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LIQUIDITY SERVICES INC·4

Mar 10, 4:03 PM ET

Weiskircher Steven 4

4 · LIQUIDITY SERVICES INC · Filed Mar 10, 2026

Research Summary

AI-generated summary of this filing

Updated

Liquidity Services (LQDT) SVP Steven Weiskircher Exercises Options, Sells Shares

What Happened

  • Steven Weiskircher, SVP & Chief Technology Officer of Liquidity Services (LQDT), exercised multiple stock option tranches on 2026-03-06 and sold shares the same day. The filing shows he acquired 5,955 shares through exercises at various exercise prices and disposed of 4,967 shares via sales/surrenders, generating aggregate gross proceeds of $159,285 from the reported sales.
  • Key exercised-acquired lines (date 2026-03-06): 753 shares @ $14.00 (cost $10,542); 1,168 @ $17.31 (cost $20,218); 944 @ $21.62 (cost $20,409); 971 @ $21.62 (cost $20,993); 516 @ $22.20 (cost $11,455); 701 @ $14.00 (cost $9,814); 902 @ $17.31 (cost $15,614). Reported open-market/issuer disposals include 753 @ $31.90 ($24,021), 1,168 @ $31.90 ($37,259), 944 @ $31.90 ($30,114), 971 @ $31.90 ($30,975) and 1,131 @ $32.64 ($36,916).

Key Details

  • Transaction date: 2026-03-06. Form filed: 2026-03-10 (timely — filing occurred two business days after the transactions).
  • Gross sale proceeds reported: $159,285 (aggregate of listed sales).
  • Shares acquired via exercise (per reported non-zero acquisitions): 5,955 shares at the exercise prices listed above.
  • Shares disposed (sales/surrenders reported with value): 4,967 shares (including a 1,131-share surrender to the issuer to cover exercise costs/taxes).
  • Notable footnotes:
    • F13–F16: Several option exercises were larger tranches where many shares were withheld by the issuer to cover exercise costs and taxes (e.g., exercised 2,297; 4,329; 4,871; and 5,010 options — see footnotes for withheld counts).
    • F17: 1,131 shares were surrendered to the issuer (market value $36,915.84) to pay exercise costs/taxes for specific option lots.
    • Other footnotes (F1–F12) describe vesting schedules and milestone-based exercisability for various grants.
  • Shares owned after the transactions: not specified in the supplied excerpt of the filing.

Context

  • This was largely a set of option exercises with simultaneous share dispositions and share-withholding to cover exercise costs and taxes (a form of cashless exercise). That is a routine insider transaction structure—exercising vested options and using withheld or surrendered shares to satisfy exercise costs/taxes, with some remaining shares sold in the open market.
  • The filing is factual and does not indicate insider intent; sales to cover exercise costs are common and don’t necessarily signal a change in the insider’s view of the company.

Insider Transaction Report

Form 4
Period: 2026-03-06
LIQUIDITY SERVICES INCLQDT
Weiskircher Steven
SVP & Chief Technology Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F13]
    2026-03-06$14.00/sh+753$10,542→ 66,248 total
  • Sale

    Common Stock

    2026-03-06$31.90/sh−753$24,021→ 65,495 total
  • Exercise/Conversion

    Common Stock

    [F14]
    2026-03-06$17.31/sh+1,168$20,218→ 66,663 total
  • Sale

    Common Stock

    2026-03-06$31.90/sh−1,168$37,259→ 65,495 total
  • Exercise/Conversion

    Common Stock

    [F15]
    2026-03-06$21.62/sh+944$20,409→ 66,439 total
  • Sale

    Common Stock

    2026-03-06$31.90/sh−944$30,114→ 65,495 total
  • Exercise/Conversion

    Common Stock

    [F16]
    2026-03-06$21.62/sh+971$20,993→ 66,466 total
  • Sale

    Common Stock

    2026-03-06$31.90/sh−971$30,975→ 65,495 total
  • Exercise/Conversion

    Common Stock

    2026-03-06$22.20/sh+516$11,455→ 66,011 total
  • Exercise/Conversion

    Common Stock

    2026-03-06$14.00/sh+701$9,814→ 66,712 total
  • Exercise/Conversion

    Common Stock

    2026-03-06$17.31/sh+902$15,614→ 67,614 total
  • Sale

    Common Stock

    [F17]
    2026-03-06$32.64/sh−1,131$36,916→ 66,483 total
  • Exercise/Conversion

    Stock Option Grant

    [F1]
    2026-03-06−5,010→ 11,690 total
    Exercise: $21.62Exp: 2034-10-30→ Common Stock (16,700 underlying)
  • Exercise/Conversion

