Vanguard discloses 9.16% Fox Factory Holding Corp stake (FOXF)

Rhea-AI Filing Summary

The Vanguard Group reports beneficial ownership of 3,829,747 shares of Fox Factory Holding Corp common stock, representing 9.16% of the outstanding class as of December 31, 2025. Vanguard has shared voting power over 385,420 shares and shared dispositive power over all 3,829,747 shares, with no sole voting or dispositive authority.

Vanguard explains that an internal realignment on January 12, 2026 shifted portfolio management and proxy voting responsibilities to certain subsidiaries, which are expected to report holdings separately going forward. The filing states the shares are held in the ordinary course of business, not to change or influence control of Fox Factory. Vanguard’s clients have rights to dividends and sale proceeds, but no other single client holds more than 5% of the class.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 11)

Fox Factory Holding Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

35138V102

(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. 35138V102

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 385,420.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,829,747.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,829,747.00

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)

9.16 %

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.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Fox Factory Holding Corp
(b)	Address of issuer's principal executive offices: 2055 Sugarloaf Cir, Suite 300, Duluth, GA, 30097
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.: 35138V102
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: 3829747
(b)	Percent of class: 9.16 %
(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: 385420
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 3829747
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 Fox Factory (FOXF) does The Vanguard Group report owning?

The Vanguard Group reports beneficial ownership of 9.16% of Fox Factory Holding Corp’s common stock. This corresponds to 3,829,747 shares as of December 31, 2025, giving Vanguard a significant institutional stake without indicating any intent to influence corporate control.

How many Fox Factory shares does Vanguard have voting and dispositive power over?

The Vanguard Group has shared voting power over 385,420 shares and shared dispositive power over 3,829,747 shares of Fox Factory common stock. It reports no sole voting or dispositive power, reflecting that decisions are shared across its managed accounts and structures.

What date does Vanguard’s 9.16% Fox Factory ownership relate to?

Vanguard’s reported 9.16% beneficial ownership of Fox Factory common stock is calculated as of December 31, 2025. That date is identified as the event requiring the filing, anchoring the share count and percentage to year-end ownership levels for regulatory reporting.

Does Vanguard seek to influence control of Fox Factory with this stake?

Vanguard states the Fox Factory shares were acquired and are held in the ordinary course of business and not for changing or influencing control. The filing confirms they are not held in connection with any transaction intended to affect control, aside from limited nomination-related activities.

Who ultimately benefits from Vanguard’s Fox Factory share holdings?

Vanguard explains that its clients, including registered investment companies and other managed accounts, have the right to receive dividends and sale proceeds from the Fox Factory shares. It also notes that no single other person’s interest exceeds 5% of the class through these arrangements.

What internal change at Vanguard affects how its Fox Factory ownership is reported?

On January 12, 2026, The Vanguard Group, Inc. underwent an internal realignment and no longer performs portfolio management or proxy voting. Certain subsidiaries or business divisions pursuing the same strategies are expected to report beneficial ownership separately on a disaggregated basis going forward.