Celaya Jorge 4

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.