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TrueBlue (NYSE: TBI) CFO has 3,315 shares withheld for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

TrueBlue, Inc. executive vice president and chief financial officer Carl Schweihs reported a tax-withholding disposition of 3,315 shares of common stock at $3.66 per share. This transaction was coded as a payment of tax liability by delivering securities rather than an open-market trade.

After this transaction, Schweihs directly holds 285,754 shares of TrueBlue common stock, which the disclosure states includes approximately 9,560 shares acquired through the TrueBlue Employee Stock Purchase Plan.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Schweihs Carl

(Last) (First) (Middle)
1015 A STREET

(Street)
TACOMA WA 98402

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TrueBlue, Inc. [ TBI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP and CFO
3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/23/2026 F 3,315 D $3.66 285,754(1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This total includes approximately 9,560 shares purchased pursuant to the TrueBlue, Inc. Employee Stock Purchase Plan.
Remarks:
/s/ Todd N. Gilman, Attorney-in-fact 02/25/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did TrueBlue (TBI) report for Carl Schweihs?

TrueBlue disclosed that EVP and CFO Carl Schweihs disposed of 3,315 shares of common stock to cover tax obligations. The shares were valued at $3.66 each, and the transaction was classified as a tax-withholding disposition, not an open-market purchase or sale.

Was the TrueBlue (TBI) Carl Schweihs Form 4 a sale on the open market?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The 3,315 shares of TrueBlue common stock were used to pay tax liability, as indicated by transaction code F and the description of payment by delivering securities.

How many TrueBlue (TBI) shares does Carl Schweihs own after this Form 4?

After the reported transaction, Carl Schweihs directly owns 285,754 shares of TrueBlue common stock. The filing notes this total includes approximately 9,560 shares purchased through the TrueBlue, Inc. Employee Stock Purchase Plan, reflecting his ongoing equity position.

What does transaction code F mean in the TrueBlue (TBI) Form 4 filing?

Transaction code F in this Form 4 indicates payment of an exercise price or tax liability using securities. For TrueBlue, it shows 3,315 common shares were disposed of at $3.66 per share specifically to satisfy tax obligations, rather than being sold on the market.

What role does Carl Schweihs hold at TrueBlue (TBI) in this Form 4?

Carl Schweihs is identified as executive vice president and chief financial officer of TrueBlue, Inc. The Form 4 lists him as an officer, not a director or 10% owner, and reports his direct ownership stake following the tax-withholding share disposition.

Are Employee Stock Purchase Plan shares included in Carl Schweihs’ TrueBlue (TBI) total?

Yes, the filing explains that his total of 285,754 directly owned TrueBlue shares includes about 9,560 shares bought under the TrueBlue, Inc. Employee Stock Purchase Plan, as disclosed in a specific footnote to the reported ownership information.
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