[Form 3] Liquidity Services, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Liquidity Services Inc. (LQDT) – Form 3 filing

On 06/24/2025, Liquidity Services Inc. filed an Initial Statement of Beneficial Ownership (Form 3) for Paul J. Hennessy. The report identifies Mr. Hennessy as a Director and states that, as of the event date 06/16/2025, he owns no shares or derivative securities of the company. Table I and Table II list zero holdings, and the explanatory note reiterates “No securities are beneficially owned.” The document was signed by Mark A. Shaffer under power of attorney.

This low-complexity disclosure fulfills Section 16(a) of the Exchange Act, establishing a baseline for future insider transactions. Given the absence of any reported ownership, the filing is procedurally important but has negligible immediate financial impact for investors.

Insights

Corporate Governance Expert

TL;DR: Director Paul J. Hennessy reports zero LQDT holdings; routine governance disclosure, negligible market impact.

The Form 3 confirms Mr. Hennessy’s director status and satisfies Section 16(a) reporting duties. Because no shares, options, or other derivatives are listed, investors receive no insider-alignment signal—positive or negative. The filing mainly sets a reference point; any future Form 4 will show changes against this zero baseline. Overall, the disclosure is standard, transparent, and financially immaterial, warranting a neutral assessment.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Hennessy Paul J.

(Last) (First) (Middle)

6931 ARLINGTON ROAD

SUITE 460

(Street)

BETHESDA MD 20814

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/16/2025

3. Issuer Name and Ticker or Trading Symbol
LIQUIDITY SERVICES INC [ LQDT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

The reporting person does not beneficially own any securities of the issuer.

No securities are beneficially owned.

	/s/ Mark A. Shaffer, by power of attorney	06/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who is the reporting person in the LQDT Form 3?

The filing lists Paul J. Hennessy as the reporting person.

What is Paul J. Hennessy’s relationship to Liquidity Services (LQDT)?

Box checked indicates he is a Director of the company.

Does Paul J. Hennessy own any LQDT securities according to the Form 3?

No. The explanatory note states “No securities are beneficially owned.”

What is the event date that triggered this Form 3 filing?

The event date is 06/16/2025.

When was the Form 3 for LQDT signed and filed?

It was signed and filed on 06/24/2025.

What is the purpose of a Form 3?

It is the Initial Statement of Beneficial Ownership required under Section 16(a) of the Exchange Act to disclose insider holdings.