Vanguard Files Amendment 5 for Hims & Hers, Now 0% Owner

The Vanguard Group filed Amendment 5 to Schedule 13G/A for Hims & Hers Health Inc. (HIMS) on March 27, 2026, reporting 0% ownership of the company's common stock. This filing represents a significant change from previous reports due to an internal realignment that occurred on January 12, 2026. According to the filing, Vanguard underwent an organizational restructuring where certain subsidiaries and business divisions that previously reported beneficial ownership collectively with Vanguard will now report separately on a disaggregated basis. The filing indicates that Vanguard no longer has beneficial ownership over securities held by these subsidiaries, which continue to pursue the same investment strategies. The amendment reports zero shares beneficially owned, zero voting power, and zero dispositive power. This represents a technical reporting change rather than an actual divestment, as the subsidiaries maintain their positions but now report separately in compliance with SEC regulations.