Galapagos Receives Transparency Notification from Bank of America
16-Feb-2026 16:01:01 EST
Galapagos Receives Transparency Notification from Bank of America
GlobeNewswire February 16, 2026
Mechelen, Belgium; February 16, 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 a transparency notification on February 11, 2026, from Bank of America Corporation. The notification indicates that Bank of America Corporation, as controlling entity, crossed above the threshold of 5% of Galapagos' voting rights on February 9, 2026, including the threshold of 5% for equivalent financial instruments was exceeded, as a result of an acquisition of Galapagos' voting rights and equivalent financial instruments.
On February 11, 2026, the Bank of America Corporation (taking into account the holding of its affiliates) owned 104,522 voting rights and 3,415,894 equivalent financial instruments, representing together 5.34% of Galapagos' currently outstanding 65,897,071 shares.
Summary of the transaction:
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
February 9, 2026
February 11, 2026
0.16%
5.18%
5.34%
Content of the notifications from Bank of America Corporation: The notification dated February 11, 2026, contains the following information:
Date of notification: February 11, 2026
Date on which the threshold is crossed: February 9, 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
12,475
12,481
0.02%
Merrill Lynch International
105,026
77,455
0.12%
Managed Account Advisors LLC
3
3
0.00%
BofA Securities, Inc.
0
0
0.00%
Merrill Lynch, Pierce, Fenner & Smith Incorporated
14,462
14,462
0.02%
U.S. Trust Company of Delaware
121
121
0.00%
Subtotal
132,087
104,522
0.16%
TOTAL
104,522
0
0.16%
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
149,680
0.23%
physical
BofA Securities, Inc.
Right to Recall
29,400
0.04%
physical
BofA Securities, Inc.
Rights of Use
3,013,890
4.57%
physical
Merrill Lynch International
Rights of Use
1,275
0.00%
physical
Bank of America, National Association
Physical Call Option
19/06/2026
100,000
0.15%
physical
Bank of America, National Association
Swaps
15/06/2026
12,500
0.02%
cash
Bank of America, National Association
Swaps
15/01/2027
4,216
0.01%
cash
Bank of America, National Association
Swaps
15/10/2027
15
0.00%
cash
Bank of America, National Association
Swaps
31/01/2028
651
0.00%
cash
Bank of America, National Association
Swaps
09/03/2026
29,070
0.04%
cash
Merrill Lynch International
Swaps
15/06/2026
12,500
0.02%
cash
Merrill Lynch International
Swaps
15/01/2027
15,405
0.02%
cash
Merrill Lynch International
Swaps
15/10/2027
15
0.00%
cash
Merrill Lynch International
Swaps
30/04/2026
11,000
0.02%
cash
Merrill Lynch International
Swaps
02/07/2026
1,250
0.00%
cash
Merrill Lynch International
Swaps
01/11/2027
5,230
0.01%
cash
Merrill Lynch International
Swaps
29/01/2027
415
0.00%
cash
Merrill Lynch International
Swaps
27/02/2026
312
0.00%
cash
Merrill Lynch International
Swaps
09/03/2026
29,070
0.04%
cash
TOTAL
3,415,894
5.18%
TOTAL (A&B)
# of voting rights
% of voting rights
3,520,416
5.34%
The chain of control has been described at the end of the notification (section 11) and can be found here.
For further information, contact Galapagos: Investor Relations Glenn Schulman
1 Belgian 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.
