SCHEDULE: Vanguard Group Amends Energy Recovery Stake to Zero

The Vanguard Group has filed an amended Schedule 13G for Energy Recovery Inc., reporting zero beneficial ownership following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 2 to its Schedule 13G for Energy Recovery Inc.
• The filing reports 0 shares beneficially owned, representing 0% of the class of Common Stock.
• This change is due to an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of Vanguard will now report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these subsidiaries and/or business divisions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing. It reflects an internal organizational change by Vanguard and does not indicate a change in investment sentiment towards Energy Recovery Inc. itself.

Future Outlook

NA

Management Comments

• On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment.
• 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.
• 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.
• The Vanguard Group, 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%.
• 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.

Industry Context

StockSavvy.ai notes that such administrative filings by large asset managers like Vanguard are common, reflecting internal operational changes rather than a change in investment thesis for the underlying company. This disaggregated reporting aligns with SEC guidance for complex organizational structures.

Stakeholder Impact

• Shareholders of Energy Recovery Inc. might note the administrative change in Vanguard's reporting, but it does not imply a change in Vanguard's overall investment strategy or holdings in the company by its various funds.
• Regulatory authorities will note the updated beneficial ownership reporting structure from The Vanguard Group.

Key Dates

Keywords

Energy Recovery Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, SEC Filing, Investment Adviser, Common Stock, 29270J100