BlackRock Reports 28.45M Rayonier Shares (NYSE: RYN) Amendment No.3

Rhea-AI Filing Summary

Rayonier Inc. amendment shows BlackRock, Inc. reports beneficial ownership of 28,446,741 shares of Rayonier common stock, equal to 9.4% of the class as of 03/31/2026. The filing lists sole voting power of 27,685,026 shares and sole dispositive power of 28,446,741 shares and states the holdings reflect certain Reporting Business Units of BlackRock. The amendment is signed 04/24/2026.

Insights

Institutional Ownership Analyst

BlackRock reports a near-double-digit stake in Rayonier, shown at 9.4%.

BlackRock's Schedule 13G/A indicates beneficial ownership of 28,446,741 shares as of 03/31/2026, with voting and dispositive powers quantified in Item 4. The filing attributes holdings to Reporting Business Units rather than a single fund, which is common for large asset managers.

Implications depend on trading by those units; subsequent filings would show any change. Cash‑flow treatment and specific underlying funds are not detailed here.

Corporate Governance Specialist

Filing is an ownership disclosure not an operational or governance change.

The Schedule 13G/A is an amended passive ownership report (Amendment No. 3) listing voting and dispositive powers: sole voting power 27,685,026, sole dispositive power 28,446,741. It cites SEC Release guidance on aggregating business units.

This does not itself signal control intent; any shift to active intent would require a different filing form. Watch for future amendments or a Schedule 13D if intent changes.

Key Figures

Beneficial ownership: 28,446,741 shares Percent of class: 9.4% Sole voting power: 27,685,026 shares +3 more

6 metrics

Beneficial ownership 28,446,741 shares Schedule 13G/A Item 4; as of 03/31/2026

Percent of class 9.4% Schedule 13G/A Item 4; as of 03/31/2026

Sole voting power 27,685,026 shares Schedule 13G/A Item 4

Sole dispositive power 28,446,741 shares Schedule 13G/A Item 4

CUSIP 754907103 Cover page identification

Amendment signature date 04/24/2026 Signature block

Key Terms

Schedule 13G/A, beneficially owned, sole dispositive power, Reporting Business Units

4 terms

Schedule 13G/A regulatory

"Amendment No. 3; Schedule 13G/A reporting beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Amount beneficially owned: 28446741"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power regulatory

"Sole power to dispose: 28446741"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Reporting Business Units other

"securities beneficially owned by certain Reporting Business Units"

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

RAYONIER INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

754907103

(CUSIP Number)

03/31/2026

(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 Number(s): 754907103

1

Names of Reporting Persons

BlackRock, Inc.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 27,685,026.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 28,446,741.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

28,446,741.00

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)

9.4 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: RAYONIER INC
(b)	Address of issuer's principal executive offices: 1 RAYONIER WAY WILDLIGHT FL 32097
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 754907103
Item 4.	Ownership
(a)	Amount beneficially owned: 28446741
(b)	Percent of class: 9.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 27685026
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 28446741
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of RAYONIER INC. No one person's interest in the common stock of RAYONIER INC is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
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.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	04/24/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

FAQ

What does BlackRock's 9.4% stake in RYN mean?

It means BlackRock beneficially owns 28,446,741 shares (9.4%) of Rayonier as reported. The filing attributes these holdings to Reporting Business Units of BlackRock, not a single fund, per the cover-page note.

What voting powers does BlackRock report for RYN?

BlackRock reports sole voting power for 27,685,026 shares and no shared voting power. The Schedule 13G/A lists voting and dispositive powers in Item 4 to quantify control rights.

As of what date are BlackRock's RYN holdings reported?

The beneficial ownership is reported as of 03/31/2026 on the cover. The amendment is signed 04/24/2026, which updates prior disclosures with that as-of date.

Does this filing mean BlackRock seeks control of Rayonier (RYN)?

No. This Schedule 13G/A is a passive ownership disclosure showing beneficial holdings of 28,446,741 shares. A Schedule 13D would be filed if BlackRock declared an intent to influence control.

Which BlackRock entity is reporting the shares of RYN?

The filing is made by BlackRock, Inc. and states the counts reflect securities held by certain Reporting Business Units and affiliates of BlackRock, per the cover-page statement.