Form 4: Liquidity Services Inc. Executive Reports Stock Transactions
SEC Form 4
Mark A. Shaffer, VP, Gen. Counsel & Secretary of Liquidity Services Inc., reports transactions involving common stock and restricted stock units.
Summary
- Mark A. Shaffer, VP, Gen. Counsel & Secretary of Liquidity Services Inc., filed a Form 4 detailing changes in beneficial ownership.
- On January 17, 2025, Shaffer reported the vesting of 3,488 restricted stock units, resulting in the issuance of 2,366 shares of common stock after withholding 1,122 shares for federal and state taxes.
- Shaffer also reported holding various restricted stock unit grants that vest on different dates, some contingent on the Issuer's achievement of certain financial milestones.
- Additionally, Shaffer holds multiple stock option grants with varying exercise prices and expiration dates, some of which are also contingent on the Issuer's achievement of certain financial milestones.
- Following the reported transactions, Shaffer directly owns various restricted stock units and stock options, and indirectly owns 49,833 shares of common stock through The Mark A. Shaffer Revocable Trust.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an officer, with no clear positive or negative implications for the company's overall performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 01/01/2022 | 12/48th of stock option grant vested, with 1/48th vesting monthly for 36 months. |
| 01/01/2023 | 12/48th of stock option grant vested, with 1/48th vesting monthly for 36 months. |
| 01/01/2024 | 12/48th of stock option grant vested, with 1/48th vesting monthly for 36 months. |
| 01/01/2025 | 12/48th of stock option grant will vest, with 1/48th vesting monthly for 36 months. |
| 01/17/2025 | Date of reported transaction: Vesting of restricted stock units and issuance of common stock. |
| 01/01/2026 | Twenty-five percent of restricted stock unit grant vests. |
| 01/01/2026 | 12/48th of stock option grant will vest, with 1/48th vesting monthly for 36 months. |
| 01/01/2027 | Twenty-five percent of restricted stock unit grant vests. |
| 01/01/2028 | Twenty-five percent of restricted stock unit grant vests. |
| 01/01/2029 | Twenty-five percent of restricted stock unit grant vests. |
| 12/01/2030 | Expiration date of a stock option grant. |
| 12/07/2031 | Expiration date of a stock option grant. |
| 12/23/2032 | Expiration date of a stock option grant. |
| 12/22/2033 | Expiration date of a stock option grant. |
| 10/30/2034 | Expiration date of a stock option grant. |
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