[Form 4] LIQUIDITY SERVICES INC Insider Trading Activity

Rhea-AI Filing Summary

Liquidity Services, Inc. (LQDT) reported insider equity awards for its EVP, Chief Commercial Officer. On 10/29/2025, the officer received a stock option grant for 24,800 shares with an exercise price of $23.52, expiring on 10/29/2035. The filing also shows restricted stock unit grants of 25,750 shares with time-based vesting through 01/01/2030 and an additional 25,750 shares subject to financial milestones, also tied to 01/01/2030.

Following the reported transactions, the insider reports 46,676 shares of common stock held indirectly by The Daunt Family Trust. Earlier awards listed include various RSUs and options with vesting schedules spanning 2026–2034, including performance-based tranches.

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^*

Daunt John

(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)
	EVP, Chief Commercial 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								46,676	I	By The Daunt Family Trust

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)							(10)	01/01/2026	Common Stock	2,180		2,180	D
Restricted Stock Unit Grant	(2)							(11)	01/01/2027	Common Stock	10,355		10,355	D
Restricted Stock Unit Grant	(2)							(12)	01/01/2028	Common Stock	14,494		14,494	D
Restricted Stock Unit Grant	(2)							(8)	01/01/2029	Common Stock	22,100		22,100	D
Restricted Stock Unit Grant	(2)							(3)	01/01/2026	Common Stock	5,232		5,232	D
Restricted Stock Unit Grant	(2)							(3)	01/01/2029	Common Stock	22,100		22,100	D
Restricted Stock Unit Grant	(2)							(3)	01/01/2026	Common Stock	10,355		10,355	D
Restricted Stock Unit Grant	(2)							(3)	01/01/2027	Common Stock	13,528		13,528	D
Stock Option Grant	$9.46							(7)	12/01/2030	Common Stock	1,275		1,275	D
Stock Option Grant	$22.2							(1)	12/07/2031	Common Stock	2,096		2,096	D
Stock Option Grant	$14							(5)	12/23/2032	Common Stock	7,003		7,003	D
Stock Option Grant	$17.31							(6)	12/22/2033	Common Stock	11,390		11,390	D
Stock Option Grant	$21.62							(9)	10/30/2034	Common Stock	18,700		18,700	D
Stock Option Grant	$6.11							(4)	12/04/2028	Common Stock	10,066		10,066	D
Stock Option Grant	$22.2							(4)	12/07/2031	Common Stock	4,644		4,644	D
Stock Option Grant	$14							(4)	12/23/2032	Common Stock	16,640		16,640	D
Stock Option Grant	$17.31							(4)	12/22/2033	Common Stock	15,620		15,620	D
Stock Option Grant	$21.62							(4)	10/30/2034	Common Stock	18,700		18,700	D
Stock Option Grant	$23.52	10/29/2025		A		24,800		(4)	10/29/2035	Common Stock	24,800	$0	24,800	D
Stock Option Grant	$23.52	10/29/2025		A		24,800		(13)	10/29/2035	Common Stock	24,800	$0	24,800	D
Restricted Stock Unit Grant	(2)	10/29/2025		A		25,750		(14)	01/01/2030	Common Stock	25,750	$0	25,750	D
Restricted Stock Unit Grant	(2)	10/29/2025		A		25,750		(15)	01/01/2030	Common Stock	25,750	$0	25,750	D

Explanation of Responses:

1. 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.

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

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

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

5. 12/48th of this option grant vested on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.

6. 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.

7. These options became fully exercisable on January 1, 2024.

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 EVP, Chief Commercial Officer receive on 10/29/2025?

A stock option grant for 24,800 shares at an exercise price of $23.52 expiring on 10/29/2035, plus RSU grants.

How many RSUs were granted in the latest filing for LQDT?

Two RSU entries of 25,750 shares each: one time-based vesting through 01/01/2030 and one performance-based tied to financial milestones.

What indirect holdings does the insider report for LQDT (LQDT)?

The filing shows 46,676 shares of common stock held indirectly by The Daunt Family Trust.

What are key vesting terms disclosed for the new RSUs at LQDT?

One RSU grant vests 25% annually through 01/01/2030; another will vest based on certain financial milestones by 01/01/2030.

What other historical awards are listed in the Form 4 for LQDT?

Prior RSUs and options with various schedules into 2026–2034, including performance-based vesting and graded monthly vesting on some option grants.

What is the exercise price and term of the new stock options at LQDT?

Exercise price is $23.52 per share, with an expiration on 10/29/2035.