Form 4: Liquidity Services CEO Angrick Reports Changes in Beneficial Ownership

William P. Angrick III, Chairman and CEO of Liquidity Services, reports transactions involving common stock and derivative securities, including restricted stock units and stock options, held directly and indirectly through trusts.

Summary

• William P. Angrick III, Chairman and CEO of Liquidity Services, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The reported transactions include the acquisition and disposition of common stock and derivative securities, such as restricted stock units and stock options.
• Angrick holds shares both directly and indirectly through the William P. Angrick III 2005 Irrevocable Trust and the Stephanie S. Angrick 2005 Irrevocable Trust.
• The transactions on February 25, 2025, involved the vesting of 13,664 and 12,327 restricted stock units, resulting in the acquisition of common stock.
• Following the reported transactions, Angrick beneficially owns 5,071,587 shares indirectly through the William P. Angrick III 2005 Irrevocable Trust and 575,513 shares indirectly through the Stephanie S. Angrick 2005 Irrevocable Trust.
• He also directly holds various stock options with exercise prices ranging from $4.92 to $24.42 and expiration dates extending to 2034.
• Some stock options become exercisable based on the Issuer's achievement of certain financial milestones.
• Certain restricted stock units vest over time, with portions vesting annually on January 1st of each year.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting transactions. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in the CEO's holdings of Liquidity Services stock and related derivatives.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CEO's stake in the company.
• It offers insights into executive compensation and alignment with shareholder interests.

Key Dates