[144] Barrett Business Services SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Barrett Business Services (BBSI): The filer intends to sell 80,000 common shares through Morgan Stanley Smith Barney LLC on 08/25/2025 with an aggregate market value of $3,867,888.00. Total shares outstanding reported are 25,689,563. The shares were acquired and paid for on 08/25/2025 by exercise of options under a registered plan and paid in cash. The filing also reports that the GARY EDWARD KRAMER REV TR sold 22,344 shares on 08/22/2025 for $1,084,258.25. The filer certifies no undisclosed material adverse information is known at the time of the notice.

Positive

• Timely compliance with Rule 144 filing requirements for the proposed sale
• Transparent disclosure of acquisition method (exercise of options) and payment in cash
• Broker identified (Morgan Stanley Smith Barney LLC), indicating use of an established broker

Negative

• Insider selling of 80,000 shares (aggregate value $3,867,888) could be perceived negatively by some investors
• Related-party sale (GARY EDWARD KRAMER REV TR sold 22,344 shares recently), which may prompt investor questions about insider liquidity

Insights

Securities Analyst

TL;DR: Routine insider sale via exercised options; modest relative size versus outstanding shares, likely compliance-driven rather than strategic divestiture.

The filing discloses a planned sale of 80,000 common shares valued at $3.87 million following same-day option exercise and cash payment. Relative to the reported 25.7 million shares outstanding, the sale represents about 0.31% of the float, indicating limited potential market impact. The use of a major broker (Morgan Stanley Smith Barney) and the contemporaneous sale by a related trust (22,344 shares) suggest coordinated liquidity actions by insiders or related parties. No statements in the filing indicate undisclosed material adverse information.

Corporate Governance Expert

TL;DR: Filing appears procedurally compliant and transparent; insider option exercise followed by a Rule 144 sale is standard governance practice.

The notice documents acquisition by exercise of registered plan options and immediate proposed sale under Rule 144, which aligns with ordinary insider liquidity events. The signature statement affirms lack of material nonpublic information, fulfilling the attestation requirement. Reporting the recent sale by the GARY EDWARD KRAMER REV TR improves disclosure clarity. There are no governance red flags or indications of abnormal insider activity within this document alone.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	80000	3867888.00	25689563	08/25/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/25/2025	Exercise of options under a registered plan	Issuer			80000	08/25/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
GARY EDWARD KRAMER REV TR 8100 NE Parkway Drive Suite 200 Vancouver WA 98662	Common	08/22/2025	22344	1084258.25

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for BBSI disclose?

The form discloses a proposed sale of 80,000 common shares on 08/25/2025 via Morgan Stanley Smith Barney LLC valued at $3,867,888.00.

How were the 80,000 shares acquired according to the filing?

The shares were acquired on 08/25/2025 by exercise of options under a registered plan and paid for in cash on the same date.

Did any related parties sell BBSI shares recently?

Yes. The GARY EDWARD KRAMER REV TR sold 22,344 shares on 08/22/2025 for $1,084,258.25.

What portion of outstanding shares does the proposed sale represent?

Reported outstanding shares are 25,689,563, so the 80,000-share sale represents approximately 0.31% of that total.

Does the filer assert possession of material nonpublic information?

No. The filing includes a representation that the person for whose account the securities are to be sold does not know any material adverse information about the issuer that has not been publicly disclosed.