Director at Liquidity Services (NASDAQ: LQDT) gains new RSU grant and shares

Rhea-AI Filing Summary

Liquidity Services Inc. director Thierno Amath Fall reported equity compensation activity. On March 1, 2026, 4,928 restricted stock units vested and were converted into 4,928 shares of common stock, bringing direct holdings to 23,180 shares. Fall also received a new grant of 5,694 restricted stock units that will vest on March 1, 2027.

Insider Trade Summary

4,928 shares exercised/converted

Mixed 3 txns

Insider Fall Thierno Amath

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit Grant	4,928	$0.00	--
Grant/Award	Restricted Stock Unit Grant	5,694	$0.00	--
Exercise	Common Stock	4,928	$0.00	--

Holdings After Transaction: Restricted Stock Unit Grant — 0 shares (Direct); Common Stock — 23,180 shares (Direct)

Footnotes (1)

1. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock. Represents the vesting of restricted stock units. These restricted stock units were granted on March 1, 2025 and vested on the first anniversary of the grant date (March 1, 2026). These restricted stock units were granted on March 1, 2026 and vests on the first anniversary of the grant date (March 1, 2027).

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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^*

Fall Thierno Amath

(Last) (First) (Middle)

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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	03/01/2026		M(2)		4,928	A	$0	23,180	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	(1)	03/01/2026		M(2)			4,928	(3)	03/01/2026	Common Stock	4,928	$0	0	D
Restricted Stock Unit Grant	(1)	03/01/2026		A		5,694		(4)	03/01/2027	Common Stock	5,694	$0	5,694	D

Explanation of Responses:

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

2. Represents the vesting of restricted stock units.

3. These restricted stock units were granted on March 1, 2025 and vested on the first anniversary of the grant date (March 1, 2026).

4. These restricted stock units were granted on March 1, 2026 and vests on the first anniversary of the grant date (March 1, 2027).

	/s/ Mark A. Shaffer, by power of attorney	03/02/2026
	** 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 insider transactions did LQDT director Thierno Amath Fall report?

Thierno Amath Fall reported equity awards, not open-market trades. On March 1, 2026, 4,928 restricted stock units vested into common shares and a new grant of 5,694 restricted stock units was awarded as part of director compensation.

Did the LQDT director buy or sell Liquidity Services stock on the market?

The filing does not show open-market buying or selling. It reports vesting and conversion of 4,928 restricted stock units into common stock and a new grant of 5,694 restricted stock units as equity compensation for the director.

How many Liquidity Services (LQDT) shares does the director now hold directly?

After these transactions, Thierno Amath Fall directly owns 23,180 shares of Liquidity Services common stock. This reflects the conversion of 4,928 vested restricted stock units into shares, as disclosed in the Form 4 insider transaction report.

What are the key details of the new restricted stock unit grant at LQDT?

The new equity award is 5,694 restricted stock units granted on March 1, 2026. According to the filing, these units vest on the first anniversary of the grant date, March 1, 2027, assuming applicable vesting conditions are satisfied.

When were the vested Liquidity Services restricted stock units originally granted?

The 4,928 restricted stock units that vested on March 1, 2026 were originally granted on March 1, 2025. They vested on the first anniversary of the grant date, consistent with the one-year vesting schedule described in the filing footnotes.

How do LQDT restricted stock units relate to common stock for this director?

Each restricted stock unit is economically equivalent to one share of Liquidity Services common stock. When RSUs vest, they convert into the same number of common shares, as shown by the 4,928 RSUs vesting into 4,928 common shares for the director.