Celaya Jorge, EVP and Chief Financial Officer of Liquidity Services (LQDT), has filed 55 Form 4 transactions, all in that single company. The pattern is strictly one-directional on the open market: zero purchases against $2,204,648.71 in total sales. None of his recent activity includes an open-market buy, and his last eight trades are all sells or option exercises tied to them.
The most recent cluster, dated August 21, 2026, consists of four option exercises (code M) with no associated cash value. The selling action is concentrated in June and late May. On June 10, he sold shares worth $73,910 and $17,632, paired with exercises valued at $27,230 and $6,496. A June 4 transaction shows a sale of $143,152.92 against an exercise of $36,345.32. June 1 was the heaviest day, with four separate sales totaling $366,122.13, each matched by an exercise. On May 28, he sold $82,735.92 worth of stock alongside a $21,597.18 exercise.
The sell amounts are small relative to the total, which suggests the bulk of the $2.2 million came from earlier filings not in the recent window. Every open-market sale (code S) is paired with a same-day option exercise (code M). That mechanical pairing means the shares sold were just exercised, so the cash proceeds reflect the spread between the exercise price and the market price, not a outright disposal of long-held stock. The absence of any code P transaction, which the filing legend identifies as the only code showing conviction, means Jorge has not put new cash into LQDT shares over the period covered.
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