Liquidity Services (LQDT) director receives 5,694 restricted stock units

Rhea-AI Filing Summary

Hennessy Paul J. reported acquisition or exercise transactions in this Form 4 filing.

Liquidity Services Inc. director Paul J. Hennessy reported receiving a grant of 5,694 restricted stock units on March 1, 2026. Each unit equals one share of common stock and the March 1, 2026 grant vests on March 1, 2027. A holdings entry also reflects 7,186 restricted stock units directly owned.

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^*

Hennessy Paul J.

(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)
03/01/2026

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

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	(1)							(2)	10/01/2026	Common Stock	7,186		7,186	D
Restricted Stock Unit	(1)	03/01/2026		A		5,694		(3)	03/01/2027	Common Stock	5,694	$0	5,694	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 were granted on October 1, 2025 and vests on the first anniversary of the grant date (October 1, 2026).

3. These restricted stock units were granted on March 1, 2026 and vests on the first anniversary of the grant date (March 1, 2027).

	/s/ Mark A. Shaffer, by power of attorney	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Liquidity Services (LQDT) report on this Form 4?

Liquidity Services reported that director Paul J. Hennessy received a grant of 5,694 restricted stock units on March 1, 2026. These units represent a form of equity compensation tied one-for-one to shares of Liquidity Services common stock.

How many restricted stock units did Paul J. Hennessy receive from Liquidity Services (LQDT)?

Paul J. Hennessy received 5,694 restricted stock units in this reported transaction. The filing shows this grant as an acquisition, with each restricted stock unit economically equivalent to one share of Liquidity Services Inc. common stock under the company’s equity compensation arrangements.

When do the newly granted Liquidity Services (LQDT) restricted stock units vest?

The restricted stock units granted on March 1, 2026 vest on the first anniversary of the grant date, March 1, 2027. Vesting means the director earns full rights to the underlying shares if the service-based conditions are satisfied during that period.

What does each Liquidity Services (LQDT) restricted stock unit represent for Paul J. Hennessy?

Each restricted stock unit is the economic equivalent of one share of Liquidity Services common stock. This means that upon vesting and settlement, each unit is designed to convert into or be settled based on one underlying share of the company’s stock.

What total restricted stock unit holdings does the Liquidity Services (LQDT) director report?

The filing shows direct ownership entries reflecting 5,694 restricted stock units after the grant transaction and 7,186 restricted stock units in a holdings line. These figures indicate the director’s reported equity-based awards in the form of restricted stock units at the referenced times.

How is the Liquidity Services (LQDT) Form 4 transaction classified?

The Form 4 classifies the March 1, 2026 restricted stock unit grant as an acquisition under code A, described as a grant, award, or other acquisition. This reflects equity compensation awarded to director Paul J. Hennessy rather than an open-market stock purchase or sale.