Celaya Jorge 4

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.