SCHEDULE: Vanguard Group Amends Stake in Radiant Logistics, Reports 4.43% Ownership

The Vanguard Group has filed an amended Schedule 13G, disclosing a 4.43% beneficial ownership stake in Radiant Logistics Inc. as of June 30, 2025.

Summary

• The Vanguard Group reported beneficial ownership of 2,090,148 shares of Radiant Logistics Inc. common stock.
• This ownership represents 4.43% of the total class of securities.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating a passive investment intent.
• Vanguard holds 2,057,072 shares with sole dispositive power and 33,076 shares with shared dispositive power.
• Vanguard holds 0 shares with sole voting power and 13,798 shares with shared voting power.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Radiant Logistics Inc.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by a passive institutional investor and does not contain information that would significantly alter the perceived value or outlook of the company, thus indicating a neutral sentiment.

Positives

• The continued significant stake held by a major institutional investor like The Vanguard Group can be viewed as a vote of confidence in Radiant Logistics Inc.

Negatives

• The filing itself, being a routine disclosure of passive ownership, does not present any inherent negatives regarding the company's performance or outlook.

Risks

• The Vanguard Group's ownership is passive, as certified in the filing, meaning they do not intend to influence or change control of Radiant Logistics Inc., which limits their potential role in corporate governance or strategic direction.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding Radiant Logistics Inc.'s future performance or strategic outlook, as it is a beneficial ownership disclosure.

Management Comments

• The Vanguard Group certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

Institutional ownership, particularly by large asset managers like Vanguard, is a common feature in publicly traded companies. Their passive stakes often reflect inclusion in index funds or broad market portfolios, rather than active strategic investments, and are a standard part of diversified investment strategies.

Comparison to Industry Standards

• This filing is a standard disclosure for institutional investors holding less than 5% of a company's stock with passive intent, aligning with typical reporting requirements for large asset managers.
• Similar beneficial ownership disclosures are routinely made by other major investment firms such as BlackRock or State Street, which also hold passive stakes across numerous public companies as part of their diversified fund offerings.

Stakeholder Impact

• Shareholders may view the continued significant stake by a large, reputable institutional investor like Vanguard as a positive signal, potentially reinforcing confidence in the company's stability and long-term prospects.

Next Steps

• No specific future actions, events, or milestones are mentioned in this beneficial ownership filing.

Key Dates

Keywords

Radiant Logistics Inc., Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Logistics, Passive Investment