SCHEDULE: Vanguard Group Reports Zero Beneficial Ownership in Heritage Commerce Corp

The Vanguard Group has amended its Schedule 13G filing for Heritage Commerce Corp, reporting 0% beneficial ownership due to an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 2 to its Schedule 13G for Heritage Commerce Corp.
• The filing indicates that The Vanguard Group now beneficially owns 0.00 shares, representing 0% of the Common Stock of Heritage Commerce Corp.
• This change is a result of 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 report beneficial ownership separately (on a disaggregated basis).
• 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 filing as neutral. It represents a technical reporting change by The Vanguard Group due to an internal realignment, not a fundamental shift in investment strategy or a divestment of shares from the underlying funds.

Future Outlook

NA

Management Comments

• Ashley Grim, Head of Global Fund Administration for The Vanguard Group, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Industry Context

StockSavvy.ai notes that large institutional investors like The Vanguard Group frequently undergo internal restructurings or re-evaluations of reporting methodologies. This particular filing reflects a shift in how beneficial ownership is aggregated and reported by the parent entity, rather than a divestment of underlying assets by Vanguard's managed funds. Such disaggregated reporting can provide more granular insight into specific fund or division holdings, aligning with evolving regulatory interpretations.

Stakeholder Impact

• Shareholders of Heritage Commerce Corp should understand that this filing reflects a change in The Vanguard Group's internal reporting structure, not necessarily a sale of shares by Vanguard's managed funds. The underlying shares may still be held by Vanguard's various investment products, but are now reported by different entities within the Vanguard structure.

Key Dates

Keywords

Vanguard Group, Heritage Commerce Corp, Schedule 13G, Beneficial Ownership, SEC Filing, Common Stock, Investment Adviser, Corporate Governance