Jorge Celaya, Executive Vice President and Chief Financial Officer of Liquidity Services, Inc. (NASDAQ:LQDT), filed a Form 4 on August 25, 2026, disclosing two restricted stock unit vesting transactions that occurred on August 21, 2026.

Key Highlights

  • First vesting transaction: 2,677 restricted stock units vested; 1,310 shares were withheld by the issuer to cover tax obligations, resulting in a net issuance of 1,367 shares acquired at $0.
  • Second vesting transaction: 2,050 restricted stock units vested; 1,003 shares were withheld by the issuer for taxes, resulting in a net issuance of 1,047 shares acquired at $0.
  • Beneficial ownership after transactions: Celaya indirectly held 69,309 shares of Common Stock through the Jorge Celaya Revocable Trust following both transactions.
  • Performance-based RSUs: The vested RSU grants carried milestone-based vesting conditions tied to the issuer's achievement of certain financial milestones, according to the filing.
  • Remaining derivative holdings: Celaya retains multiple stock option grants with exercise prices ranging from $9.46 to $23.52, as well as several RSU grants with vesting dates extending to January 1, 2030.
  • Signing authority: The form was signed by Mark A. Shaffer, by power of attorney, on August 25, 2026.

RSU Vesting and Share Withholding Details for Liquidity Services CFO

According to the filing, both transactions on August 21, 2026, used transaction code "M," indicating the exercise or conversion of derivative securities. For the first transaction, 2,677 restricted stock units converted to common stock, but the issuer withheld 1,310 shares to satisfy federal and state withholding tax obligations, leaving Celaya with a net acquisition of 1,367 shares. Following this transaction, indirect beneficial ownership through the Jorge Celaya Revocable Trust stood at 68,262 shares.

The second transaction involved 2,050 restricted stock units, from which 1,003 shares were withheld for taxes, yielding a net issuance of 1,047 shares. After this transaction, the Trust's total indirect beneficial ownership increased to 69,309 shares. Both vesting events carried a price of $0 per share, consistent with standard RSU vesting. The filing notes that both RSU grants were subject to vesting "based on the Issuer's achievement of certain financial milestones."

The filing also details an extensive portfolio of remaining derivative securities held by Celaya, including five stock option grants with exercise prices of $9.46, $14, $17.31, $21.62, and $23.52, as well as additional performance-based and time-based RSU grants with unvested tranches. Vesting schedules for these remaining grants extend as far as January 1, 2030, according to the filing's explanation of responses.

What Was Disclosed

Jorge Celaya, EVP and CFO of Liquidity Services, Inc. (NASDAQ:LQDT), reported two RSU vesting events on August 21, 2026, resulting in a combined net issuance of 2,414 shares after tax withholding, bringing indirect beneficial ownership through his revocable trust to 69,309 shares.