[SCHEDULE 13G/A] Grocery Outlet Holding Corp. SEC Filing

Rhea-AI Filing Summary

The Vanguard Group filed Amendment No. 5 to its Schedule 13G on Hackett Group Inc. (HCKT) common stock dated 30 June 2025. The filing shows Vanguard, in its capacity as an investment adviser (Type IA), is the beneficial owner of 2,261,104 shares, representing 8.17 % of HCKT’s outstanding stock.

Voting vs. dispositive power: Vanguard reports 0 shares with sole voting power and 32,834 shares with shared voting power. However, it has sole dispositive power over 2,203,180 shares and shared dispositive power over 57,924 shares, indicating it can sell most of the position but does not actively vote the shares. The securities are held in the ordinary course of business for Vanguard-managed funds and accounts; no intent to influence control is stated.

The 8 %+ passive stake confirms Hackett Group remains on Vanguard’s >5 % institutional holders list, potentially increasing share-float stability and visibility among index and fund investors. No other material transactions, earnings data, or control-related activities are disclosed in this filing.

Positive

• Vanguard’s 8.17 % passive stake adds large-scale institutional ownership, supporting liquidity and market visibility for HCKT.

Negative

• None.

Insights

Portfolio Manager

TL;DR: Vanguard owns 8.17 % of HCKT, passive, no vote control—modestly supportive but not transformational.

Vanguard’s continued >5 % holding signals steady institutional demand for Hackett Group’s shares, which can aid liquidity and index inclusion. Because Vanguard reports zero sole voting power and only ~33k shares with shared voting power, it is unlikely to exert governance influence. The ability to dispose of over 2.2 million shares means liquidity risk if the fund family trims positions, yet Vanguard’s index-tracking mandate usually implies low turnover. Overall impact is neutral-to-slightly positive for valuation support rather than a catalyst.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

Grocery Outlet Holding Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

39874R101

(CUSIP Number)

06/30/2025

(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. 39874R101

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 90,530.00
7	Sole Dispositive Power 11,139,959.00
8	Shared Dispositive Power 210,002.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,349,961.00

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)

11.57 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Grocery Outlet Holding Corp
(b)	Address of issuer's principal executive offices: 5650 Hollis Street, Emeryville, CA, 94608
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.: 39874R101
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: 11349961
(b)	Percent of class: 11.57 %
(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: 90530
	(iii) Sole power to dispose or to direct the disposition of: 11139959
	(iv) Shared power to dispose or to direct the disposition of: 210002
Item 5.	Ownership of 5 Percent or Less of a Class.
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:	07/29/2025

FAQ

How many Hackett Group (HCKT) shares does Vanguard own?

Vanguard reports 2,261,104 shares, equal to 8.17 % of the outstanding common stock.

Does Vanguard have voting control over HCKT?

No. Vanguard shows 0 sole voting power and only 32,834 shares with shared voting power.

What is Vanguard’s dispositive power over the shares?

It has sole dispositive power over 2,203,180 shares and shared dispositive power over 57,924 shares of HCKT.

Is Vanguard trying to influence Hackett Group management?

The certification states the shares were acquired in the ordinary course of business and not to change or influence control of the issuer.

Why did Vanguard file an Amendment No. 5 to Schedule 13G?

An amendment is required when material changes occur in ownership; this filing updates Vanguard’s HCKT stake as of 30 Jun 2025.