The scale and concentration of selling by the CEO — the most influential insider — suggests caution ahead of upcoming earnings or strategic announcements. Traders should watch for downward pressure on the stock and monitor for follow-up filings that might indicate further divestment.
Price Chart
Executive Summary
CEO William Angrick sold $1.41M worth of shares in an open-market transaction, while Chief Human Resources Officer Murray Novelette exercised options on 3,531 shares and sold 610 shares for $19,215. The cluster is dominated by the CEO's material sale, representing a significant portion of recent insider activity.
Key Financial Metrics
Key Facts
- CEO William Angrick sold 44,115 shares at $32, generating $1,411,680 in proceeds.
- CHRO Murray Novelette exercised derivative securities for 3,531 shares (two tranches) and sold 610 shares for $19,215.
- Total open-market sales in the cluster: $1,430,895.
- All transactions occurred within a 3-day window, with the CEO's sale accounting for 98.7% of total dollar volume.
- The CEO's sale represents approximately 0.16% of LQDT's $906M market cap — above the 0.1% threshold for notable insider selling.
Financial Impact
$1.43 million in open-market insider sales over 7 days, led by CEO selling $1.41 million
Risk Factors
- CEO selling may signal lack of confidence in near-term prospects or valuation concerns.
- Concentration of selling activity increases perception of insider pessimism despite non-cash option exercises also occurring.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (4 trades, 7d window) | cluster-LQDT-1773434812599 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 25d ago | Press Release | $43.23 $43.13 | ▼ −0.23% | ▼ −1.39% | $44.85 (+3.75%) |
Aug 6, 2026 11w ago | 8-K | $42.01 $42.94 | ▲ +2.21% | ▲ +1.00% | $44.85 (+6.76%) |
Jul 7, 2026 15w ago | Press Release | $38.03 $38.93 | ▲ +2.37% | ▲ +1.82% | $44.85 (+17.93%) |
Jul 7, 2026 15w ago | 8-K | $38.03 $38.93 | ▲ +2.37% | ▲ +1.82% | $44.85 (+17.93%) |
Jun 26, 2026 17w ago | 8-K | $39.09 $38.38 | ▼ −1.83% | ▼ −3.22% | $44.85 (+14.74%) |
Jun 26, 2026 17w ago | Insider Cluster | $39.09 $38.38 | ▼ −1.83% | ▼ −3.22% | $44.85 (+14.74%) |
Jun 11, 2026 19w ago | Institutional Cluster | $37.94 $36.54 | ▲ +3.69% | ▲ +4.12% | $44.85 (−18.21%) |
May 28, 2026 21w ago | Insider Cluster | $36.21 $37.23 | ▲ +2.82% | ▲ +5.34% | $44.85 (+23.86%) |
May 27, 2026 21w ago | Insider Cluster | $36.33 $36.94 | ▲ +1.68% | ▲ +1.36% | $44.85 (+23.45%) |
May 26, 2026 21w ago | Insider Cluster | $36.06 $36.14 | ▲ +0.22% | ▼ −0.25% | $44.85 (+24.38%) |
US Market Status
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