Weiskircher Steven 4

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.