LQDT Form 4: Director share sale and 4,928 RSU grant disclosed

Rhea-AI Filing Summary

Liquidity Services, Inc. (LQDT) reported an insider transaction by a director. On 11/24/2025, the reporting person sold 4,500 shares of common stock at a price of $28.67 per share, and held 11,208 shares of common stock directly after the sale. The filing also reports a grant of 4,928 restricted stock units, each economically equivalent to one share of Liquidity Services common stock. These restricted stock units are scheduled to vest one year from the grant date, and are shown as exercisable on 03/01/2026. The director continues to hold these 4,928 restricted stock units directly following the reported transactions.

Insider Trade Summary

Net Seller: 4,500 shares ($129,015)

Net Sell 2 txns

Insider ELLIS GEORGE H

Role Director

Sold 4,500 shs ($129K)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,500	$28.67	$129K
holding	Restricted Stock Unit Grant	--	--	--

Holdings After Transaction: Common Stock — 11,208 shares (Direct); Restricted Stock Unit Grant — 4,928 shares (Direct)

Footnotes (1)

1. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock. These restricted stock units vest one year from the grant date.

Form 4 Insider Transactions: What Each Field Means →

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^*

ELLIS GEORGE H

(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)
11/24/2025

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	11/24/2025		S		4,500	D	$28.67	11,208	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	(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	11/26/2025
	** 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 insider transaction did Liquidity Services (LQDT) report on this Form 4?

The Form 4 reports that a director of Liquidity Services, Inc. (LQDT) sold 4,500 shares of common stock on 11/24/2025 at a price of $28.67 per share.

How many LQDT shares does the reporting person own after the sale?

After the reported transaction, the director beneficially owned 11,208 shares of Liquidity Services common stock directly.

Did the Liquidity Services director receive any equity awards in this filing?

Yes. The filing shows a grant of 4,928 restricted stock units, each economically equivalent to one share of Liquidity Services common stock.

When do the reported LQDT restricted stock units vest?

The filing states that these 4,928 restricted stock units vest one year from the grant date and are shown as exercisable on 03/01/2026.

Are the reported LQDT restricted stock units held directly or indirectly?

The Form 4 indicates that the 4,928 restricted stock units are held with direct (D) ownership by the reporting person.

What does each restricted stock unit in this LQDT filing represent?

The explanation notes that each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. common stock.