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REVOLUTION MEDICINES INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and REVOLUTION MEDICINES INC.’s Form 8-K, filed 2024-06-24 (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 9Reported items
  • 243Asset managers
  • 2,096Fund votes
  • 2024-06-20Main meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore REVOLUTION MEDICINES INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by REVOLUTION MEDICINES INC.

These tallies are REVOLUTION MEDICINES INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2024-06-24 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

REVOLUTION MEDICINES INC. — official shareholder meeting results, meeting held 2024-06-20
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Elizabeth McKee Anderson 107,146,109---- 23,367,07117,669,340 Majority: yes
Elect Director: Flavia Borellini, Ph.D. 107,339,633---- 23,173,54717,669,340 Majority: yes
Elect Director: Lorence Kim, M.D. 97,387,991---- 33,125,18917,669,340 Majority: yes
Proposal 2 . The Company's stockholders ratified the appointment, by the audit committee of the Company's board of directors, of PricewaterhouseCoopers LLP as the independent registered public accounting firm of the Company for the fiscal y 148,105,2759,89567,350 ---- Majority: yes
As a routine proposal under applicable rules, no broker non-votes were recorded in connection with this proposal. Proposal 3 . 128,861,4031,624,74827,029 --17,669,340 Majority: yes

This meeting is also recorded here as 2024-06-19; both records come from the same filing, so the date should be checked against it.

Source: REVOLUTION MEDICINES INC., Form 8-K, filed with the SEC on 2024-06-24 — read the filing on EDGAR.

How asset managers voted at the REVOLUTION MEDICINES INC. 2023-2024 meetings

Each item below shows how the 243 asset managers that disclosed a REVOLUTION MEDICINES INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of REVOLUTION MEDICINES INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. TO APPROVE, ON A NON-BINDING, ADVISORY BASIS, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS AS DISCLOSED IN THE PROXY STATEMENT PURSUANT TO THE COMPENSATION DISCLOSURE RULES OF THE SECURITIES AND EXCHANGE COMMISSION ("SAY-ON-PAY").

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-06-20.

Combines 8 wordings of this item as funds reported it.

99.2% fund support · no official result

FOR 99.2%

The 231 asset managers below cast 99.2% of the shares they voted on this item FOR (153,368,870 for, 1,110,783 against).

FOR: 153,368,870 (99.3%)AGAINST: 1,110,783 (0.7%)ABSTAIN: 13,388 (0.0%)
Largest asset managers voting on “TO APPROVE, ON A NON-BINDING, ADVISORY BASIS, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS AS DI” at REVOLUTION MEDICINES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard22,564,9620 00For
New York Life17,066,6440 00For
Wellington13,261,8360 00For
BlackRock11,220,98216,257 00For
Fidelity10,010,9100 00For
T. Rowe Price8,503,1010 00For
State Street7,248,9401,103 00For
BVF INC/IL5,981,2120 00For
Nextech Invest Ltd.5,761,6280 00For
FARALLON CAPITAL MANAGEMENT LLC5,087,3540 00For
Janus Henderson4,209,0710 00For
Woodline Partners LP3,399,1310 00For
DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C)3,090,0730 00For
GEODE CAPITAL MANAGEMENT, LLC3,051,7100 00For
JPMorgan2,244,8560 00For
JANUS INVESTMENT FUND2,192,6960 00For
AH Capital Management, L.L.C.2,128,5230 00For
Charles Schwab2,115,7200 00For
Holocene Advisors, LP1,258,0030 00For
Victory Capital1,209,2360 00For
Northern Trust1,169,16199 00For
Soleus Capital Management, L.P.1,135,8000 00For
AMERIPRISE FINANCIAL INC991,4790 00For
Dimensional989,1770 00For
MARSHALL WACE, LLP958,0140 00For

Showing the 25 largest of 231 asset managers. See all 231 in the interactive database.

2. To elect three Class I directors to hold office until the 2027 Annual Meeting of Stockholders or until his or her successor is elected: Flavia Borellini, Ph.D.

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-06-20.

Combines 4 wordings of this item as funds reported it.

