As previously disclosed last year, the Board considered, and rejected, an unsolicited, non-binding proposal from HireQuest to acquire all of TrueBlue's outstanding shares. HireQuest's latest proposal to acquire the On-Demand segment of the PeopleReady business, which was received on May 12, 2026, materially undervalues a core strategic asset of TrueBlue that is experiencing increased demand and strong momentum, despite challenging market conditions. Notably, On-Demand is seeing improved territory performance, stronger weekly trends and growth in local account activity.

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