BlackRock stake in Rayonier (NYSE: RYN) reaches 10.6% ownership

Rhea-AI Filing Summary

BlackRock, Inc. filed Amendment No. 2 to a Schedule 13G reporting beneficial ownership of 17,121,124 shares of Rayonier Inc. common stock, representing 10.6% of the outstanding class.

BlackRock has sole voting power over 16,671,038 shares and sole dispositive power over 17,121,124 shares, with no shared voting or dispositive power. The holdings are reported as being acquired and held in the ordinary course of business without the purpose or effect of changing or influencing control of Rayonier.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

RAYONIER INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

754907103

(CUSIP Number)

01/31/2026

(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)

SCHEDULE 13G

CUSIP No. 754907103

1

Names of Reporting Persons

BlackRock, Inc.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 16,671,038.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 17,121,124.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

17,121,124.00

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)

10.6 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: RAYONIER INC
(b)	Address of issuer's principal executive offices: 1 RAYONIER WAY WILDLIGHT FL 32097
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 754907103
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: 17121124
(b)	Percent of class: 10.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 16671038
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 17121124
	(iv) Shared power to dispose or to direct the disposition of: 0
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. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of RAYONIER INC. No one person's interest in the common stock of RAYONIER INC is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
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.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	02/06/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

FAQ

What does BlackRock’s Schedule 13G/A filing reveal about Rayonier Inc. (RYN)?

BlackRock’s filing shows a significant passive stake in Rayonier Inc. BlackRock, Inc. reports beneficial ownership of Rayonier common stock on Schedule 13G/A, indicating the position is held in the ordinary course of business and not for the purpose of changing or influencing control of the company.

How many Rayonier Inc. shares does BlackRock beneficially own and what percentage is this?

BlackRock beneficially owns 17,121,124 Rayonier Inc. shares, or 10.6% of the class. The filing states an aggregate beneficial ownership of 17,121,124 common shares, which represents 10.6% of Rayonier’s outstanding common stock, crossing the 5% disclosure threshold.

What voting and dispositive powers does BlackRock report over Rayonier Inc. shares?

BlackRock reports sole, not shared, voting and dispositive power. The firm has sole voting power over 16,671,038 Rayonier common shares and sole dispositive power over 17,121,124 shares, with zero shared voting power and zero shared dispositive power according to the ownership details in Item 4.

Does BlackRock intend to influence control of Rayonier Inc. through this stake?

The filing states the Rayonier shares are not held to influence control. BlackRock certifies the securities were acquired and are held in the ordinary course of business and were not acquired, and are not held, to change or influence control of Rayonier or in connection with any such transaction.

Who may receive dividends or sale proceeds from BlackRock’s Rayonier Inc. holdings?

Various persons may receive dividends or sale proceeds from these shares. The filing notes that multiple persons have rights to receive dividends or sale proceeds from Rayonier common stock, but no single person’s interest exceeds five percent of the total outstanding common shares.

What is the event date and who signed BlackRock’s Rayonier Schedule 13G/A?

The reportable event date is January 31, 2026, and it is signed by a BlackRock executive. The Schedule 13G/A lists 01/31/2026 as the date of the event requiring the filing and is signed by Spencer Fleming, Managing Director, dated 02/06/2026.