SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person* Celaya Jorge (Last) (First) (Middle) C/O LIQUIDITY SERVICES, INC. 6931 ARLINGTON ROAD, SUITE 460 (Street) BETHESDA MD 20814 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol LIQUIDITY SERVICES INC [ LQDT ] Foreign Trading Symbol	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) Other (specify below) EVP & Chief Financial Officer
	3. Date of Earliest Transaction (Month/Day/Year) 08/21/2026
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/21/2026		M(14)		1,367	A	$0	68,262	I	By the Jorge Celaya Revocable Trust
Common Stock	08/21/2026		M(15)		1,047	A	$0	69,309	I	By the Jorge Celaya Revocable Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit Grant	(6)							(8)	01/01/2027	Common Stock	5,177		5,177	D
Restricted Stock Unit Grant	(6)							(7)	01/01/2028	Common Stock	13,387		13,387	D
Restricted Stock Unit Grant	(6)							(9)	01/01/2029	Common Stock	15,375		15,375	D
Restricted Stock Unit Grant	(6)							(12)	01/01/2030	Common Stock	32,850		32,850	D
Restricted Stock Unit Grant	(6)	08/21/2026		M			2,677	(5)	01/01/2027	Common Stock	5,355	$0	2,678	D
Restricted Stock Unit Grant	(6)	08/21/2026		M			2,050	(5)	01/01/2029	Common Stock	10,250	$0	8,200	D
Restricted Stock Unit Grant	(6)							(5)	01/01/2030	Common Stock	32,850		32,850	D
Stock Option Grant	$22.2							(13)	12/07/2031	Common Stock	7,740		7,740	D
Stock Option Grant	$14							(3)	12/23/2032	Common Stock	16,640		16,640	D
Stock Option Grant	$17.31							(4)	12/22/2033	Common Stock	19,435		19,435	D
Stock Option Grant	$21.62							(10)	10/30/2034	Common Stock	17,350		17,350	D
Stock Option Grant	$23.52							(11)	10/29/2035	Common Stock	31,650		31,650	D
Stock Option Grant	$22.2							(2)	12/07/2031	Common Stock	3,096		3,096	D
Stock Option Grant	$14							(2)	12/23/2032	Common Stock	13,387		13,387	D
Stock Option Grant	$17.31							(2)	12/22/2033	Common Stock	21,640		21,640	D
Stock Option Grant	$21.62							(2)	10/30/2034	Common Stock	17,350		17,350	D
Stock Option Grant	$23.52							(2)	10/29/2035	Common Stock	31,650		31,650	D
Stock Option Grant	$9.46							(1)	12/01/2030	Common Stock	6,596		6,596	D

Explanation of Responses:

1. These options became fully exercisable on January 1, 2025.

2. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.

3. 12/48th of this option grant vested on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.

4. 12/48th of this option grant vested on January 1, 2025 and thereafter, an additional 1/48th will vest each month for thirty-six months.

5. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.

6. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.

7. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2025, January 1, 2026, January 1, 2027 and January 1, 2028.

8. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2024, January 1, 2025, January 1, 2026 and January 1, 2027.

9. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2026, January 1, 2027, January 1, 2028 and January 1, 2029.

10. 12/48th of this option grant will vest on January 1, 2026, and, thereafter, an additional 1/48th will vest each month for thirty-six months.

11. 12/48th of this option grant will vest on January 1, 2027, and, thereafter, an additional 1/48th will vest each month for thirty-six months.

12. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2027, January 1, 2028, January 1, 2029 and January 1, 2030.

13. These options became fully exercisable on January 1, 2026.

14. Represents the net issuance of 1,367 shares from the vesting of 2,677 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 1,310 shares.

15. Represents the net issuance of 1,047 shares from the vesting of 2,050 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 1,003 shares.

	/s/ Mark A. Shaffer, by power of attorney	08/25/2026
	** Signature of Reporting Person	Date
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