Liquidity Services (NASDAQ: LQDT) joint 13G/A discloses 1.74% holding

Rhea-AI Filing Summary

Liquidity Services Inc. reports a joint Schedule 13G/A filing by Forum Capital Partners, Staley Capital Advisers and related individuals disclosing collective beneficial ownership of 1.74% of common stock. The filing states 31,039,308 shares issued and outstanding as of February 2, 2026 and ownership figures are reported as of March 31, 2026.

The filing describes voting and dispositive power held through Forum and Staley Capital as general partner relationships, lists specific direct holdings for three individuals, and attaches a Joint Filing Agreement dated April 30, 2026 or May 1, 2026.

Insights

Corporate Governance Counsel

Joint passive ownership disclosure for compliance and transparency.

The filing records a joint beneficial ownership statement under Rule 13d-1(k) with reporting by Forum Capital Partners and Staley Capital Advisers. It cites 31,039,308 shares outstanding as the reference base and reports a collective 1.74% position.

The arrangement is described via a Joint Filing Agreement dated April 30, 2026 or May 1, 2026. Future filings will show changes if voting or dispositive control shifts; current disclosures align with passive investor reporting conventions.

Institutional Investor Relations

Small, non-controlling stake; direct holdings by individual managers disclosed.

The statement clarifies that Staley Capital does not directly own shares but may be deemed beneficial owner through its role as general partner to Forum. Three named individuals report direct ownership totals (e.g., 119,000 shares for one individual).

These holdings amount to a small 1.74% of class using the issuer's February 2, 2026 outstanding base; this scale is generally considered non-controlling and routine for activist screening.

Key Figures

Reported ownership percent: 1.74% Shares outstanding used: 31,039,308 shares Individual direct holding — James D. Roberge: 119,000 shares +2 more

5 metrics

Reported ownership percent 1.74% Collective position reported as of <date>March 31, 2026</date>

Shares outstanding used 31,039,308 shares Issued and outstanding as of <date>February 2, 2026</date>

Individual direct holding — James D. Roberge 119,000 shares Directly owned by reporting person as stated in Item 4

Individual direct holding — William F. Stotz 26,200 shares Directly owned by reporting person as stated in Item 4

Individual direct holding — Andrew J. Roberge 9,010 shares Directly owned by reporting person as stated in Item 4

Key Terms

Schedule 13G/A, Joint Filing Agreement, beneficial ownership

3 terms

Schedule 13G/A regulatory

"joint <b>Schedule 13G/A</b> filing by Forum Capital Partners"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Joint Filing Agreement legal

"entered into a <b>Joint Filing Agreement</b>, dated April 30, 2026 or May 1, 2026"

beneficial ownership regulatory

"may be deemed to be the <b>beneficial owners</b> of all common stock owned by Staley Capital clients"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 9)

LIQUIDITY SERVICES INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

53635B107

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 53635B107

1

Names of Reporting Persons

FORUM CAPITAL PARTNERS

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 539,355.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 539,355.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

539,355.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.7 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 53635B107

1

Names of Reporting Persons

STALEY CAPITAL ADVISERS INC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 539,355.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 539,355.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

539,355.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.7 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 53635B107

1

Names of Reporting Persons

John A. Staley, IV.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 539,355.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 539,355.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

539,355.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.7 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP Number(s): 53635B107

1

Names of Reporting Persons

William F. Stotz

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 565,555.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 565,555.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

565,555.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.8 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP Number(s): 53635B107

1

Names of Reporting Persons

James D. Roberge

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 658,355.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 658,355.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

658,355.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.1 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP Number(s): 53635B107

1

Names of Reporting Persons

Brian M. McInerney

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 539,355.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 539,355.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

539,355.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.7 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP Number(s): 53635B107

1

Names of Reporting Persons

Andrew J. Roberge

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 548,365.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 548,365.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

