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 · 3 exercises

SHAFFER MARK A

Filed: 2/17/2026ACC: 0001677053-26-000004

InsiderSHAFFER MARK ACIK 1677053

→

IssuerLIQUIDITY SERVICES INCCIK 1235468

Officer· VP, Gen. Counsel & Secretary

Since Jul 2018

-3.49K

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

7.34K acquired · 10.83K disposed

Non-Derivative Transactions3

Common Stock

Indirect

M · Option Exercise

+1.79K

Price / share

—

Trade value

—

% of position

2.9%

2/13/2026

61.33K→63.12K

Common Stock

Indirect

M · Option Exercise

+2.97K

Price / share

—

Trade value

—

% of position

4.7%

2/13/2026

63.12K→66.09K

Common Stock

Indirect

M · Option Exercise

+2.57K

Price / share

—

Trade value

—

% of position

3.9%

2/13/2026

66.09K→68.67K

Total

Net shares

+7.34K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	2/13/2026	M · Option Exercise	+1.79K	—	—	2.9%	61.33K	63.12K
Common Stock Indirect	2/13/2026	M · Option Exercise	+2.97K	—	—	4.7%	63.12K	66.09K
Common Stock Indirect	2/13/2026	M · Option Exercise	+2.57K	—	—	3.9%	66.09K	68.67K
Total			+7.34K		$0.00

Derivative Transactions3

Restricted Stock Unit Grant

Direct

M · Option Exercise

Converts to

Common Stock

5.18K shares

−2.65K

Strike price

Held after

0.00

Exercisable

—

2/13/2026

Restricted Stock Unit Grant

Direct

M · Option Exercise

Converts to

Common Stock

7.32K shares

−4.39K

Strike price

Held after

2.93K

Exercisable

—

2/13/2026

Restricted Stock Unit Grant

Direct

M · Option Exercise

Converts to

Common Stock

12.65K shares

−3.79K

Strike price

Held after

8.86K

Exercisable

—

2/13/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Unit Grant Direct	Common Stock5.18K shares	2/13/2026	M · Option Exercise	−2.65K	—	0.00
Restricted Stock Unit Grant Direct	Common Stock7.32K shares	2/13/2026	M · Option Exercise	−4.39K	—	2.93K
Restricted Stock Unit Grant Direct	Common Stock12.65K shares	2/13/2026	M · Option Exercise	−3.79K	—	8.86K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)15

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

3.24K

Shares owned

3.24K

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

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

8.62K

Shares owned

8.62K

Exercise price

17.31

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

4.16K

Shares owned

4.16K

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

—

Restricted Stock Unit Grant

Direct

Underlying security

Common Stock

Underlying shares

14.25K

Shares owned

14.25K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Unit Grant

Direct

Underlying security

Common Stock

Underlying shares

9.49K

Shares owned

9.49K

Exercise price

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

322.00

Shares owned

322.00

Exercise price

22.2

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

11.82K

Shares owned

11.82K

Exercise price

17.31

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

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

—

Total

Underlying

130.05K

Owned

130.05K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option Grant Direct	Common Stock	23.52	—	—	13.75K	13.75K
Restricted Stock Unit Grant Direct	Common Stock		—	—	3.24K	3.24K
Stock Option Grant Direct	Common Stock	23.52	—	—	13.75K	13.75K
Stock Option Grant Direct	Common Stock	17.31	—	—	8.62K	8.62K
Stock Option Grant Direct	Common Stock	14	—	—	4.16K	4.16K
Stock Option Grant Direct	Common Stock	22.2	—	—	4.64K	4.64K
Restricted Stock Unit Grant Direct	Common Stock		—	—	14.25K	14.25K
Restricted Stock Unit Grant Direct	Common Stock		—	—	9.49K	9.49K
Restricted Stock Unit Grant Direct	Common Stock		—	—	14.25K	14.25K
Stock Option Grant Direct	Common Stock	22.2	—	—	322.00	322.00
Stock Option Grant Direct	Common Stock	14	—	—	3.04K	3.04K
Stock Option Grant Direct	Common Stock	17.31	—	—	11.82K	11.82K
Stock Option Grant Direct	Common Stock	21.62	—	—	10.70K	10.70K
Restricted Stock Unit Grant Direct	Common Stock		—	—	7.32K	7.32K
Stock Option Grant Direct	Common Stock	21.62	—	—	10.70K	10.70K
Total					130.05K	130.05K