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Vanguard disaggregates, reports 0 Northrim BanCorp (NASDAQ: NRIM)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

The Vanguard Group amended a Schedule 13G/A reporting its position in Northrim BanCorp Inc. The filing states that, following an internal realignment referenced to January 12, 2026 and SEC Release No. 34-39538, certain Vanguard subsidiaries will report separately and beneficial ownership is 0 shares of Common Stock for The Vanguard Group as reported in this amendment. The filing lists the issuer as Northrim BanCorp Inc and is signed by Ashley Grim on 03/27/2026.

Positive

  • None.

Negative

  • None.

Insights

Vanguard’s amendment reflects internal account disaggregation, not a market trade.

The filing documents that The Vanguard Group now reports certain subsidiaries separately after an internal realignment referenced to January 12, 2026. The amendment shows 0 shares beneficially owned by The Vanguard Group in Northrim BanCorp under the reporting name.

Cash-flow treatment is not stated; subsequent filings by disaggregated entities may show holdings attributed to those subsidiaries.

The amendment cites SEC Release No. 34-39538 to justify separate reporting.

The statement follows the mechanics authorized by that release: subsidiaries or divisions that previously were aggregated will report separately and Vanguard states it no longer is deemed to beneficially own those securities under the consolidated reporting name. The filing is an ownership disclosure amendment, not an allegation or enforcement action.

Filing date and signature are present: 03/27/2026, signed by Ashley Grim as Head of Global Fund Administration.






666762109

(CUSIP Number)
03/13/2026

(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)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were 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. Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.


SCHEDULE 13G



The Vanguard Group
Signature:Ashley Grim
Name/Title:Head of Global Fund Administration
Date:03/27/2026

FAQ

What does Vanguard report for Northrim BanCorp (NRIM)?

The Vanguard Group reports 0 shares beneficially owned in Northrim BanCorp under the Vanguard reporting name. This result follows an internal realignment and disaggregation of subsidiaries referenced to January 12, 2026.

Why did Vanguard change its reporting in the Schedule 13G/A?

Vanguard cites an internal realignment and relies on SEC Release No. 34-39538, which permits certain subsidiaries or business divisions to report beneficial ownership separately from The Vanguard Group, Inc.

Does the filing show any Vanguard subsidiary holdings in NRIM?

This amendment reports holdings for The Vanguard Group reporting entity as 0 shares. It does not disclose the separate holdings of disaggregated subsidiaries in this filing.

When did the realignment that caused disaggregation occur?

The filing references the internal realignment as of January 12, 2026. The amendment was signed on 03/27/2026 by Ashley Grim.

Does this Schedule 13G/A indicate a purchase or sale by Vanguard?

No; the amendment documents reporting changes due to internal reorganization and lists 0 shares for The Vanguard Group. It does not record a market purchase or sale by Vanguard in this filing.
Northrim Bancorp Inc

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