SCHEDULE: FMR LLC, Abigail Johnson Disclose 5.7% Stake in Simply Good Foods

FMR LLC and its Chairman and CEO, Abigail P. Johnson, have disclosed a beneficial ownership of 5.7% in Simply Good Foods Co. as of December 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson reported beneficial ownership of 5,421,139.91 shares of Simply Good Foods Co. common stock.
• This ownership represents 5.7% of the total outstanding common stock.
• The beneficial ownership was reported as of December 31, 2025.
• FMR LLC holds sole voting power over 5,399,935.00 shares and sole dispositive power over 5,421,139.91 shares.
• Abigail P. Johnson holds sole dispositive power over 5,421,139.91 shares, with no sole or shared voting power directly.
• The filing is an Amendment No. 3 to Schedule 13G, indicating an update to previous ownership disclosures.
• FMR LLC is classified as a parent holding company, and Abigail P. Johnson is an individual.
• Several FMR LLC subsidiaries and affiliates, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, and Strategic Advisers LLC, are identified as entities beneficially owning shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as moderately positive, as the continued significant stake by a prominent institutional investor like FMR LLC and its CEO suggests confidence in Simply Good Foods Co.'s long-term prospects, without indicating any immediate negative developments.

Positives

• A significant institutional investor, FMR LLC (Fidelity), and its top executive, Abigail P. Johnson, holding a 5.7% stake indicates confidence in Simply Good Foods Co.'s prospects.
• The continued disclosure of a substantial stake suggests ongoing interest from a major financial institution in the company.

Negatives

• No specific negative information is contained within this beneficial ownership disclosure.

Risks

• The Johnson family, including Abigail P. Johnson, through their ownership of voting common shares and a shareholders' voting agreement, may be deemed a controlling group with respect to FMR LLC under the Investment Company Act of 1940, implying potential influence over FMR LLC's investment decisions.
• The filing notes that one or more other persons have the right to receive or direct dividends or proceeds from the sale of these securities, though no single other person's interest exceeds five percent, indicating a distributed beneficial interest within FMR's managed funds.

Future Outlook

NA

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

StockSavvy.ai notes that the disclosure of a significant stake by a major asset manager like FMR LLC (Fidelity) in Simply Good Foods Co. signals continued institutional interest in the consumer packaged goods sector, particularly in companies focused on health and wellness. This type of filing often reflects a long-term investment strategy rather than an activist stance, aligning with broader trends of institutional capital flowing into established market players.

Comparison to Industry Standards

• For a Schedule 13G filing, direct comparison to industry-specific company or project results is not applicable as it reports beneficial ownership rather than operational performance.
• The 5.7% stake held by FMR LLC is a substantial position for an institutional investor, indicating a notable allocation within their managed portfolios, which is a common practice for large asset managers like BlackRock or Vanguard when investing in mid-to-large cap companies.

Corporate Governance

Related Party Transactions

• Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, and a predominant owner of FMR LLC, is reporting beneficial ownership alongside FMR LLC. This represents a related party relationship where an individual and the entity they control/manage have a shared reporting obligation for the same securities.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake can be seen as a positive signal, potentially increasing investor confidence and liquidity.
• Management: Awareness of a major institutional holder can influence management's strategic decisions and communication.
• Regulatory Authorities: The filing ensures transparency regarding significant ownership stakes, fulfilling regulatory requirements.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to monitor their investment in Simply Good Foods Co.
• Future Schedule 13G/A filings will be made if there are material changes to their beneficial ownership (e.g., crossing a 1% threshold up or down, or exceeding 10%).

Key Dates

Recommendation

While the disclosure of a significant stake by FMR LLC and Abigail P. Johnson indicates institutional confidence in Simply Good Foods Co., a Schedule 13G filing alone does not provide sufficient operational or financial data to warrant a 'buy' or 'sell' recommendation. It primarily serves as a transparency update on ownership structure. Investors should 'hold' and await further financial reports and strategic updates for a more comprehensive investment decision, using this filing as an indicator of sustained institutional interest.

Keywords

Simply Good Foods Co., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Fidelity, Investment Management, Shareholder Disclosure