[Form 4] LIQUIDITY SERVICES INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Liquidity Services Inc. Chief Human Resources Officer Murray Novelette reported multiple stock option exercises and related share sales. He exercised 17,545 stock options at prices between $6.69 and $22.20 per share. According to the footnotes, a substantial portion of the resulting shares was withheld by the issuer to cover option costs and taxes, with the remainder delivered as common stock.
On the same date, Novelette sold 1,826 shares of Liquidity Services common stock in open-market transactions at $31.50 per share. After these transactions, he directly owns 35,769 common shares and also holds various restricted stock units and stock option grants tied to Liquidity Services common stock that remain outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,826 shares ($57,519)
Net Sell
31 txns
Insider
Murray Novelette
Role
Chief Human Resources Officer
Sold
1,826 shs ($58K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option Grant | 2,921 | $0.00 | -- |
| Exercise | Stock Option Grant | 694 | $0.00 | -- |
| Exercise | Stock Option Grant | 2,412 | $0.00 | -- |
| Exercise | Stock Option Grant | 921 | $0.00 | -- |
| Exercise | Stock Option Grant | 1,850 | $0.00 | -- |
| Exercise | Stock Option Grant | 1,054 | $0.00 | -- |
| Exercise | Stock Option Grant | 7,693 | $0.00 | -- |
| Exercise | Common Stock | 610 | $22.20 | $14K |
| Sale | Common Stock | 610 | $31.50 | $19K |
| Exercise | Common Stock | 263 | $14.00 | $4K |
| Sale | Common Stock | 263 | $31.50 | $8K |
| Exercise | Common Stock | 750 | $17.31 | $13K |
| Sale | Common Stock | 750 | $31.50 | $24K |
| Exercise | Common Stock | 203 | $21.62 | $4K |
| Sale | Common Stock | 203 | $31.50 | $6K |
| Exercise | Common Stock | 1,850 | $10.30 | $19K |
| Exercise | Common Stock | 1,054 | $6.69 | $7K |
| Exercise | Common Stock | 7,693 | $9.46 | $73K |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
Holdings After Transaction:
Stock Option Grant — 3,269 shares (Direct);
Common Stock — 25,782 shares (Direct);
Restricted Stock Unit Grant — 2,589 shares (Direct)
Footnotes (1)
- 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. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones. 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. 15/48th of this option grant vested on January 1, 2018 and thereafter, an additional 1/48th vests each month for thirty-three months. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones. 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. 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. 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. 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. 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. 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. 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. 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. 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. The reporting person exercised 2,921 stock options; 2,311 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 610 shares were acquired by the reporting person. The reporting person exercised 694 stock options; 431 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 263 shares were acquired by the reporting person. The reporting person exercised 2,412 stock options; 1,662 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 750 shares were acquired by the reporting person. The reporting person exercised 921 stock options; 718 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 203 shares were acquired by the reporting person..
