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Filing Details

Accession Number:: 0000950170-24-104834
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-09-09 17:54:27
Reporting Period:: 2024-09-05

Accepted Time:: 2024-09-09 17:54:27
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1235468	Liquidity Services Inc	LQDT	Services-Business Services, Nec (7389)	522209244

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1406206	Jorge Celaya	C/O Liquidity Services, Inc. 6931 Arlington Road, Suite 200 Bethesda MD 20814	Evp & Chief Financial Officer	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2024-09-05	3,248	$6.69	55,236	No	4	M	Direct
Common Stock	Disposition	2024-09-05	3,248	$21.51	51,988	No	4	S	Direct
Common Stock	Acquisiton	2024-09-05	3,802	$6.11	55,790	No	4	M	Direct
Common Stock	Acquisiton	2024-09-05	6,617	$6.69	62,407	No	4	M	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	M	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option Grant	Disposition	2024-09-05	3,802	$0.00	3,802	$6.11
Common Stock	Stock Option Grant	Disposition	2024-09-05	15,617	$0.00	29,387	$6.69

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2028-12-04	No	4	M	Direct
13,770		2029-12-03	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option Grant	$9.46	2030-12-01	55,050	55,050	Direct
Common Stock	Stock Option Grant	$9.46	2030-12-01	55,050	55,050	Direct
Common Stock	Stock Option Grant	$22.20	2031-12-07	7,740	7,740	Direct
Common Stock	Stock Option Grant	$22.20	2031-12-07	7,740	7,740	Direct
Common Stock	Stock Option Grant	$14.00	2032-12-23	16,640	16,640	Direct
Common Stock	Stock Option Grant	$14.00	2032-12-23	16,640	16,640	Direct
Common Stock	Stock Option Grant	$17.31	2033-12-22	21,640	21,640	Direct
Common Stock	Stock Option Grant	$17.31	2033-12-22	21,640	21,640	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2025-01-01	2,487	2,487	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2026-01-01	4,975	4,975	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2026-01-01	8,720	8,720	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2027-01-01	15,532	15,532	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2026-01-01	20,710	20,710	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2028-01-01	26,775	26,775	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2027-01-01	26,775	26,775	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2030-12-01	55,050	55,050	Direct
2030-12-01	55,050	55,050	Direct
2031-12-07	7,740	7,740	Direct
2031-12-07	7,740	7,740	Direct
2032-12-23	16,640	16,640	Direct
2032-12-23	16,640	16,640	Direct
2033-12-22	21,640	21,640	Direct
2033-12-22	21,640	21,640	Direct
2025-01-01	2,487	2,487	Direct
2026-01-01	4,975	4,975	Direct
2026-01-01	8,720	8,720	Direct
2027-01-01	15,532	15,532	Direct
2026-01-01	20,710	20,710	Direct
2028-01-01	26,775	26,775	Direct
2027-01-01	26,775	26,775	Direct

Footnotes

The reporting person exercised 9,000 stock options; 5,752 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 3,248 shares were acquired by the reporting person.
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.
15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
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.
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.
12/48th will vest on January 1, 2025 and thereafter, an additional 1/48th will vest each month for thirty-six months.
Twenty-five percent of this restricted stock unit grant vested on January 1, 2022 and thereafter, an additional 1/4th will vest on each of January 1, 2023, January 1, 2024 and January 1, 2025.
These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
Twenty-five percent of this restricted stock unit grant will vest on January 1, 2025 and thereafter, an additional 1/4th will vest on each of January 1, 2026, January 1, 2027 and January 1, 2028.
Twenty-five percent of this restricted stock unit grant vested on January 1, 2023 and thereafter, an additional 1/4th will vest on each of January1, 2024, January 1, 2025 and January 1, 2026.
Twenty-five percent of this restricted stock unit grant vested on January 1, 2024 and thereafter, an additional 1/4th will vest on each of January 1, 2026, January 1, 2027 and January 1, 2028.