Weiskircher Steven 4

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.