William P. Angrick III, Chairman of the Board and CEO of Liquidity Services, Inc. (NASDAQ:LQDT), filed a Form 4 on August 25, 2026, reporting two restricted stock unit conversions transacted on August 21, 2026.

Key Highlights

  • Two RSU conversions: Angrick converted 6,163 and 6,305 restricted stock units into common stock on August 21, 2026, both at a price of $0.
  • Indirect ownership following transactions: Beneficially owned shares held by the William P. Angrick III Revocable Trust reached 5,120,106 after the first conversion, then 5,126,411 after the second.
  • Additional indirect holdings: The filing also reports 873,379 shares held by the William P. Angrick III 2005 Irrevocable Trust, 575,513 shares by the Stephanie S. Angrick 2005 Irrevocable Trust, and 114,699 shares by the Stephanie S. Angrick Revocable Trust.
  • Disclaimer of beneficial ownership: According to the filing, Angrick disclaims beneficial ownership of all shares held in the listed trusts, and "the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose."
  • Performance-based vesting: The remaining RSU grants will vest, if at all, based on the issuer's achievement of certain financial milestones, according to the filing.
  • Extensive option holdings: The filing discloses numerous stock option grants with exercise prices ranging from $4.92 to $25.87, held directly by Angrick.

Angrick's RSU Conversions and Beneficial Ownership at Liquidity Services

According to the Form 4 filed August 25, 2026, William P. Angrick III, who serves as Chairman of the Board and CEO and is identified as a director, officer, and 10% owner of Liquidity Services, Inc., reported two transactions coded "M" on August 21, 2026. Transaction code M indicates the conversion of derivative securities into underlying shares. The first conversion involved 6,163 restricted stock units acquired at $0, and the second involved 6,305 restricted stock units also acquired at $0. Both sets of shares are held indirectly through the William P. Angrick III Revocable Trust.

The filing notes that each restricted stock unit "is the economic equivalent of one share of Liquidity Services, Inc. Common Stock." The RSU grants from which these conversions originated were subject to vesting based on the issuer's achievement of certain financial milestones, per the filing's explanation of responses. Following the reported transactions, the revocable trust holds 5,126,411 shares of common stock. Additional shares are reported held indirectly through three other trusts, with the filing including disclaimers that Angrick does not admit beneficial ownership of those securities for Section 16 or any other purpose.

Table II of the filing discloses a broad array of remaining derivative securities held directly by Angrick, including multiple restricted stock unit grants with vesting dates ranging from January 1, 2027 through January 1, 2030, and stock option grants with exercise prices from $4.92 to $25.87 and expiration dates extending to October 29, 2035. The filing was signed by Mark A. Shaffer by power of attorney on August 25, 2026.

What Was Disclosed

The Form 4 discloses two RSU-to-common-stock conversions by Liquidity Services CEO William P. Angrick III on August 21, 2026, both at $0 price, resulting in indirect beneficial ownership of 5,126,411 shares through his revocable trust, along with a detailed inventory of remaining options and RSUs.