Liquidity Services (NASDAQ: LQDT) CEO trust reports 50K-share stock sale

Rhea-AI Filing Summary

Liquidity Services Inc. Chairman and CEO William P. Angrick III reported that the William P. Angrick III Revocable Trust sold a total of 50,000 shares of Common Stock in open-market transactions, consisting of 44,115 shares at $32.00 per share on March 9, 2026 and 5,885 shares at $32.05 per share on March 6, 2026. After these sales, the trust continued to hold 5,216,333 shares indirectly. The filing also lists a range of outstanding restricted stock unit and stock option awards tied to Liquidity Services common stock, many of which vest or remain exercisable over future years.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Angrick William P III

(Last) (First) (Middle)

C/O LIQUIDITY SERVICES, INC.

6931 ARLINGTON ROAD, SUITE 460

(Street)

BETHESDA MD 20814

(City) (State) (Zip)

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

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman of the Board and CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/06/2026		S		5,885	D	$32.05	5,260,448	I	By the William P. Angrick III Revocable Trust(14)
Common Stock	03/09/2026		S		44,115	D	$32	5,216,333	I	By the William P. Angrick III Revocable Trust(14)
Common Stock								873,379	I	By the William P. Angrick III 2005 Irrevocable Trust(14)
Common Stock								575,513	I	By the Stephanie S. Angrick 2005 Irrevocable Trust(1)
Common Stock								114,699	I	By the Stephanie S. Angrick Revocable Trust(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit Grant	(2)							(15)	01/01/2027	Common Stock	17,080		17,080	D
Restricted Stock Unit Grant	(2)							(16)	01/01/2028	Common Stock	30,817		30,817	D
Restricted Stock Unit Grant	(2)							(13)	01/01/2029	Common Stock	47,287		47,287	D
Restricted Stock Unit Grant	(2)							(18)	01/01/2030	Common Stock	80,550		80,550	D
Restricted Stock Unit Grant	(2)							(5)	01/01/2027	Common Stock	12,327		12,327	D
Restricted Stock Unit Grant	(2)							(5)	01/01/2029	Common Stock	44,135		44,135	D
Restricted Stock Unit Grant	(2)							(5)	01/01/2030	Common Stock	80,550		80,550	D
Stock Option Grant	$9.13							(6)	03/03/2027	Common Stock	38,000		38,000	D
Stock Option Grant	$9.13							(3)	03/03/2027	Common Stock	27,360		27,360	D
Stock Option Grant	$4.92							(7)	12/11/2027	Common Stock	68,938		68,938	D
Stock Option Grant	$6.72							(3)	12/04/2028	Common Stock	124,200		124,200	D
Stock Option Grant	$6.72							(8)	12/04/2028	Common Stock	105,247		105,247	D
Stock Option Grant	$7.36							(3)	12/03/2029	Common Stock	139,900		139,900	D
Stock Option Grant	$7.36							(10)	12/03/2029	Common Stock	124,401		124,401	D
Stock Option Grant	$10.41							(3)	12/01/2030	Common Stock	131,950		131,950	D
Stock Option Grant	$10.41							(19)	12/01/2030	Common Stock	120,692		120,692	D
Stock Option Grant	$24.42							(3)	12/07/2031	Common Stock	56,615		56,615	D
Stock Option Grant	$24.42							(4)	12/07/2031	Common Stock	56,615		56,615	D
Stock Option Grant	$15.4							(3)	12/23/2032	Common Stock	53,125		53,125	D
Stock Option Grant	$15.4							(11)	12/23/2032	Common Stock	53,125		53,125	D
Stock Option Grant	$19.04							(3)	12/22/2033	Common Stock	50,170		50,170	D
Stock Option Grant	$19.04							(12)	12/22/2033	Common Stock	50,170		50,170	D
Stock Option Grant	$23.78							(9)	10/30/2034	Common Stock	53,550		53,550	D
Stock Option Grant	$23.78							(3)	10/30/2034	Common Stock	53,550		53,550	D
Stock Option Grant	$25.87							(17)	10/29/2035	Common Stock	71,550		71,550	D
Stock Option Grant	$25.87							(3)	10/29/2035	Common Stock	71,550		71,550	D

Explanation of Responses:

1. These shares are held in a trust for the benefit of the reporting person's spouse, who is also trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.

2. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.

3. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.

4. These options became fully exercisable on January 1, 2026.

5. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.

6. These options became fully exercisable on October 1, 2020.

7. These options became fully exercisable on October 1, 2021.

8. These options became fully exercisable on October 1, 2022.

9. 12/48th of this option grant will vest on January 1, 2026, and, thereafter, an additional 1/48th will vest each month for thirty-six months.

10. These options became fully exercisable on January 1, 2024.

11. 12/48th of this option grant vested on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.

12. 12/48th of this option grant vested on January 1, 2025 and thereafter, an additional 1/48th will vest each month for thirty-six months.

13. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2026, January 1, 2027, January 1, 2028 and January 1, 2029.

14. These shares are held in a trust for the benefit of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.

15. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2024, January 1, 2025, January 1, 2026 and January 1, 2027.

16. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2025, January 1, 2026, January 1, 2027 and January 1, 2028.

17. 12/48th of this option grant will vest on January 1, 2027, and, thereafter, an additional 1/48th will vest each month for thirty-six months.

18. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2027, January 1, 2028, January 1, 2029 and January 1, 2030.

19. These options became fully exercisable on January 1, 2025.

	/s/ Mark A. Shaffer, by power of attorney	03/10/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did Liquidity Services (LQDT) disclose in this Form 4?

Liquidity Services disclosed that a trust associated with CEO William P. Angrick III sold 50,000 shares of Common Stock in open-market trades around $32 per share. These transactions were reported as indirect ownership changes through the William P. Angrick III Revocable Trust.

How many Liquidity Services (LQDT) shares did the CEO’s trust sell and at what prices?

The William P. Angrick III Revocable Trust sold 44,115 Liquidity Services shares at $32.00 on March 9, 2026 and 5,885 shares at $32.05 on March 6, 2026, totaling 50,000 shares in open-market transactions reported on this Form 4.

How many Liquidity Services (LQDT) shares does the CEO’s revocable trust hold after the sale?

Following the reported sales, the William P. Angrick III Revocable Trust continued to hold 5,216,333 shares of Liquidity Services Common Stock indirectly. This figure reflects the trust’s position after the 50,000 shares were sold in the March 2026 open-market transactions.

Are the sold Liquidity Services (LQDT) shares held directly by the CEO or through an entity?

The 50,000 Liquidity Services shares were held and sold indirectly through the William P. Angrick III Revocable Trust, rather than directly by William P. Angrick III. The Form 4 classifies these holdings as indirect ownership by the trust.

What derivative awards for Liquidity Services (LQDT) are shown for the CEO in this filing?

The filing lists multiple restricted stock unit and stock option grants tied to Liquidity Services Common Stock, with exercise prices such as $4.92, $6.72, $7.36, $10.41, $19.04 and $25.87, and expiration dates extending from 2027 through 2035.

Do the Liquidity Services (LQDT) Form 4 footnotes include any beneficial ownership disclaimers?

Yes. Footnotes explain that certain shares are held in trusts for the benefit of the reporting person or the reporting person’s spouse, and explicitly state that William P. Angrick III disclaims beneficial ownership of those securities for Section 16 and other purposes.