82% Majority: yes · of votes cast

FOR 82%WITHHELD 18%
FOR: 107,339,633WITHHELD: 23,173,547

REVOLUTION MEDICINES INC.’s own tally for this item (“Elect Director: Flavia Borellini, Ph.D.”): 107,339,633 for, 23,173,547 withheld, per its Form 8-K filed 2024-06-24 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 164,913,014 outstanding shares: 65% for, 14% withheld (79% of the company cast a for/withheld vote).

The 70 asset managers below cast 99.9% of the shares they voted on this item FOR (44,383,531 for, 62 against).

FOR 83%ABSTAIN 17%
FOR: 44,383,531 (83.2%)AGAINST: 62 (0.0%)ABSTAIN: 8,945,192 (16.8%)
Largest asset managers voting on “To elect three Class I directors to hold office until the 2027 Annual Meeting of Stockholders or until his or ” at REVOLUTION MEDICINES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard22,232,1070 00For
BlackRock6,608,3890 00For
Fidelity5,792,1080 1,4000For
T. Rowe Price00 3,734,3430Abstain
State Street2,349,1290 3,2400For
JANUS INVESTMENT FUND00 2,192,6960Abstain
JPMorgan2,096,3490 00For
Charles Schwab1,057,8600 00For
Dimensional00 826,6750Abstain
Hartford758,8580 00For
Columbia Threadneedle708,6970 00For
MUTUAL FUND SERIES TRUST650,8260 00For
Victory Capital2,2570 459,3830Abstain
Equitable214,2720 174,3360For
TIAA363,9230 00For
AIG/SunAmerica00 263,5090Abstain
QUANTITATIVE MASTER SERIES LLC260,0030 00For
Bridge Builder Trust34,4750 186,8430Abstain
John Hancock88,8060 111,0390Abstain
Direxion Shares ETF Trust00 183,8680Abstain
Voya164,0670 00For
Northwestern Mutual152,8880 00For
Lincoln Financial135,5470 5,2140For
Jackson National00 120,0290Abstain
ALPS ETF Trust00 115,2560Abstain

Showing the 25 largest of 70 asset managers. See all 70 in the interactive database.

3. To elect three Class I directors to hold office until the 2027 Annual Meeting of Stockholders or until his or her successor is elected: Lorence Kim, M.D.

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-06-20.

Combines 4 wordings of this item as funds reported it.

75% Majority: yes · of votes cast

FOR 75%WITHHELD 25%
FOR: 97,387,991WITHHELD: 33,125,189

REVOLUTION MEDICINES INC.’s own tally for this item (“Elect Director: Lorence Kim, M.D.”): 97,387,991 for, 33,125,189 withheld, per its Form 8-K filed 2024-06-24 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 164,913,014 outstanding shares: 59% for, 20% withheld (79% of the company cast a for/withheld vote).

The 70 asset managers below cast 99.9% of the shares they voted on this item FOR (38,833,073 for, 62 against).

FOR 73%ABSTAIN 27%
FOR: 38,833,073 (72.8%)AGAINST: 62 (0.0%)ABSTAIN: 14,495,650 (27.2%)
Largest asset managers voting on “To elect three Class I directors to hold office until the 2027 Annual Meeting of Stockholders or until his or ” at REVOLUTION MEDICINES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard22,232,1070 00For
BlackRock6,608,3890 00For
Fidelity2,924,6940 2,868,8140For
T. Rowe Price00 3,734,3430Abstain
State Street2,4360 2,349,9330Abstain
JANUS INVESTMENT FUND00 2,192,6960Abstain
JPMorgan2,096,3490 00For
Charles Schwab1,057,8600 00For
Dimensional00 826,6750Abstain
Hartford758,8580 00For
Columbia Threadneedle708,6970 00For
MUTUAL FUND SERIES TRUST650,8260 00For
Victory Capital2,2570 459,3830Abstain
Equitable214,2720 174,3360For
TIAA363,9230 00For
AIG/SunAmerica00 263,5090Abstain
QUANTITATIVE MASTER SERIES LLC260,0030 00For
Bridge Builder Trust34,4750 186,8430Abstain
John Hancock88,8060 111,0390Abstain
Direxion Shares ETF Trust00 183,8680Abstain
Voya00 164,0670Abstain
Northwestern Mutual152,8880 00For
Lincoln Financial21,4350 119,3260Abstain
Jackson National00 120,0290Abstain
ALPS ETF Trust00 115,2560Abstain

Showing the 25 largest of 70 asset managers. See all 70 in the interactive database.

