Form 4: Liquidity Services Director Sells Shares, Receives RSU Grant

Liquidity Services Director Jaime Mateus-Tique reported selling 10,000 shares of common stock and receiving a grant of 4,928 restricted stock units.

Summary

• Director Jaime Mateus-Tique reported transactions in Liquidity Services Inc. common stock and derivative securities.
• Sold 10,000 shares of common stock at a price of $27.44 per share on August 22, 2025, pursuant to a Rule 10b5-1 trading plan.
• Received a grant of 4,928 Restricted Stock Units (RSUs), with each unit being the economic equivalent of one share of common stock.
• These granted RSUs are scheduled to vest one year from the grant date, on March 1, 2026.
• Following these reported transactions, direct beneficial ownership of common stock is 12,966 shares.
• Direct beneficial ownership of derivative securities (RSUs) is 4,928 units.
• Indirect beneficial ownership includes 174,562 shares held by the Em El 2007 Irrevocable Trust, 163,208 shares by the Jaime Mateus-Tique 2005 Irrevocable Trust, and 100,000 shares by the reporting person's spouse.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving both a sale of shares and a grant of restricted stock units. The sale was conducted under a Rule 10b5-1 plan, suggesting it was pre-scheduled and not necessarily indicative of a change in sentiment. The RSU grant aligns the director's future incentives with the company. Overall, the information is neutral in its immediate impact on company outlook.

Positives

• The reporting person received a grant of 4,928 Restricted Stock Units, aligning their interests with the company's long-term performance and shareholder value.
• The RSU grant demonstrates continued compensation and retention of a key director, which can be a positive signal for corporate stability.

Negatives

• The reporting person sold 10,000 shares of common stock, which could be interpreted as a move for personal liquidity or diversification.

Future Outlook

The 4,928 Restricted Stock Units granted to the director are scheduled to vest on March 1, 2026, indicating a future alignment of interests with the company's performance.

Industry Context

This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitor activities. It reflects individual compensation and investment decisions within the company's leadership.

Stakeholder Impact

• Shareholders: The sale of shares by a director could be viewed as a minor signal, but the pre-planned nature (10b5-1) and simultaneous RSU grant mitigate any negative interpretation. The RSU grant aligns the director's long-term interests with shareholder value.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• The 4,928 Restricted Stock Units are expected to vest on March 1, 2026.

Key Dates

Keywords

LQDT, Liquidity Services, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, Director, Beneficial Ownership