Novelette Murray - 01 Dec 2025 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Signature
/s/ Mark A. Shaffer, by power of attorney
Issuer symbol
LQDT
Transactions as of
01 Dec 2025
Net transactions value
-$63,099
Form type
4
Filing time
03 Dec 2025, 17:03:48 UTC
Previous filing
31 Oct 2025
Next filing
05 Jan 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Murray Novelette Chief Human Resources Officer 6931 ARLINGTON ROAD SUITE 460, BETHESDA /s/ Mark A. Shaffer, by power of attorney 03 Dec 2025 0001825422

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $0 +686 +2.7% $0.000000 25,858 01 Dec 2025 Direct F17
transaction LQDT Common Stock Other $20,573 -686 -2.7% $29.99 25,172 01 Dec 2025 Direct F18
transaction LQDT Common Stock Options Exercise $0 +1,418 +5.6% $0.000000 26,590 01 Dec 2025 Direct F19
transaction LQDT Common Stock Other $42,526 -1,418 -5.3% $29.99 25,172 01 Dec 2025 Direct F20

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LQDT Restricted Stock Unit Grant Options Exercise $0 -1,036 -20% $0.000000 4,142 01 Dec 2025 Common Stock 5,178 Direct F2, F3
transaction LQDT Restricted Stock Unit Grant Options Exercise $0 -2,142 -29% $0.000000 5,355 01 Dec 2025 Common Stock 7,497 Direct F2, F3
holding LQDT Restricted Stock Unit Grant 1,745 01 Dec 2025 Common Stock 1,745 Direct F2, F12
holding LQDT Restricted Stock Unit Grant 5,177 01 Dec 2025 Common Stock 5,177 Direct F2, F13
holding LQDT Restricted Stock Unit Grant 8,032 01 Dec 2025 Common Stock 8,032 Direct F2, F14
holding LQDT Restricted Stock Unit Grant 9,500 01 Dec 2025 Common Stock 9,500 Direct F2, F11
holding LQDT Restricted Stock Units 4,188 01 Dec 2025 Common Stock 4,188 Direct F2, F3
holding LQDT Restricted Stock Unit Grant 9,500 01 Dec 2025 Common Stock 9,500 Direct F2, F3
holding LQDT Stock Option Grant 1,850 01 Dec 2025 Common Stock 1,850 $10.30 Direct F5
holding LQDT Stock Option Grant 7,693 01 Dec 2025 Common Stock 7,693 $9.46 Direct F1
holding LQDT Stock Option Grant 6,190 01 Dec 2025 Common Stock 6,190 $22.20 Direct F7
holding LQDT Stock Option Grant 5,027 01 Dec 2025 Common Stock 5,027 $14.00 Direct F8
holding LQDT Stock Option Grant 8,660 01 Dec 2025 Common Stock 8,660 $17.31 Direct F9
holding LQDT Stock Option Grant 8,000 01 Dec 2025 Common Stock 8,000 $21.62 Direct F10
holding LQDT Stock Option Grant 1,054 01 Dec 2025 Common Stock 1,054 $10.30 Direct F4
holding LQDT Stock Option Grant 6,190 01 Dec 2025 Common Stock 6,190 $22.20 Direct F6
holding LQDT Stock Option Grant 8,320 01 Dec 2025 Common Stock 8,320 $14.00 Direct F6
holding LQDT Stock Option Grant 8,660 01 Dec 2025 Common Stock 8,660 $17.31 Direct F6
holding LQDT Stock Option Grant 8,000 01 Dec 2025 Common Stock 8,000 $21.62 Direct F6
holding LQDT Stock Option Grant 10,150 01 Dec 2025 Common Stock 10,150 $23.50 Direct F15
holding LQDT Restricted Stock Unit Grant 10,550 01 Dec 2025 Common Stock 10,550 Direct F2, F3
holding LQDT Restricted Stock Unit Grant 10,550 01 Dec 2025 Common Stock 10,550 Direct F2, F16
holding LQDT Stock Option Grant 10,150 01 Dec 2025 Common Stock 10,150 $23.50 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 12/48th of this option grant vested on January 1, 2022 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F2 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F3 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F4 These options become exercisable, if at all, based on the completion of the Issuer's strategic transformation as well as the Issuer's achievement of certain financial milestones.
F5 15/48th of this option grant vested on January 1, 2018 and thereafter, an additional 1/48th vests each month for thirty-three months.
F6 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F7 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.
F8 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.
F9 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.
F10 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.
F11 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.
F12 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.
F13 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.
F14 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.
F15 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.
F16 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.
F17 Represents the net issuance of 686 shares from the vesting of 1,036 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units wassatisfied by the issuer withholding 350 shares.
F18 In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes andremaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 686 shares receivedby the reporting person in connection with the vesting of 1,036 restricted stock units.
F19 Represents the net issuance of 1,418 shares from the vesting of 2,142 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units wassatisfied by the issuer withholding 724 shares.
F20 In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes andremaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 1,418 shares receivedby the reporting person in connection with the vesting of 2,142 restricted stock units.