4. To elect three Class I directors to hold office until the 2027 Annual Meeting of Stockholders or until his or her successor is elected: Elizabeth McKee Anderson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-06-20.

Combines 3 wordings of this item as funds reported it.

82% Majority: yes · of votes cast

FOR 82%WITHHELD 18%
FOR: 107,146,109WITHHELD: 23,367,071

REVOLUTION MEDICINES INC.’s own tally for this item (“Elect Director: Elizabeth McKee Anderson”): 107,146,109 for, 23,367,071 withheld, per its Form 8-K filed 2024-06-24 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 164,913,014 outstanding shares: 65% for, 14% withheld (79% of the company cast a for/withheld vote).

The 70 asset managers below cast 99.9% of the shares they voted on this item FOR (44,383,531 for, 62 against).

FOR 83%ABSTAIN 17%
FOR: 44,383,531 (83.2%)AGAINST: 62 (0.0%)ABSTAIN: 8,945,192 (16.8%)
Largest asset managers voting on “To elect three Class I directors to hold office until the 2027 Annual Meeting of Stockholders or until his or ” at REVOLUTION MEDICINES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard22,232,1070 00For
BlackRock6,608,3890 00For
Fidelity5,792,1080 1,4000For
T. Rowe Price00 3,734,3430Abstain
State Street2,349,1290 3,2400For
JANUS INVESTMENT FUND00 2,192,6960Abstain
JPMorgan2,096,3490 00For
Charles Schwab1,057,8600 00For
Dimensional00 826,6750Abstain
Hartford758,8580 00For
Columbia Threadneedle708,6970 00For
MUTUAL FUND SERIES TRUST650,8260 00For
Victory Capital2,2570 459,3830Abstain
Equitable214,2720 174,3360For
TIAA363,9230 00For
AIG/SunAmerica00 263,5090Abstain
QUANTITATIVE MASTER SERIES LLC260,0030 00For
Bridge Builder Trust34,4750 186,8430Abstain
John Hancock88,8060 111,0390Abstain
Direxion Shares ETF Trust00 183,8680Abstain
Voya164,0670 00For
Northwestern Mutual152,8880 00For
Lincoln Financial135,5470 5,2140For
Jackson National00 120,0290Abstain
ALPS ETF Trust00 115,2560Abstain

Showing the 25 largest of 70 asset managers. See all 70 in the interactive database.

5. To ratify the appointment, by the Audit Committee of the Company's Board of Directors, of PricewaterhouseCoopers LLP, as the independent registered public accounting firm of the Company for its fiscal year ending December 31, 2024; and

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2024-06-20.

Combines 4 wordings of this item as funds reported it.

99.9% Majority: yes · of votes cast

FOR 99.9%
FOR: 148,105,275AGAINST: 9,895

REVOLUTION MEDICINES INC.’s own tally for this item (“Proposal 2 . The Company's stockholders ratified the appointment, by the audit committee of the Company's board of directors, of PricewaterhouseCoopers LLP as the independent registered public accounting firm of the Comp”): 148,105,275 for, 9,895 against, per its Form 8-K filed 2024-06-24 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 164,913,014 outstanding shares: 90% for, 0.1% against (90% of the company cast a for/against vote).

The 70 asset managers below cast 100% of the shares they voted on this item FOR (53,317,724 for, 0 against).

