SHAFFER MARK A (VP, Gen. Counsel & Secretary) sold 9.0% of their position (6.76K shares) of LIQUIDITY SERVICES INC on the open market

Open‑market sale worth $234.6K — a moderate reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 5 sales

SHAFFER MARK A

Filed: 5/13/2026ACC: 0001677053-26-000006

InsiderSHAFFER MARK ACIK 1677053

→

IssuerLIQUIDITY SERVICES INCCIK 1235468

Officer· VP, Gen. Counsel & Secretary

Since Jul 2018

-22.91K

Net shares

Net seller

$234.6K

Total sold

Open market trades

0B · 5S

Total transactions

10.03K acquired · 32.94K disposed

Non-Derivative Transactions14

Common Stock

Indirect

M · Option Exercise

+874.00

Price / share

$14.00

Trade value

$12.24K

% of position

1.3%

5/11/2026

68.67K→69.54K

Common Stock

Indirect

S · Sale

−874.00

Price / share

$34.62

Trade value

$30.26K

% of position

1.3%

5/11/2026

69.54K→68.67K

Common Stock

Indirect

M · Option Exercise

+3.31K

Price / share

$17.31

Trade value

$57.24K

% of position

4.8%

5/11/2026

68.67K→71.97K

Common Stock

Indirect

S · Sale

−3.31K

Price / share

$34.62

Trade value

$114.49K

% of position

4.6%

5/11/2026

71.97K→68.67K

Common Stock

Indirect

M · Option Exercise

+852.00

Price / share

$21.62

Trade value

$18.42K

% of position

1.2%

5/11/2026

68.67K→69.52K

Common Stock

Indirect

S · Sale

−852.00

Price / share

$34.62

Trade value

$29.50K

% of position

1.2%

5/11/2026

69.52K→68.67K

Common Stock

Indirect

M · Option Exercise

+866.00

Price / share

$21.62

Trade value

$18.72K

% of position

1.3%

5/11/2026

68.67K→69.53K

Common Stock

Indirect

S · Sale

−866.00

Price / share

$34.62

Trade value

$29.98K

% of position

1.2%

5/11/2026

69.53K→68.67K

Common Stock

Indirect

M · Option Exercise

+864.00

Price / share

$17.31

Trade value

$14.96K

% of position

1.3%

5/11/2026

68.67K→69.53K

Common Stock

Indirect

S · Sale

−864.00

Price / share

$35.15

Trade value

$30.37K

% of position

1.2%

5/11/2026

69.53K→68.67K

Common Stock

Indirect

M · Option Exercise

+322.00

Price / share

$22.20

Trade value

$7.15K

% of position

0.5%

5/11/2026

68.67K→68.99K

Common Stock

Indirect

M · Option Exercise

+1.30K

Price / share

$14.00

Trade value

$18.21K

% of position

1.9%

5/11/2026

68.99K→70.29K

Common Stock

Indirect

M · Option Exercise

+1.23K

Price / share

$17.31

Trade value

$21.33K

% of position

1.8%

5/11/2026

70.29K→71.52K

Common Stock

Indirect

M · Option Exercise

+409.00

Price / share

$21.62

Trade value

$8.84K

% of position

0.6%

5/11/2026

71.52K→71.93K

Total

Net shares

+3.26K

Net value

-$57.48K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	5/11/2026	M · Option Exercise	+874.00	$14.00	$12.24K	1.3%	68.67K	69.54K
Common Stock Indirect	5/11/2026	S · Sale	−874.00	$34.62	$30.26K	1.3%	69.54K	68.67K
Common Stock Indirect	5/11/2026	M · Option Exercise	+3.31K	$17.31	$57.24K	4.8%	68.67K	71.97K
Common Stock Indirect	5/11/2026	S · Sale	−3.31K	$34.62	$114.49K	4.6%	71.97K	68.67K
Common Stock Indirect	5/11/2026	M · Option Exercise	+852.00	$21.62	$18.42K	1.2%	68.67K	69.52K
Common Stock Indirect	5/11/2026	S · Sale	−852.00	$34.62	$29.50K	1.2%	69.52K	68.67K
Common Stock Indirect	5/11/2026	M · Option Exercise	+866.00	$21.62	$18.72K	1.3%	68.67K	69.53K
Common Stock Indirect	5/11/2026	S · Sale	−866.00	$34.62	$29.98K	1.2%	69.53K	68.67K
Common Stock Indirect	5/11/2026	M · Option Exercise	+864.00	$17.31	$14.96K	1.3%	68.67K	69.53K
Common Stock Indirect	5/11/2026	S · Sale	−864.00	$35.15	$30.37K	1.2%	69.53K	68.67K
Common Stock Indirect	5/11/2026	M · Option Exercise	+322.00	$22.20	$7.15K	0.5%	68.67K	68.99K
Common Stock Indirect	5/11/2026	M · Option Exercise	+1.30K	$14.00	$18.21K	1.9%	68.99K	70.29K
Common Stock Indirect	5/11/2026	M · Option Exercise	+1.23K	$17.31	$21.33K	1.8%	70.29K	71.52K
Common Stock Indirect	5/11/2026	M · Option Exercise	+409.00	$21.62	$8.84K	0.6%	71.52K	71.93K
Total			+3.26K		-$57.48K

