4/A: Liquidity Services SVP Steven Weiskircher Corrects Beneficial Ownership Report

Steven Weiskircher, SVP & Chief Technology Officer of Liquidity Services, files an amended Form 4/A to correct an error in the original filing regarding option exercises and share surrenders.

Summary

• Steven Weiskircher, SVP & Chief Technology Officer of Liquidity Services, filed an amended Form 4/A on November 01, 2024, to correct an error in the original Form 4 filed on December 20, 2021.
• The amendment addresses the omission of 14,947 stock options exercised on December 16, 2021, at a price of $6.69.
• To cover the costs and taxes associated with the option exercise, Weiskircher surrendered 4,678 shares to the issuer, with a market value of $100,015.64.
• Following the reported transactions, Weiskircher beneficially owns 91,610 shares of common stock directly and 33,303 stock options.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a previous error. While the error itself isn't positive, the correction is a necessary step for compliance and transparency.

Negatives

• The original Form 4 filed on December 20, 2021, was incomplete, requiring an amendment.

Risks

• Failure to accurately report transactions in a timely manner can lead to regulatory scrutiny.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for all publicly traded companies in the United States.
• Similar filings are made by executives at companies like eBay and Amazon when they exercise stock options or trade company shares.
• The level of detail required in these filings is consistent across all companies to ensure fair market practices.

Stakeholder Impact

• Shareholders benefit from accurate and transparent reporting of insider transactions.

Key Dates