Liquidity Services (LQDT) CFO’s trust sells 8,127 shares, retains large equity stake

Rhea-AI Filing Summary

Liquidity Services Inc EVP & CFO Jorge Celaya, through the Jorge Celaya Revocable Trust, reported open-market sales totaling 8,127 shares of Common Stock on March 9–10, 2026 at prices around $32.10–$33.04 per share. Following these transactions, the trust held 48,869 Common shares indirectly. Celaya also continues to hold various restricted stock unit and stock option grants directly, with exercise prices ranging from $9.46 to $23.52 and expirations between 2030 and 2035, providing additional potential future equity exposure.

Insights

Equity compensation and insider-trading analyst

CFO’s net sale of 8,127 shares is small and routine relative to remaining equity awards.

The Form 4 shows the Jorge Celaya Revocable Trust, associated with Liquidity Services’ EVP & CFO, sold 8,127 Common shares in open-market transactions around $32–$33. After these sales, the trust still held 48,869 shares, so the disposition is modest versus the remaining indirect stake.

The filing also details a substantial portfolio of unexercised stock options and restricted stock units with exercise prices from $9.46 to $23.52 and expirations stretching to 2035. These awards tie a meaningful portion of the executive’s future upside to the share price, suggesting continued long-term alignment through equity incentives.

There are no option exercises, tax-withholding events, or Rule 10b5-1 plan references in this data, and the transactionSummary indicates a simple net-sell of 8,127 shares. Overall, this appears to be a routine liquidity event rather than a transformational change in insider ownership.

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^*

Celaya Jorge

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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	03/09/2026		S		7,914	D	$32.1	49,082	I	By the Jorge Celaya Revocable Trust
Common Stock	03/10/2026		S		213	D	$33.04	48,869	I	By the Jorge Celaya Revocable 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	(7)							(9)	01/01/2027	Common Stock	5,177		5,177	D
Restricted Stock Unit Grant	(7)							(8)	01/01/2028	Common Stock	13,387		13,387	D
Restricted Stock Unit Grant	(7)							(10)	01/01/2029	Common Stock	15,375		15,375	D
Restricted Stock Unit Grant	(7)							(13)	01/01/2030	Common Stock	32,850		32,850	D
Restricted Stock Unit Grant	(7)							(6)	01/01/2027	Common Stock	5,355		5,355	D
Restricted Stock Unit Grant	(7)							(6)	01/01/2029	Common Stock	14,350		14,350	D
Restricted Stock Unit Grant	(7)							(6)	01/01/2029	Common Stock	20,500		20,500	D
Restricted Stock Unit Grant	(7)							(6)	01/01/2030	Common Stock	32,850		32,850	D
Stock Option Grant	$9.46							(1)	12/01/2030	Common Stock	47,560		47,560	D
Stock Option Grant	$22.2							(3)	12/07/2031	Common Stock	7,740		7,740	D
Stock Option Grant	$14							(4)	12/23/2032	Common Stock	16,640		16,640	D
Stock Option Grant	$17.31							(5)	12/22/2033	Common Stock	21,640		21,640	D
Stock Option Grant	$21.62							(11)	10/30/2034	Common Stock	17,350		17,350	D
Stock Option Grant	$23.52							(12)	10/29/2035	Common Stock	31,650		31,650	D
Stock Option Grant	$9.46							(2)	12/01/2030	Common Stock	55,050		55,050	D
Stock Option Grant	$22.2							(2)	12/07/2031	Common Stock	7,740		7,740	D
Stock Option Grant	$14							(2)	12/23/2032	Common Stock	16,640		16,640	D
Stock Option Grant	$17.31							(2)	12/22/2033	Common Stock	21,640		21,640	D
Stock Option Grant	$21.62							(2)	10/30/2034	Common Stock	17,350		17,350	D
Stock Option Grant	$23.52							(2)	10/29/2035	Common Stock	31,650		31,650	D

Explanation of Responses:

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

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

3. These options became fully exercisable on January 1, 2026.

4. 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.

5. 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.

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

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

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

13. 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.

	/s/ Mark A. Shaffer, by power of attorney	03/11/2026
	** Signature of Reporting Person	Date
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FAQ

What did Liquidity Services (LQDT) CFO Jorge Celaya report in this Form 4?

The filing shows the EVP & CFO related Jorge Celaya Revocable Trust sold 8,127 Liquidity Services Common shares in open-market transactions around $32–$33 per share, while continuing to hold 48,869 shares indirectly plus a range of unexercised stock options and restricted stock units.

How many LQDT shares did the Jorge Celaya Revocable Trust sell and at what prices?

The trust sold 7,914 Liquidity Services Common shares on March 9, 2026 at $32.10 per share and 213 shares on March 10, 2026 at $33.04 per share, for total reported sales of 8,127 shares in these open-market transactions.

How many Liquidity Services (LQDT) shares does the trust hold after the reported sales?

After the March 2026 open-market sales, the Jorge Celaya Revocable Trust held 48,869 shares of Liquidity Services Common Stock indirectly. This figure comes from the total_shares_following_transaction field associated with the final reported sale on March 10, 2026 in the Form 4 data.

Does the LQDT CFO still have significant equity exposure after these insider sales?

Yes. Beyond the 48,869 Common shares held indirectly through the trust, the Form 4 lists multiple restricted stock unit and stock option grants with exercise prices from $9.46 to $23.52 and expirations through 2035, representing additional potential equity exposure for the executive.

Were any stock options exercised in the latest Liquidity Services (LQDT) Form 4?

No option exercises are reported. The transactionSummary shows zero derivative exercises, and all listed stock option and restricted stock unit entries are classified as holdings, with future vesting schedules and expirations but no new exercises or conversions in this particular Form 4 filing.

Is the LQDT CFO’s reported insider sale part of a complex transaction pattern?

No. The Form 4 reflects straightforward open-market sales totaling 8,127 shares and no accompanying option exercises, gifts, or tax-withholding dispositions. The transactionSummary characterizes activity as a simple net-sell event, with the executive maintaining substantial remaining equity awards and indirect share holdings.