Derivative Transactions7

Stock Option Grant

Direct

M · Option Exercise

Converts to

Common Stock

322.00 shares

−322.00

Strike price

22.2

Held after

0.00

Exercisable

—

5/11/2026

Stock Option Grant

Direct

M · Option Exercise

Converts to

Common Stock

3.04K shares

−1.30K

Strike price

Held after

1.73K

Exercisable

—

5/11/2026

Stock Option Grant

Direct

M · Option Exercise

Converts to

Common Stock

8.62K shares

−6.19K

Strike price

17.31

Held after

2.43K

Exercisable

—

5/11/2026

Stock Option Grant

Direct

M · Option Exercise

Converts to

Common Stock

10.70K shares

−3.57K

Strike price

21.62

Held after

7.13K

Exercisable

—

5/11/2026

Stock Option Grant

Direct

M · Option Exercise

Converts to

Common Stock

4.16K shares

−2.13K

Strike price

Held after

2.03K

Exercisable

—

5/11/2026

Stock Option Grant

Direct

M · Option Exercise

Converts to

Common Stock

11.82K shares

−9.46K

Strike price

17.31

Held after

2.37K

Exercisable

—

5/11/2026

Stock Option Grant

Direct

M · Option Exercise

Converts to

Common Stock

10.70K shares

−3.21K

Strike price

21.62

Held after

7.49K

Exercisable

—

5/11/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option Grant Direct	Common Stock322.00 shares	5/11/2026	M · Option Exercise	−322.00	22.2	—	0.00
Stock Option Grant Direct	Common Stock3.04K shares	5/11/2026	M · Option Exercise	−1.30K	14	—	1.73K
Stock Option Grant Direct	Common Stock8.62K shares	5/11/2026	M · Option Exercise	−6.19K	17.31	—	2.43K
Stock Option Grant Direct	Common Stock10.70K shares	5/11/2026	M · Option Exercise	−3.57K	21.62	—	7.13K
Stock Option Grant Direct	Common Stock4.16K shares	5/11/2026	M · Option Exercise	−2.13K	14	—	2.03K
Stock Option Grant Direct	Common Stock11.82K shares	5/11/2026	M · Option Exercise	−9.46K	17.31	—	2.37K
Stock Option Grant Direct	Common Stock10.70K shares	5/11/2026	M · Option Exercise	−3.21K	21.62	—	7.49K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)10

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

7.32K

Shares owned

7.32K

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

—

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

—

Restricted Stock Unit Grant

Direct

Underlying security

Common Stock

Underlying shares

2.93K

Shares owned

2.93K

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

—

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

—

Restricted Stock Unit Grant

Direct

Underlying security

Common Stock

Underlying shares

8.86K

Shares owned

8.86K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

92.46K

Owned

92.46K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Unit Grant Direct	Common Stock		—	—	14.25K	14.25K
Restricted Stock Unit Grant Direct	Common Stock		—	—	7.32K	7.32K
Restricted Stock Unit Grant Direct	Common Stock		—	—	9.49K	9.49K
Stock Option Grant Direct	Common Stock	23.52	—	—	13.75K	13.75K
Restricted Stock Unit Grant Direct	Common Stock		—	—	3.24K	3.24K
Restricted Stock Unit Grant Direct	Common Stock		—	—	2.93K	2.93K
Stock Option Grant Direct	Common Stock	22.2	—	—	4.64K	4.64K
Stock Option Grant Direct	Common Stock	23.52	—	—	13.75K	13.75K
Restricted Stock Unit Grant Direct	Common Stock		—	—	14.25K	14.25K
Restricted Stock Unit Grant Direct	Common Stock		—	—	8.86K	8.86K
Total					92.46K	92.46K