Steven Weiskircher Form 4 LIQUIDITY SERVICES / Steven Weiskircher ownership change

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).

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)
02/10/2025

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	02/10/2025		S		10,000	D	$34.01	58,401	D
Common Stock	02/10/2025		M		1,005	A	$9.46	59,406	D
Common Stock	02/10/2025		M		516	A	$22.2	59,922	D
Common Stock	02/10/2025		M		468	A	$14	60,390	D
Common Stock	02/10/2025		S(13)		815	D	$33.8	59,575	D
Common Stock	02/11/2025		S		10,000	D	$34.06	49,575	D
Common Stock	02/11/2025		M(14)		1,089	A	$17.31	50,664	D
Common Stock	02/11/2025		S		1,089	D	$34.15	49,575	D
Common Stock	02/11/2025		M(15)		976	A	$22.2	50,551	D
Common Stock	02/11/2025		S		976	D	$34.22	49,575	D
Common Stock	02/11/2025		M(16)		375	A	$14	49,950	D
Common Stock	02/11/2025		S		375	D	$34.22	49,575	D
Common Stock	02/12/2025		S		5,000	D	$35.26	44,575	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)							(5)	01/01/2026	Common Stock	8,396		8,396	D
Restricted Stock Unit Grant	(4)							(5)	01/01/2026	Common Stock	12,582		12,852	D
Restricted Stock Unit Grant	(4)							(5)	01/01/2027	Common Stock	17,850		17,850	D
Restricted Stock Unit Grant	(4)							(5)	01/01/2029	Common Stock	19,700		19,700	D
Stock Option Grant	$9.46	02/10/2025		M			1,005	(2)	12/01/2030	Common Stock	2,980	$0	1,975	D
Stock Option Grant	$22.2	02/10/2025		M			516	(3)	12/07/2031	Common Stock	3,353	$0	2,837	D
Stock Option Grant	$14	02/10/2025		M			468	(6)	12/23/2032	Common Stock	5,849	$0	5,381	D
Stock Option Grant	$17.31	02/11/2025		M			3,908	(7)	12/22/2033	Common Stock	14,430	$0	10,522	D
Stock Option Grant	$21.62							(9)	10/30/2034	Common Stock	16,700		16,700	D
Stock Option Grant	$22.2	02/11/2025		M			4,952	(1)	12/07/2031	Common Stock	12,380	$0	7,428	D
Stock Option Grant	$14	02/11/2025		M			1,123	(1)	12/23/2032	Common Stock	11,230	$0	10,107	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

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. The reporting person surrendered 815 shares with a market value of $27,547.00 to the issuer to pay the cost and related taxes associated with the exercise of the stock options described above (i.e., the 1,005 options with an exercise price of $9.46, 516 options with an exercise price of $22.20, and 468 options with an exercise price of $14.00).

14. The reporting person exercised 3,908 stock options; 2,819 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,089 shares were acquired by the reporting person.

15. The reporting person exercised 4,952 stock options; 3,976 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 976 shares were acquired by the reporting person.

16. The reporting person exercised 1,123 stock options; 748 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 375 shares were acquired by the reporting person.

	/s/ Mark A. Shaffer, by power of attorney	02/12/2025
	** 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).
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