Celaya Jorge 4

What Happened
Jorge Celaya, Chief Financial Officer of Liquidity Services (LQDT), exercised a total of 7,407 stock options on June 10, 2026. Of those options, 4,998 shares were withheld by the issuer to cover option costs and taxes, and 2,409 shares were issued to him and immediately sold in the open market at $38.00 per share. The sales generated $91,542 in gross proceeds; the exercise cost for the acquired shares (2,409 shares at $14.00 strike) was $33,726, leaving approximately $57,816 in proceeds before taxes and other adjustments.

Key Details

• Transaction date: June 10, 2026. Filing date: June 12, 2026 (timely filed).
• Options exercised: 7,407 total (1,427 + 5,980).
• Shares issued to Celaya and sold: 2,409 (464 + 1,945) sold at $38.00 = $91,542 gross proceeds.
• Shares withheld to cover exercise costs/taxes: 4,998 (963 + 4,035) reported as derivative dispositions at $0 (tax/withholding).
• Exercise / cost basis for sold shares: 2,409 shares at $14.00 = $33,726 total exercise cost.
• Relevant footnotes: F13 and F15 explain that shares were withheld to pay option cost and taxes; footnotes indicate the options were exercisable/vested per the grant terms (see F1/F14 for exercisability dates).
• Shares owned after transaction: not specified in the provided excerpt.

Context
This was a same-day exercise and sell (cashless exercise) where the insider exercised options and immediately sold the shares received; such transactions are often routine for tax-liability or diversification reasons and do not in themselves indicate whether the insider is bullish or bearish. The filing appears timely (filed two days after the transaction date, consistent with Form 4 rules).