Form 4: Liquidity Services CCO Transfers Shares to Family Trust

Sentiment:

Insider Transaction Report 10 December 2025 4:08 PM

Liquidity Services' EVP and Chief Commercial Officer, John Daunt, reported a gift of 1,660 common shares to The Daunt Family Trust, maintaining indirect beneficial ownership.

Summary

John Daunt, EVP, Chief Commercial Officer of Liquidity Services Inc. (LQDT), reported a disposition of 1,660 shares of common stock on December 8, 2025.
This transaction was a gift (G transaction code) with a price of $0 per share, indicating a transfer rather than a sale.
Following this transfer, John Daunt's direct beneficial ownership of common stock is zero, while his indirect beneficial ownership through The Daunt Family Trust stands at 48,052 shares.
The filing also details his holdings of various derivative securities, including Restricted Stock Unit (RSU) grants totaling 80,171 shares and Stock Option grants totaling 110,998 shares, with diverse vesting schedules and exercise prices.
RSU grants range from 2,180 to 25,750 shares, with vesting dates extending from January 1, 2026, to January 1, 2030, some based on time and others on financial milestones.
Stock option grants have exercise prices between $6.11 and $23.52, with expiration dates from December 1, 2030, to October 29, 2035, and vesting tied to time or financial milestones.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider disclosure of a non-sale transaction (gift to a family trust), which typically has minimal market impact.

Positives

The executive maintains significant beneficial ownership (48,052 common shares indirectly, plus substantial derivative holdings), aligning his interests with long-term shareholder value.
The transaction was a gift to a family trust, not a sale for cash, which typically does not signal a lack of confidence in the company's future.

Negatives

No direct negatives are apparent from this routine insider disclosure of a non-sale transaction.

Risks

No specific risks are mentioned in this Form 4 filing.

Future Outlook

Industry Context

Related Party Transactions

The gift of 1,660 common shares from John Daunt's direct ownership to The Daunt Family Trust constitutes a related party transaction, as he likely retains control or beneficial interest in the trust.

Stakeholder Impact

Shareholders: Minimal direct impact as it's a non-sale transfer of shares, and the executive maintains beneficial ownership.
Management/Employees: No direct impact.

Key Dates

Date	Description
2023-01-01	12/48th of a stock option grant ($22.2 exercise price, 2,096 shares) vested, with additional 1/48th vesting monthly for 36 months. Also, 25% of a 2,180 RSU grant vested.
2024-01-01	A stock option grant ($9.46 exercise price, 1,275 shares) became fully exercisable. 12/48th of a stock option grant ($14 exercise price, 7,003 shares) vested, with additional 1/48th vesting monthly for 36 months. Also, 25% of a 2,180 RSU grant and 25% of a 10,355 RSU grant vested.
2025-01-01	12/48th of a stock option grant ($17.31 exercise price, 11,390 shares) vested, with additional 1/48th vesting monthly for 36 months. Also, 25% of a 2,180 RSU grant, 25% of a 10,355 RSU grant, and 25% of a 14,494 RSU grant vested.
2025-12-08	Transaction date for the gift of 1,660 common shares by John Daunt.
2025-12-10	Date the Form 4 was signed and filed.
2026-01-01	Remaining 25% of a 2,180 RSU grant vests. 25% of a 10,355 RSU grant vests. 25% of a 14,494 RSU grant vests. 25% of a 22,100 RSU grant vests. 12/48th of a stock option grant ($21.62 exercise price, 18,700 shares) will vest, with additional 1/48th vesting monthly for 36 months.
2027-01-01	Remaining 25% of a 10,355 RSU grant vests. Remaining 25% of a 14,494 RSU grant vests. 25% of a 22,100 RSU grant vests. 25% of a 25,750 RSU grant vests. 12/48th of a stock option grant ($23.52 exercise price, 24,800 shares) will vest, with additional 1/48th vesting monthly for 36 months.
2028-01-01	Remaining 25% of a 14,494 RSU grant vests. 25% of a 22,100 RSU grant vests. 25% of a 25,750 RSU grant vests.
2028-12-04	Expiration date for a stock option grant ($6.11 exercise price, 10,066 shares) that vests based on financial milestones.
2029-01-01	Remaining 25% of a 22,100 RSU grant vests. 25% of a 25,750 RSU grant vests.
2030-01-01	Remaining 25% of a 25,750 RSU grant vests.
2030-12-01	Expiration date for a stock option grant ($9.46 exercise price, 1,275 shares).
2030-12-07	Expiration date for a stock option grant ($22.2 exercise price, 2,096 shares) and another stock option grant ($22.2 exercise price, 4,644 shares) that vests based on financial milestones.
2032-12-23	Expiration date for a stock option grant ($14 exercise price, 7,003 shares) and another stock option grant ($14 exercise price, 16,640 shares) that vests based on financial milestones.
2033-12-22	Expiration date for a stock option grant ($17.31 exercise price, 11,390 shares) and another stock option grant ($17.31 exercise price, 15,620 shares) that vests based on financial milestones.
2034-10-30	Expiration date for a stock option grant ($21.62 exercise price, 18,700 shares) and another stock option grant ($21.62 exercise price, 18,700 shares) that vests based on financial milestones.
2035-10-29	Expiration date for a stock option grant ($23.52 exercise price, 24,800 shares) and another stock option grant ($23.52 exercise price, 24,800 shares) that vests based on financial milestones.

Keywords

Liquidity Services, LQDT, John Daunt, SEC Form 4, Insider Transaction, Common Stock, Restricted Stock Units, Stock Options, Beneficial Ownership, Family Trust, Gift

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