SCHEDULE: Thrivent Financial Amends Sanfilippo & Son Stake, Correcting Ownership Percentage to 10.67%

Thrivent Financial for Lutherans has filed an amended Schedule 13G, correcting its beneficial ownership in John B. Sanfilippo & Son Inc. to 10.67% due to a prior system error in calculating total shares outstanding.

Summary

• Thrivent Financial for Lutherans filed an Amendment No. 5 to its Schedule 13G for John B. Sanfilippo & Son Inc.
• The amendment corrects a previously reported error in ownership percentages, which was caused by a system misidentification of total shares outstanding across all equity classes.
• As of March 31, 2025, Thrivent Financial for Lutherans beneficially owns an aggregate of 964,671 shares of Common Stock.
• This represents 10.670% of the class of Common Stock outstanding.
• The percentage calculation is based on 9,040,641 shares of Common Stock outstanding as of January 23, 2025, as reported in the company's Form 10-Q filed on January 29, 2025.
• Thrivent Financial for Lutherans holds sole voting and dispositive power over 5,123 shares, but disclaims beneficial ownership of these shares held in the Thrivent Financial Defined Benefit Plan Trust.
• Thrivent Financial for Lutherans holds shared voting and dispositive power over 959,548 shares.
• These shared shares include 258,871 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 700,677 shares held by registered investment companies for which Thrivent Asset Management, LLC (a wholly-owned subsidiary) serves as investment adviser.

Sentiment

Score: 5

Explanation: The document is a factual amendment to correct a previously reported ownership percentage, indicating a routine compliance update rather than a positive or negative operational development for the issuer.

Positives

• Correction of a previously reported error ensures greater accuracy in public ownership disclosures.
• Thrivent Financial for Lutherans maintains a significant stake, indicating continued investment interest in John B. Sanfilippo & Son Inc.

Negatives

• A system error led to misidentification of total shares outstanding, requiring an amendment to correct prior disclosures.

Future Outlook

No forward-looking statements or guidance are provided in this ownership disclosure filing.

Management Comments

• I certify that, to the best of my knowledge and belief, the 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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

This filing is a routine disclosure of institutional ownership, common among large investment firms. It reflects a standard compliance update rather than a strategic industry move or response to broader market trends.

Comparison to Industry Standards

• As a Schedule 13G filing, this document primarily serves to disclose a significant passive ownership stake. It does not contain performance metrics or operational data that would allow for direct comparison to industry-specific benchmarks or competitor results. The filing adheres to standard SEC disclosure requirements for beneficial ownership.

Stakeholder Impact

• Shareholders: Provides updated and corrected information regarding a significant institutional ownership stake, enhancing transparency.

Key Dates

Keywords

John B. Sanfilippo & Son Inc., Thrivent Financial for Lutherans, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Ownership Disclosure, SEC Filing, Equity Stake, Investment Adviser