Weiskircher Steven 4

What Happened
Steven Weiskircher, SVP & Chief Technology Officer of Liquidity Services (LQDT), had restricted stock units (RSUs) vest and corresponding derivative entries reported on Feb 13, 2026. The Form 4 shows net acquisitions of 1,591, 2,980 and 3,288 shares (each at $0.00) and related dispositions of 2,859, 5,355 and 5,910 shares (each at $0.00) representing share withholding to satisfy tax obligations. In total, 14,124 RSUs vested (gross), 6,265 shares were withheld for taxes, and 7,859 shares were issued to him net. The filing also notes 2,733 RSUs that did not vest by the end of the performance period and were forfeited.

Key Details

• Transaction date: February 13, 2026; reported on Form 4 filed February 17, 2026. Price per share: $0.00 (compensation vesting). Transaction code: M (exercise/conversion of derivative as reported).
• Net shares issued to insider: 7,859 (1,591 + 2,980 + 3,288). Shares withheld for taxes: 6,265 (1,268 + 2,375 + 2,622). Gross vested RSUs: 14,124. Forfeited RSUs: 2,733 (per footnote).
• Shares owned after transaction: not specified in the supplied filing details.
• Notable footnotes: the entries reflect RSU vesting and issuer share-withholding to satisfy federal/state withholding (F14–F16); some awards and options vest subject to company performance milestones (see F1, F5, F17).
• Filing timeliness: Form filed Feb 17, 2026; there is no indication in the filing of a late report.

Context
These transactions are compensation-related vesting events, not open-market purchases or sales. The “dispositions” in the Form 4 represent the issuer withholding shares to cover tax withholding (a cashless tax withholding), not a market sale. The presence of forfeited RSUs indicates some performance-based awards did not meet vesting criteria. Such vesting is routine executive compensation and does not by itself signal insider market timing or a change in conviction.