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LIQUIDITY SERVICES INC·4

May 18, 4:26 PM ET

Daunt John 4

4 · LIQUIDITY SERVICES INC · Filed May 18, 2026

Research Summary

AI-generated summary of this filing

Updated

Liquidity Services (LQDT) EVP John Daunt Sells 2,680 Shares

What Happened John Daunt, EVP and Chief Commercial Officer of Liquidity Services, had 4,420 restricted stock units vest on May 14, 2026. The issuer withheld 1,740 shares to cover federal and state taxes, leaving a net issuance of 2,680 shares to Mr. Daunt. Those 2,680 shares were sold the same day at $33.13 per share for total proceeds of $88,788. The filings also show the related derivative/conversion entries (exercise/conversion code M) at $0, reflecting the RSU-to-share conversion.

Key Details

  • Transaction date: 2026-05-14; Filing date: 2026-05-18 (filing appears late relative to the typical 2-business-day Form 4 deadline).
  • Shares sold: 2,680 at $33.13 each; Proceeds = $88,788.
  • RSUs vested: 4,420; Shares withheld for taxes: 1,740 (net issued = 2,680) — see footnotes F14 and F15.
  • Transaction codes: M = exercise/conversion of derivative (conversion/vesting of RSUs), J = other acquisition/disposition (sale), F = tax withholding (shares withheld).
  • Shares owned after transaction: not specified in the supplied filing details.

Context

  • This was not a cash purchase by the insider; it was a vesting of RSUs followed by a sale of the net shares (a common cashless or sell-to-cover practice to satisfy tax obligations).
  • The sale appears routine (proceeds used to cover taxes/fees and the balance paid to the reporting person per F15) and does not by itself indicate insider sentiment about the company's prospects.
  • Note the late filing — investors may view untimely Form 4s as a compliance issue worth monitoring.

Insider Transaction Report

Form 4
Period: 2026-05-14
LIQUIDITY SERVICES INCLQDT
Daunt John
EVP, Chief Commercial Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F14]
    2026-05-14+2,680→ 40,332 total(indirect: By Trust)
  • Other

    Common Stock

    [F15]
    2026-05-14$33.13/sh−2,680$88,788→ 37,652 total(indirect: By Trust)
  • Exercise/Conversion

    Restricted Stock Unit Grant

    [F2][F3]
    2026-05-14−4,420→ 11,050 total
    Exp: 2029-01-01→ Common Stock (15,470 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: 2027-01-01→ Common Stock (3,865 underlying)
    3,865

  • 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 (15)
  • [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 2,680 shares from the vesting of 4,420 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 1,740 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 2,680 shares received by the reporting person in connection with the vesting of 4,420 restricted stock units.
  • [F2]Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
  • [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 vested 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|2026-05-18

Documents

1 file
  • 4
    ownership.xmlPrimary

    4