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Vanguard disaggregates holdings; reports 0 shares in SouthState Bank Corp (SSB)

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

Rhea-AI Filing Summary

The Vanguard Group amended its Schedule 13G filing for SOUTHSTATE BANK CORP (SSB) to report zero beneficial ownership. The filing states that due to an internal realignment effective January 12, 2026, certain Vanguard subsidiaries will report holdings separately and Vanguard no longer is deemed to beneficially own securities previously reported by those units. The amendment lists 0 shares beneficially owned and 0% of the class, with no voting or dispositive power.

Positive

  • None.

Negative

  • None.

Insights

Vanguard reports no beneficial ownership after internal realignment.

The amendment explains an internal reorganization effective January 12, 2026, causing certain subsidiaries or business divisions to report holdings separately under SEC Release No. 34-39538. The filing shows 0 shares and 0% ownership for The Vanguard Group in SouthState Bank Corp.

This change is administrative: it alters who is listed as beneficial owner in public filings rather than indicating a market trade. Subsequent filings by the named subsidiaries may show beneficial positions previously aggregated under Vanguard.






840441109

(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 The Vanguard Group's amendment mean for SSB ownership?

It means The Vanguard Group now reports 0 shares (0%) beneficially owned in SSB. An internal realignment caused subsidiaries to report holdings separately under SEC guidance, shifting public attribution of ownership without showing subsidiary holdings in this amendment.

Did Vanguard sell SouthState Bank Corp (SSB) shares?

No direct sale is reported here; the amendment shows 0 shares for Vanguard. The filing attributes the change to an internal realignment and separate reporting by subsidiaries rather than describing any specific market transactions.

When did the reporting change take effect for Vanguard regarding SSB?

The filing states the internal realignment occurred on January 12, 2026, and the amendment was signed on March 27, 2026. The realignment prompted separate reporting by Vanguard subsidiaries under SEC Release No. 34-39538.

Will SouthState Bank Corp (SSB) shares held by Vanguard subsidiaries appear elsewhere?

Possibly. The amendment explains subsidiaries will report beneficial ownership separately. Holdings previously aggregated under Vanguard may appear in separate Schedule 13G/A or Form 13F filings by those subsidiaries or related reporting entities.

Who signed the amendment for The Vanguard Group on SSB?

The amendment is signed by Ashley Grim, titled Head of Global Fund Administration, with the signature date March 27, 2026, certifying the filing details for The Vanguard Group.
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