Celaya Jorge 4
4 · LIQUIDITY SERVICES INC · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
Liquidity Services (LQDT) CFO Jorge Celaya Exercises Options, Sells Shares
What Happened
Jorge Celaya, Chief Financial Officer of Liquidity Services (LQDT), exercised stock options and sold the resulting net shares on June 4, 2026. The filing shows the exercise resulted in 3,842 shares acquired at $9.46 each (cost $36,345) and those 3,842 shares were sold in the open market at $37.26 each for proceeds of $143,153. The underlying exercise involved 10,000 options; 6,158 shares were withheld to cover the option cost and tax withholding, leaving the 3,842 shares that were sold.
Key Details
- Transaction date: June 4, 2026. Form 4 filed June 8, 2026. (Filing did not indicate a late status.)
- Option exercise (code M): 10,000 options exercised; reported as 3,842 shares acquired at $9.46 (total $36,345) after withholding (see F13).
- Sale (code S): 3,842 shares sold in open market at $37.26 for total proceeds $143,153.
- Withholding: 6,158 shares were withheld by the issuer to pay the exercise cost and taxes (footnote F13).
- Shares owned after transaction: not specified in the filing.
- Relevant footnote: F13 explains the withholding; other footnotes in the filing describe vesting schedules for various grants.
Context
This was effectively a cashless exercise: the reporting person exercised options, the company withheld shares to cover exercise cost and taxes, and the remaining shares were immediately sold. The filing shows gross sale proceeds of $143,153 and a cost basis for the acquired shares of $36,345 (gross difference ≈ $106,808 before fees and taxes). Exercises followed by same-day sales are commonly used to cover exercise/tax obligations; they are not necessarily a directional bet on the stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F13]2026-06-04$9.46/sh+3,842$36,345→ 70,737 total(indirect: By Trust) - Sale
Common Stock
2026-06-04$37.26/sh−3,842$143,153→ 66,895 total(indirect: By Trust) - Exercise/Conversion
Stock Option Grant
[F2]2026-06-04−10,000→ 0 totalExercise: $9.46Exp: 2030-12-01→ Common Stock (10,000 underlying)
- 5,177
Restricted Stock Unit Grant
[F6][F8]Exp: 2027-01-01→ Common Stock (5,177 underlying) - 13,387
Restricted Stock Unit Grant
[F6][F7]Exp: 2028-01-01→ Common Stock (13,387 underlying) - 15,375
Restricted Stock Unit Grant
[F6][F9]Exp: 2029-01-01→ Common Stock (15,375 underlying) - 32,850
Restricted Stock Unit Grant
[F6][F12]Exp: 2030-01-01→ Common Stock (32,850 underlying) - 5,355
Restricted Stock Unit Grant
[F6][F5]Exp: 2027-01-01→ Common Stock (5,355 underlying) - 10,250
Restricted Stock Unit Grant
[F6][F5]Exp: 2029-01-01→ Common Stock (10,250 underlying) - 32,850
Restricted Stock Unit Grant
[F6][F5]Exp: 2030-01-01→ Common Stock (32,850 underlying) - 7,740
Stock Option Grant
[F14]Exercise: $22.20Exp: 2031-12-07→ Common Stock (7,740 underlying) - 16,640
Stock Option Grant
[F3]Exercise: $14.00Exp: 2032-12-23→ Common Stock (16,640 underlying) - 19,435
Stock Option Grant
[F4]Exercise: $17.31Exp: 2033-12-22→ Common Stock (19,435 underlying) - 17,350
Stock Option Grant
[F10]Exercise: $21.62Exp: 2034-10-30→ Common Stock (17,350 underlying) - 31,650
Stock Option Grant
[F11]Exercise: $23.52Exp: 2035-10-29→ Common Stock (31,650 underlying) - 3,096
Stock Option Grant
[F2]Exercise: $22.20Exp: 2031-12-07→ Common Stock (3,096 underlying) - 13,387
Stock Option Grant
[F2]Exercise: $14.00Exp: 2032-12-23→ Common Stock (13,387 underlying) - 21,640
Stock Option Grant
[F2]Exercise: $17.31Exp: 2033-12-22→ Common Stock (21,640 underlying) - 17,350
Stock Option Grant
[F2]Exercise: $21.62Exp: 2034-10-30→ Common Stock (17,350 underlying) - 31,650
Stock Option Grant
[F2]Exercise: $23.52Exp: 2035-10-29→ Common Stock (31,650 underlying) - 6,596
Stock Option Grant
[F1]Exercise: $9.46Exp: 2030-12-01→ Common Stock (6,596 underlying)
Footnotes (14)
- [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; 6,158 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 3,842 shares were acquired by the reporting person.
- [F14]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.