Daunt John 4

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.