[Form 4] Liquidity Services, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Liquidity Services, Inc. (LQDT) director Mateus-Tique Jaime reported a Form 4 showing a sale and new restricted stock units. The filing shows a sale of 10,000 shares on 08/22/2025 at $27.44, which reduced directly held common stock by 12,966 shares and left total beneficial ownership of 174,562 shares across direct and indirect holdings. The report also discloses a grant of 4,928 restricted stock units that vest on 03/01/2026, each unit equivalent to one share. The Form 4 indicates the transaction was made pursuant to a plan intended to satisfy the Rule 10b5-1 affirmative defense.

Positive

• Transaction made under a 10b5-1 plan, indicating the sale was pursuant to a prearranged written plan
• Restricted stock units granted (4,928) with a clear one-year vesting schedule, aligning compensation with future tenure

Negative

• Sale of 10,000 shares at $27.44 reduced the reporting person's direct holdings
• Directly owned shares decreased (12,966 shares listed as disposed), which may be viewed negatively by some investors

Insights

Corporate Governance Expert

TL;DR: Director executed a planned sale under a 10b5-1 plan and received time‑based RSUs, reflecting routine governance and compensation actions.

The filing shows a director-level sale of 10,000 shares at $27.44 and a contemporaneous grant of 4,928 restricted stock units vesting in one year. The checked 10b5-1 box indicates the sale was pursuant to a written plan, which typically limits insider timing concerns. Indirect holdings through irrevocable trusts remain a meaningful portion of total beneficial ownership, preserving alignment with shareholders. No material new liabilities, dilutive securities, or corporate-control events are disclosed.

Securities Analyst

TL;DR: Insider sold 10,000 shares at $27.44, reducing direct holdings while receiving 4,928 RSUs that vest in 2026.

The transaction reduces direct share count and the RSU grant represents deferred compensation tied to future vesting. Total beneficial ownership after the reported sale is 174,562 shares, split among direct and indirect holdings. The sale price and size are explicit; there is no forward guidance or financial performance data in this filing to assess valuation impact. The 10b5-1 plan checkbox suggests preplanned disposition rather than opportunistic trading.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

X

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^*

Mateus-Tique Jaime

(Last) (First) (Middle)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

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								12,966	D
Common Stock	08/22/2025		S		10,000	D	$27.44	174,562	I	By the Em El 2007 Irrevocable Trust
Common Stock								163,208	I	By the Jaime Mateus-Tique 2005 Irrevocable Trust
Common Stock								100,000	I	By the reporting person's spouse

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	(1)							(2)	03/01/2026	Common Stock	4,928		4,928	D

Explanation of Responses:

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

2. These restricted stock units vest one year from the grant date.

	/s/ Mark A. Shaffer, by power of attorney	08/26/2025
	** 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 4 (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

What did LQDT director Mateus-Tique Jaime report on Form 4?

The director reported a sale of 10,000 shares on 08/22/2025 at $27.44 and a grant of 4,928 restricted stock units that vest on 03/01/2026.

How many shares does Mateus-Tique Jaime beneficially own after the transaction?

The Form 4 reports 174,562 shares beneficially owned following the reported transaction(s), including direct and indirect holdings.

Were the share sales part of a Rule 10b5-1 plan?

Yes. The form has the box checked indicating the transaction was made pursuant to a 10b5-1 written plan.

What are the terms of the restricted stock units reported?

Each restricted stock unit equals one share, and the 4,928 RSUs vest one year from the grant date (03/01/2026).

Does the filing show any derivative transactions or options?

The Form 4 discloses only restricted stock units in Table II and no other derivative or option exercises.