FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 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 *
Shaffer Mark A
  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)
VP, Gen. Counsel & Secretary
(Last)
(First)
(Middle)
C/O LIQUIDITY SERVICES, INC., 6931 ARLINGTON ROAD, SUTIE 200		 3. Date of Earliest Transaction (Month/Day/Year)
08/19/2024
(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 08/19/2024   S   827 D $ 22.57 38,415 I By The Mark A. Shaffer Revocable Trust
Common Stock 08/19/2024   M(1)   3,564 A $ 9.46 41,979 I By The Mark A. Shaffer Revocable Trust
Common Stock 08/19/2024   S   3,564 D $ 22.04 38,415 I By The Mark A. Shaffer Revocable Trust
Common Stock 08/19/2024   M(2)   3,245 A $ 6.11 41,660 I By The Mark A. Shaffer Revocable Trust
Common Stock 08/19/2024   M(2)   10,342 A $ 6.69 52,002 I By The Mark A. Shaffer Revocable Trust
Common Stock 08/19/2024   M(2)   12,055 A $ 9.46 64,057 I By The Mark A. Shaffer Revocable Trust
Common Stock 08/19/2024   S(4)   8,923 D $ 22.76 55,134 I By The Mark A. Shaffer Revocable Trust
Common Stock 08/20/2024   S   1,000 D $ 22.1 54,134 I By The Mark A. Shaffer Revocable Trust
Common Stock 08/21/2024   S   7,673 D $ 21.94 46,461 I By The Mark A. Shaffer Revocable Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Stock Option Grant $ 6.11 08/19/2024   M(3)     3,245   (5) 12/04/2028 Common Stock 3,245 $ 0 0 D  
Stock Option Grant $ 6.69 08/19/2024   M(3)     10,342   (6) 12/03/2029 Common Stock 10,342 $ 0 0 D  
Stock Option Grant $ 9.46 08/19/2024   M(3)     21,174   (7) 12/01/2030 Common Stock 25,617 $ 0 4,443 D  
Restricted Stock Unit Grant (11)               (8) 01/01/2025 Common Stock 1,912   1,912 D  
Stock Option Grant $ 22.2               (9) 12/07/2031 Common Stock 7,740   7,740 D  
Stock Option Grant $ 22.2               (10) 12/07/2031 Common Stock 7,740   7,740 D  
Restricted Stock Unit Grant (11)               (12) 01/01/2026 Common Stock 6,540   6,540 D  
Restricted Stock Unit Grant (11)               (13) 01/01/2026 Common Stock 6,540   6,540 D  
Stock Option Grant $ 14               (14) 12/23/2032 Common Stock 10,405   10,405 D  
Stock Option Grant $ 14               (15) 12/23/2032 Common Stock 10,405   10,405 D  
Restrcited Stock Unit Grant (11)               (16) 01/01/2027 Common Stock 9,712   9,712 D  
Restricted Stock Unit Grant (11)               (14) 01/01/2026 Common Stock 12,950   12,950 D  
Restricted Stock Unit Grant (11)               (17) 01/01/2027 Common Stock 14,630   14,630 D  
Restricted Stock Unit Grant (11)               (18) 01/01/2028 Common Stock 14,630   14,630 D  
Stock Option Grant $ 17.31               (14) 12/22/2033 Common Stock 11,825   11,825 D  
Stock Option Grant $ 17.31               (19) 12/22/2033 Common Stock 11,825   11,825 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Shaffer Mark A
C/O LIQUIDITY SERVICES, INC.
6931 ARLINGTON ROAD, SUTIE 200
BETHESDA, MD 20814		       VP, Gen. Counsel & Secretary  

Signatures

 /s/ Mark A. Shaffer   08/21/2024
**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) The reporting person exercised 9,119 stock options; 5,555 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 3,564 shares were acquired by the reporting person.
(2) Represents an exercise of stock options.
(3) Represents an exercise of stock options.
(4) The reporting person surrendered 8,923 shares with a market value of $203,087.48 to the issuer to pay the cost and related taxes associated with the exercise of the stock options described above (i.e., the 3,245 options at $6.11, the 10,342 stock options at $6.69 and 12, 055 stock options at $9.46).
(5) 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
(6) 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.
(7) 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
(8) 11. 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.
(9) These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
(10) 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.
(11) Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
(12) These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
(13) 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.
(14) These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
(15) 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.
(16) Twenty-five percent of this restricted stock unit grant will vest on January 1, 2024, and thereafter 25% will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
(17) These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
(18) Twenty-five percent of this restricted stock unit grant will vest on January 1, 2025 and thereafter, an additional 1/4th will vest on each of January 1, 2026, January 1, 2027 and January 1, 2028.
(19) 12/48th of this option grant will vest on January 1, 2025 and thereafter, an additional 1/48th will vest each month for thirty-six months.

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