FOR 99.9%
FOR: 53,317,724 (100.0%)ABSTAIN: 11,061 (0.0%)
Largest asset managers voting on “To ratify the appointment, by the Audit Committee of the Company's Board of Directors, of PricewaterhouseCoope” at REVOLUTION MEDICINES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard22,232,1070 00For
BlackRock6,608,3890 00For
Fidelity5,793,5080 00For
T. Rowe Price3,734,3430 00For
State Street2,352,3690 00For
JANUS INVESTMENT FUND2,192,6960 00For
JPMorgan2,096,3490 00For
Charles Schwab1,057,8600 00For
Dimensional826,6750 00For
Hartford758,8580 00For
Columbia Threadneedle708,6970 00For
MUTUAL FUND SERIES TRUST650,8260 00For
Victory Capital461,6400 00For
Equitable388,6080 00For
TIAA363,9230 00For
AIG/SunAmerica263,5090 00For
QUANTITATIVE MASTER SERIES LLC260,0030 00For
Bridge Builder Trust221,3180 00For
John Hancock199,8450 00For
Direxion Shares ETF Trust183,8680 00For
Voya164,0670 00For
Northwestern Mutual152,8880 00For
Lincoln Financial140,7610 00For
Jackson National120,0290 00For
ALPS ETF Trust115,2560 00For

Showing the 25 largest of 70 asset managers. See all 70 in the interactive database.

6. To approve the adjournment of the Revolution Medicines special meeting, to a later date or dates, if necessary or appropriate, to solicit additional proxies if there are not sufficient votes at the time of the Revolution Medicines special meeting to approve the Revolution Medicines share issuance proposal.

CORPORATE GOVERNANCE

Meeting held 2023-11-08; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

78% fund support · no official result

FOR 78%AGAINST 22%

The 63 asset managers below cast 78% of the shares they voted on this item FOR (28,344,891 for, 7,902,667 against).

FOR: 28,344,891 (77.9%)AGAINST: 7,902,667 (21.7%)ABSTAIN: 124,581 (0.3%)
Largest asset managers voting on “To approve the adjournment of the Revolution Medicines special meeting, to a later date or dates, if necessary” at REVOLUTION MEDICINES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard15,320,0680 00For
T. Rowe Price03,884,643 00Against
BlackRock3,596,8860 00For
Fidelity576,4531,847,742 00Against
JPMorgan2,202,5360 00For
State Street01,895,188 00Against
Dimensional1,401,7520 00For
Charles Schwab764,3710 00For
JANUS INVESTMENT FUND714,7220 00For
Columbia Threadneedle500,6500 00For
Hartford492,5990 00For
MUTUAL FUND SERIES TRUST361,0000 00For
Victory Capital314,8900 00For
Equitable162,00920,148 113,5200For
TIAA274,9450 00For
AIG/SunAmerica256,6260 00For
QUANTITATIVE MASTER SERIES LLC168,8840 00For
Brighthouse63,14868,556 11,0610Against
John Hancock79,37756,238 00For
Northwestern Mutual117,2690 00For
Lincoln Financial28,33382,400 00Against
Direxion Shares ETF Trust107,6630 00For
Jackson National91,0210 00For
First Trust86,2340 00For
MML SERIES INVESTMENT FUND71,8680 00For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

7. To approve the issuance of shares of Revolution Medicines common stock (including securities convertible into or exercisable for shares of Revolution Medicines common stock) to certain equityholders of EQRX, Inc., which is referred to as EQRX, pursuant to the Agreement and Plan of Merger, dated as of July 31, 2023 (as it may be amended from time to time), by and among Revolution Medicines, Equinox

EXTRAORDINARY TRANSACTIONS

Meeting held 2023-11-08; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

81% fund support · no official result

FOR 81%AGAINST 19%

The 63 asset managers below cast 81% of the shares they voted on this item FOR (29,507,898 for, 6,750,721 against).

FOR: 29,507,898 (81.1%)AGAINST: 6,750,721 (18.6%)ABSTAIN: 113,520 (0.3%)
Largest asset managers voting on “To approve the issuance of shares of Revolution Medicines common stock (including securities convertible into ” at REVOLUTION MEDICINES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard9,377,2835,942,785 00For
T. Rowe Price3,884,6430 00For
BlackRock3,596,8860 00For
Fidelity2,424,1950 00For
JPMorgan2,202,5360 00For
State Street1,895,1880 00For
Dimensional1,401,7520 00For
Charles Schwab764,3710 00For
JANUS INVESTMENT FUND714,7220 00For
Columbia Threadneedle500,6500 00For
Hartford0492,599 00Against
MUTUAL FUND SERIES TRUST361,0000 00For
Victory Capital312,9281,962 00For
Equitable182,1570 113,5200For
TIAA274,9450 00For
AIG/SunAmerica256,6260 00For
QUANTITATIVE MASTER SERIES LLC168,8840 00For
Brighthouse111,97230,793 00For
John Hancock95,28240,333 00For
Northwestern Mutual0117,269 00Against
Lincoln Financial110,7330 00For
Direxion Shares ETF Trust107,6630 00For
Jackson National91,0210 00For
First Trust86,2340 00For
MML SERIES INVESTMENT FUND071,868 00Against