548,365.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.8 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: LIQUIDITY SERVICES INC
(b)	Address of issuer's principal executive offices: 6931 ARLINGTON ROAD, 6931 ARLINGTON ROAD, BETHESDA, MARYLAND, 20814
Item 2.
(a)	Name of person filing: This statement is jointly filed by the following parties, each referred to herein as "Reporting Person", and collectively, "Reporting Persons": Forum Capital Partners, LP, a Pennsylvania limited partnership, ("Forum"); Staley Capital Advisers, Inc., a Pennsylvania corporation and federally-registered investment adviser. Staley Capital Advisers is the General Partner to Forum Capital Partners, LP. Mr. John A. Staley I.V., Founding Partner of Staley Capital; Mr. William F. Stotz, Managing Director; Mr. James D. Roberge, Chief Investment Officer; Mr. Brian M. McInerney, President; and Mr. Andrew J. Roberge, Managing Director. Mr. Staley, Mr. Stotz, Mr. McInerney, and Mr. James Roberge are hereinafter referred to as "Controlling Persons" of Staley Capital Advisers who may be deemed pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, as amended, to be the beneficial owners of all common stock owned by Staley Capital clients for whom Staley Capital exercises discretion with respect to voting or disposition of the issuer's shares The Reporting Persons have entered into a Joint Filing Agreement, dated April 30, 2026 or May 1, 2026, a copy of which is filed as an Exhibit to this Schedule 13G/A, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Securities and Exchange Act of 1934.
(b)	Address or principal business office or, if none, residence: One Oxford Centre, Suite 3950, Pittsburgh, PA 15219
(c)	Citizenship: United States of America
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 53635B107
Item 4.	Ownership
(a)	Amount beneficially owned: The information contained in each cover page to this Schedule 13G/A is incorporated by reference into this Item 4. The ownership percentage calculated herein is based on 31,039,308 shares issued and outstanding as of February 2, 2026 as reported by the Issuer in its Form 10-Q filed with the Securities and Exchange Commission on February 6, 2026. All ownership information reported in the Cover Pages is as of March 31, 2026. Staley Capital does not directly own any shares of the Issuer's Common Stock. In its role as the General Partner to Forum, Staley Capital may be deemed to beneficially own the shares reported herein. The Reporting Persons expressly disclaim beneficial ownership of the Issuer's Common Stock reported herein, except for the following: Mr. Stotz is the owner of 26,200 shares of the Common Stock; Mr. James Roberge is the owner of 119,000 shares of the Issuer's Common Stock and Mr. Andrew Roberge is the owner of 9,010 shares of the Issuer's Common Stock.
(b)	Percent of class: 1.74%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i-iv) is set forth in Rows 5-8 of the Cover Page for each of the Reporting Persons and is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(i-iv) is set forth in Rows 5-8 of the Cover Page for each of the Reporting Persons and is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(i-iv) is set forth in Rows 5-8 of the Cover Page for each of the Reporting Persons and is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(i-iv) is set forth in Rows 5-8 of the Cover Page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FORUM CAPITAL PARTNERS

Signature:	Brian M. McInerney
Name/Title:	President
Date:	05/14/2026

STALEY CAPITAL ADVISERS INC

Signature:	Brian M. McInerney
Name/Title:	President
Date:	05/14/2026

John A. Staley, IV.

Signature:	John A. Staley, IV
Name/Title:	Founding Partner
Date:	05/14/2026

William F. Stotz

Signature:	William F. Stotz
Name/Title:	Managing Director
Date:	05/14/2026

James D. Roberge

Signature:	James D. Roberge
Name/Title:	Chief Investment Officer
Date:	05/14/2026

Brian M. McInerney

Signature:	Brian M. McInerney
Name/Title:	President
Date:	05/14/2026

Andrew J. Roberge

Signature:	Andrew J. Roberge
Name/Title:	Managing Director
Date:	05/14/2026

Comments accompanying signature: The Reporting Persons have entered into a Joint Filing Agreement, dated April 30, 2026 or May 1, 2026, a copy of which is filed as an Exhibit to this Schedule 13G/A, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Securities and Exchange Act of 1934.

FAQ

What stake does Forum Capital Partners report in LQDT?

Forum Capital Partners (with Staley Capital Advisers as general partner) is included in a joint filing reporting a combined 1.74% beneficial ownership of common stock, using 31,039,308 shares outstanding as of February 2, 2026.

How many shares does the filing use to calculate ownership for LQDT?

The filing uses 31,039,308 shares issued and outstanding as of February 2, 2026 to compute percentage ownership, and ownership figures are reported as of March 31, 2026 in the cover pages.

Do any individuals report direct holdings in the LQDT filing?

Yes. The filing discloses direct holdings for named individuals, including 119,000 shares for one person, 26,200 shares for another, and 9,010 shares for a third, as stated in Item 4 of the schedule.

What legal agreement governs the joint filing in the LQDT Schedule 13G/A?

The Reporting Persons executed a Joint Filing Agreement dated April 30, 2026 or May 1, 2026, which the filing states is included as an exhibit and governs the joint submission under Rule 13d-1(k)(1).