This cluster shows no concerning insider behavior. Director sales post-earnings at small dollar amounts are common for diversification. The CEO and other officers exercising options for shares (net-zero cash) is standard practice. Monitor the next 10-Q for any deterioration, but these insider trades do not warrant action.
Price Chart
Executive Summary
A director sold $239K of LQDT stock post-earnings, and the VP/General Counsel sold $30K, totaling $269K in insider sales. The CEO and other executives exercised vested options for net-zero cost, which is routine. The aggregate insider sales (~$269K, or ~0.03% of market cap) are trivial relative to LQDT's $1.0B market cap, but they cluster with the recent strong earnings report (GMV +6%, Adj. EBITDA +37%) and draw from the same mid-May window as planned option exercises, suggesting routine portfolio rebalancing rather than a bearish signal.
Key Financial Metrics
Key Facts
- Director Mateus-Tique sold 6,925 shares at ~$34.52, totaling ~$239K.
- VP/Gen Counsel Shaffer sold 874 shares at ~$34.62, totaling ~$30K.
- Total cluster sales value is ~$269K (~0.03% of LQDT's $1.0B market cap).
- CEO Angrick, CFO Celaya, CTO Weiskircher, EVP Daunt, and CHRO Murray all exercised vested options with zero-cost derivative conversions the same week — routine non-cash events.
- Earnings (filed 5/7) showed GMV +6% YoY to $389.9M, GAAP net income +7%, Adj. EBITDA +37%. The stock traded ~$33-35 post-earnings — near the insider sale prices.
Financial Impact
$269K in open-market sales — trivial (0.03% of $1.0B market cap)
Risk Factors
- Insider sales are small and not indicative of a material directional view — risk of over-interpretation is low.
- No material risks identified from this filing alone.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-LQDT-1779136486519 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 24d ago | Press Release | $43.23 $43.13 | ▼ −0.23% | ▼ −1.39% | $45.45 (+5.14%) |
Aug 6, 2026 11w ago | 8-K | $42.01 $42.94 | ▲ +2.21% | ▲ +1.00% | $45.45 (+8.19%) |
Jul 7, 2026 15w ago | Press Release | $38.03 $38.93 | ▲ +2.37% | ▲ +1.82% | $45.45 (+19.51%) |
Jul 7, 2026 15w ago | 8-K | $38.03 $38.93 | ▲ +2.37% | ▲ +1.82% | $45.45 (+19.51%) |
Jun 26, 2026 17w ago | 8-K | $39.09 $38.38 | ▼ −1.83% | ▼ −3.22% | $45.45 (+16.27%) |
Jun 26, 2026 17w ago | Insider Cluster | $39.09 $38.38 | ▼ −1.83% | ▼ −3.22% | $45.45 (+16.27%) |
Jun 11, 2026 19w ago | Institutional Cluster | $37.94 $36.54 | ▲ +3.69% | ▲ +4.12% | $45.45 (−19.79%) |
May 28, 2026 21w ago | Insider Cluster | $36.21 $37.23 | ▲ +2.82% | ▲ +5.34% | $45.45 (+25.52%) |
May 27, 2026 21w ago | Insider Cluster | $36.33 $36.94 | ▲ +1.68% | ▲ +1.36% | $45.45 (+25.10%) |
May 26, 2026 21w ago | Insider Cluster | $36.06 $36.14 | ▲ +0.22% | ▼ −0.25% | $45.45 (+26.04%) |
US Market Status
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