LIQUIDITY SERVICES INC · Exercise / conversion · Common Stock

What does this filing report?

An SEC Form 4 filing for LIQUIDITY SERVICES INC records an exercise / conversion involving Common Stock on November 19, 2025. The reported quantity was 11,258. The filing date is November 21, 2025. This is one transaction record; amounts are not allocated among any joint reporting owners.

The acquisition category describes how securities were received. It does not by itself establish a cash purchase of common stock. Read the transaction code definitionsand the original filing before interpreting the amounts.

Filing footnotes & remarks

F1

These shares are held in a trust for the benefit of the reporting person's spouse, who is also trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.

F2

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

F3

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

F4

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.

F5

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

F6

These options became fully exercisable on October 1, 2020.

F7

These options became fully exercisable on October 1, 2021.

F8

These options became fully exercisable on October 1, 2022.

F9

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.

F10

These options became fully exercisable on January 1, 2024.

F11

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.

F12

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.

F13

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.

F14

These shares are held in a trust for the benefit of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.

F15

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.

F16

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.

F17

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.

F18

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.

F19

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.

F20

Represents the exercise of stock options.

F21

These options became fully exercisable on October 1, 2019.

F22

These options became fully exercisable on January 1, 2025.

Footnotes are reproduced as plain text from the current source filing. For the full context, read the original SEC filing.