Liquidity Services, Inc. (LQDT) CTO details December 2025 insider trades

Rhea-AI Filing Summary

Liquidity Services, Inc.'s SVP & Chief Technology Officer reported several insider transactions dated December 10, 2025. He exercised stock options at exercise prices of $14 and $17.31 per share, acquiring 72, 346, 74 and 717 shares after shares were withheld to cover option costs and taxes, and then sold the same share amounts of common stock at $31.45 per share.

After these transactions, he beneficially owns 48,595 shares of Liquidity Services common stock directly. He also continues to hold multiple restricted stock unit and stock option awards covering additional shares of common stock, with vesting schedules that in several cases depend on the company achieving specified financial milestones or future calendar-based vesting dates.

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)
12/10/2025

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	12/10/2025		M(15)		72	A	$14	48,667	D
Common Stock	12/10/2025		S		72	D	$31.45	48,595	D
Common Stock	12/10/2025		M(16)		346	A	$14	48,941	D
Common Stock	12/10/2025		S		346	D	$31.45	48,595	D
Common Stock	12/10/2025		M(17)		74	A	$17.31	48,669	D
Common Stock	12/10/2025		S		74	D	$31.45	48,595	D
Common Stock	12/10/2025		M(18)		717	A	$17.31	49,312	D
Common Stock	12/10/2025		S		717	D	$31.45	48,595	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)							(14)	01/01/2030	Common Stock	16,500		16,500	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)	01/01/2030	Common Stock	16,500		16,500	D
Stock Option Grant	$9.46							(2)	12/01/2030	Common Stock	1,975		1,975	D
Stock Option Grant	$21.62							(9)	10/30/2034	Common Stock	16,700		16,700	D
Stock Option Grant	$23.52							(13)	10/29/2035	Common Stock	15,900		15,900	D
Stock Option Grant	$22.2							(1)	12/07/2031	Common Stock	7,428		7,428	D
Stock Option Grant	$21.62							(1)	10/30/2034	Common Stock	16,700		16,700	D
Stock Option Grant	$23.52							(1)	10/29/2035	Common Stock	15,900		15,900	D
Stock Option Grant	$22.2							(3)	12/07/2031	Common Stock	516		516	D
Restricted Stock Unit Grant	(4)							(5)	01/01/2026	Common Stock	5,862		5,862	D
Restricted Stock Unit Grant	(4)							(5)	01/01/2027	Common Stock	8,925		8,925	D
Stock Option Grant	$14	12/10/2025		M			234	(6)	12/23/2032	Common Stock	3,275	$0	3,041	D
Stock Option Grant	$14	12/10/2025		M			1,123	(1)	12/23/2032	Common Stock	5,615	$0	4,492	D
Stock Option Grant	$17.31	12/10/2025		M			300	(7)	12/22/2033	Common Stock	7,816	$0	7,516	D
Stock Option Grant	$17.31	12/10/2025		M			2,886	(1)	12/22/2033	Common Stock	10,101	$0	7,215	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. The reporting person exercised 234 stock options; 162 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 72 shares were acquired by the reporting person.

16. The reporting person exercised 1,123 stock options; 777 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 346 shares were acquired by the reporting person.

17. The reporting person exercised 300 stock options; 226 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 74 shares were acquired by the reporting person.

18. The reporting person exercised 2,886 stock options; 2,169 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 717 shares were acquired by the reporting person.

	/s/ Mark A. Shaffer, by power of attorney	12/12/2025
	** 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 stock transactions did Liquidity Services (LQDT) report on December 10, 2025?

The SVP & Chief Technology Officer exercised stock options at $14 and $17.31 per share, acquiring 72, 346, 74 and 717 shares after withholdings, and sold the same share amounts of common stock at $31.45 per share on December 10, 2025.

How many Liquidity Services (LQDT) shares does the CTO own after these transactions?

Following the reported option exercises and share sales, the SVP & Chief Technology Officer beneficially owns 48,595 shares of Liquidity Services common stock directly.

What do the footnotes in the Liquidity Services (LQDT) Form 4 explain about the option exercises?

The footnotes state that the officer exercised 234, 1,123, 300 and 2,886 stock options, with 162, 777, 226 and 2,169 shares, respectively, withheld by the issuer to pay the option costs and taxes, leaving 72, 346, 74 and 717 shares acquired before being sold.

What derivative awards does the Liquidity Services (LQDT) CTO hold after this filing?

He holds various restricted stock unit and stock option grants tied to Liquidity Services common stock, including restricted stock unit grants where each unit equals one share and option grants with exercise prices such as $9.46, $14, $17.31, $21.62, $22.20 and $23.52.

How do the Liquidity Services (LQDT) restricted stock units work for the CTO?

The filing explains that each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. common stock, with several grants vesting based on the issuer's achievement of specified financial milestones or in 25% installments on future January 1 dates.

What vesting conditions apply to some Liquidity Services (LQDT) stock options held by the CTO?

Certain option grants vest based on financial milestones, while others vest over time, using schedules such as 12/48th vesting on a stated January 1 date followed by 1/48th vesting monthly for thirty-six months.