TrueBlue EVP Richard Betori Surrenders 996 Shares to Cover Taxes

What Happened
Richard P. Betori, EVP and President — PeopleScout at TrueBlue (TBI), surrendered a total of 996 shares to cover tax obligations tied to equity on April 3, 2026. The filing shows two disposals: 430 shares at $4.00 each ($1,720) and 566 shares at $4.00 each ($2,264), for a combined value of $3,984. This transaction is a share surrender for tax withholding (routine disposition), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-04-03
• Price(s): $4.00 per share
• Lots: 430 shares (=$1,720) and 566 shares (=$2,264); total 996 shares (=$3,984)
• Transaction code: F — payment of exercise price or tax liability (shares withheld/disposed to cover taxes)
• Shares owned after transaction: Not specified in this Form 4 filing
• Filing date: 2026-04-07 — filed within the standard two-business-day window (timely)
• Notable: These were tax-withholding share surrenders, not an indication of a deliberate market sell-off

Context
When insiders surrender shares with transaction code F, it typically means shares were withheld to satisfy taxes from an option exercise or restricted stock vesting. This is a routine administrative action and does not necessarily reflect the insider’s view of the company. For retail investors, outright purchases by insiders tend to carry clearer signaling value than routine withholdings.