MURRAY NOVELETTE (Chief Human Resources Officer) exercised options at LIQUIDITY SERVICES INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

MURRAY NOVELETTE

Filed: 12/3/2025ACC: 0001825422-25-000005

InsiderMURRAY NOVELETTECIK 1825422

→

IssuerLIQUIDITY SERVICES INCCIK 1235468

Officer· Chief Human Resources Officer

Since Sep 2020

-3.18K

Net shares

Net seller

$63.1K

Total sold

Open market trades

0B · 0S

Total transactions

2.10K acquired · 5.28K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+686.00

Price / share

—

Trade value

—

% of position

2.7%

12/1/2025

25.17K→25.86K

Common Stock

Direct

J · J

−686.00

Price / share

$29.99

Trade value

$20.57K

% of position

2.7%

12/1/2025

25.86K→25.17K

Common Stock

Direct

M · Option Exercise

+1.42K

Price / share

—

Trade value

—

% of position

5.6%

12/1/2025

25.17K→26.59K

Common Stock

Direct

J · J

−1.42K

Price / share

$29.99

Trade value

$42.53K

% of position

5.3%

12/1/2025

26.59K→25.17K

Total

Net shares

+0.00

Net value

-$63.10K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/1/2025	M · Option Exercise	+686.00	—	—	2.7%	25.17K	25.86K
Common Stock Direct	12/1/2025	J · J	−686.00	$29.99	$20.57K	2.7%	25.86K	25.17K
Common Stock Direct	12/1/2025	M · Option Exercise	+1.42K	—	—	5.6%	25.17K	26.59K
Common Stock Direct	12/1/2025	J · J	−1.42K	$29.99	$42.53K	5.3%	26.59K	25.17K
Total			+0.00		-$63.10K

Derivative Transactions2

Restricted Stock Unit Grant

Direct

M · Option Exercise

Converts to

Common Stock

5.18K shares

−1.04K

Strike price

Held after

4.14K

Exercisable

—

12/1/2025

Restricted Stock Unit Grant

Direct

M · Option Exercise

Converts to

Common Stock

7.50K shares

−2.14K

Strike price

Held after

5.36K

Exercisable

—

12/1/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Unit Grant Direct	Common Stock5.18K shares	12/1/2025	M · Option Exercise	−1.04K		—	4.14K
Restricted Stock Unit Grant Direct	Common Stock7.50K shares	12/1/2025	M · Option Exercise	−2.14K		—	5.36K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)21

Restricted Stock Unit Grant

Direct

Underlying security

Common Stock

Underlying shares

9.50K

Shares owned

9.50K

Exercise price

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

1.05K

Shares owned

1.05K

Exercise price

10.30

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Common Stock

Underlying shares

4.19K

Shares owned

4.19K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Unit Grant

Direct

Underlying security

Common Stock

Underlying shares

8.03K

Shares owned

8.03K

Exercise price

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

10.15K

Shares owned

10.15K

Exercise price

23.5

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

7.69K

Shares owned

7.69K

Exercise price

9.46

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

1.85K

Shares owned

1.85K

Exercise price

10.30

Expiration

—

Exercise window

—

Restricted Stock Unit Grant

Direct

Underlying security

Common Stock

Underlying shares

10.55K

Shares owned

10.55K

Exercise price

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

10.15K

Shares owned

10.15K

Exercise price

23.5

Expiration

—

Exercise window

—

Restricted Stock Unit Grant

Direct

Underlying security

Common Stock

Underlying shares

5.18K

Shares owned

5.18K

Exercise price

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

8.66K

Shares owned

8.66K

Exercise price

17.31

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

8.32K

Shares owned

8.32K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Unit Grant

Direct

Underlying security

Common Stock

Underlying shares

10.55K

Shares owned

10.55K

Exercise price

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

21.62

Expiration

—

Exercise window

—

Restricted Stock Unit Grant

Direct

Underlying security

Common Stock

Underlying shares

1.75K

Shares owned

1.75K

Exercise price

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

6.19K

Shares owned

6.19K

Exercise price

22.2

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

5.03K

Shares owned

5.03K

Exercise price

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

6.19K

Shares owned

6.19K

Exercise price

22.2

Expiration

—

Exercise window

—

Restricted Stock Unit Grant

Direct

Underlying security

Common Stock

Underlying shares

9.50K

Shares owned

9.50K

Exercise price

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

21.62

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

8.66K

Shares owned

8.66K

Exercise price

17.31

Expiration

—

Exercise window

—

Total

Underlying

149.19K

Owned

149.19K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Unit Grant Direct	Common Stock		—	—	9.50K	9.50K
Stock Option Grant Direct	Common Stock	10.30	—	—	1.05K	1.05K
Restricted Stock Units Direct	Common Stock		—	—	4.19K	4.19K
Restricted Stock Unit Grant Direct	Common Stock		—	—	8.03K	8.03K
Stock Option Grant Direct	Common Stock	23.5	—	—	10.15K	10.15K
Stock Option Grant Direct	Common Stock	9.46	—	—	7.69K	7.69K
Stock Option Grant Direct	Common Stock	10.30	—	—	1.85K	1.85K
Restricted Stock Unit Grant Direct	Common Stock		—	—	10.55K	10.55K
Stock Option Grant Direct	Common Stock	23.5	—	—	10.15K	10.15K
Restricted Stock Unit Grant Direct	Common Stock		—	—	5.18K	5.18K
Stock Option Grant Direct	Common Stock	17.31	—	—	8.66K	8.66K
Stock Option Grant Direct	Common Stock	14	—	—	8.32K	8.32K
Restricted Stock Unit Grant Direct	Common Stock		—	—	10.55K	10.55K
Stock Option Grant Direct	Common Stock	21.62	—	—	8K	8K
Restricted Stock Unit Grant Direct	Common Stock		—	—	1.75K	1.75K
Stock Option Grant Direct	Common Stock	22.2	—	—	6.19K	6.19K
Stock Option Grant Direct	Common Stock	14	—	—	5.03K	5.03K
Stock Option Grant Direct	Common Stock	22.2	—	—	6.19K	6.19K
Restricted Stock Unit Grant Direct	Common Stock		—	—	9.50K	9.50K
Stock Option Grant Direct	Common Stock	21.62	—	—	8K	8K
Stock Option Grant Direct	Common Stock	17.31	—	—	8.66K	8.66K
Total					149.19K	149.19K