Neogen Holder Norges Bank Falls Below 5% in Latest 13G Amendment

Rhea-AI Filing Summary

Norges Bank, manager of Norway’s sovereign wealth fund, filed Amendment No. 3 to Schedule 13G on Neogen Corp (NEOG) as of 30 Jun 2025. The bank now reports beneficial ownership of 9,076,830 common shares, representing 4.2 % of outstanding stock. All shares are held with sole voting and dispositive power; there is no shared power with other parties.

The filing indicates that Norges Bank’s stake has fallen below the 5 % threshold, activating the “Ownership of 5 Percent or Less” disclosure in Item 5. The shares are held on behalf of the Government of Norway and were acquired in the ordinary course of business, with no intent to influence control of the issuer. Aya Sobhy signed the certification on 24 Jul 2025.

Positive

• Continued sizable institutional ownership of 9.1 M shares suggests ongoing confidence in NEOG’s fundamentals.
• Passive filing affirms no hostile or activist intentions, reducing uncertainty about governance disruptions.

Negative

• Stake reduction below 5 % may signal reduced conviction and less stringent oversight from a major institutional holder.

Insights

Securities Analyst

TL;DR: Norges Bank trims NEOG to 4.2%, remains sizable holder; signals passive stance, modestly negative for perceived institutional support.

Norges Bank remains a top shareholder but its exit below 5 % reduces mandatory reporting and may lessen monitoring incentives. The sovereign fund retains sole voting/dispositive control over 9.1 M shares, so liquidity pressure appears limited. However, a declining position can be interpreted as mild bearishness or portfolio rebalancing. The filing is passive (Schedule 13G), so no activism signal. Impact on valuation should be minor unless further selling emerges.

Corporate Governance Expert

TL;DR: Drop under 5 % lowers Norges Bank’s governance leverage; Board influence unlikely to change materially.

With ownership now at 4.2 %, Norges Bank loses its 5 % block holder status under many corporate governance screens. While still significant, its ability to file future exempt solicitations or exert formal pressure is reduced. The passive intent language further confirms no control ambitions. For other investors, the key takeaway is diminished potential for large-institution oversight, modestly increasing reliance on internal governance structures.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Neogen Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

640491106

(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. 640491106

1

Names of Reporting Persons

Norges Bank

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

NORWAY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 9,076,830.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 9,076,830.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,076,830.00

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)

4.2 %

12

Type of Reporting Person (See Instructions)

FI, OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Neogen Corp
(b)	Address of issuer's principal executive offices: 620 Lesher Place, Lansing, MI, 48912
Item 2.
(a)	Name of person filing: Norges Bank
(b)	Address or principal business office or, if none, residence: Bankplassen 2, PO Box 1179 Sentrum, Oslo, NO-0107, Oslo, Norway
(c)	Citizenship: Norway
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 640491106
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).
	investment adviser
Item 4.	Ownership
(a)	Amount beneficially owned: 9,076,830
(b)	Percent of class: 4.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 9,076,830
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 9,076,830
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	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 shares reported herein are invested on behalf of the Government of Norway.
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.

Norges Bank

Signature:	Aya Sobhy
Name/Title:	Business and Regulatory Compliance
Date:	07/24/2025

FAQ

How many Neogen (NEOG) shares does Norges Bank currently own?

Norges Bank reports ownership of 9,076,830 common shares.

What percentage of Neogen’s outstanding stock does this represent?

The position equals 4.2 % of the common shares outstanding.

Did Norges Bank cross any reporting thresholds?

Yes. The filing discloses ownership of 5 % or less, a drop below the prior 5 % Schedule 13G threshold.

Is Norges Bank seeking control or engaging in activism at Neogen?

No. The certification states the shares are held in the ordinary course of business with no intent to influence control.

When was the Schedule 13G/A filed and signed?

Event date: 30 Jun 2025; certification signed on 24 Jul 2025 by Aya Sobhy.