Liquidity Services (LQDT) EVP John Daunt Exercises Options and Sells Shares

What Happened

• John Daunt, EVP & Chief Commercial Officer of Liquidity Services (LQDT), exercised stock options to acquire 715 shares (325 + 390) on 2026-08-03 and sold those 715 shares in open-market trades the same day.
• Exercise costs: $5,626 (325 @ $17.31) + $8,432 (390 @ $21.62) = $14,058 total paid to exercise. Sale proceeds: 325 @ $39.00 = $12,675 and 390 @ $39.00 = $15,210, totaling $27,885. Gross proceeds minus exercise cost ≈ $13,827 (before taxes/fees).
• The filing also shows two $0 derivative/settlement lines associated with the same share counts (325 and 390), which appear as administrative derivative-conversion entries tied to the exercises.

Key Details

• Transaction date: August 3, 2026. Form filed August 5, 2026 (appears timely).
• Prices: exercises at $17.31 and $21.62; sales at $39.00 per share.
• Shares involved: 715 shares exercised and sold the same day.
• Shares owned after transaction: Not specified in this filing.
• Footnotes in the filing detail standard vesting schedules and award terms (monthly or annual vesting for option and RSU grants—see footnotes F1–F13).
• No 10b5-1 trading plan, tax-withholding sale, or late-filing notation is identified in the reported items.

Context

• This is a common pattern called a cashless exercise: the insider exercised options and immediately sold the resulting shares, realizing the spread between exercise price and market price as cash.
• Sales by officers are often routine (compensation or tax-related). This filing is factual—no inference should be made about the insider’s view of the company beyond the transaction details provided.