Morgan Stanley holds 3.0% of CBIZ (NYSE: CBZ) after falling below 5%

Rhea-AI Filing Summary

CBIZ, Inc. Schedule 13G/A shows Morgan Stanley reports beneficial ownership of 3.0% of CBIZ common stock as of 03/31/2026. The cover responses list shared voting power 1,397,902 and shared dispositive power 1,568,842. The filing states Morgan Stanley "has ceased to be the beneficial owner of more than five percent of the class of securities."

Insights

Institutional Ownership Analyst

Morgan Stanley trimmed ownership below the 5% threshold and now reports a 3.0% stake.

The filing tabulates shared voting power 1,397,902 and shared dispositive power 1,568,842, reflecting aggregated positions across MS reporting units. The statement that MS "has ceased to be the beneficial owner of more than five percent" clarifies the regulatory threshold change.

Implications depend on subsequent holder activity; any material change would appear in later schedules.

Securities Compliance Specialist

This amendment documents compliance with Schedule 13G/A reporting obligations after the ownership change.

The filing follows the Release No. 34-39538 framework and lists issuer CUSIP 124805102. It attributes holdings to multiple Morgan Stanley reporting units and includes an authorized signature dated 05/11/2026.

Review future amendments for any additional changes in beneficial ownership or voting arrangements.

Key Figures

Beneficial ownership: 3.0% Shared voting power: 1,397,902 shares Shared dispositive power: 1,568,842 shares +3 more

6 metrics

Beneficial ownership 3.0% as of 03/31/2026

Shared voting power 1,397,902 shares reported on cover responses

Shared dispositive power 1,568,842 shares reported on cover responses

CUSIP 124805102 CBIZ common stock identifier

Reporting status change ceased to be >5% explicit statement in filing

Signature date 05/11/2026 authorized signatory dated

Key Terms

Schedule 13G/A, beneficial owner, shared dispositive power, MS Reporting Units

4 terms

Schedule 13G/A regulatory

"Amendment No. 6 ) CBIZ, Inc. Common Stock"

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.

beneficial owner regulatory

"has ceased to be the beneficial owner of more than five percent"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

shared dispositive power financial

"Shared Dispositive Power 1,568,842.00"

MS Reporting Units regulatory

"securities beneficially owned by certain operating units (collectively, the "MS Reporting Units")"

FAQ

What stake does Morgan Stanley hold in CBIZ (CBZ)?

Morgan Stanley reports beneficial ownership of 3.0% of CBIZ common stock as of 03/31/2026. The filing lists 1,397,902 shares of shared voting power and 1,568,842 shares of shared dispositive power.

Did Morgan Stanley previously own more than 5% of CBIZ?

Yes. The filing states Morgan Stanley "has ceased to be the beneficial owner of more than five percent of the class of securities." The amendment documents the change in ownership status below the 5% threshold.

What reporting form did Morgan Stanley file for CBIZ ownership?

Morgan Stanley filed an amended Schedule 13G/A for CBIZ common stock (CUSIP 124805102). The amendment aggregates holdings across MS reporting units under Release No. 34-39538.

Who signed the Schedule 13G/A amendment for Morgan Stanley?

The amendment is signed by Claire Gordon as an Authorized Signatory for Morgan Stanley, with the signature dated 05/11/2026. The filing cites the MS Reporting Units aggregation framework.

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Accepted by SEC EDGAR 05/11/2026 - 11:48 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

CBIZ, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

124805102

(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): 124805102

1

Names of Reporting Persons

Morgan Stanley

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,397,902.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,568,842.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,641,468.00

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)

3.0 %

12

Type of Reporting Person (See Instructions)

HC, CO

Comment for Type of Reporting Person: As of the date hereof, Morgan Stanley has ceased to be the beneficial owner of more than five percent of the class of securities.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CBIZ, Inc.
(b)	Address of issuer's principal executive offices: 5959 ROCKSIDE WOODS BLVD N., SUITE 600, INDEPENDENCE, OH, 44131
Item 2.
(a)	Name of person filing: Morgan Stanley
(b)	Address or principal business office or, if none, residence: 1585 Broadway, New York, NY 10036
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 124805102
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: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: 3.0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
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 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, other than activities solely in connection with a nomination under ?? 240.14a-11. * In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release.

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.

Morgan Stanley

Signature:	Claire Gordon
Name/Title:	Authorized Signatory, Morgan Stanley
Date:	05/11/2026