TERENCE E. ADDERLEY REVOCABLE TRUST K 4

What Happened
Terence E. Adderley Revocable Trust K, a reported 10% owner of Kelly Services (KELYB), sold 3,039,940 shares of Class B stock on January 30, 2026. The shares were disposed at $34.87 per share for total reported proceeds of $105,999,972. The sale was executed under a Share Purchase Agreement that transfers all Class B shares beneficially owned by the Reporting Person.

Key Details

• Transaction date and price: 2026-01-30 — 3,039,940 shares at $34.87 each.
• Reported proceeds: $105,999,972 (aggregate purchase price cited as $106,000,000 in the agreement).
• Shares owned after transaction: The filing and footnote state this sale represents all Class B shares beneficially owned by the Reporting Person (i.e., 0 Class B shares remaining).
• Footnote: The Share Purchase Agreement calls for an additional contingent cash payment of $15,199,700 if Kelly Services' market capitalization is ≥ $1.2 billion at any time within 48 months after the sale.
• Filing timeliness: Reported on Form 4 with transaction and filing date both 2026-01-30 (no late filing indicated).
• Insider type: Reporting person is a 10% owner — an owner-level filing (not an executive trade).

Context

• This was a sale of existing shares under a purchase agreement (private-sale structure with a contingent earnout), not an option exercise or gift.
• For retail investors: purchases by insiders can be stronger signals than sales; this filing documents a large, structured disposition by a significant owner rather than routine small-scale selling.