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Vanguard disaggregates holdings after realignment; reports 0 shares in Tonix (TNXP)

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

Rhea-AI Filing Summary

Tonix Pharmaceuticals Holding Corp: The Vanguard Group filed an amendment stating it currently reports zero beneficial ownership of Tonix common stock. The filing explains an internal realignment effective January 12, 2026 that led certain Vanguard subsidiaries/divisions to report holdings separately and says Vanguard no longer is deemed to beneficially own securities reported by those entities. The filing lists Amount beneficially owned: 0 and Percent of class: 0%, and is signed by Ashley Grim on 03/27/2026.

Positive

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Negative

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Insights

Vanguard reports zero beneficial ownership after internal realignment.

The filing states an internal realignment effective January 12, 2026

that caused certain subsidiaries or business divisions to report separately, and Vanguard no longer claims beneficial ownership over securities held by those entities. This reduces apparent institutional ownership attributed to The Vanguard Group in public filings.

Subsequent filings from the named subsidiaries may show where economic exposure now resides; timing and amounts are not included here.

Amendment cites SEC Release No. 34-39538 to justify disaggregation.

The amendment references SEC Release No. 34-39538 (January 12, 1998) and describes separate reporting by subsidiaries/divisions pursuing the same investment strategies. The disclosure follows the release's framework for disaggregated reporting.

Filing identifies Amount beneficially owned: 0 and notes the Vanguard Group's right to receive dividends or proceeds for managed accounts; cash-flow treatment is not detailed in this excerpt.






890260839

(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 Schedule 13G/A for TNXP state?

It states The Vanguard Group reports 0 shares beneficially owned of Tonix common stock and 0% ownership. The amendment cites an internal realignment that led to disaggregated reporting by subsidiaries effective January 12, 2026.

Why does Vanguard report zero beneficial ownership for TNXP?

The amendment explains Vanguard underwent an internal realignment on January 12, 2026, after which certain subsidiaries/divisions report separately and Vanguard no longer is deemed to beneficially own securities reported by those entities.

Who signed the Schedule 13G/A amendment for TNXP and when?

The amendment is signed by Ashley Grim, Head of Global Fund Administration, with signature date 03/27/2026, as shown in the filing excerpt.

Does the filing identify any subsidiaries now reporting holdings separately?

The filing states that certain subsidiaries or business divisions will report separately in reliance on SEC Release No. 34-39538, but it does not list the specific subsidiary names or their reported amounts in this excerpt.

Does Vanguard retain any voting or dispositive power over TNXP shares?

The filing lists Sole voting power: 0, Shared voting power: 0, Sole dispositive power: 0, and Shared dispositive power: 0, indicating no voting or dispositive authority as reported here.
Tonix Pharmaceut

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