Royce & Associates (BBSI) holds 1.37M shares, reports 5.45% stake

Rhea-AI Filing Summary

Royce & Associates reports beneficial ownership of 1,372,798 shares (5.45%) of Barrett Business Services, Inc. The Schedule 13G states Royce has sole voting and dispositive power over these 1,372,798 shares as of the reporting period and the filing is signed by a Vice President on 04/21/2026.

The filing explains the holdings are managed by RALP, an investment management subsidiary of Franklin Resources, Inc., and disclaims pecuniary interest and group attribution to certain FRI principals.

Insights

Institutional Ownership Analyst

Royce & Associates holds a passive >5% stake and reports sole voting and dispositive authority.

The filing shows 1,372,798 shares (5.45%) of common stock with sole voting and dispositive power recorded by RALP. This is a routine beneficial ownership disclosure under Section 13 reporting rules.

Because the form is a Schedule 13G, the position is presented as passive; future Form 13D filings would be required if intent to influence control changed.

Key Figures

Shares beneficially owned: 1,372,798 shares Percent of class: 5.45% CUSIP: 068463108 +2 more

5 metrics

Shares beneficially owned 1,372,798 shares Amount reported in Item 4 of the Schedule 13G

Percent of class 5.45% Percent of common stock reported in Item 4

CUSIP 068463108 CUSIP for Barrett Business Services common stock noted on the filing

Report reference date 03/31/2026 Date indicated near the top of the filing

Filing signature date 04/21/2026 Date the Schedule 13G was signed by Daniel A. O'Byrne, Vice President

Key Terms

beneficially owned, sole dispositive power, Schedule 13G, Rule 13d-3

4 terms

beneficially owned regulatory

"Amount beneficially owned: 1372798.00 (b) Percent of class: 5.45 %"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power regulatory

"(iii) Sole power to dispose or to direct the disposition of: 1372798.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G regulatory

"Item 10. | Certifications | By signing below I certify that, to the best of my knowledge"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Rule 13d-3 regulatory

"for purposes of Rule 13d 3 under the Act, RALP may be deemed to be the beneficial owner"

Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/21/2026 - 11:28 AM Learn about SEC filing dates

FAQ

What does Royce & Associates' 5.45% stake in BBSI mean?

Royce & Associates beneficially owns 1,372,798 shares (5.45%) of Barrett Business Services, Inc. The filing reports sole voting and dispositive power via RALP and presents the position as passive under Schedule 13G rules.

Is Royce & Associates seeking to control Barrett Business Services (BBSI)?

No; the Schedule 13G characterizes the stake as passive and states the securities were acquired and are held in the ordinary course of business. The signer certifies they were not acquired to change or influence control.

Who exercises the voting and investment authority for these BBSI shares?

Royce & Associates, through its subsidiary RALP, reports sole voting and sole dispositive authority over the reported 1,372,798 shares. Internal policies are cited to show independent exercise from other FRI affiliates.

When was the Royce filing signed and what date does it reference?

The Schedule 13G lists a reporting reference date of 03/31/2026 at the top and is signed by a Royce Vice President on 04/21/2026, per the certification included in the filing.

Does this filing attribute Royce's ownership to Franklin Resources' principals?

No; the filing explains RALP acts independently and specifically disclaims attributing beneficial ownership to Franklin Resources' principal shareholders, despite parent/subsidiary relationships described in the exhibit text.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Barrett Business Services, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

068463108

(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): 068463108

1

Names of Reporting Persons

ROYCE & ASSOCIATES LP

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

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,372,798.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,372,798.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,372,798.00

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)

5.45 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Barrett Business Services, Inc.
(b)	Address of issuer's principal executive offices: Investor Relations 4724 S.W. Macadam Avenue, Portland, OR, 97239
Item 2.
(a)	Name of person filing: ROYCE & ASSOCIATES LP
(b)	Address or principal business office or, if none, residence: One Madison Avenue, New York, NY 10010
(c)	Citizenship: New York Corporation
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 068463108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1372798.00
(b)	Percent of class: 5.45 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1372798.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 1372798.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. 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.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. Not Applicable
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. 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 acquired and are held in the ordinary course of business and 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.

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.

ROYCE & ASSOCIATES LP

Signature:	Daniel A. O'Byrne
Name/Title:	Vice President
Date:	04/21/2026

Exhibit Information

The securities reported herein are beneficially owned by one or more registered investment companies or other managed accounts that are investment management clients of Royce & Associates, LP ("RALP"), an indirect majority owned subsidiary of Franklin Resources, Inc.("FRI"). When an investment management contract (including a sub advisory agreement) delegates to RALP investment discretion or voting power over the securities held in the investment advisory accounts that are subject to that agreement, FRI treats RALP as having sole investment discretion or voting authority, as the case may be, unless the agreement specifies otherwise. Accordingly, RALP reports on Schedule 13G that it has sole investment discretion and voting authority over the securities covered by any such investment managementagreement, unless otherwise noted in this Item 4. As a result, for purposes of Rule 13d 3 under the Act, RALP may be deemed to be the beneficial owner of the securities reported in this Schedule 13G. Beneficial ownership by investment management subsidiaries and other affiliates of FRI is being reported in conformity with the guidelines articulated by the SEC staff in Release No. 3439538 (January 12, 1998) relating to organizations, such as FRI, where related entities exercise voting and investment powers over the securities being reported independently from eachother. The voting and investment powers held by RALP are exercised independently from FRI(RALP's parent holding company) and from all other investment management subsidiaries of FRI (FRI, its affiliates and investment management subsidiaries other than RALP are, collectively, "FRI affiliates"). Furthermore, internal policies and procedures of RALP and FRI affiliates establish informational barriers that prevent the flow between RALP and the FRI affiliates of information that relates to the voting and investment powers over the securities owned by their respective investment management clients. Consequently, RALP and the FRI affiliates report the securities over which they hold investment and voting power separately from each other for purposes of Section 13 of the Act. Charles B. Johnson and Rupert H. Johnson, Jr. (the "Principal Shareholders") may each own in excess of 10% of the outstanding common stock of FRI and are the principal stockholders of FRI (see FRI's Proxy Statement-Stock Ownership of Certain Beneficial Owners). However, because RALP exercises voting and investment powers on behalf of its investment management clients independently of FRI affiliates, beneficial ownership of the securities reported by RALP is not attributed to the Principal Shareholders. RALP disclaims any pecuniary interest in any of the securities reported in this Schedule 13G. In addition, the filing of this Schedule 13G on behalf of RALP should not be construed as an admission that it is, and it disclaims that it is, the beneficial owner, as defined in Rule 13d 3, of any of such securities. Furthermore, RALP believes that it is not a "group" with FRI affiliates, the Principal Shareholders, or their respective affiliates within the meaning of Rule 13d 5 under the Act and that none of them is otherwise required to attribute to any other the beneficial ownership of the securities held by such person or by any persons or entities for whom or for which RALP or the FRI affiliates provide investment management services.