SCHEDULE: Vanguard Group Reports Zero UL Solutions Ownership

The Vanguard Group has reported a 0% beneficial ownership in UL Solutions Inc. following an internal corporate realignment.

Summary

• The Vanguard Group, Inc. (the reporting person) now holds 0% beneficial ownership of UL Solutions Inc. Common Stock.
• This change is a result of an internal realignment within The Vanguard Group, Inc., which became effective on January 12, 2026.
• Certain subsidiaries or business divisions of The Vanguard Group, Inc. will now report their beneficial ownership separately, on a disaggregated basis.
• These subsidiaries and/or business divisions continue to pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these disaggregated entities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event for UL Solutions Inc. as the change in beneficial ownership by The Vanguard Group, Inc. is attributed to an internal administrative realignment rather than a strategic divestment.

Positives

• The change in beneficial ownership is due to an internal corporate realignment within The Vanguard Group, Inc., not a divestment of the underlying assets by Vanguard's broader investment strategies.
• The underlying investment strategies pursued by Vanguard's subsidiaries regarding UL Solutions Inc. are expected to remain consistent.

Negatives

• The specific reporting entity, The Vanguard Group, Inc., no longer reports a beneficial ownership stake in UL Solutions Inc.

Future Outlook

NA

Management Comments

• On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment.
• In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release.
• These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.
• 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 large asset managers like Vanguard frequently undergo internal restructurings to optimize operational efficiency, regulatory compliance, or investment strategy alignment. This specific realignment, leading to disaggregated reporting, is an administrative change for Vanguard and does not necessarily reflect a change in investment thesis regarding UL Solutions Inc. by Vanguard's broader family of funds.

Stakeholder Impact

• Shareholders of UL Solutions Inc. should be aware that The Vanguard Group, Inc. as a single entity no longer reports beneficial ownership, but the underlying investment by Vanguard's broader family of funds may still be present, just reported through different entities. This is primarily an administrative change for Vanguard.

Next Steps

• Vanguard's subsidiaries or business divisions are expected to report their beneficial ownership of UL Solutions Inc. separately in future filings.

Key Dates

Recommendation

The filing indicates an administrative change in how Vanguard reports its holdings, not a fundamental shift in its investment in UL Solutions Inc. Therefore, it does not warrant a change in investment strategy based solely on this filing.

Keywords

UL Solutions Inc, Vanguard Group, Schedule 13G, beneficial ownership, internal realignment, common stock, institutional ownership