Vanguard (BBBY) discloses 5.25M Bed Bath & Beyond warrants, 7.62% stake

Rhea-AI Filing Summary

The Vanguard Group reports beneficial ownership of 5,251,622 Bed Bath & Beyond securities, representing 7.62% of the company’s common stock as of 12/31/2025. These holdings are in the form of warrants tied to the issuer’s ordinary shares.

Vanguard reports no sole voting or dispositive power, with shared voting power over 464,322 securities and shared dispositive power over 5,251,622. Vanguard states the securities are held in the ordinary course of business, not to change or influence control. After an internal realignment on 01/12/2026, certain Vanguard subsidiaries are expected to report beneficial ownership separately while continuing the same investment strategies.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 8)

Bed Bath & Beyond Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

690370101

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 690370101

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 464,322.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,251,622.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,251,622.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.62 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. As of that date, The Vanguard Group, Inc. no longer performs portfolio management services or administers proxy voting. In accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. anticipates that certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that currently have, or are deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. The holdings reported herein are in the form of warrants.The CUSIP Number listed throughout this filing is the CUSIP assigned to the Ordinary Shares of the Issuer.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Bed Bath & Beyond Inc
(b)	Address of issuer's principal executive offices: 433 W Ascension Way, Suite 300, Salt Lake City, UT, 84123
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd., Malvern, PA 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 690370101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 5251622
(b)	Percent of class: 7.62 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 464322
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 5251622
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	01/30/2026

FAQ

What percentage of Bed Bath & Beyond (BBBY) does The Vanguard Group report owning?

The Vanguard Group reports beneficial ownership of 7.62% of Bed Bath & Beyond’s common stock. This percentage is based on 5,251,622 securities, held in the form of warrants linked to the issuer’s ordinary shares, as of the 12/31/2025 reporting date.

How many Bed Bath & Beyond securities does Vanguard beneficially own according to this Schedule 13G/A?

The Vanguard Group reports beneficial ownership of 5,251,622 Bed Bath & Beyond securities. The filing specifies that these holdings are warrants tied to the issuer’s ordinary shares, and together they represent 7.62% of the outstanding common stock as of 12/31/2025.

What voting and dispositive powers does Vanguard report over its Bed Bath & Beyond holdings?

Vanguard reports no sole voting or dispositive power over Bed Bath & Beyond securities. It discloses shared voting power over 464,322 securities and shared dispositive power over 5,251,622 securities, reflecting how authority over these warrant positions is allocated.

Are Vanguard’s Bed Bath & Beyond holdings reported as common stock or warrants?

The filing states that Vanguard’s Bed Bath & Beyond position is held in the form of warrants. The CUSIP in the document corresponds to the issuer’s ordinary shares, but the holdings themselves are explicitly described as warrants rather than currently outstanding common shares.

Does Vanguard intend to influence control of Bed Bath & Beyond with this 7.62% position?

Vanguard certifies the securities were acquired and held in the ordinary course of business. It further states they were not acquired and are not held for the purpose of changing or influencing control of Bed Bath & Beyond, consistent with passive investment reporting.

How did The Vanguard Group’s internal realignment affect reporting of its Bed Bath & Beyond stake?

Following an internal realignment on 01/12/2026, Vanguard explains that certain subsidiaries or business divisions that have or are deemed to have beneficial ownership may report ownership separately on a disaggregated basis, while continuing the same investment strategies previously pursued.

Who ultimately benefits from dividends or sale proceeds of Vanguard’s Bed Bath & Beyond securities?

The filing explains that Vanguard’s clients, including registered investment companies and other managed accounts, have the right to receive dividends and sale proceeds from the reported securities. It also notes that no single other person’s interest exceeds 5% of the class.