Full Press Release Details
Mechelen, Belgium; March 117, 2026, 22:01 CET;regulated information –Galapagos NV (Euronext & NASDAQ: GLPG) received a transparency notification from Bank of America.
Pursuant to Belgian transparency legislation1, Galapagos received transparency notification from Bank of America Corporation on March 12, 2026. The notification indicates that Bank of America Corporation, as controlling entity, fell below the 5% threshold for of Galapagos’ voting rights on March 10, 2026, as a result of the disposal of equivalent financial instruments relating to Galapagos’ voting rights.
On March 12, 2026, Bank of America Corporation (taking into account the holding of its affiliates) owned 421,092 voting rights and 2,158,293 equivalent financial instruments, representing together 3.91% of Galapagos’ currently outstanding 65,897,071 shares.
Summary of the transactions:
| Date on which the threshold was crossed | Date of notification | Direct voting rights after the transaction | Equivalent financial instruments after the transaction | Total (%)voting rights |
| March 10, 2026 | March 12, 2026 | 0.64% | 3.28% | 3.91% |
Content of the notifications from Bank of America Corporation:The notification dated March 12, 2026, contains the following information:
• Date of notification: March 12, 2026
• Date on which the threshold is crossed: March 10, 2026
• Threshold of voting rights crossed (in %): 5%
• Notification by: Bank of America Corporation
• Denominator: 65,897,071
• Reason for the notification: Acquisition or disposal of financial instruments that are treated as voting securities
• Notified details:
| A) Voting Rights | Previous notification | After the transaction | |||
| # of voting rights | # of voting rights | % of voting rights | |||
| Holder of voting rights | Linked to securities | Not linked to securities | Linked to securities | Not linked to securities | |
| Bank of America Corporation | 0 | 0 | 0.00% | ||
| Bank of America, National Association | 12,440 | 12,447 | 0.02% | ||
| Merrill Lynch International | 128,053 | 225,319 | 0.34% | ||
| Managed Account Advisors LLC | 3 | 3 | 0.00% | ||
| BofA Securities, Inc. | 180,123 | 168,740 | 0.26% | ||
| Merrill Lynch, Pierce, Fenner & SmithIncorporated | 14,462 | 14,462 | 0.02% | ||
| U.S. Trust Company of Delaware | 121 | 121 | 0.00% | ||
| Subtotal | 335,202 | 421,092 | 0.64% | ||
| TOTAL | 421,092 | 0 | 0.64% | 0.00% |
| B) Equivalent financial instruments | After the transaction | |||||
| Holder of equivalent financial instruments | Type of financial instrument | Expiration date | Exercise period or date | # of voting rights that may be acquired if the instrument is exercised | % of voting rights | Settlement |
| Merrill Lynch International | Right to Recall | 111,582 | 0.17% | physical | ||
| Merrill Lynch International | Rights of Use | 6,579 | 0.01% | physical | ||
| BofA Securities, Inc. | Right to Recall | 11,500 | 0.02% | physical | ||
| BofA Securities, Inc. | Rights of Use | 1,876,489 | 2.85% | physical | ||
| Merrill Lynch International | Physical Call Option | 19/06/2026 | 100,000 | 0.15% | physical | |
| Bank of America, National Association | Swaps | 15/04/2027 | 12,214 | 0.02% | cash | |
| Bank of America, National Association | Swaps | 29/02/2028 | 843 | 0.00% | cash | |
| Bank of America, National Association | Swaps | 15/10/2027 | 5 | 0.00% | cash | |
| Merrill Lynch International | Swaps | 15/01/2027 | 8,056 | 0.01% | cash | |
| Merrill Lynch International | Swaps | 30/04/2026 | 8,240 | 0.01% | cash | |
| Merrill Lynch International | Swaps | 02/07/2026 | 592 | 0.00% | cash | |
| Merrill Lynch International | Swaps | 01/11/2027 | 5,217 | 0.01% | cash | |
| Merrill Lynch International | Swaps | 15/04/2027 | 12,214 | 0.02% | cash | |
| Merrill Lynch International | Swaps | 30/06/2026 | 3,108 | 0.00% | cash | |
| Merrill Lynch International | Swaps | 31/03/2027 | 950 | 0.00% | cash | |
| Merrill Lynch International | Swaps | 29/01/2027 | 704 | 0.00% | cash | |
| TOTAL | 2,158,293 | 3.28% |
| TOTAL (A&B) | # of voting rights | % of voting rights |
| 2,579,385 | 3.91% |
The chain of control has been described at the end of the notification (section 11) and can be foundhere.
About GalapagosGalapagos is a biotechnology company built to bring meaningful medicines to patients with serious diseases in therapeutic areas of unmet need. The Company combines world-class deal making expertise with capital to identify, acquire, and advance promising opportunities that have the potential to drive value for patients and shareholders. Applying a modality-agnostic asset selection approach and operational flexibility, Galapagos prioritizes oncology and immunology & inflammation programs with clear clinical proof-of-concept in emerging areas. For more information, visitwww.glpg.comor follow us onLinkedInorX.
For further information, contact Galapagos:Investor RelationsGlenn Schulman
+1 412 522 6239ir@glpg.com
MediaMediaKatie Morris+1 952 288 6821katiemorris@ententeinc.com
1Belgian Act of 2 May 2007 on the disclosure of major shareholdings in issuers whose shares are admitted to trading on a regulated market and regarding miscellaneous provisions, as amended from time to time.
Attachment
• Galapagos Receives Transparency Notification from Bank of America