Capital Research Global Investors reports 5.5% SLM (SLM) stake on Schedule 13G

Rhea-AI Filing Summary

SLM Corp. received a Schedule 13G filing from Capital Research Global Investors (CRGI) reporting a passive ownership stake in its common stock as of 12/31/2025. CRGI is deemed to beneficially own 11,268,593 shares, representing 5.5% of the 203,038,649 shares believed to be outstanding.

CRGI reports sole voting and dispositive power over all 11,268,593 shares and no shared power. The filing notes that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of SLM Corp. SMALLCAP World Fund, Inc. is identified as a person on whose behalf more than 5% may be held.

Insights

Equity ownership and governance analyst

Institutional investor reports a 5.5% passive stake in SLM.

Capital Research Global Investors reports beneficial ownership of 11,268,593 SLM common shares, or 5.5% of the 203,038,649 shares believed outstanding as of 12/31/2025. The firm has sole voting and dispositive power over this block.

The filing uses the Schedule 13G framework, which is designed for holders that characterize their position as passive. The certification explicitly states the shares were acquired and are held in the ordinary course of business and not with the purpose or effect of changing or influencing control.

Item 6 notes that SMALLCAP World Fund, Inc. may have the right to receive dividends or sale proceeds for more than 5% of the class. Future ownership reports from these related entities in later periods could clarify how this stake evolves across accounts and funds.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

SLM Corp.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

78442P106

(CUSIP Number)

12/31/2025

(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. 78442P106

1

Names of Reporting Persons

Capital Research Global Investors

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 11,268,593.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 11,268,593.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,268,593.00

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)

5.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SLM Corp.
(b)	Address of issuer's principal executive offices: 300 Continental Drive, Newark, DE 19713
Item 2.
(a)	Name of person filing: Capital Research Global Investors
(b)	Address or principal business office or, if none, residence: 333 South Hope Street, 55th Fl, Los Angeles, CA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 78442P106
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: 11,268,593 ** **Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 11,268,593 shares or 5.5% of the 203,038,649 shares believed to be outstanding.
(b)	Percent of class: 5.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 11,268,593
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 11,268,593
	(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. SMALLCAP World Fund, Inc.
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.

Capital Research Global Investors

Signature:	Jae Won Chung
Name/Title:	Vice President and Senior Counsel II, Capital Research and Management Company
Date:	02/05/2026

FAQ

What ownership stake in SLM (SLM) does Capital Research Global Investors report?

Capital Research Global Investors reports beneficial ownership of 11,268,593 shares of SLM common stock, representing 5.5% of the 203,038,649 shares believed to be outstanding as of December 31, 2025, according to the Schedule 13G filing.

Is Capital Research Global Investors’ SLM (SLM) stake considered a passive investment?

Yes, the position is characterized as passive. Capital Research Global Investors certifies the SLM shares were acquired and are held in the ordinary course of business, not for the purpose or effect of changing or influencing control of the issuer, consistent with Schedule 13G requirements.

How much voting power over SLM (SLM) shares does Capital Research Global Investors have?

Capital Research Global Investors reports sole voting power over 11,268,593 SLM common shares and no shared voting power. It also reports sole dispositive power over the same number of shares, indicating exclusive authority to vote and dispose of this stake under the filing.

On what date was Capital Research Global Investors’ SLM (SLM) ownership measured?

The Schedule 13G states the date of the event requiring the filing as December 31, 2025. The 5.5% beneficial ownership and the 11,268,593-share figure are based on that date and on 203,038,649 SLM shares believed to be outstanding then.

Who else may benefit from the SLM (SLM) shares held by Capital Research Global Investors?

The filing identifies SMALLCAP World Fund, Inc. under Item 6 as another person that may have the right to receive dividends or sale proceeds from the SLM shares, where that interest relates to more than 5% of the class of common stock.

What type of filing did Capital Research Global Investors submit for its SLM (SLM) stake?

Capital Research Global Investors submitted a Schedule 13G, which is typically used by investors holding more than 5% of a class of equity securities on a passive basis. The filing discloses its 5.5% beneficial ownership in SLM common stock and related ownership powers.