SCHEDULE: Vanguard Group Amends Heartland Express Stake

The Vanguard Group updated its beneficial ownership in Heartland Express Inc., reporting a 5.02% stake as of September 30, 2025.

Summary

• The Vanguard Group, an investment adviser, filed an Amendment No. 7 to its Schedule 13G for Heartland Express Inc.
• As of September 30, 2025, Vanguard beneficially owns 3,889,566 shares of Heartland Express Inc. Common Stock.
• This represents 5.02% of the class of securities.
• Vanguard holds sole dispositive power over 3,561,473 shares and shared dispositive power over 328,093 shares.
• Vanguard holds shared voting power over 278,666 shares and no sole voting power.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: This is a factual disclosure of beneficial ownership by an institutional investor, providing no direct operational or financial sentiment regarding the issuer.

Positives

• Disclosure of a significant institutional investor (The Vanguard Group) holding a 5.02% stake, indicating continued institutional interest in Heartland Express Inc.

Management Comments

• 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.
• I certify that the information set forth in this statement is true, complete and correct. (Statement by Ashley Grim, Head of Global Fund Administration for The Vanguard Group)

Industry Context

This filing reflects a routine disclosure by a major institutional asset manager, The Vanguard Group, regarding its passive investment in Heartland Express Inc., a company operating in the trucking and transportation sector. Such disclosures are common for large index fund providers and typically do not indicate a change in investment strategy specific to the issuer's industry, but rather reflect portfolio adjustments or market movements.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence market perception and liquidity.
• Management: Awareness of a large passive institutional investor.

Key Dates

Keywords

Heartland Express, Vanguard Group, beneficial ownership, Schedule 13G, common stock, institutional investor, trucking, transportation