LQDT LIQUIDITY SERVICES INC

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 3/4 quarters. Q2 2026: $0M, Q1 2026: $0M, Q3 2025: $0M, Q2 2025: $8M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $0M vs trailing avg $3M (-100%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Buyback $8M / FCF $9M = 93% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 0 shares = 0.0% of 37,317,175 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $5M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 7102246.5x more than bought. 5 C-suite officers among sellers

• Daunt John (EVP, Chief Commercial Officer) sold 2,600 shares on 2026-05-05
• Daunt John (EVP, Chief Commercial Officer) sold 2,600 shares on 2026-04-24
• Daunt John (EVP, Chief Commercial Officer) sold 2,600 shares on 2026-04-14
• Daunt John (EVP, Chief Commercial Officer) sold 2,600 shares on 2026-03-11
• Murray Novelette (Chief Human Resources Officer) sold 610 shares on 2026-03-11
• Murray Novelette (Chief Human Resources Officer) sold 263 shares on 2026-03-11
• Murray Novelette (Chief Human Resources Officer) sold 750 shares on 2026-03-11
• Murray Novelette (Chief Human Resources Officer) sold 203 shares on 2026-03-11
• Celaya Jorge (EVP & Chief Financial Officer) sold 7,914 shares on 2026-03-09
• Celaya Jorge (EVP & Chief Financial Officer) sold 213 shares on 2026-03-10