Vanguard disaggregates holdings; reports 0% in Franklin Financial (FRAF)

Rhea-AI Filing Summary

Franklin Financial Services Corp reported an amendment to a Schedule 13G/A showing The Vanguard Group disaggregated certain subsidiaries and now reports 0 shares of Common Stock, representing 0% ownership. The amendment states the internal realignment occurred on January 12, 2026 and that affected subsidiaries will report separately in reliance on SEC Release No. 34-39538. The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/26/2026.

Insights

Institutional Ownership Analyst

Vanguard disaggregated holdings; filing shows no beneficial ownership.

The amendment states The Vanguard Group underwent an internal realignment on January 12, 2026 and, relying on SEC Release No. 34-39538, certain subsidiaries will report beneficial ownership separately. The Schedule 13G/A lists an amount beneficially owned: 0 and percent of class: 0%.

Because the filing records 0 shares, there is no immediate ownership overhang for Common Stock. Subsequent separate filings by Vanguard subsidiaries may show holdings; timing and amounts are not provided here.

Securities Compliance Counsel

Amendment documents reliance on SEC disaggregation guidance and updates reporting structure.

The text cites SEC Release No. 34-39538 as the basis for separate reporting by Vanguard subsidiaries following an internal realignment. The amendment clarifies that The Vanguard Group, Inc. "no longer has, or is deemed to have, beneficial ownership" over securities held by those subsidiaries.

Filing is an ownership-status update; it records 0 shares and includes a signature dated 03/26/2026. Regulatory qualifiers are preserved in the amendment language.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Franklin Financial Services Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

(CUSIP Number)

03/13/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP No.

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Franklin Financial Services Corp
(b)	Address of issuer's principal executive offices: 20 South Main Street, PO Box 6010, Chambersburg, PA, 17201
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd.,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0
(b)	Percent of class: 0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, 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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	03/26/2026

FAQ

What does the Schedule 13G/A amendment say about Vanguard's holdings in FRAF?

The amendment states The Vanguard Group reports 0 shares of Franklin Financial Services Corp common stock, representing 0% ownership, following an internal realignment on January 12, 2026. The filing cites SEC Release No. 34-39538 for disaggregation.

Why did The Vanguard Group disaggregate its reporting for FRAF holdings?

The filing explains Vanguard underwent an internal realignment on January 12, 2026, and in reliance on SEC Release No. 34-39538, certain subsidiaries or divisions will report beneficial ownership separately from The Vanguard Group, Inc.

Does this amendment indicate Vanguard subsidiaries hold FRAF shares now?

The amendment states Vanguard subsidiaries will report separately but does not quantify subsidiary holdings here. The Schedule 13G/A for The Vanguard Group itself shows 0 shares; any subsidiary holdings would appear in separate filings.

Who signed the amendment for The Vanguard Group and when?

The Schedule 13G/A amendment is signed by Ashley Grim, Head of Global Fund Administration, with a signature date of 03/26/2026, certifying the amended ownership disclosure for Franklin Financial Services Corp.

Does the amendment change Franklin Financial Services Corp's outstanding share count or ownership structure?

No numbers for Franklin Financial Services Corp outstanding shares or ownership structure are provided in this amendment. It solely amends The Vanguard Group's reported beneficial ownership to 0 shares and explains reporting disaggregation.