Vanguard Portfolio Management Trims Stake Below 5% in Tyler Technologies

Beneficial Ownership Update: Tyler Technologies Inc (NYSE: TYL)

Overview

On October 30, 2026, Vanguard Portfolio Management LLC filed an amended Schedule 13G (Amendment No. 1) with the SEC regarding its holding in Tyler Technologies Inc.

Key Findings

• Ownership Level: Vanguard reports beneficial ownership of 1,991,723 shares of Common Stock, representing 4.86% of the outstanding class as of September 30, 2026.
• Voting and Dispositive Power:
  • Sole Voting Power: 5,017 shares
  • Shared Voting Power: 0 shares
  • Sole Dispositive Power: 1,991,723 shares
  • Shared Dispositive Power: 0 shares
• Exit Below 5% Threshold: Item 5 indicates that the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities.

Market & Governance Context

Because Vanguard is a passive institutional investment manager (filing under Rule 13d-1(b)), this adjustment reflects routine portfolio rebalancing or fund outflow mechanics rather than an activist move. Dropping below the 5% threshold relieves the reporting person of certain future Schedule 13G filing obligations for this position.