SCHEDULE: Vanguard Group Discloses 4.84% Stake in Simulations Plus

The Vanguard Group has filed an amendment to its Schedule 13G, reporting a 4.84% beneficial ownership stake in Simulations Plus Inc. as of September 30, 2025.

Summary

• The Vanguard Group reported beneficial ownership of 974,484 shares of Simulations Plus Inc. Common Stock.
• This ownership represents 4.84% of the company's class of securities.
• The filing indicates that Vanguard holds 0 shares with sole voting power, 108,553 shares with shared voting power, 859,964 shares with sole dispositive power, and 114,520 shares with shared dispositive power.
• The filing date for the event requiring this statement is September 30, 2025, which is a future date.
• The Vanguard Group is classified as an investment adviser (IA) for this filing.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Simulations Plus Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While a Schedule 13G is a routine disclosure, the continued presence of a major institutional investor like Vanguard can be interpreted as a stable, long-term vote of confidence in the company, without indicating any immediate negative or positive operational changes.

Positives

• The continued holding by a major institutional investor like The Vanguard Group can be seen as a vote of confidence in Simulations Plus Inc.'s long-term prospects.
• Vanguard's passive investment strategy, as indicated by the Schedule 13G filing, suggests a belief in the company's fundamental value without seeking to influence management or control.

Negatives

• The reported ownership percentage of 4.84% is below the 5% threshold, which means it does not trigger more active reporting requirements (Schedule 13D) that might signal a more aggressive investment stance or potential activist interest.

Risks

• No specific risks related to Simulations Plus Inc. were mentioned in this ownership disclosure filing.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Simulations Plus Inc.'s future performance or outlook.

Management Comments

• "By signing below 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

The Vanguard Group is one of the world's largest investment management companies, known for its passive investment strategies, primarily through index funds and ETFs. Its holdings in individual companies like Simulations Plus Inc. reflect its broad market exposure and inclusion of the company in various indices. This filing is a routine disclosure for a large institutional investor maintaining a significant, but non-controlling, stake.

Comparison to Industry Standards

• The Vanguard Group's beneficial ownership of 4.84% in Simulations Plus Inc. is consistent with its typical strategy of holding diversified portfolios across numerous public companies, often through index-tracking funds.
• Unlike activist investors who might file a Schedule 13D to signal an intent to influence management, Vanguard's 13G filing confirms a passive investment approach, aligning with its established reputation as a long-term, hands-off institutional holder.
• This level of ownership is common for large asset managers in companies of similar market capitalization within their investment universe, reflecting a standard portfolio allocation rather than a targeted strategic investment.

Stakeholder Impact

• Shareholders: The presence of a large, passive institutional investor like Vanguard can provide stability and liquidity to the stock, potentially signaling long-term confidence to other investors.
• Company Management: The filing indicates that Vanguard is not seeking to influence control, allowing management to focus on executing its strategic plans without immediate pressure from this particular shareholder.

Next Steps

• The Vanguard Group will continue to monitor its investment in Simulations Plus Inc. and file further amendments to its Schedule 13G if its beneficial ownership crosses certain thresholds or if its investment intent changes.

Key Dates

Keywords

Simulations Plus Inc, Vanguard Group, SEC filing, Schedule 13G, beneficial ownership, institutional investor, common stock, investment adviser