Hennessy Paul J. 4

What Happened

• Paul J. Hennessy, a director of Liquidity Services, Inc. (LQDT), was granted 5,694 restricted stock units (RSUs) on March 1, 2026. The Form 4 reports the acquisition price as $0.00 (award/derivative), so no cash was paid by the insider. Each RSU represents the economic equivalent of one share of common stock (see footnote F1).

Key Details

• Transaction date: March 1, 2026; filing date: March 2, 2026 (appears timely under Form 4 rules).
• Award amount: 5,694 RSUs; reported acquisition price: $0.00 (award).
• Vesting: these RSUs vest on the first anniversary of the grant (March 1, 2027) (footnote F3).
• Additional note: the filing also references a separate RSU grant from October 1, 2025 that vests October 1, 2026 (footnote F2).
• Shares owned after the transaction: not specified in the reported Form 4.

Context

• RSU grants are awards that convert into shares (or cash equivalent) only upon vesting; they are not an immediate open-market purchase or sale. Such awards are a common form of director compensation and do not, by themselves, indicate a buy/sell signal until vested shares are delivered or sold.