[SCHEDULE 13G/A] Talos Energy, Inc. SEC Filing

Rhea-AI Filing Summary

The Vanguard Group filed Amendment No. 15 to Schedule 13G on Summit Hotel Properties (INN) covering holdings as of 30 Jun 2025.

• Beneficial ownership: 13,178,484 common shares, equal to 11.74 % of shares outstanding.
• Voting power: 0 sole; 69,079 shared—Vanguard exercises very limited voting authority.
• Dispositive power: 13,006,838 sole; 171,646 shared.
• Filed under Rule 13d-1(b) as an investment adviser (IA); securities held in the ordinary course for client accounts.
• Certification signed by Ashley Grim, Head of Global Fund Administration, on 29 Jul 2025.

The filing confirms Vanguard remains a major passive holder of INN. While the 11.74 % stake provides market influence, the near-zero voting power limits its ability to sway corporate governance directly.

Positive

• The Vanguard Group holds 11.74 % of Summit Hotel Properties’ outstanding shares, underpinning strong, long-term institutional support.

Negative

• Vanguard reports zero sole voting power, implying the large stake will not bolster shareholder activism or governance influence.

Insights

Portfolio Manager

TL;DR: Large passive stake signals sustained institutional confidence but offers limited governance influence—market impact neutral.

Vanguard’s 11.74 % position keeps a significant portion of INN’s float in low-turnover hands, potentially stabilising the share price and improving liquidity. However, the absence of sole voting power and the small shared vote bucket suggest Vanguard does not intend to influence strategy or board matters. Because this is Amendment 15, not an initial purchase, the disclosure likely reflects routine re-calculation of outstanding shares rather than a material change in ownership. Overall effect on valuation and control dynamics appears neutral.

Corporate Governance Analyst

TL;DR: 11.74 % ownership without voting rights limits any governance ramifications—neutral control risk.

From a governance lens, Vanguard’s filing reiterates its passive stance: it retains dispositive authority for client redemptions but cedes voting power. Thus, despite its size, the stake does not materially shift the balance of power among active shareholders, nor does it indicate an activist agenda. The certification language confirms no intent to influence control of the issuer. Accordingly, investors should not expect board or policy changes stemming from this ownership.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Talos Energy Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

87484T108

(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. 87484T108

1

Names of Reporting Persons

The Vanguard Group

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

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 130,758.00
7	Sole Dispositive Power 9,097,832.00
8	Shared Dispositive Power 263,600.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,361,432.00

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)

5.24 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Talos Energy Inc
(b)	Address of issuer's principal executive offices: 333 Clay Street, Suite 3300, Houston, TX, 77002
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd., Malvern, PA 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 87484T108
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: 9361432
(b)	Percent of class: 5.24 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 130758
	(iii) Sole power to dispose or to direct the disposition of: 9097832
	(iv) Shared power to dispose or to direct the disposition of: 263600
Item 5.	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 Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%.
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.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	07/29/2025

FAQ

What percentage of Summit Hotel Properties (INN) does Vanguard own?

Vanguard reports beneficial ownership of 11.74 %, or 13,178,484 common shares.

How many INN shares can Vanguard vote?

The filing shows 0 shares with sole voting power and 69,079 shares with shared voting power.

Is Vanguard’s stake considered passive or activist?

The Schedule 13G was filed under Rule 13d-1(b) for an investment adviser, indicating a passive investment.

When is the ownership data effective?

The share totals are as of 30 June 2025; the certification was signed 29 July 2025.

Under which SEC rule did Vanguard file this Schedule 13G?

The filing cites Rule 13d-1(b), covering institutional investors such as investment advisers.