SCHEDULE: Vanguard Group Divests NetApp Stake After Internal Realignment

The Vanguard Group reports zero beneficial ownership in NetApp Inc. common stock following an internal realignment that disaggregated reporting responsibilities.

Summary

• The Vanguard Group filed an Amendment No. 12 to Schedule 13G for NetApp Inc. common stock.
• The filing indicates 0.00 shares beneficially owned by The Vanguard Group, representing 0% of NetApp Inc.'s common stock.
• 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) in reliance on SEC Release No. 34-39538.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over the securities beneficially owned by these disaggregated entities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event for NetApp, as it reflects a change in The Vanguard Group's internal reporting structure rather than a strategic divestment based on NetApp's performance or outlook.

Future Outlook

No forward-looking statements or guidance regarding NetApp Inc.'s performance or operations are provided in this filing. The filing solely addresses a change in beneficial ownership reporting by The Vanguard Group.

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 or with the effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for institutional investors. This specific amendment reflects a procedural change in how a large asset manager like Vanguard reports its holdings, rather than a strategic investment decision regarding NetApp. It highlights the complexity of beneficial ownership reporting for large, diversified financial institutions.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure for institutional investors. It does not contain performance metrics for comparison against industry benchmarks or specific comparable companies.

Stakeholder Impact

• Shareholders of NetApp: No direct impact on NetApp's operations or value from this reporting change. The underlying ownership by Vanguard's various funds likely remains, just reported differently.
• The Vanguard Group: This clarifies their reporting structure, aligning with SEC guidance for disaggregated reporting.

Key Dates

Keywords

NetApp Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Ownership, Realignment