Statement of Changes in Beneficial Ownership (Form 4)

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * Murray Novelette 2. Issuer Name and Ticker or Trading Symbol LIQUIDITY SERVICES INC [LQDT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Human Resources Officer (Last) (First) (Middle) 6931 ARLINGTON ROAD SUITE 460 3. Date of Earliest Transaction (Month/Day/Year) 08/25/2025 (Street) BETHESDA, MD 20814 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) 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 08/25/2025 M(17) 1,383 A $ 0 26,555 D Common Stock 08/25/2025 J(15) 1,383 D $26.62 25,172 D Common Stock 08/25/2025 M(18) 715 A $ 0 25,887 D Common Stock 08/25/2025 J(16) 715 D $26.62 25,172 D

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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 Underlying Securities (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 of Derivative Security: 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	(2)							(12)	01/01/2026	Common Stock	1,745		1,745	D
Restricted Stock Unit Grant	(2)							(13)	01/01/2027	Common Stock	5,177		5,177	D
Restricted Stock Unit Grant	(2)							(14)	01/01/2028	Common Stock	8,032		8,032	D
Restricted Stock Unit Grant	(2)							(11)	01/01/2029	Common Stock	9,500		9,500	D
Restricted Stock Units	(2)							(3)	01/01/2026	Common Stock	4,188		4,188	D
Restricted Stock Unit Grant	(2)							(3)	01/01/2029	Common Stock	9,500		9,500	D
Stock Option Grant	$10.3							(5)	02/02/2027	Common Stock	1,850		1,850	D
Stock Option Grant	$9.46							(1)	12/01/2030	Common Stock	7,693		7,693	D
Stock Option Grant	$22.20							(7)	12/07/2031	Common Stock	6,190		6,190	D
Stock Option Grant	$14							(8)	12/23/2032	Common Stock	5,027		5,027	D
Stock Option Grant	$17.31							(9)	12/22/2033	Common Stock	8,660		8,660	D
Stock Option Grant	$21.62							(10)	10/30/2034	Common Stock	8,000		8,000	D
Stock Option Grant	$10.3							(4)	02/02/2027	Common Stock	1,054		1,054	D
Stock Option Grant	$22.20							(6)	12/07/2031	Common Stock	6,190		6,190	D
Stock Option Grant	$14							(6)	12/23/2032	Common Stock	8,320		8,320	D
Stock Option Grant	$17.31							(6)	12/22/2033	Common Stock	8,660		8,660	D
Stock Option Grant	$21.62							(6)	10/30/2034	Common Stock	8,000		8,000	D
Restricted Stock Unit Grant	(2)	08/25/2025		M			2,071	(3)	01/01/2026	Common Stock	7,249	$ 0	5,178	D
Restricted Stock Unit Grant	(2)	08/25/2025		M			1,071	(3)	01/01/2027	Common Stock	8,568	$ 0	7,497	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Murray Novelette 6931 ARLINGTON ROAD SUITE 460 BETHESDA, MD 20814			Chief Human Resources Officer

Signatures

/s/ Mark A. Shaffer, by power of attorney		09/09/2025
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	12/48th of this option grant vested on January 1, 2022 and thereafter, an additional 1/48th will vest each month for thirty-six months.
(2)	Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
(3)	These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
(4)	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.
(5)	15/48th of this option grant vested on January 1, 2018 and thereafter, an additional 1/48th vests each month for thirty-three months.
(6)	These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
(7)	12/48th of this option grant vested on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.
(8)	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.
(9)	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.
(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)	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.
(12)	Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2023, January 1, 2024, January 1, 2025 and January 1, 2026.
(13)	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.
(14)	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.
(15)	In accordance with the Issuer's policies, the reporting person has elected that each time RSUs vest, shares are withheld by the issuer to cover taxes and any remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 1,383 shares received by the reporting person pursuant to the election described in the immediately preceding sentence.
(16)	In accordance with the Issuer's policies, the reporting person has elected that each time RSUs vest, shares are withheld by the issuer to cover taxes and any remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 715 shares received by the reporting person pursuant to the election described in the immediately preceding sentence.
(17)	Represents the net issuance of 1,383 shares from the vesting of 2,071 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 688 shares.
(18)	Represents the net issuance of 715 shares from the vesting of 1,071 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 356 shares.

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