CFO Jorge Celaya sells 22,721 shares at blended avg $35.74 for $812,152.87; retains 66,895 shares plus 72,700 derivative holdings
Jorge Celaya executed 7 separate sales totaling 22,721 shares for $812,152.87 across three trading days (May 26–28, 2026), reducing his non-derivative holdings by 25.4%. The blended average transaction price of $35.74 sits slightly below the current price of $36.33 and is 6.4% below the 52-week high of $38.83. At the same-ticker level, Celaya's 5 prior sales at LQDT show mixed timing outcomes: 3 were well-timed (90-day declines), but 2 were poorly timed (90-day gains of +1.0% and +3.0% respectively). His 30-day returns after prior LQDT sells ranged from +4.8% to -15.6%, showing no consistent directional pattern. The company's fundamentals remain solid—revenue growth of +31.2% year-over-year and a strong quarterly net income of $7,522,000—though the P/E of 37.45 reflects elevated valuation expectations. Celaya retains substantial economic exposure through derivative securities totaling 72,700 shares across five option grants, suggesting the sale represents a partial liquidation rather than a wholesale de-risking.