SCHEDULE: Barclays PLC Amends Stake in Kelly Services Inc -A

Barclays PLC has filed an amendment to its beneficial ownership report, disclosing a 5.83% stake in Kelly Services Inc -A.

Summary

• Barclays PLC, a United Kingdom-based entity, has filed an Amendment No. 2 to its Schedule 13G regarding its beneficial ownership in Kelly Services Inc -A.
• As of June 30, 2025, Barclays PLC beneficially owns an aggregate of 1,862,138 shares of Kelly Services Inc -A common stock.
• This ownership represents 5.83% of the class of securities.
• Barclays PLC reports having no sole or shared voting power, and no sole or shared dispositive power over these shares.
• The securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Subsidiaries identified as acquiring the security include Barclays Bank PLC, Barclays Capital Inc, and Barclays Capital Securities Ltd.

Sentiment

Score: 5

Explanation: The filing is a routine beneficial ownership report (Schedule 13G Amendment), indicating a passive investment. It does not contain information that would inherently suggest positive or negative sentiment regarding the issuer's performance or outlook.

Risks

• The filing states that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, which mitigates immediate control-related risks but implies a passive investment stance.

Future Outlook

The filing is a statement of beneficial ownership and does not provide forward-looking statements or guidance regarding the issuer's operations or financial performance.

Industry Context

This filing reflects an institutional investment by a major global financial services firm, Barclays PLC, in a publicly traded staffing and workforce solutions company, Kelly Services Inc. Such passive stakes are common for large financial institutions holding diversified portfolios.

Comparison to Industry Standards

• The 5.83% stake is a significant, but non-controlling, passive investment, typical for large institutional investors like Barclays PLC, which often hold diversified portfolios across various industries.
• Compared to other major financial institutions, holding a stake just above the 5% reporting threshold is standard practice for passive investment purposes, avoiding the more stringent reporting requirements of active stakes.

Stakeholder Impact

• Shareholders of Kelly Services Inc -A: The disclosure of Barclays PLC's 5.83% stake provides transparency regarding a significant institutional holder, which can influence market perception of institutional interest in the company.

Key Dates

Keywords

Barclays PLC, Kelly Services Inc, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Financial Services, Staffing Industry