    Stock Option Grant

    [F2]
    2026-03-06−516→ 0 total
    Exercise: $22.20Exp: 2031-12-07→ Common Stock (516 underlying)
  • Exercise/Conversion

    Stock Option Grant

    [F5]
    2026-03-06−2,998→ 277 total
    Exercise: $14.00Exp: 2032-12-23→ Common Stock (3,275 underlying)
  • Exercise/Conversion

    Stock Option Grant

    [F6]
    2026-03-06−5,231→ 2,285 total
    Exercise: $17.31Exp: 2033-12-22→ Common Stock (7,516 underlying)
  • Exercise/Conversion

    Stock Option Grant

    [F8]
    2026-03-06−4,871→ 11,829 total
    Exercise: $21.62Exp: 2034-10-30→ Common Stock (16,700 underlying)
Holdings

  • Stock Option Grant

    [F1]
    Exercise: $22.20Exp: 2031-12-07→ Common Stock (7,428 underlying)
    7,428

  • Stock Option Grant

    [F1]
    Exercise: $17.31Exp: 2033-12-22→ Common Stock (7,215 underlying)
    7,215

  • Stock Option Grant

    [F1]
    Exercise: $23.52Exp: 2035-10-29→ Common Stock (15,900 underlying)
    15,900

  • Stock Option Grant

    [F11]
    Exercise: $23.52Exp: 2035-10-29→ Common Stock (15,900 underlying)
    15,900

  • Restricted Stock Unit Grant

    [F3][F4]
    Exp: 2027-01-01→ Common Stock (3,570 underlying)
    3,570

  • Restricted Stock Unit Grant

    [F3][F4]
    Exp: 2029-01-01→ Common Stock (13,790 underlying)
    13,790

  • Restricted Stock Unit Grant

    [F3][F4]
    Exp: 2030-01-01→ Common Stock (16,500 underlying)
    16,500

  • Restricted Stock Unit Grant

    [F3][F9]
    Exp: 2027-01-01→ Common Stock (3,490 underlying)
    3,490

  • Restricted Stock Unit Grant

    [F3][F10]
    Exp: 2028-01-01→ Common Stock (8,925 underlying)
    8,925

  • Restricted Stock Unit Grant

    [F3][F7]
    Exp: 2029-01-01→ Common Stock (14,775 underlying)
    14,775

  • Restricted Stock Unit Grant

    [F3][F12]
    Exp: 2030-01-01→ Common Stock (16,500 underlying)
    16,500
Footnotes (17)
  • [F1]These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
  • [F10]Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2025, January 1, 2026, January 1, 2027 and January 1, 2028.
  • [F11]12/48th of this option grant will vest on January 1, 2027, and, thereafter, an additional 1/48th will vest each month for thirty-six months.
  • [F12]Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2027, January 1, 2028, January 1, 2029 and January 1, 2030.
  • [F13]The reporting person exercised 2,297 stock options; 1,554 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 753 shares were acquired by the reporting person.
  • [F14]The reporting person exercised 4,329 stock options; 3,161 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,168 shares were acquired by the reporting person.
  • [F15]The reporting person exercised 4,871 stock options; 3,927 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 944 shares were acquired by the reporting person.
  • [F16]The reporting person exercised 5,010 stock options; 4,039 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 971 shares were acquired by the reporting person.
  • [F17]The reporting person surrendered 1,131 shares with a market value of $36,915.84 to the issuer to pay the cost and related taxes associated with the exercise of certain stock options described above (i.e., the 516 options with an exercise price of $22.20, the 701 options with an exercise price of $14.00, and the 902 options with an exercise price of $17.31).
  • [F2]These options became fully exercisable on January 1, 2026.
  • [F3]Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
  • [F4]These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones.
  • [F5]12/48th of these options vested on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
  • [F6]12/48th of this option grant vested on January 1, 2025 and thereafter, an additional 1/48th will vest each month for thirty-six months.
  • [F7]Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2026, January 1, 2027, January 1, 2028 and January 1, 2029.
  • [F8]12/48th of this option grant will vest on January 1, 2026, and, thereafter, an additional 1/48th will vest each month for thirty-six months.
  • [F9]Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2024, January 1, 2025, January 1, 2026 and January 1, 2027.
Signature
/s/ Mark A. Shaffer, by power of attorney|2026-03-10

Documents

1 file
  • 4
    ownership.xmlPrimary

    4