Form 4: Liquidity Services SVP & Chief Technology Officer Steven Weiskircher Reports Changes in Beneficial Ownership
SEC Form 4
Steven Weiskircher, SVP & Chief Technology Officer of Liquidity Services, reports transactions involving common stock and derivative securities, including acquisitions and disposals, on February 10-12, 2025.
Summary
- Steven Weiskircher, the SVP & Chief Technology Officer of Liquidity Services, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On February 10, 2025, Weiskircher sold 10,000 shares of common stock at $34.01 per share and acquired 1,005 shares through option exercise at $9.46 per share, 516 shares at $22.20 per share, and 468 shares at $14.00 per share.
- He also surrendered 815 shares with a market value of $27,547 to cover the cost and taxes associated with exercising these stock options.
- On February 11, 2025, Weiskircher sold 10,000 shares at $34.06 per share, acquired 1,089 shares through option exercise at $17.31 per share, sold 1,089 shares at $34.15 per share, acquired 976 shares through option exercise at $22.20 per share, sold 976 shares at $34.22 per share, acquired 375 shares through option exercise at $14.00 per share, and sold 375 shares at $34.22 per share.
- On February 12, 2025, Weiskircher sold 5,000 shares at $35.26 per share.
- These transactions resulted in a change in Weiskircher's directly held common stock from 58,401 to 44,575 shares.
- The report also details the vesting schedules and terms of various restricted stock unit grants and stock option grants held by Weiskircher.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, 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
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/01/2023 | Vesting start date for some restricted stock units. |
| 01/01/2024 | Vesting start date for some restricted stock units and stock options. |
| 01/01/2025 | Options became fully exercisable and vesting start date for some restricted stock units and stock options. |
| 01/01/2026 | Vesting date for some restricted stock units and stock options. |
| 01/01/2027 | Vesting date for some restricted stock units. |
| 01/01/2028 | Vesting date for some restricted stock units. |
| 01/01/2029 | Vesting date for some restricted stock units. |
| 12/01/2030 | Expiration date for some stock options. |
| 12/07/2031 | Expiration date for some stock options. |
| 12/23/2032 | Expiration date for some stock options. |
| 12/22/2033 | Expiration date for some stock options. |
| 10/30/2034 | Expiration date for some stock options. |
| 02/10/2025 | Date of multiple transactions involving common stock and stock options. |
| 02/11/2025 | Date of multiple transactions involving common stock and stock options. |
| 02/12/2025 | Date of common stock sale. |
Keywords
Form 4, Beneficial Ownership, Liquidity Services, LQDT, Stock Options, Restricted Stock Units, Insider Trading, Securities Exchange Act
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