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LIQUIDITY SERVICES INC·4

May 26, 6:44 PM ET

Weiskircher Steven 4

4 · LIQUIDITY SERVICES INC · Filed May 26, 2026

Research Summary

AI-generated summary of this filing

Updated

LIQUIDITY SERVICES (LQDT) CTO Steven Weiskircher Exercises Options, Sells Shares

What Happened
Steven Weiskircher, SVP & Chief Technology Officer of Liquidity Services (LQDT), reported option exercises on May 21–22, 2026 and multiple open-market sales. The filing shows exercised/converted option entries and acquisitions totaling 1,883 shares for aggregate exercise cost of $34,554 (reported acquisition entries). Separately the filing reports derivative dispositions (zero-dollar) associated with option withholding/surrenders. He sold 11,970 shares in open-market transactions at prices from $34.23 to $34.45 for aggregate proceeds of approximately $409,890.

Key Details

  • Transaction dates & prices:
    • Exercises recorded: 5/21/2026 and 5/22/2026 (acquisition entries: 601 @ $17.31; 468 @ $14.00; 145 @ $21.62; 669 @ $21.62 — total reported cost $34,554).
    • Open-market sales: 493 @ $34.45; 145 @ $34.29; 669 @ $34.29; 10,663 @ $34.23 — total proceeds ≈ $409,890.
    • The filing also lists zero-dollar derivative dispositions (5/21–5/22) tied to option withholding/surrenders.
  • Withholding/tax treatment (footnotes): the filing states shares were withheld/surrendered to cover exercise costs and taxes (see F12, F13, F14: 493 surrendered; 551 and 2,641 withheld on other exercises per footnotes).
  • Vesting/milestone notes: several option/RSU grants referenced have milestone or time-based vesting (see footnotes F1, F3, F4–F11).
  • Shares owned after transaction: not stated in the provided summary of the filing.
  • Filing timeliness: Transactions occurred May 21–22, 2026; Form 4 was filed May 26, 2026 — this is later than the typical 2-business-day deadline and appears late.

Context

  • This was effectively a cashless/cost-coverage exercise: the filing shows option exercises with some shares withheld/surrendered to pay exercise costs and taxes, and remaining shares sold in the open market.
  • For retail investors: purchases (net buys) are generally more informative than routine option exercises followed by sales; these transactions include substantial withholding and look largely like option exercises with proceeds taken by the insider.
  • No indication in the filing of a 10b5-1 trading plan or gift transactions. The filing is factual; it does not state the insider’s motivation.

Insider Transaction Report

Form 4
Period: 2026-05-21
LIQUIDITY SERVICES INCLQDT
Weiskircher Steven
SVP & Chief Technology Officer
Transactions
  • Exercise/Conversion

    Common Stock

    2026-05-21$17.31/sh+601$10,403→ 69,247 total
  • Exercise/Conversion

    Common Stock

    2026-05-21$14.00/sh+468$6,552→ 69,715 total
  • Sale

    Common Stock

    [F12]
    2026-05-21$34.45/sh−493$16,984→ 69,222 total
  • Exercise/Conversion

    Common Stock

    [F13]
    2026-05-22$21.62/sh+145$3,135→ 69,367 total
  • Sale

    Common Stock

    2026-05-22$34.29/sh−145$4,972→ 69,222 total
  • Exercise/Conversion

    Common stock

    [F14]
    2026-05-22$21.62/sh+669$14,464→ 69,891 total
  • Sale

    Common Stock

    2026-05-22$34.29/sh−669$22,940→ 69,222 total
  • Sale

    Common Stock

    2026-05-22$34.23/sh−10,663$364,994→ 58,559 total
  • Exercise/Conversion

    Stock Option Grant

    [F5]
    2026-05-21−601→ 6,013 total
    Exercise: $17.31Exp: 2033-12-22→ Common Stock (6,614 underlying)
  • Exercise/Conversion

    Stock Option Grant

    [F4]
    2026-05-21−468→ 1,872 total
    Exercise: $14.00Exp: 2032-12-23→ Common Stock (2,340 underlying)
  • Exercise/Conversion

    Stock Option Grant

    [F7]
    2026-05-22−696→ 11,133 total
    Exercise: $21.62Exp: 2034-10-30→ Common Stock (11,829 underlying)
  • Exercise/Conversion

    Stock Option Grant

    [F1]
    2026-05-22−3,340→ 8,350 total
    Exercise: $21.62Exp: 2034-10-30→ Common Stock (11,690 underlying)
Holdings

  • Stock Option Grant

    [F1]
    Exercise: $17.31Exp: 2033-12-22→ Common Stock (2,886 underlying)
    2,886

  • Stock Option Grant

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

  • 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: 2029-01-01→ Common Stock (9,850 underlying)
    9,850

  • 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 (3,495 underlying)
    3,495

  • 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 (14)
  • [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]The reporting person surrendered 493 shares with a market value of $16,965.31 to the issuer to pay the cost and related taxes associated with the exercise of certain stock options described above (i.e., the 601 options with an exercise price of $17.31 and the 468 options with an exercise price of $14.00).
  • [F13]The reporting person exercised 696 stock options; 551 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 145 shares were acquired by the reporting person.
  • [F14]The reporting person exercised 3,340 stock options; 2,641 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 669 shares were acquired by the reporting person.
  • [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|2026-05-26

Documents

1 file
  • 4
    ownership.xmlPrimary

    4