SHAFFER MARK A (VP, Gen. Counsel & Secretary) exercised options at LIQUIDITY SERVICES INC

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

M · 4 exercises

SHAFFER MARK A

Filed: 1/5/2026ACC: 0001677053-26-000002

InsiderSHAFFER MARK ACIK 1677053

→

IssuerLIQUIDITY SERVICES INCCIK 1235468

Officer· VP, Gen. Counsel & Secretary

Since Jul 2018

-4.21K

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

8.02K acquired · 12.24K disposed

Non-Derivative Transactions4

Common Stock

Indirect

M · Option Exercise

+1.43K

Price / share

—

Trade value

—

% of position

2.7%

1/1/2026

53.30K→54.73K

Common Stock

Indirect

M · Option Exercise

+2.12K

Price / share

—

Trade value

—

% of position

3.9%

1/1/2026

54.73K→56.86K

Common Stock

Indirect

M · Option Exercise

+2.40K

Price / share

—

Trade value

—

% of position

4.2%

1/1/2026

56.86K→59.25K

Common Stock

Indirect

M · Option Exercise

+2.07K

Price / share

—

Trade value

—

% of position

3.5%

1/1/2026

59.25K→61.33K

Total

Net shares

+8.02K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	1/1/2026	M · Option Exercise	+1.43K	—	—	2.7%	53.30K	54.73K
Common Stock Indirect	1/1/2026	M · Option Exercise	+2.12K	—	—	3.9%	54.73K	56.86K
Common Stock Indirect	1/1/2026	M · Option Exercise	+2.40K	—	—	4.2%	56.86K	59.25K
Common Stock Indirect	1/1/2026	M · Option Exercise	+2.07K	—	—	3.5%	59.25K	61.33K
Total			+8.02K		$0.00

Derivative Transactions4

Restricted Stock Unit Grant

Direct

M · Option Exercise

Converts to

Common Stock

2.18K shares

−2.18K

Strike price

Held after

0.00

Exercisable

—

1/1/2026

Restricted Stock Unit Grant

Direct

M · Option Exercise

Converts to

Common Stock

6.47K shares

−3.24K

Strike price

Held after

3.24K

Exercisable

—

1/1/2026

Restrited Stock Unit Grant

Direct

M · Option Exercise

Converts to

Common Stock

10.97K shares

−3.66K

Strike price

Held after

7.32K

Exercisable

—

1/1/2026

Restricted Stock Unit Grant

Direct

M · Option Exercise

Converts to

Common Stock

12.65K shares

−3.16K

Strike price

Held after

9.49K

Exercisable

—

1/1/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Unit Grant Direct	Common Stock2.18K shares	1/1/2026	M · Option Exercise	−2.18K	—	0.00
Restricted Stock Unit Grant Direct	Common Stock6.47K shares	1/1/2026	M · Option Exercise	−3.24K	—	3.24K
Restrited Stock Unit Grant Direct	Common Stock10.97K shares	1/1/2026	M · Option Exercise	−3.66K	—	7.32K
Restricted Stock Unit Grant Direct	Common Stock12.65K shares	1/1/2026	M · Option Exercise	−3.16K	—	9.49K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)16

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

8.62K

Shares owned

8.62K

Exercise price

17.31

Expiration

—

Exercise window

—

Restricted Stock Unit Grant

Direct

Underlying security

Common Stock

Underlying shares

5.23K

Shares owned

5.23K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Unit Grant

Direct

Underlying security

Common Stock

Underlying shares

7.32K

Shares owned

7.32K

Exercise price

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

10.70K

Shares owned

10.70K

Exercise price

21.62

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

4.16K

Shares owned

4.16K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Unit Grant

Direct

Underlying security

Common Stock

Underlying shares

12.65K

Shares owned

12.65K

Exercise price

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

13.75K

Shares owned

13.75K

Exercise price

23.52

Expiration

—

Exercise window

—

Restricted Stock Unit Grant

Direct

Underlying security

Common Stock

Underlying shares

14.25K

Shares owned

14.25K

Exercise price

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

11.82K

Shares owned

11.82K

Exercise price

17.31

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

3.04K

Shares owned

3.04K

Exercise price

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

10.70K

Shares owned

10.70K

Exercise price

21.62

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

322.00

Shares owned

322.00

Exercise price

22.2

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

13.75K

Shares owned

13.75K

Exercise price

23.52

Expiration

—

Exercise window

—

Restricted Stock Unit Grant

Direct

Underlying security

Common Stock

Underlying shares

14.25K

Shares owned

14.25K

Exercise price

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

4.64K

Shares owned

4.64K

Exercise price

22.2

Expiration

—

Exercise window

—

Total

Underlying

140.39K

Owned

140.39K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option Grant Direct	Common Stock	17.31	—	—	8.62K	8.62K
Restricted Stock Unit Grant Direct	Common Stock		—	—	5.23K	5.23K
Restricted Stock Unit Grant Direct	Common Stock		—	—	7.32K	7.32K
Stock Option Grant Direct	Common Stock	21.62	—	—	10.70K	10.70K
Restricted Stock Unit Grant Direct	Common Stock		—	—	5.18K	5.18K
Stock Option Grant Direct	Common Stock	14	—	—	4.16K	4.16K
Restricted Stock Unit Grant Direct	Common Stock		—	—	12.65K	12.65K
Stock Option Grant Direct	Common Stock	23.52	—	—	13.75K	13.75K
Restricted Stock Unit Grant Direct	Common Stock		—	—	14.25K	14.25K
Stock Option Grant Direct	Common Stock	17.31	—	—	11.82K	11.82K
Stock Option Grant Direct	Common Stock	14	—	—	3.04K	3.04K
Stock Option Grant Direct	Common Stock	21.62	—	—	10.70K	10.70K
Stock Option Grant Direct	Common Stock	22.2	—	—	322.00	322.00
Stock Option Grant Direct	Common Stock	23.52	—	—	13.75K	13.75K
Restricted Stock Unit Grant Direct	Common Stock		—	—	14.25K	14.25K
Stock Option Grant Direct	Common Stock	22.2	—	—	4.64K	4.64K
Total					140.39K	140.39K