Liquidity Services director awarded 5,694 RSUs

Liquidity Services, Inc. director Katharin S. Dyer reported equity compensation activity involving restricted stock units and common shares.

Accepted by SEC EDGAR 03/02/2026 - 05:44 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Liquidity Services, Inc. director Katharin S. Dyer reported equity compensation activity involving restricted stock units and common shares. On March 1, 2026, 4,928 restricted stock units vested, converting into 4,928 shares of common stock at a price of $0.00 per share, reflecting an exercise or conversion of derivative securities.

The vested units were originally granted on March 1, 2025 and became fully vested on their first anniversary. On the same date, Dyer received a new grant of 5,694 restricted stock units that will vest on the first anniversary of the March 1, 2026 grant. Following these transactions, she directly owned 41,323 shares of common stock and held 5,694 restricted stock units, each economically equivalent to one share of common stock.

Insider Trade Summary

4,928 shares exercised/converted

Exercise 3 txns

Insider Dyer Katharin S

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit Grant	4,928	$0.00	$0.00
Grant/Award	Restricted Stock Unit Grant	5,694	$0.00	$0.00
Exercise	Common Stock	4,928	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit Grant — 5,694 contracts (Direct); Common Stock — 41,323 shares (Direct)

Holdings Before and After: Restricted Stock Unit Grant, 4,928 to 5,694 contracts (Direct); Common Stock, 36,395 to 41,323 shares (Direct)

Footnotes (4)

1. F1. Represents the vesting of restricted stock units.
2. F2. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
3. F3. These restricted stock units were granted on March 1, 2025 and vested on the first anniversary of the grant date (March 1, 2026).
4. F4. These restricted stock units were granted on March 1, 2026 and vests on the first anniversary of the grant date (March 1, 2027).

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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).

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^*

Dyer Katharin S

(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
Common Stock	03/01/2026		M(1)		4,928	A	$0	41,323	D

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)	03/01/2026		M(1)			4,928	(3)	03/01/2026	Common Stock	4,928	$0	0	D
Restricted Stock Unit Grant	(2)	03/01/2026		A		5,694		(4)	03/01/2027	Common Stock	5,694	$0	5,694	D

Explanation of Responses:

1. Represents the vesting of restricted stock units.

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

3. These restricted stock units were granted on March 1, 2025 and vested on the first anniversary of the grant date (March 1, 2026).

4. 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.
* 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.