Daunt John 4

What Happened

• John Daunt, EVP & Chief Commercial Officer of Liquidity Services (LQDT), exercised options to acquire a total of 462 shares (73 shares at $17.31 and 389 shares at $21.62) for a combined exercise cost of about $9,674, and then sold those 462 shares in the open market the same day at $39.13 per share for total proceeds of about $18,078. The filing also records related derivative/conversion line items at $0.00 (see Key Details).

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 6, 2026 (filing date shown in accession).
• Option exercises: 73 shares @ $17.31 (cost ≈ $1,264); 389 shares @ $21.62 (cost ≈ $8,410).
• Open-market sales: 73 shares @ $39.13 (proceeds ≈ $2,856); 389 shares @ $39.13 (proceeds ≈ $15,222). Total proceeds ≈ $18,078.
• Net cash flow (proceeds minus exercise cost) ≈ $8,404.
• Additional derivative entries: two line items for 73 and 389 shares show $0.00 for the derivative disposition — these typically reflect the conversion/settlement of option/derivative instruments recorded separately (the filing’s footnotes describe vesting/settlement terms).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Notable footnotes in the filing cover vesting schedules and conditions for options and restricted stock units (RSUs); e.g., several option grants vest monthly over multi-year schedules and RSUs vest in annual 25% installments (see F1–F13 and F2–F12 for details).

Context

• This was an exercise of options followed by same-day sales (a common cashless exercise pattern): the insider paid the exercise prices to acquire shares and immediately sold them on the open market.
• These transactions are routine insider reporting of option exercise and sale and do not by themselves indicate the insider’s longer-term view; they simply show that options were exercised and shares were monetized.