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LIQUIDITY SERVICES INC·4

Feb 17, 4:07 PM ET

Murray Novelette 4

4 · LIQUIDITY SERVICES INC · Filed Feb 17, 2026

Research Summary

AI-generated summary of this filing

Updated

Liquidity Services (LQDT) CHRO Murray Novelette Sells 5,402 Shares

What Happened

  • Murray Novelette, Chief Human Resources Officer of Liquidity Services (LQDT), had restricted stock units vest on Feb 13, 2026 and sold the net shares. Net sales: 1,398 + 2,122 + 1,882 = 5,402 shares at $30.57 each, producing total proceeds of $165,140 (breakdowns: $42,737; $64,870; $57,533).
  • The underlying vesting events involved 2,118, 3,213 and 2,850 RSUs; the issuer withheld shares to cover taxes (720; 1,091; 968 respectively) and the remaining issued shares were sold under the issuer’s release method (sell-to-cover and sale of remaining shares). A separate 2,024 RSUs did not vest and were forfeited (see footnotes F16–F21, F22).

Key Details

  • Transaction date: February 13, 2026. Report filed: February 17, 2026 (timely under SEC Form 4 rules).
  • Sale price: $30.57 per share. Total proceeds: $165,140.
  • Shares sold (net): 5,402. Gross RSUs that vested: 8,181; shares withheld for taxes: 2,779 (resulting net = 5,402).
  • Footnotes: F16–F18 describe net issuance after tax withholding; F19–F21 explain the issuer’s sell-to-cover/sale process; F22 notes 2,024 RSUs forfeited for not meeting performance vesting.
  • Transaction codes: M = exercise/conversion of derivative (vesting/conversion of RSUs/options at $0.00), J = other acquisition/disposition (sale). F = tax withholding events referenced in footnotes.

Context

  • These transactions reflect compensation-related vesting and an immediate sale of shares to cover tax withholding and fees (common “sell-to-cover” and sale of remaining shares), not an open-market voluntary purchase. For derivative entries: the $0.00 amounts indicate conversion/vesting of RSUs (no cash exercise price).
  • Such sales are typically routine to satisfy tax obligations or diversification needs and should be interpreted as compensation-related transactions rather than a direct signal of insider sentiment.

Insider Transaction Report

Form 4
Period: 2026-02-13
LIQUIDITY SERVICES INCLQDT
Murray Novelette
Chief Human Resources Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F16]
    2026-02-13+1,398→ 26,570 total
  • Other

    Common Stock

    [F19]
    2026-02-13$30.57/sh−1,398$42,737→ 25,172 total
  • Exercise/Conversion

    Common Stock

    [F17]
    2026-02-13+2,122→ 27,294 total
  • Other

    Common Stock

    [F20]
    2026-02-13$30.57/sh−2,122$64,870→ 25,172 total
  • Exercise/Conversion

    Common Stock

    [F18]
    2026-02-13+1,882→ 27,054 total
  • Other

    Common Stock

    [F21]
    2026-02-13$30.57/sh−1,882$57,533→ 25,172 total
  • Exercise/Conversion

    Restricted Stock Unit Grant

    [F2][F3][F22]
    2026-02-13−2,118→ 0 total
    Exp: 2026-01-01→ Common Stock (4,142 underlying)
  • Exercise/Conversion

    Restricted Stock Unit Grant

    [F2][F3]
    2026-02-13−3,213→ 2,142 total
    Exp: 2027-01-01→ Common Stock (5,355 underlying)
  • Exercise/Conversion

    Restricted Stock Unit Grant

    [F2][F3]
    2026-02-13−2,850→ 6,650 total
    Exp: 2029-01-01→ Common Stock (9,500 underlying)
Holdings

