John Daunt, EVP and Chief Commercial Officer of Liquidity Services, Inc. (NASDAQ:LQDT), filed a Form 4 on November 4, 2026, disclosing option exercises and open-market sales of common stock totaling 715 shares on November 2, 2026, all held indirectly through The Daunt Family Trust.

Key Highlights

  • First exercise and sale: Daunt exercised 325 stock options at $17.31 per share and sold 325 shares at $44.71 per share on November 2, 2026.
  • Second exercise and sale: Daunt exercised 390 stock options at $21.62 per share and sold 390 shares at $44.71 per share on the same date.
  • Indirect ownership: All transactions were conducted through The Daunt Family Trust, with post-transaction indirect beneficial ownership of 38,086 shares of common stock.
  • Rule 10b5-1 plan: The filing indicates the transactions were made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
  • Remaining derivative holdings: Daunt holds multiple stock option grants and restricted stock unit grants directly, including options with exercise prices ranging from $6.11 to $23.52 and RSU grants with vesting dates through January 1, 2030.

Daunt Family Trust Transactions in Liquidity Services Common Stock

According to the filing, John Daunt, identified as EVP and Chief Commercial Officer of Liquidity Services, Inc., reported two pairs of option exercise and sale transactions on November 2, 2026. In the first pair, 325 shares were acquired via an option exercise coded "M" at a price of $17.31 per share, followed immediately by a sale coded "S" of 325 shares at $44.71 per share. In the second pair, 390 shares were acquired via exercise at $21.62 per share and sold at $44.71 per share. All four transactions were conducted indirectly through The Daunt Family Trust.

After the reported transactions, the filing states that Daunt's indirect beneficial ownership through The Daunt Family Trust stood at 38,086 shares of common stock. The filing checked the box indicating these transactions were made pursuant to a written plan under Rule 10b5-1(c).

In Table II, the filing discloses a substantial portfolio of derivative securities held directly by Daunt. These include stock option grants with exercise prices of $9.46, $22.20, $14.00, $17.31, $21.62, $23.52, $6.11, $22.20, $14.00, $17.31, $21.62, and $23.52, as well as multiple restricted stock unit grants covering common stock. Following the two option exercises reported, the remaining balances on those specific grants are listed as 10,016 and 13,465 options, respectively. Several RSU grants and option grants vest based on the issuer's achievement of certain financial milestones, according to the filing's explanations of responses.

What Was Disclosed

John Daunt, EVP and Chief Commercial Officer, disclosed the exercise of 715 stock options and the same-day sale of 715 shares at $44.71 each on November 2, 2026, all through The Daunt Family Trust under a Rule 10b5-1 plan, leaving 38,086 shares held indirectly.