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LIQUIDITY SERVICES INC·4

May 18, 4:21 PM ET

Weiskircher Steven 4

4 · LIQUIDITY SERVICES INC · Filed May 18, 2026

Research Summary

AI-generated summary of this filing

Updated

Liquidity Services (LQDT) SVP/CTO Steven Weiskircher Receives RSU Shares

What Happened

  • Steven Weiskircher, SVP & Chief Technology Officer of Liquidity Services (LQDT), had restricted stock units convert into common shares on May 14, 2026. A total of 3,940 RSUs vested; 2,163 shares were issued to him and 1,777 shares were withheld by the issuer to satisfy federal/state tax withholding. Transactions reported at $0.00 per share (issuer withholding/issuance).

Key Details

  • Transaction date: 2026-05-14. Filing date: 2026-05-18 (appears filed after the 2-business-day window).
  • Price: $0.00 per share for both the acquired and withheld/converted items (standard for RSU vesting/conversion).
  • Net shares received: 2,163. Gross RSUs vesting: 3,940; shares withheld for taxes: 1,777 (footnote F12).
  • Relevant footnotes: F2 (each RSU equals one share), F3 (these RSUs vest based on certain financial milestones), F12 (net issuance and tax withholding details).
  • Shares owned after transaction: Not specified in the provided filing excerpt.
  • Transaction coding: Reported as conversion/exercise of derivative (code M); the withholding is a standard issuer tax-withholding action.

Context

  • This was a vesting/conversion of restricted stock units, not an open-market purchase or sale. The issuer withheld shares to cover taxes (common practice), so the "disposed" amount reflects withholding rather than a market sale.
  • The Form 4 was filed four days after the transaction date; insiders are normally required to file within two business days, so this appears to be a late filing. Late filings don't by themselves indicate intent but can affect the timeliness of public disclosure.

Insider Transaction Report

Form 4
Period: 2026-05-14
LIQUIDITY SERVICES INCLQDT
Weiskircher Steven
SVP & Chief Technology Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F12]
    2026-05-14+2,163→ 68,646 total
  • Exercise/Conversion

    Restricted Stock Unit Grant

    [F2][F3]
    2026-05-14−3,940→ 9,850 total
    Exp: 2029-01-01→ Common Stock (13,790 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: $21.62Exp: 2034-10-30→ Common Stock (11,690 underlying)
    11,690

  • Stock Option Grant

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

  • Stock Option Grant

    [F4]
    Exercise: $14.00Exp: 2032-12-23→ Common Stock (277 underlying)
    277

  • Stock Option Grant

    [F5]
    Exercise: $17.31Exp: 2033-12-22→ Common Stock (2,285 underlying)
    2,285

  • Stock Option Grant

    [F7]
    Exercise: $21.62Exp: 2034-10-30→ Common Stock (11,829 underlying)
    11,829

  • Stock Option Grant

    [F10]
    Exercise: $23.52Exp: 2035-10-29→ Common Stock (15,900 underlying)
    15,900

  • Restricted Stock Unit Grant

    [F2][F3]
    Exp: 2027-01-01→ Common Stock (3,570 underlying)
    3,570

  • Restricted Stock Unit Grant

    [F2][F3]
    Exp: 2030-01-01→ Common Stock (16,500 underlying)
    16,500

  • Restricted Stock Unit Grant

    [F2][F8]
    Exp: 2027-01-01→ Common Stock (3,490 underlying)
    3,490

  • Restricted Stock Unit Grant

    [F2][F9]
    Exp: 2028-01-01→ Common Stock (8,925 underlying)
    8,925

  • Restricted Stock Unit Grant

    [F2][F6]
    Exp: 2029-01-01→ Common Stock (14,775 underlying)
    14,775

  • Restricted Stock Unit Grant

    [F2][F11]
    Exp: 2030-01-01→ Common Stock (16,500 underlying)
    16,500
Footnotes (12)
  • [F1]These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
  • [F10]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.
  • [F11]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.
  • [F12]Represents the net issuance of 2,163 shares from the vesting of 3,940 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 1,777 shares.
  • [F2]Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
  • [F3]These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones.
  • [F4]12/48th of these options vested on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
  • [F5]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.
  • [F6]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.
  • [F7]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.
  • [F8]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.
  • [F9]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.
Signature
/s/ Mark A. Shaffer, by power of attorney|2026-05-18

Documents

1 file
  • 4
    ownership.xmlPrimary

    4