SCHEDULE: Vanguard Group Discloses 6.77% Stake in Eastman Kodak

The Vanguard Group has reported a 6.77% beneficial ownership stake in Eastman Kodak Co., primarily for investment purposes.

Summary

• The Vanguard Group, based in Malvern, PA, has filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Eastman Kodak Co.
• As of June 30, 2025, The Vanguard Group beneficially owns 5,473,318 shares of Eastman Kodak Co. Common Stock.
• This ownership represents 6.77% of the class of securities.
• The Vanguard Group holds sole voting power over 0 shares, shared voting power over 43,513 shares, sole dispositive power over 5,402,898 shares, and shared dispositive power over 70,420 shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of beneficial ownership by a large institutional investor. It does not contain information that would inherently suggest a positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• A major institutional investor, The Vanguard Group, maintains a significant stake in Eastman Kodak Co., indicating continued passive investment interest.
• The filing confirms that Vanguard's holdings are for ordinary course of business and not for control-influencing purposes, which can provide stability for the company's current management and strategic direction.

Risks

• The filing itself does not detail specific risks related to Eastman Kodak Co.'s operations or financial health, as it is a beneficial ownership disclosure.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding Eastman Kodak Co.'s future performance or strategic direction.

Management Comments

• The Vanguard Group's Head of Global Fund Administration, Ashley Grim, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Industry Context

This filing reflects a routine disclosure by a major asset manager, The Vanguard Group, regarding its passive investment holdings in a publicly traded company. Such disclosures are common in the financial industry, providing transparency on significant institutional ownership stakes and are generally not indicative of strategic shifts or activist intent from the investor.

Stakeholder Impact

• Shareholders: Provides transparency on a significant institutional holder's stake, confirming a passive investment approach.

Key Dates

Keywords

Eastman Kodak Co, Vanguard Group, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Passive Investment, Ownership Stake