Liquidity Services (LQDT) EVP John Daunt Sells Shares After RSU Vesting

What Happened
John Daunt, EVP & Chief Commercial Officer of Liquidity Services (LQDT), had restricted stock units (RSUs) vest on August 21, 2026 and sold the net shares. Two net sales of 1,171 and 1,340 shares were executed at $43.12 per share for proceeds of $50,494 and $57,781, respectively (total $108,275). The filing also shows the conversion/settlement of the underlying RSUs (derivative entries) at $0, reflecting the vesting/issuance event.

Key Details

• Transaction date: 2026-08-21 (Form 4 filed 2026-08-25; filing is within the normal reporting window).
• Sale price: $43.12 per share.
• Shares sold: 1,171 + 1,340 = 2,511 shares; total proceeds $108,275.
• Underlying RSUs vested: 1,932 and 2,210 RSUs (total 4,142).
• Tax withholding: 761 and 870 shares were withheld to cover taxes (total 1,631 withheld); net shares (2,511) were issued to Daunt and sold. (See footnotes F14–F17; each RSU equals one share per F2.)
• Transaction codes: M = exercise/settlement of derivative (RSU conversion); J = other disposition (sale).
• Shares owned after transaction: not specified in this filing.
• Not a purchase: this was a vesting-and-sale (routine liquidity/tax-driven event), not an open-market purchase.

Context
The filings show a typical RSU vest-and-sell transaction: RSUs converted to shares (reported as derivative exercise/settlement) with the company withholding shares for taxes and the remaining shares sold, with proceeds net of fees paid to the insider. Such transactions are often administrative (tax/payment related) rather than an independent directional bet on the stock.