Daunt John 4

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.