LQDT CTO reports stock option exercises and share sales on Form 4

Rhea-AI Filing Summary

Liquidity Services, Inc. (LQDT) senior vice president and chief technology officer reported multiple equity transactions on 11/24/2025. The filing shows several stock option exercises at strike prices including $14.00, $17.31 and $22.20 per share, followed by same-day sales of common stock at market prices around $28 per share. Some of the exercised shares were withheld or surrendered to the issuer to cover option costs and related taxes, including 2,388 shares with a stated market value of $66,768.48.

After all reported transactions, the officer directly beneficially owned 45,868 shares of Liquidity Services common stock. The report also lists a series of outstanding restricted stock units and stock options that vest over future dates or upon the achievement of specified financial milestones, illustrating a mix of time-based and performance-based equity incentives.

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

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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)
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		M(15)		290	A	$14	51,094	D
Common Stock	11/24/2025		S		290	D	$28.26	50,804	D
Common Stock	11/24/2025		M(16)		1,282	A	$14	52,086	D
Common Stock	11/24/2025		S		1,282	D	$28.26	50,804	D
Common Stock	11/24/2025		M(17)		591	A	$17.31	51,395	D
Common Stock	11/24/2025		S		591	D	$28.26	50,804	D
Common Stock	11/24/2025		M(18)		946	A	$17.31	51,750	D
Common Stcok	11/24/2025		S		946	D	$28.26	50,804	D
Common Stock	11/24/2025		M		2,321	A	$22	53,125	D
Common Stock	11/24/2025		M		1,087	A	$14	54,212	D
Common Stock	11/24/2025		S		5,956	D	$27.98	48,256	D
Common Stock	11/24/2025		S(19)		2,388	D	$27.96	45,868	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)	01/01/2026	Common Stock	7,260		7,260	D
Restricted Stock Unit Grant	(4)							(5)	01/01/2027	Common Stock	12,495		12,495	D
Restricted Stock Unit Grant	(4)							(5)	01/01/2029	Common Stock	19,700		19,700	D
Restricted	(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	$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	$23.52							(1)	10/29/2035	Common Stock	15,900		15,900	D
Stock Option Grant	$14	11/24/2025		M			4,492	(1)	12/23/2032	Common Stock	10,107	$0	5,615	D
Stock Option Grant	$14	11/24/2025		M			2,106	(6)	12/23/2032	Common Stock	5,381	$0	3,275	D
Stock Option Grant	$17.31	11/24/2025		M			2,706	(7)	12/22/2033	Common Stock	10,522	$0	7,816	D
Stock Option Grant	$17.31	11/24/2025		M			4,329	(1)	12/22/2033	Common Stock	14,430	$0	10,101	D
Stock Option Grant	$22.2	11/24/2025		M			2,321	(3)	12/07/2031	Common Stock	2,837	$0	516	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 1,019 stock options; 729 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 290 shares were acquired by the reporting person.

16. The reporting person exercised 4,492 stock options; 3,210 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,282 shares were acquired by the reporting person.

17. The reporting person exercised 2,706 stock options; 2,115 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 591 shares were acquired by the reporting person.

18. The reporting person exercised 4,329 stock options; 3,383 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 946 shares were acquired by the reporting person.

19. The reporting person surrendered 2,388 shares with a market value of $66,768.48 to the issuer to pay the cost and related taxes associated with the exercise of the stock options described above (i.e., the 2,321 options with an exercise price of $22.20, and 1,087 options with an exercise price of $14.00).

	/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.
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FAQ

What did Liquidity Services (LQDT) disclose in this Form 4 filing?

The filing reports that the SVP & Chief Technology Officer of Liquidity Services, Inc. completed multiple stock option exercises and sales of common stock on 11/24/2025, and updates the total number of shares and derivative awards the officer beneficially owns.

Who is the reporting person in the LQDT Form 4 and what is their role?

The reporting person is an officer of Liquidity Services, Inc., serving as SVP & Chief Technology Officer, and is reporting personal transactions in the company’s equity securities.

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

Following the reported exercises and sales on 11/24/2025, the officer directly beneficially owned 45,868 shares of Liquidity Services common stock.

What stock option and share transactions occurred on 11/24/2025 for LQDT?

On 11/24/2025, the officer exercised several stock option grants with exercise prices including $14.00, $17.31 and $22.20 per share, and sold or surrendered multiple blocks of common stock at market prices around $28 per share.

How were taxes and exercise costs handled in the LQDT Form 4 transactions?

The explanations note that portions of the exercised shares were withheld by the issuer to pay option costs and taxes, and that the officer surrendered 2,388 shares with a market value of $66,768.48 to cover costs and related taxes for certain option exercises.

What types of equity awards are outstanding for the LQDT officer?

The report lists multiple restricted stock unit grants and stock option grants tied to Liquidity Services common stock, with specified future vesting dates and, in several cases, vesting that depends on the issuer’s achievement of certain financial milestones.