Vanguard disaggregates holdings; reports 0 shares of Regeneron (REGN)

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Vanguard has filed an amended Schedule 13G/A for Regeneron Pharmaceuticals (REGN), reporting 0 shares beneficially owned and 0% of common stock. This change is due to an internal realignment on January 12, 2026, which causes certain Vanguard subsidiaries to disaggregate and report their holdings separately, as per SEC Release No. 34-39538. While Vanguard itself now reports no beneficial ownership, subsidiary filings may reveal previous holdings.

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