Vanguard disaggregates holdings; Innovex (INVX) shows 0 shares after realignment
Rhea-AI Filing Summary
Innovex International Inc: Amendment No. 3 to a Schedule 13G/A filed by The Vanguard Group reports zero shares beneficially owned of Innovex common stock. The filing explains an internal realignment on January 12, 2026 that disaggregated subsidiaries and business divisions under SEC Release No. 34-39538, resulting in separate reporting of beneficial ownership. The filing states Vanguard no longer has beneficial ownership over securities held by those subsidiaries. The form is signed by Ashley Grim on 03/27/2026.
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FAQ
What does the Schedule 13G/A amendment say about INVX ownership by Vanguard?
It states The Vanguard Group reports 0 shares beneficially owned. The amendment attributes this to a corporate realignment effective January 12, 2026, with certain subsidiaries now reporting ownership separately under SEC Release No. 34-39538.
Why did Vanguard report zero ownership of Innovex (INVX)?
Because of an internal realignment, Vanguard's subsidiaries and business divisions were disaggregated for reporting. The filing cites SEC Release No. 34-39538 and says those entities will report beneficial ownership separately from The Vanguard Group.
Who signed the Schedule 13G/A amendment for Vanguard on INVX?
Ashley Grim, Head of Global Fund Administration, signed the filing. The signature block in the amendment shows the filing date as 03/27/2026, certifying the reported ownership information.
Does the amendment indicate any person holds more than 5% of Innovex?
The filing states no one other person's interest in the reported securities is more than 5%. It notes Vanguard, including its investment companies and managed accounts, have rights over dividends or proceeds as described.
What SEC guidance does Vanguard cite for disaggregated reporting?
Vanguard cites SEC Release No. 34-39538 (January 12, 1998). The amendment says the release permits subsidiaries or business divisions to report beneficial ownership separately after an internal realignment.