Sec Form 4 Filing - Murray Novelette @ LIQUIDITY SERVICES INC - 2025-02-11

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Murray Novelette 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) Chief Human Resources Officer (Last) (First) (Middle) 6931 ARLINGTON ROAD SUITE 460 3. Date of Earliest Transaction (MM/DD/YY) 02/11/2025 (Street) BETHESDA, MD20814 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 02/11/2025 S 10,000 D $ 34.44 54,119 D Common Stock 02/12/2025 S 10,000 D $ 34.88 44,119 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 ( 2 ) ( 12 ) 01/01/2026 Common Stock 1,745 1,745 D Restricted Stock Unit Grant ( 2 ) ( 13 ) 01/01/2027 Common Stock 5,177 5,177 D Restricted Stock Unit Grant ( 2 ) ( 14 ) 01/01/2028 Common Stock 8,032 8,032 D Restricted Stock Unit Grant ( 2 ) ( 11 ) 01/01/2029 Common Stock 9,500 9,500 D Restricted Stock Unit Grant ( 2 ) ( 3 ) 01/01/2026 Common Stock 9,320 9,320 D Restricted Stock Units ( 2 ) ( 3 ) 01/01/2026 Common Stock 4,188 4,188 D Restricted Stock Unit Grant ( 2 ) ( 3 ) 01/01/2027 Common Stock 10,710 10,710 D Restricted Stock Unit Grant ( 2 ) ( 3 ) 01/01/2029 Common Stock 9,500 9,500 D Stock Option Grant $ 10.3 ( 5 ) 02/02/2027 Common Stock 1,850 1,850 D Stock Option Grant $ 9.46 ( 1 ) 12/01/2030 Common Stock 7,693 7,693 D Stock Option Grant $ 22.2 ( 7 ) 12/07/2031 Common Stock 6,190 6,190 D Stock Option Grant $ 14 ( 8 ) 12/23/2032 Common Stock 5,027 5,027 D Stock Option Grant $ 17.31 ( 9 ) 12/22/2033 Common Stock 8,660 8,660 D Stock Option Grant $ 21.62 ( 10 ) 10/30/2034 Common Stock 8,000 8,000 D Stock Option Grant $ 10.3 ( 4 ) 02/02/2027 Common Stock 1,054 1,054 D Stock Option Grant $ 22.2 ( 6 ) 12/07/2031 Common Stock 6,190 6,190 D Stock Option Grant $ 14 ( 6 ) 12/23/2032 Common Stock 8,320 8,320 D Stock Option Grant $ 17.31 ( 6 ) 12/22/2033 Common Stock 8,660 8,660 D Stock Option Grant $ 21.62 ( 6 ) 10/30/2034 Common Stock 8,000 8,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Murray Novelette 6931 ARLINGTON ROAD SUITE 460 BETHESDA, MD20814 Chief Human Resources Officer Signatures /s/ Mark A. Shaffer, by power of attorney 02/13/2025 Signature of Reporting Person Date

Explanation of Responses:

( 1 )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. ( 2 )Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock. ( 3 )These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones. ( 4 )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. ( 5 )15/48th of this option grant vested on January 1, 2018 and thereafter, an additional 1/48th vests each month for thirty-three months. ( 6 )These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones. ( 7 )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. ( 8 )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. ( 9 )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. ( 10 )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. ( 11 )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. ( 12 )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. ( 13 )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. ( 14 )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.

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).

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