Earnings Feed
Start Free
LIQUIDITY SERVICES INC·4

Feb 17, 4:08 PM ET

Daunt John 4

4 · LIQUIDITY SERVICES INC · Filed Feb 17, 2026

Research Summary

AI-generated summary of this filing

Updated

Liquidity Services (LQDT) EVP John Daunt Sells 10,610 Shares

What Happened

  • John Daunt, EVP & Chief Commercial Officer of Liquidity Services (LQDT), had restricted stock units vest on Feb 13, 2026 and sold the net shares. He sold three lots: 2,697 shares, 3,692 shares and 4,221 shares at $30.57 per share, generating total gross proceeds of approximately $324,347.
  • The filing also shows related derivative/vesting entries (exercise/conversion at $0) corresponding to the RSU vesting and issuer withholding to cover taxes.

Key Details

  • Transaction date: 2026-02-13; sale price: $30.57 per share.
  • Shares sold (net): 10,610; total proceeds ≈ $324,347.
  • Shares owned after the transaction: Not specified in the Form 4 provided.
  • Notable footnotes: the filing states the issuer withheld shares to cover federal and state withholding taxes (see F14–F19); the reporting person elected that remaining vested shares be sold and sale proceeds used to cover fees with the balance paid in cash (F15, F17, F19). Footnote F20 notes 4,048 RSUs were forfeited because performance targets were not met.
  • Filing timeliness: The Form 4 was filed on Feb 17, 2026 for transactions on Feb 13, 2026; this appears to be timely (no late-filing flag indicated).

Context

  • These transactions reflect RSU vesting and a cash-out of net shares rather than an open-market purchase. The mechanics: RSUs vested (derivative conversion/exercise entries at $0), the company withheld shares to satisfy tax withholding, and the remaining vested shares were sold — a routine practice often used to cover taxes and fees rather than a market-timing purchase or sale signal.
  • No 10% owner or other special-holder status is indicated in the filing; this is executive compensation-related activity.

Insider Transaction Report

Form 4
Period: 2026-02-13
LIQUIDITY SERVICES INCLQDT
Daunt John
EVP, Chief Commercial Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F14]
    2026-02-13+2,697→ 50,749 total(indirect: By Trust)
  • Other

    Common Stock

    [F15]
    2026-02-13$30.57/sh−2,697$82,447→ 48,052 total(indirect: By Trust)
  • Exercise/Conversion

    Common Stock

    [F16]
    2026-02-13+3,692→ 51,744 total(indirect: By Trust)
  • Other

    Common Stock

    [F17]
    2026-02-13$30.57/sh−3,692$112,864→ 48,052 total(indirect: By Trust)
  • Exercise/Conversion

    Common Stock

    [F18]
    2026-02-13+4,221→ 52,273 total(indirect: By Trust)
  • Other

    Common Stock

    [F19]
    2026-02-13$30.57/sh−4,221$129,036→ 48,052 total(indirect: By Trust)
  • Exercise/Conversion

    Restricted Stock Unit Grant

    [F2][F3][F20]
    2026-02-13−4,236→ 0 total
    Exp: 2026-01-01→ Common Stock (8,284 underlying)
  • Exercise/Conversion

    Restricted Stock Unit Grant

    [F2][F3]
    2026-02-13−5,798→ 3,865 total
    Exp: 2027-01-01→ Common Stock (9,663 underlying)
  • Exercise/Conversion

    Restricted Stock Unit Grant

    [F2][F3]
    2026-02-13−6,630→ 15,470 total
    Exp: 2029-01-01→ Common Stock (22,100 underlying)
Holdings

  • Restricted Stock Unit Grant

    [F2][F10]
    Exp: 2027-01-01→ Common Stock (5,177 underlying)
    5,177

  • Restricted Stock Unit Grant

    [F2][F11]
    Exp: 2028-01-01→ Common Stock (9,662 underlying)
    9,662

  • Restricted Stock Unit Grant

    [F2][F8]
    Exp: 2029-01-01→ Common Stock (16,575 underlying)
    16,575

  • Restricted Stock Unit Grant

    [F2][F12]
    Exp: 2030-01-01→ Common Stock (25,750 underlying)
    25,750

  • Restricted Stock Unit Grant

    [F2][F3]
    Exp: 2030-01-01→ Common Stock (25,750 underlying)
    25,750

  • Stock Option Grant

    [F7]
    Exercise: $9.46Exp: 2030-12-01→ Common Stock (1,275 underlying)
    1,275

  • Stock Option Grant

    [F1]
    Exercise: $22.20Exp: 2031-12-07→ Common Stock (2,096 underlying)
    2,096

  • Stock Option Grant

    [F5]
    Exercise: $14.00Exp: 2032-12-23→ Common Stock (7,003 underlying)
    7,003

  • Stock Option Grant

    [F6]
    Exercise: $17.31Exp: 2033-12-22→ Common Stock (11,390 underlying)
    11,390

  • Stock Option Grant

    [F9]
    Exercise: $21.62Exp: 2034-10-30→ Common Stock (18,700 underlying)
    18,700

  • Stock Option Grant

    [F13]
    Exercise: $23.52Exp: 2035-10-29→ Common Stock (24,800 underlying)
    24,800

  • Stock Option Grant

    [F4]
    Exercise: $6.11Exp: 2028-12-04→ Common Stock (10,066 underlying)
    10,066

  • Stock Option Grant

    [F4]
    Exercise: $22.20Exp: 2031-12-07→ Common Stock (4,644 underlying)
    4,644

  • Stock Option Grant

    [F4]
    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 (15,620 underlying)
    15,620

  • Stock Option Grant

    [F4]
    Exercise: $21.62Exp: 2034-10-30→ Common Stock (18,700 underlying)
    18,700

  • Stock Option Grant

    [F4]
    Exercise: $23.52Exp: 2035-10-29→ Common Stock (24,800 underlying)
    24,800
Footnotes (20)
  • [F1]12/48th of this option grant vested on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.
  • [F10]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.
  • [F11]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.
  • [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]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.
  • [F14]Represents the net issuance of 2,697 shares from the vesting of 4,236 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 1,539 shares.
  • [F15]In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes and remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 2,697 shares received by the reporting person in connection with the vesting of 4,236 restricted stock units.
  • [F16]Represents the net issuance of 3,692 shares from the vesting of 5,798 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 2,106 shares.
  • [F17]In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes and remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 3,692 shares received by the reporting person in connection with the vesting of 5,798 restricted stock units.
  • [F18]Represents the net issuance of 4,221 shares from the vesting of 6,630 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 2,409 shares.
  • [F19]In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes and remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 4,221 shares received by the reporting person in connection with the vesting of 6,630 restricted stock units.
  • [F2]Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
  • [F20]The remaining 4,048 RSUs did not vest by the last day of the performance period (January 1, 2026) and as such, were forfeited in accordance with the terms of the grant.
  • [F3]These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones.
  • [F4]These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
  • [F5]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.
  • [F6]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.
  • [F7]These options became fully exercisable on January 1, 2024.
  • [F8]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.
  • [F9]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.
Signature
/s/ Mark A. Shaffer, by power of attorney|2026-02-17

Documents

1 file
  • 4
    ownership.xmlPrimary

    4