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

8. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-06-20.

98% fund support · no official result

FOR 98%

The 4 asset managers below cast 98% of the shares they voted on this item FOR (2,934,131 for, 58,627 against).

FOR: 2,934,131 (98.0%)AGAINST: 58,627 (2.0%)
Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at REVOLUTION MEDICINES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan2,764,0610 00For
ADAGE CAPITAL PARTNERS GP, L.L.C.169,8210 00For
Desjardins Global Asset Management Inc.058,627 00Against
TD ASSET MANAGEMENT INC2490 00For

9. TO APPROVE, ON A NON-BINDING, ADVISORY BASIS, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS AS DISCLOSED IN THE PROXY STATEMENT PURSUANT TO THE COMPENSATION DISCLOSURE RULES OF THE SECURITIES AND EXCHANGE COMMISSION (SAY-ON-PAY&QUOT). &QUOT

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-06-20.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (3,675,757 for, 0 against).

FOR: 3,675,757 (100.0%)
Largest asset managers voting on “TO APPROVE, ON A NON-BINDING, ADVISORY BASIS, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS AS DI” at REVOLUTION MEDICINES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Boxer Capital, LLC3,675,5820 00For
WIMMER ASSOCIATES 1, LLC1750 00For

Largest REVOLUTION MEDICINES INC. shareholders voting in 2023-2024

Ranked by the number of REVOLUTION MEDICINES INC. shares each manager voted on the most widely held ballot item of the 2023-2024 meeting, shown as a share of the 164,913,014 shares outstanding at the time of that meeting.

Top REVOLUTION MEDICINES INC. shareholders by shares voted, 2023-2024
#Asset manager % of shares outstanding
1Vanguard 13.68%
2New York Life 10.35%
3Wellington 8.04%
4BlackRock 6.81%
5Fidelity 6.07%
6T. Rowe Price 5.16%
7State Street 4.40%
8BVF INC/IL 3.63%
9Nextech Invest Ltd. 3.49%
10FARALLON CAPITAL MANAGEMENT LLC 3.08%

Reported REVOLUTION MEDICINES INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

REVOLUTION MEDICINES INC. beneficial owners on record for the 2023-2024 proxy season
Holder % outstanding Disclosure
Vanguard Group 9.50% 13F
Entities affiliated with Wellington Management Group 9.02% DEF14A
Wellington Management 8.92% 13F
FMR (Fidelity) 5.70% 13F
BlackRock 5.05% 13F
Thilo Schroeder, Ph.D. 3.93% DEF14A
State Street 3.27% 13F
T. Rowe Price 2.92% 13F
Geode Capital 1.85% 13F
Alexis Borisy 1.59% DEF14A

Percentages above are of 164,913,014 shares outstanding, as reported by REVOLUTION MEDICINES INC. on its Form 10-Q dated 2024-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from REVOLUTION MEDICINES INC.’s 10-Q dated 2024-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At REVOLUTION MEDICINES INC.'s 2 shareholder meetings in the 2023-2024 proxy season (held 2023-11-08 and 2024-06-20), 243 asset managers reported how they voted in their SEC Form N-PX filings, covering 2,096 separate fund positions. Their filings are grouped here into 9 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. REVOLUTION MEDICINES INC.'s own Form 8-K tally for this meeting is published below, but no row in it could be matched to the most widely held item, so this page states no certified outcome for that item. On that item — TO APPROVE, ON A NON-BINDING, ADVISORY BASIS, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE… — the reporting funds cast 99.2% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

REVOLUTION MEDICINES INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.