Documents

1 file
  • 4
    ownership.xmlPrimary

    4