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 · 2 exercises

SHAFFER MARK A

Filed: 8/25/2026ACC: 0001677053-26-000012

InsiderSHAFFER MARK ACIK 1677053

→

IssuerLIQUIDITY SERVICES INCCIK 1235468

Officer· VP, Gen. Counsel & Secretary

Since Jul 2018

-1.29K

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

1.44K acquired · 2.73K disposed

Non-Derivative Transactions2

Common Stock

Indirect

M · Option Exercise

+771.00

Price / share

—

Trade value

—

% of position

2.7%

8/21/2026

28.40K→29.17K

Common Stock

Indirect

M · Option Exercise

+667.00

Price / share

—

Trade value

—

% of position

2.3%

8/21/2026

29.17K→29.84K

Total

Net shares

+1.44K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	8/21/2026	M · Option Exercise	+771.00	—	—	2.7%	28.40K	29.17K
Common Stock Indirect	8/21/2026	M · Option Exercise	+667.00	—	—	2.3%	29.17K	29.84K
Total			+1.44K		$0.00

Derivative Transactions2

Restricted Stock Unit Grant

Direct

M · Option Exercise

Converts to

Common Stock

2.93K shares

−1.46K

Strike price

Held after

1.46K

Exercisable

—

8/21/2026

Restricted Stock Unit Grant

Direct

M · Option Exercise

Converts to

Common Stock

6.33K shares

−1.26K

Strike price

Held after

5.06K

Exercisable

—

8/21/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Unit Grant Direct	Common Stock2.93K shares	8/21/2026	M · Option Exercise	−1.46K		—	1.46K
Restricted Stock Unit Grant Direct	Common Stock6.33K shares	8/21/2026	M · Option Exercise	−1.26K		—	5.06K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)14

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

7.49K

Shares owned

7.49K

Exercise price

21.62

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

1.73K

Shares owned

1.73K

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

2.37K

Shares owned

2.37K

Exercise price

17.31

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

7.13K

Shares owned

7.13K

Exercise price

21.62

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

4.93K

Shares owned

4.93K

Exercise price

17.31

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

13.75K

Shares owned

13.75K

Exercise price

23.52

Expiration

—

Exercise window

—

Stock Option Grant

Direct

Underlying security

Common Stock

Underlying shares

2.03K

Shares owned

2.03K

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

—

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

7.32K

Shares owned

7.32K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

106.37K

Owned

106.37K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Unit Grant Direct	Common Stock		—	—	14.25K	14.25K
Stock Option Grant Direct	Common Stock	21.62	—	—	7.49K	7.49K
Restricted Stock Unit Grant Direct	Common Stock		—	—	3.24K	3.24K
Stock Option Grant Direct	Common Stock	14	—	—	1.73K	1.73K
Stock Option Grant Direct	Common Stock	22.2	—	—	4.64K	4.64K
Stock Option Grant Direct	Common Stock	17.31	—	—	2.37K	2.37K
Stock Option Grant Direct	Common Stock	21.62	—	—	7.13K	7.13K
Stock Option Grant Direct	Common Stock	17.31	—	—	4.93K	4.93K
Stock Option Grant Direct	Common Stock	23.52	—	—	13.75K	13.75K
Stock Option Grant Direct	Common Stock	23.52	—	—	13.75K	13.75K
Stock Option Grant Direct	Common Stock	14	—	—	2.03K	2.03K
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		—	—	7.32K	7.32K
Total					106.37K	106.37K