SCHEDULE: Vanguard Group Reports 0% Kratos Defense Ownership

The Vanguard Group reports 0% beneficial ownership in Kratos Defense & Security Solutions Inc. following an internal realignment.

Summary

• The Vanguard Group, Inc. filed an Amendment No. 8 to Schedule 13G for Kratos Defense & Security Solutions Inc. Common Stock.
• The filing indicates that The Vanguard Group now holds 0% beneficial ownership of Kratos Defense & Security Solutions Inc. common stock.
• This change is attributed to an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• In accordance with SEC Release No. 34-39538 (January 12, 1998), 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 securities beneficially owned by these subsidiaries and/or business divisions.
• These subsidiaries and/or business divisions will continue to pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It primarily details a procedural change in The Vanguard Group's reporting structure rather than a direct investment decision based on Kratos's performance or a significant shift in overall institutional sentiment towards the company.

Future Outlook

The filing indicates that the subsidiaries and/or business divisions of The Vanguard Group, Inc. that now report separately will continue to pursue the same investment strategies as previously pursued by the parent entity.

Management Comments

• "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." Ashley Grim, Head of Global Fund Administration, The Vanguard Group.

Industry Context

StockSavvy.ai notes that large asset managers like The Vanguard Group frequently undergo internal reorganizations to optimize operational efficiency, regulatory compliance, and reporting structures. While the parent entity's direct beneficial ownership in Kratos Defense & Security Solutions Inc. has been reduced to zero, the continuity of investment strategies by its subsidiaries suggests that the underlying institutional interest in Kratos may persist, albeit through different reporting entities. This type of filing primarily reflects a procedural change rather than a shift in investment thesis for the underlying asset.

Stakeholder Impact

• Shareholders of Kratos Defense & Security Solutions Inc. will observe that The Vanguard Group, Inc. no longer directly holds beneficial ownership, with reporting now disaggregated to its subsidiaries.

Next Steps

• Certain subsidiaries or business divisions of The Vanguard Group, Inc. will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc.

Key Dates

Keywords

Kratos Defense & Security Solutions, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor, Internal Realignment