SCHEDULE: Vanguard Group Reports 0% Stake in Bandwidth Inc.

The Vanguard Group has reported a complete divestiture of its direct beneficial ownership in Bandwidth Inc. common stock due to an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 6 to Schedule 13G for Bandwidth Inc. common stock.
• The filing reports 0 shares beneficially owned by The Vanguard Group, representing 0% of the class of securities.
• This change stems from an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of The Vanguard Group, Inc. will now report beneficial ownership separately (on a disaggregated basis).
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over the securities beneficially owned by these subsidiaries and/or business divisions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event for Bandwidth Inc., as it reflects an internal organizational change within The Vanguard Group rather than a direct investment decision based on Bandwidth's performance or outlook. The beneficial ownership is being disaggregated, not necessarily fully divested from all Vanguard-managed funds.

Management Comments

• The Vanguard Group certifies that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose or with the effect of changing or influencing the control of Bandwidth Inc.

Industry Context

StockSavvy.ai notes that Schedule 13G filings primarily reflect changes in institutional ownership, often due to internal organizational shifts rather than a direct commentary on the issuer's performance. The Vanguard Group's internal realignment and subsequent disaggregated reporting is a common practice for large asset managers to optimize their reporting structures and comply with regulatory guidance.

Stakeholder Impact

• Shareholders: The reported 0% beneficial ownership by The Vanguard Group, Inc. is a result of an internal realignment and disaggregated reporting. This means that while the parent entity no longer reports direct ownership, other Vanguard entities (subsidiaries or business divisions) may still hold shares and will report them separately, mitigating the direct impact of a full divestment from the entire Vanguard ecosystem.

Key Dates

Keywords

Bandwidth Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Ownership, Internal Realignment, Disaggregated Reporting