Institutional holder reports 5.4% Vermilion Energy (NYSE: VET) stake

Rhea-AI Filing Summary

Ameriprise Financial, Inc. and Columbia Management Investment Advisers, LLC filed a Schedule 13G reporting beneficial ownership of 8,197,506 Vermilion Energy Inc. common shares, representing 5.4% of the class. The filing shows shared voting power over 7,660,035 shares and shared dispositive power over up to 8,197,506 shares.

Ameriprise, as parent of Columbia, may be deemed to beneficially own the shares reported by Columbia, although both entities disclaim beneficial ownership. They state the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Vermilion Energy.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Vermilion Energy Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

923725105

(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. 923725105

1

Names of Reporting Persons

Ameriprise Financial, 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 0.00
6	Shared Voting Power 7,660,035.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,197,506.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,197,506.00

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)

5.4 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 923725105

1

Names of Reporting Persons

Columbia Management Investment Advisers, LLC

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

MINNESOTA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,660,035.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,197,441.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,197,441.00

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)

5.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Vermilion Energy Inc.
(b)	Address of issuer's principal executive offices: 3500, 520 - 3rd Avenue S.W., Calgary, Alberta T2P 0R3, Canada
Item 2.
(a)	Name of person filing: (a) Ameriprise Financial, Inc. ("AFI") (b) Columbia Management Investment Advisers, LLC ("CMIA")
(b)	Address or principal business office or, if none, residence: (a) 145 Ameriprise Financial Center, Minneapolis, MN 55474 (b) 290 Congress Street, Boston, MA 02210
(c)	Citizenship: (a) Delaware (b) Minnesota
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 923725105
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: Incorporated by reference to Items (5)-(9) and (11) of the cover page pertaining to each reporting person. AFI, as the parent company of CMIA, may be deemed to beneficially own the shares reported herein by CMIA. Accordingly, the shares reported herein by AFI include those shares separately reported herein by CMIA. Each of AFI and CMIA disclaims beneficial ownership of any shares reported on this Schedule.
(b)	Percent of class: The information required by Item 4(b) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
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.
	Not Applicable
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. AFI: See Exhibit I
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.

Ameriprise Financial, Inc.

Signature:	/s/ Michael G. Clarke
Name/Title:	Michael G. Clarke, Senior Vice President, North America Head of Operations & Investor Services
Date:	02/17/2026

Columbia Management Investment Advisers, LLC

Signature:	/s/ Michael G. Clarke
Name/Title:	Michael G. Clarke, Senior Vice President, North America Head of Operations & Investor Services
Date:	02/17/2026

Comments accompanying signature: Contact Information Charles Chiesa VP Fund Treasurer Global Operations and Investor Services Telephone: 617-385-9593

Exhibit Information

Exhibit I Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company. Exhibit II Joint Filing Agreement

FAQ

What stake in Vermilion Energy (VET) is reported in this Schedule 13G?

The filing reports beneficial ownership of 8,197,506 Vermilion Energy common shares, equal to 5.4% of the outstanding class. This reflects an institutional position large enough to trigger Schedule 13G reporting under U.S. securities rules for significant equity holdings.

Who are the reporting persons in the Vermilion Energy (VET) Schedule 13G?

The Schedule 13G is filed by Ameriprise Financial, Inc. (AFI) and Columbia Management Investment Advisers, LLC (CMIA). AFI is the parent of CMIA, and AFI’s reported holdings include the shares separately reported as beneficially owned by CMIA.

How much voting and dispositive power do the filers report over Vermilion Energy (VET) shares?

The reporting persons disclose shared voting power over 7,660,035 Vermilion Energy shares and shared dispositive power over up to 8,197,506 shares. They report no sole voting or sole dispositive power over these common stock positions.

Are Ameriprise and Columbia seeking control of Vermilion Energy (VET) with this stake?

No. The certification states the securities were acquired and are held in the ordinary course of business and are not held to change or influence control of Vermilion Energy, nor in connection with any transaction having that control-related purpose.

Do Ameriprise and Columbia claim full beneficial ownership of their Vermilion Energy (VET) position?

The filing notes that each of Ameriprise Financial, Inc. and Columbia Management Investment Advisers, LLC disclaims beneficial ownership of the shares reported. AFI may be deemed to own shares through its parent relationship but expressly includes this ownership disclaimer.

What type of securities in Vermilion Energy (VET) are covered by this Schedule 13G?

The Schedule 13G relates to Vermilion Energy Inc.’s Common Stock with CUSIP 923725105. The reported holdings reflect this single class of equity securities rather than preferred stock, debt instruments, or other types of financial securities.