[Form 4] LIQUIDITY SERVICES INC Insider Trading Activity

Rhea-AI Filing Summary

Liquidity Services (LQDT)10/29/2025, the officer received 16,500 restricted stock units and an additional 16,500 restricted stock units, plus stock options for 15,900 shares and another 15,900 shares at an exercise price of $23.52. The options carry expirations on 10/29/2035, and certain awards vest based on financial milestones or in scheduled installments through January 1, 2030.

Following the reported transactions, the officer beneficially owned 50,804 shares of common stock directly. The filing also lists earlier RSU and option grants with specified vesting schedules and exercise prices.

10/31/2025 - 09:24 PM

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
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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^*

Weiskircher Steven

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & Chief Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/29/2025

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								50,804	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	(4)							(10)	01/01/2026	Common Stock	3,490		3,490	D
Restricted Stock Unit Grant	(4)							(11)	01/01/2027	Common Stock	6,985		6,985	D
Restricted Stock Unit Grant	(4)							(12)	01/01/2028	Common Stock	13,387		13,387	D
Restricted Stock Unit	(4)							(8)	01/01/2029	Common Stock	19,700		19,700	D
Restricted Stock Unit Grant	(4)							(5)	01/01/2026	Common Stock	8,396		8,396	D
Restricted Stock Unit Grant	(4)							(5)	01/01/2029	Common Stock	19,700		19,700	D
Restricted Stock Unit Grant	(4)							(5)	01/01/2026	Common Stock	7,260		7,260	D
Restricted Stock Unit Grant	(4)							(5)	01/01/2027	Common Stock	12,495		12,495	D
Stock Option Grant	$21.62							(9)	10/30/2034	Common Stock	16,700		16,700	D
Stock Option Grant	$17.31							(1)	12/22/2033	Common Stock	14,430		14,430	D
Stock Option Grant	$21.62							(1)	10/30/2034	Common Stock	16,700		16,700	D
Stock Option Grant	$9.46							(2)	12/01/2030	Common Stock	1,975		1,975	D
Stock Option Grant	$22.2							(3)	12/07/2031	Common Stock	2,837		2,837	D
Stock Option Grant	$14							(6)	12/23/2032	Common Stock	5,381		5,381	D
Stock Option Grant	$17.31							(7)	12/22/2033	Common Stock	10,522		10,522	D
Stock Option Grant	$22.2							(1)	12/07/2031	Common Stock	7,428		7,428	D
Stock Option Grant	$14							(1)	12/23/2032	Common Stock	10,107		10,107	D
Restricted Stock Unit Grant	(4)	10/29/2025		A		16,500		(14)	01/01/2030	Common Stock	16,500	$0	16,500	D
Restricted Stock Unit Grant	(4)	10/29/2025		A		16,500		(15)	01/01/2030	Common Stock	16,500	$0	16,500	D
Stock Option Grant	$23.52	10/29/2025		A		15,900		(13)	10/29/2035	Common Stock	15,900	$0	15,900	D
Stock Option Grant	$23.52	10/29/2025		A		15,900		(1)	10/29/2035	Common Stock	15,900	$0	15,900	D

Explanation of Responses:

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

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

3. 12/48th of this option grant vested on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.

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

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

6. 12/48th of these options vested on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.

7. 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.

8. 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.

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. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2023, January 1, 2024, January 1, 2025 and January 1, 2026.

11. 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.

12. 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.

13. 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.

14. 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.

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

	/s/ Mark A. Shaffer, by power of attorney	10/31/2025
	** 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’s CTO receive on 10/29/2025?

Two grants of 16,500 RSUs each and two option grants for 15,900 shares each at an exercise price of $23.52.

What is the role of the reporting person at LQDT?

The reporting person is the company’s SVP & Chief Technology Officer.

How many LQDT common shares are beneficially owned after these transactions?

The officer beneficially owned 50,804 shares directly after the reported transactions.

When do the newly granted options expire?

The options reported with the new grants expire on 10/29/2035.

How do the RSUs vest?

The filing states RSUs vest in installments through January 1, 2030, and some vest based on financial milestones.

Are there performance conditions on any awards?

Yes. Certain RSUs and options vest, if at all, based on the issuer’s achievement of specified financial milestones.

What exercise price applies to the new option grants?

The new option grants have an exercise price of $23.52 per share.