SCHEDULE: Vanguard Group Reports 0% Backblaze Stake Post-Realignment

The Vanguard Group has reported a 0% beneficial ownership in Backblaze Inc. following an internal realignment, disaggregating its reporting.

Summary

• The Vanguard Group, Inc. filed an Amendment No. 1 to Schedule 13G for Backblaze Inc.'s Common Stock.
• The filing indicates that The Vanguard Group now holds 0% beneficial ownership of Backblaze Inc.'s Common Stock.
• This change is due to an internal realignment within The Vanguard Group, effective January 12, 2026.
• Certain subsidiaries and business divisions will now report their beneficial ownership separately, in accordance with SEC Release No. 34-39538 (January 12, 1998).
• The Vanguard Group, Inc. no longer deems itself to have beneficial ownership over securities held by these disaggregated entities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily administrative in nature, reflecting an internal organizational change at Vanguard rather than a positive or negative assessment of Backblaze Inc.

Positives

• The internal realignment allows for more granular and disaggregated reporting of beneficial ownership by Vanguard's subsidiaries, potentially increasing transparency for specific funds.

Negatives

• The Vanguard Group, as the parent entity, no longer reports any beneficial ownership in Backblaze Inc., which might be interpreted as a complete divestment from the parent's perspective.

Risks

• The disaggregation of reporting means that the overall beneficial ownership of Backblaze by the broader Vanguard ecosystem is no longer consolidated under The Vanguard Group, Inc. in this specific filing, potentially making it harder to track the total Vanguard-affiliated holdings without reviewing multiple filings.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding Backblaze Inc.'s future performance or The Vanguard Group's future investment intentions beyond the reporting change.

Management Comments

• On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment.
• 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.
• 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 institutional investors like The Vanguard Group frequently adjust their reporting structures and beneficial ownership disclosures due to internal reorganizations or changes in regulatory interpretations. This specific filing reflects a shift in how Vanguard's holdings are reported rather than a direct investment decision regarding Backblaze Inc. itself, aligning with broader trends towards more granular fund-level transparency.

Stakeholder Impact

• Shareholders: May need to review multiple Vanguard-affiliated filings to ascertain the total beneficial ownership by the broader Vanguard ecosystem.
• Regulatory Authorities: The disaggregated reporting provides more specific insights into holdings by individual Vanguard entities.

Next Steps

• Vanguard's subsidiaries or business divisions will now report their beneficial ownership in Backblaze Inc. separately.

Key Dates

Keywords

Backblaze Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, Institutional Investor, SEC Filing, Investment Adviser, Common Stock, Disaggregation