  • Restricted Stock Unit Grant

    [F2][F12]
    Exp: 2027-01-01→ Common Stock (2,589 underlying)
    2,589

  • Restricted Stock Unit Grant

    [F2][F13]
    Exp: 2028-01-01→ Common Stock (5,355 underlying)
    5,355

  • Restricted Stock Unit Grant

    [F2][F11]
    Exp: 2029-01-01→ Common Stock (7,125 underlying)
    7,125

  • Restricted Stock Unit Grant

    [F2][F15]
    Exp: 2030-01-01→ Common Stock (10,550 underlying)
    10,550

  • Restricted Stock Unit Grant

    [F2][F3]
    Exp: 2030-01-01→ Common Stock (10,550 underlying)
    10,550

  • Stock Option Grant

    [F5]
    Exercise: $10.30Exp: 2027-02-02→ Common Stock (1,850 underlying)
    1,850

  • Stock Option Grant

    [F1]
    Exercise: $9.46Exp: 2030-12-01→ Common Stock (7,693 underlying)
    7,693

  • Stock Option Grant

    [F7]
    Exercise: $22.20Exp: 2031-12-07→ Common Stock (6,190 underlying)
    6,190

  • Stock Option Grant

    [F8]
    Exercise: $14.00Exp: 2032-12-23→ Common Stock (5,027 underlying)
    5,027

  • Stock Option Grant

    [F9]
    Exercise: $17.31Exp: 2033-12-22→ Common Stock (8,660 underlying)
    8,660

  • Stock Option Grant

    [F10]
    Exercise: $21.62Exp: 2034-10-30→ Common Stock (8,000 underlying)
    8,000

  • Stock Option Grant

    [F14]
    Exercise: $23.50Exp: 2035-10-29→ Common Stock (10,150 underlying)
    10,150

  • Stock Option Grant

    [F4]
    Exercise: $10.30Exp: 2027-02-02→ Common Stock (1,054 underlying)
    1,054

  • Stock Option Grant

    [F6]
    Exercise: $22.20Exp: 2031-12-07→ Common Stock (6,190 underlying)
    6,190

  • Stock Option Grant

    [F6]
    Exercise: $14.00Exp: 2032-12-23→ Common Stock (8,320 underlying)
    8,320

  • Stock Option Grant

    [F6]
    Exercise: $17.31Exp: 2033-12-22→ Common Stock (8,660 underlying)
    8,660

  • Stock Option Grant

    [F6]
    Exercise: $21.62Exp: 2034-10-30→ Common Stock (8,000 underlying)
    8,000

  • Stock Option Grant

    [F6]
    Exercise: $23.50Exp: 2035-10-29→ Common Stock (10,150 underlying)
    10,150
Footnotes (22)
  • [F1]12/48th of this option grant vested on January 1, 2022 and thereafter, an additional 1/48th will vest each month for thirty-six months.
  • [F10]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.
  • [F11]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.
  • [F12]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.
  • [F13]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.
  • [F14]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.
  • [F15]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.
  • [F16]Represents the net issuance of 1,398 shares from the vesting of 2,118 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 720 shares.
  • [F17]Represents the net issuance of 2,122 shares from the vesting of 3,213 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 1,091 shares.
  • [F18]Represents the net issuance of 1,882 shares from the vesting of 2,850 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 968 shares.
  • [F19]In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes and remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 1,398 shares received by the reporting person in connection with the vesting of 2,118 restricted stock units.
  • [F2]Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
  • [F20]In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes and remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 2,122 shares received by the reporting person in connection with the vesting of 3,213 restricted stock units.
  • [F21]In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes and remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 1,882 shares received by the reporting person in connection with the vesting of 2,850 restricted stock units.
  • [F22]The remaining 2,024 RSUs did not vest by the last day of the performance period (January 1, 2026) and as such, were forfeited in accordance with the terms of the grant.
  • [F3]These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
  • [F4]These options become exercisable, if at all, based on the completion of the Issuer's strategic transformation as well as the Issuer's achievement of certain financial milestones.
  • [F5]15/48th of this option grant vested on January 1, 2018 and thereafter, an additional 1/48th vests each month for thirty-three months.
  • [F6]These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
  • [F7]12/48th of this option grant vested on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.
  • [F8]12/48th of this option grant vested on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
  • [F9]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.
Signature
/s/ Mark A. Shaffer, by power of attorney|2026-02-17

Documents

1 file
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    ownership.xmlPrimary

    4