X0407 4 2023-06-02 0 0001235468 LIQUIDITY SERVICES INC LQDT 0001825422 Murray Novelette 6931 ARLINGTON ROAD SUITE 200 BETHESDA MD 20814 0 1 0 0 Chief Human Resources Officer 0 Common Stock 2023-06-02 4 M 0 1757 6.69 A 44930 D Common Stock 2023-06-02 4 S 0 1757 16.00 D 43173 D Common Stock 2023-06-02 4 M 0 767 9.46 A 43940 D Common Stock 2023-06-02 4 S 0 767 16.00 D 43173 D Common Stock 2023-06-05 4 M 0 400 9.46 A 43573 D Common Stock 2023-06-05 4 S 0 400 16.06 D 43173 D Restricted Stock Unit Grant 2024-01-01 Common Stock 462 462 D Restricted Stock Unit Grant 2025-01-01 Common Stock 2950 2950 D Restricted Stock Unit Grant 2024-10-01 Common Stock 10000 10000 D Restricted Stock Unit Grant 2026-01-01 Common Stock 5235 5235 D Restricted Stock Unit Grant 2027-01-01 Common Stock 10355 10355 D Restricted Stock Unit Grant 2026-01-01 Common Stock 6980 6980 D Restricted Stock Unit Grant 2026-01-01 Common Stock 10355 10355 D Stock Option Grant 10.30 2027-02-02 Common Stock 1054 1054 D Stock Option Grant 6.69 2023-06-02 4 M 0 4450 0.00 D 2029-12-03 Common Stock 4450 0 D Stock Option Grant 9.46 2023-06-02 4 M 0 3807 0.00 D 2030-12-01 Common Stock 20750 16943 D Stock Option Grant 22.20 2031-12-07 Common Stock 6190 6190 D Stock Option Grant 14.00 2032-12-23 Common Stock 8320 8320 D Stock Option Grant 10.30 2027-02-02 Common Stock 1850 1850 D Stock Option Grant 6.11 2028-12-04 Common Stock 1344 1344 D Stock Option Grant 6.69 2029-12-03 Common Stock 2538 2538 D Stock Option Grant 9.46 2030-12-01 Common Stock 28296 28296 D Stock Option Grant 22.20 2031-12-07 Common Stock 6190 6190 D Stock Option Grant 14.00 2032-12-23 Common Stock 8320 8320 D The reporting person exercised 4,450 stock options; 2,693 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,757 shares were acquired by the reporting person. The reporting person exercised 2,765 stock options; 1,998 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 767 shares were acquired by the reporting person. The reporting person exercised 1,042 stock options; 642 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 400 shares were acquired by the reporting person. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock. Twenty-five percent of this restricted stock unit grant vested on January 1, 2021 and thereafter, an additional 1/4th vests on each of January 1, 2022, January 1, 2023 and January 1, 2024. Twenty-five percent of this restricted stock unit grant vested on January 1, 2022 and thereafter, an additional 1/4th will vest on each of January 1, 2023, January 1, 2024 and January 1, 2025. Twenty-five percent of this restricted stock unit grant vested on October 1, 2021 and thereafter, an additional 1/4th will vest on each of October 1, 2022, October 1, 2023, and October 1, 2024. Twenty-five percent of this restricted stock unit grant vested on January 1, 2023 and thereafter, an additional 1/4th will vest on each of January 1, 2024, January 1, 2025 and January 1, 2026. Twenty-five percent of this restricted stock unit grant will vest on January 1, 2024 and thereafter, an additional 1/4th will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027. These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones. These options become exercisable, if at all, based on the completion of the Issuer's strategic transformation as well as the Issuer's achievement of certain financial milestones. Represents the exercise of stock options. These options become exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in the Issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock. Represents the exercise of 2,765 stock options on June 2, 2023 and the excercise of 1,042 stock options on June 5, 2023. This option becomes excercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones. 12/48th of this option grant will vest on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones. 15/48th of this option grant vested on January 1, 2018 and thereafter, an additional 1/48th vests each month for thirty-three months. 12/48th of this option grant vested on January 1, 2020 and thereafter an additional 1/48th vests each month for thirty-six months. 12/48th of this option grant vested on January 1, 2021 and thereafter, 1/48th will vest each month for thirty-six months. 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months. This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones. 12/48th of this option grant will vest on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months. /s/ Mark. A Shaffer, by power of attorney 2023-06-06