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

1. Name and Address of Reporting Person ^* Daunt John	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 Commercial Officer
(Last) (First) (Middle) C/O LIQUIDITY SERVICES, INC., 6931 ARLINGTON ROAD SUITE 200	3. Date of Earliest Transaction (MM/DD/YYYY) 2/5/2021
(Street) BETHESDA, MD 20814 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ 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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	2/5/2021		S		25000	D	$17.50	86571	D
Common Stock	2/9/2021		S		10000	D	$17.47	76571	D

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option	$10.3							⁽¹⁾	12/20/2026	Common Stock	989.0		989	D
Employee Stock Grant	⁽²⁾							⁽³⁾	10/1/2027	Common Stock	1656.0		1656	D
Employee Stock Grant	⁽²⁾							⁽⁴⁾	10/1/2021	Common Stock	2014.0		2014	D
Employee Stock Grant	⁽²⁾							⁽⁵⁾	1/1/2023	Common Stock	1675.0		1675	D
Employee Stock Option	$6.11							⁽¹⁾	12/4/2028	Common Stock	14033.0		14033	D
Employee Stock Option	$6.11							⁽⁶⁾	10/1/2022	Common Stock	9600.0		9600	D
Employee Stock Grant	⁽²⁾							⁽⁷⁾	1/1/2024	Common Stock	12225.0		12225	D
Employee Stock Option	$6.58							⁽¹⁾	4/30/2029	Common Stock	10458.0		10458	D
Employee Stock Option	$6.58							⁽⁸⁾	5/1/2029	Common Stock	14344.0		14344	D
Employee Stock Grant	⁽²⁾							⁽⁹⁾	5/1/2023	Common Stock	11250.0		11250	D
Employee Stock Option	$6.69							⁽¹⁾	12/3/2029	Common Stock	38950.0		38950	D
Employee Stock Option	$6.69							⁽¹⁰⁾	12/3/2029	Common Stock	38950.0		38950	D
Employee Stock Grant	⁽²⁾							⁽¹¹⁾	1/1/2025	Common Stock	30000.0		30000	D
Employee Stock Option	$9.46							⁽¹²⁾	12/1/2030	Common Stock	61200.0		61200	D
Employee Stock Option	$9.46							⁽¹³⁾	12/1/2030	Common Stock	61200.0		61200	D
Employee Stock Grant	⁽²⁾							⁽¹⁴⁾	1/1/2025	Common Stock	11050.0		11050	D
Employee Stock Grant	⁽²⁾							⁽¹⁵⁾	1/1/2025	Common Stock	11050.0		11050	D

Explanation of Responses:
(1)	These options become exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a 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.
(2)	Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
(3)	These restricted stock units vest, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a 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.
(4)	Twenty-five percent of this restricted stock unit grant vested on April 1, 2019 and thereafter, an additional 1/4th vests on each of July 1, 2019, October 1, 2020, and October 1, 2021.
(5)	Twenty-five percent of this restricted stock unit grant vested on January 1, 2020 and thereafter, an additional 1/4th vests on each of January 1, 2021, January 1, 2022, and January 1, 2023.
(6)	15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
(7)	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.
(8)	12/48th of this option grant vested on May 1, 2020 and thereafter, an additional 1/4th will vest on each of May 1, 2021, May 1, 2022 and May 1, 2023.
(9)	Twenty-five percent of this restricted stock unit grant vested on May 1, 2020 and thereafter, an additional 1/4th vests on each of May 1, 2021, May 1, 2022 and May 1, 2023.
(10)	12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
(11)	These restricted stock units vest, if at all, based on certain commercial contribution margin milestones of the issuer.
(12)	12/48th of this option grant will vest on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
(13)	This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
(14)	These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
(15)	Twenty-five percent of this restricted stock unit grant will vest 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.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Daunt John C/O LIQUIDITY SERVICES, INC. 6931 ARLINGTON ROAD SUITE 200 BETHESDA, MD 20814			Chief Commercial Officer