Daunt John 4

What Happened

• John Daunt, EVP and Chief Commercial Officer of Liquidity Services (LQDT), exercised 3,287 options on 2026-06-26 by paying $21.62 per share for a total cash outlay of $71,065. He also sold 39.09 shares in an open-market transaction that day at $39.09 per share, generating $1,528.
• The filing also lists a derivative conversion entry for 3,287 shares recorded as disposed at $0.00 — this reflects the option conversion mechanics reported on the Form 4 (the option itself was cancelled/converted when exercised).
• The sale was very small relative to the exercise (39.09 of 3,287 shares). Such limited disposals are commonly used to cover taxes or withholding related to option exercises or vesting.

Key Details

• Transaction date: 2026-06-26; Form 4 filed 2026-06-30 (filed 4 days after the transaction — later than the SEC’s typical two-business-day deadline).
• Exercise: 3,287 shares @ $21.62 = $71,065 (acquired).
• Open-market sale: 39.09 shares @ $39.09 = $1,528 (disposed).
• Derivative conversion: 3,287 shares @ $0.00 (disposed) — represents conversion/cancellation of the exercised options.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: filing includes multiple vesting/award notes — RSUs are 1:1 with common shares, and several option/RSU grants have monthly or annual vesting schedules and in some cases vest upon achievement of financial milestones.

Context

• This was primarily an option exercise (a neutral-to-bullish action in that the insider acquired shares), with a very small accompanying sale. Retail investors often view purchases or exercises more informatively than routine small sales.
• The late filing may attract regulatory attention; late Form 4s do not change the economic facts but reduce timely transparency for investors.