BARRETT BUSINESS SERVICES INC 10-Q

Item 1. Legal Proceedings Refer to “Note 6 – Litigation,” to the condensed consolidated financial statements included in Part I, Item 1 of this report for information regarding legal proceedings in which we are involved. Item 1A. Ri sk Factors There have been no material changes in the risk factors that were included in our Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on February 26, 2026. Ite m 2. Unregistered Sales of Equity Securities and Use of Proceeds The following table summarizes information related to stock repurchases during the quarter ended March 31, 2026. Month Total Number of Shares Repurchased Average Price Paid Per Share (1) Total Number of Shares Repurchased as Part of Publicly Announced Plan (2) Approximate Dollar Value of Shares that May Yet Be Repurchased Under the Plan (in thousands) (2) Jan 1 - Jan 31, 2026 41,500 $ 38.76 41,500 $ 73,819 Feb 1 - Feb 28, 2026 — $ — — $ 73,819 Mar 1 - Mar 31, 2026 659,426 $ 28.05 659,426 $ 55,325 Total 700,926 700,926 (1) Average price paid per share includes commissions paid to our broker and excludes excise taxes incurred on share repurchases. (2) On August 4, 2025, the Board of Directors authorized the repurchase of up to $100.0 million of the Company’s common stock over a two-year period beginning August 4, 2025. As of March 31, 2026, the Company had repurchased 1,310,988 shares at an aggregate purchase price of $44.7 million.