SCHEDULE: Vanguard Group Amends Virginia National Bankshares Stake

The Vanguard Group has filed an amended Schedule 13G, reporting 0% beneficial ownership in Virginia National Bankshares Corp following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 1 to its Schedule 13G for Virginia National Bankshares Corp.
• The filing indicates that The Vanguard Group now beneficially owns 0% of the Common Stock of Virginia National Bankshares Corp.
• This change is due to 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 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 securities beneficially owned by these subsidiaries and/or business divisions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral for Virginia National Bankshares Corp, as it primarily reflects an internal reporting change by The Vanguard Group rather than a strategic investment decision related to the issuer's performance.

Positives

• Increased transparency regarding The Vanguard Group's internal reporting structure for beneficial ownership.

Negatives

• The Vanguard Group no longer directly holds beneficial ownership in Virginia National Bankshares Corp, reducing its reported stake to 0%.

Risks

• Potential for misinterpretation of the filing as a complete divestment by Vanguard rather than a reporting realignment.

Future Outlook

No forward-looking statements or guidance regarding Virginia National Bankshares Corp's performance or strategy are provided in this filing.

Management Comments

• The Vanguard Group, Inc. went through an internal realignment on January 12, 2026.
• Certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc. will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on SEC Release No. 34-39538.
• 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.

Industry Context

StockSavvy.ai notes that such internal realignments and disaggregated reporting are common among large asset managers like Vanguard, especially to comply with regulatory guidance like SEC Release No. 34-39538, which allows for more granular disclosure by distinct investment management entities within a larger group. This ensures clearer accountability for specific portfolios.

Comparison to Industry Standards

• The disaggregated reporting approach aligns with practices adopted by other large asset managers, such as BlackRock or State Street, who manage numerous funds and separate accounts, to ensure compliance with SEC beneficial ownership rules.

Stakeholder Impact

• Shareholders: May initially perceive a reduction in institutional ownership, but the underlying holdings may still exist under different reporting entities.
• Regulatory Authorities: The filing provides updated compliance with beneficial ownership reporting requirements.

Next Steps

• Subsidiaries or business divisions of The Vanguard Group, Inc. will report their beneficial ownership separately in future filings.

Key Dates

Keywords

Virginia National Bankshares, Vanguard Group, Schedule 13G, beneficial ownership, SEC filing, institutional ownership, financial reporting, bankshares