SCHEDULE 13G/A 0001067406 XXXXXXXX LIVE 7 Common Stock 12/31/2024 0001235468 LIQUIDITY SERVICES INC 53635B107 6931 ARLINGTON ROAD SUITE 460 BETHESDA MD 20814 Rule 13d-1(c) FORUM CAPITAL PARTNERS PA 1300000.00 0.00 1300000.00 0.00 1300000.00 4.2 PN STALEY CAPITAL ADVISERS INC PA 1300000.00 0.00 1300000.00 0.00 1300000.00 4.2 IA John A. Staley, IV. PA 1300000.00 0.00 1300000.00 0.00 1300000.00 4.2 IN William F. Stotz PA 1327800.00 0.00 1327800.00 0.00 1327800.00 4.3 IN James D. Roberge PA 1421000.00 0.00 1421000.00 0.00 1421000.00 4.6 IN Brian M. McInerney PA 1300000.00 0.00 1300000.00 0.00 1300000.00 4.2 IN Andrew J. Roberge PA 1320270.00 0.00 1320270.00 0.00 1320270.00 4.3 IN LIQUIDITY SERVICES INC 6931 ARLINGTON ROAD, SUITE 460, BETHESDA, MARYLAND, 20814 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, Senior Managing Director; Mr. James D. Roberge, Chief Investment Officer; Mr. Brian M. McInerney, President; and Mr. Andrew J. Roberge, Vice President. 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 February 14, 2025, 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 Securites and Exchange Act of 1934. One Oxford Centre, Suite 3950, Pittsburgh, PA 15219 United States of America Y 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 30,741,216 shares issued and outstanding as of December 9, 2024, as reported by the Issuer in its Form 10-Q filed with the Securites and Exchange Commission on December 12, 2024. All ownership information reported in the Cover Pages is as of December 31, 2024. 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 27,800 shares of the Common Stock; Mr. James Roberge is the owner of 121,000 shares of the Issuer's Common Stock and Mr. Andrew Roberge is the owner of 20,070 shares of the Issuer's Common Stock. 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. 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. 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. 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. Y Y Y Y Y N 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. Exhibit A: Joint Filing Agreement FORUM CAPITAL PARTNERS Brian M. McInerney 02/14/2025 STALEY CAPITAL ADVISERS INC Brian M. McInerney 02/14/2025 John A. Staley, IV. John A. Staley, IV. 02/14/2025 William F. Stotz William F. Stotz 02/14/2025 James D. Roberge James D. Roberge 02/14/2025 Brian M. McInerney Brian M. McInerney 02/14/2025 Andrew J. Roberge Andrew J. Roberge 02/14/2025