Form 4: Liquidity Services SVP & Chief Technology Officer Steven Weiskircher Reports Stock Transactions
SEC Form 4
Steven Weiskircher, SVP & Chief Technology Officer of Liquidity Services, Inc., reports multiple transactions involving common stock, including acquisitions through option exercises and disposals through sales, impacting his beneficial ownership.
Summary
- Steven Weiskircher, a senior officer at Liquidity Services, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On August 20, 2024, Weiskircher exercised stock options to acquire 3,411 shares at $6.69 and 8,042 shares at $9.46.
- Also on August 20, 2024, he sold 500 shares at $22 and 4,424 shares at $22.36.
- On August 21, 2024, he exercised options to acquire 1,329 shares at $9.46 and 906 shares at $9.46.
- He also sold 1,329 shares at $22, 906 shares at $21.8, and 3,384 shares at $22 on the same day.
- On August 22, 2024, Weiskircher sold 880 shares at $21.8.
- Following these transactions, Weiskircher's direct ownership stands at 100,142 shares of common stock.
- The report also details Weiskircher's holdings of restricted stock units and stock options with varying vesting schedules and exercise prices.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their trading activities and ownership positions. This filing is specific to an individual officer's transactions and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
- The transactions do not appear to have any impact on employees, customers, suppliers or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/01/2021 | 12/48th of stock option grant vested |
| 01/01/2022 | 25% of restricted stock unit grant vested; 12/48th of stock option grant vested |
| 01/01/2023 | 25% of restricted stock unit grant will vest; 12/48th of stock option grant will vest |
| 01/01/2024 | 25% of restricted stock unit grant will vest; 12/48th of stock option grant will vest; 25% of restricted stock unit grant will vest |
| 01/01/2025 | 25% of restricted stock unit grant will vest; 12/48th of stock option grant will vest; 25% of restricted stock unit grant will vest |
| 01/01/2026 | 25% of restricted stock unit grant will vest; 25% of restricted stock unit grant will vest; 25% of restricted stock unit grant will vest |
| 01/01/2027 | 25% of restricted stock unit grant will vest; 25% of restricted stock unit grant will vest |
| 01/01/2028 | 25% of restricted stock unit grant will vest |
| 12/03/2029 | Expiration date of stock options |
| 12/01/2030 | Expiration date of stock options |
| 12/07/2031 | Expiration date of stock options |
| 12/23/2032 | Expiration date of stock options |
| 12/22/2033 | Expiration date of stock options |
| 08/20/2024 | Earliest transaction date; stock options exercised and shares sold |
| 08/21/2024 | Stock options exercised and shares sold |
| 08/22/2024 | Shares sold |
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