Weiskircher Steven 4

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.