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Galapagos Receives Transparency Notifications from Bank of America

Mechelen, Belgium; February 10, 2026, 22:01 CET; regulated information – Galapagos NV (Euronext & NASDAQ: GLPG) received transparency notifications from Bank of America.

Pursuant to Belgian transparency legislation1, Galapagos received transparency notifications on February 5, 6, and 9, 2026, from Bank of America Corporation. The initial notification indicates that Bank of America Corporation, as controlling entity, crossed above the threshold of 5% of Galapagos’ voting rights on February 2, 2026, followed by its controlled entity, BofA Securities, Inc., individually crossing the threshold of 5% on February 3, 2026, as a result of an acquisition of Galapagos’ voting rights and equivalent financial instruments. Subsequently, Galapagos received a notification indicating that BofA Securities, Inc. fell below the 5% threshold of Galapagos’ voting rights again on February 4, 2026 following the disposal of such instruments, and another notification indicating that the controlling entity, Bank of America Corporation, crossed below the 5% threshold linked to equivalent financial instruments on February 5, 2026 following the disposal of such equivalent financial instruments.

On February 5, 2026, the Bank of America Corporation (taking into account the holding of its affiliates) owned 132,087 voting rights and 3,323,941 equivalent financial instruments, representing together 5.04% of Galapagos’ currently outstanding 65,897,071 shares, versus 250,370 voting rights and 3,264,761 equivalent financial instruments, representing together 5.33%, in the initial notification of February 5 2026.

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
February 2, 2026 February 5, 2026 0.38% 4.95% 5.33%
February 3, 2026 February 6, 2026 0.41% 6.82% 7.23%
February 4, 2026 February 6, 2026 0.40% 5.28% 5.68%
February 5, 2026 February 9, 2026 0.20% 4.84% 5.04%

Content of the notifications from Bank of America Corporation:
The notification dated February 9, 2026, contains the following information:

  • Date of notification: February 9, 2026
  • Date on which the threshold is crossed: February 5, 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 12,475   0.02%  
Merrill Lynch International 237,869 105,026   0.16%  
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 269,930 132,087   0.20%  
  TOTAL 132,087 0 0.20% 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     151,400 0.23% physical
BofA Securities, Inc. Right to Recall     29,400 0.04% physical
BofA Securities, Inc. Rights of Use     2,844,618 4.32% physical
Merrill Lynch International Rights of Use     4,264 0.01% 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   289 0.00% 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   10,610 0.02% cash
Merrill Lynch International Swaps 02/07/2026   1,237 0.00% cash
Merrill Lynch International Swaps 01/11/2027   4,949 0.01% cash
Merrill Lynch International Swaps 29/01/2027   124 0.00% cash
Merrill Lynch International Swaps 27/02/2026   312 0.00% cash
  TOTAL     3,191,854 4.84%  


TOTAL (A&B) # of voting rights % of voting rights
  3,323,941 5.04%

The chain of control has been described at the end of the notification (section 11) and can be found here.

The notification dated February 6, 2026, contains the following information:

  • Date of notification: February 6, 2026
  • Date on which the threshold is crossed: February 4, 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 12,493 12,475   0.02%  
Merrill Lynch International 242,319 237,869   0.36%  
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 269,398 264,930   0.40%  
  TOTAL 264,930 0 0.40% 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     156,834 0.24% physical
BofA Securities, Inc. Right to Recall     29,400 0.04% physical
BofA Securities, Inc. Rights of Use     3,128,443 4.75% physical
Merrill Lynch International Rights of Use     3,421 0.01% 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   2,646 0.00% cash
Bank of America, National Association Swaps 15/10/2027   15 0.00% cash
Bank of America, National Association Swaps 31/01/2028   293 0.00% cash
Merrill Lynch International Swaps 15/06/2026   12,500 0.02% cash
Merrill Lynch International Swaps 15/01/2027   13,835 0.02% cash
Merrill Lynch International Swaps 15/10/2027   15 0.00% cash
Merrill Lynch International Swaps 30/04/2026   10,870 0.02% cash
Merrill Lynch International Swaps 02/07/2026   1,225 0.00% cash
Merrill Lynch International Swaps 01/11/2027   4,810 0.01% cash
Merrill Lynch International Swaps 29/01/2027   580 0.00% cash
Merrill Lynch International Swaps 29/12/2026   73 0.00% cash
Merrill Lynch International Swaps 27/02/2026   312 0.00% cash
Merrill Lynch International Swaps 09/09/2027   821 0.00% cash
  TOTAL     3,478,593 5.28%  


TOTAL (A&B) # of voting rights % of voting rights
  3,743,523 5.68%

The chain of control has been described at the end of the notification (section 11) and can be found here.

The notification dated February 6, 2026, contains the following information:

  • Date of notification: February 6, 2026
  • Date on which the threshold is crossed: February 3, 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 12,493 12,493   0.02%  
Merrill Lynch International 223,291 242,319   0.37%  
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 250,370 269,398   0.41%  
  TOTAL 269,398 0 0.41% 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     156,834 0.24% physical
BofA Securities, Inc. Right to Recall     29,400 0.04% physical
BofA Securities, Inc. Rights of Use     4,145,294 6.29% physical
Merrill Lynch International Rights of Use     3,859 0.01% 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   2,646 0.00% cash
Bank of America, National Association Swaps 15/10/2027   15 0.00% cash
Bank of America, National Association Swaps 31/01/2028   295 0.00% cash
Merrill Lynch International Swaps 15/06/2026   12,500 0.02% cash
Merrill Lynch International Swaps 15/01/2027   13,835 0.02% cash
Merrill Lynch International Swaps 15/10/2027   15 0.00% cash
Merrill Lynch International Swaps 30/04/2026   9,990 0.02% cash
Merrill Lynch International Swaps 02/07/2026   1,298 0.00% cash
Merrill Lynch International Swaps 01/11/2027   4,668 0.01% cash
Merrill Lynch International Swaps 29/01/2027   1,442 0.00% cash
Merrill Lynch International Swaps 30/06/2026   134 0.00% cash
Merrill Lynch International Swaps 29/12/2026   313 0.00% cash
Merrill Lynch International Swaps 27/02/2026   85 0.00% cash
  TOTAL     4,495,123 6.82%  


TOTAL (A&B) # of voting rights % of voting rights
  4,764,521 7.23%

The chain of control has been described at the end of the notification (section 11) and can be found here.

The notification dated February 5, 2026, contains the following information:

  • Date of notification: February 5, 2026
  • Date on which the threshold is crossed: February 2, 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 voting securities or voting rights and 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 0.00% 0.00%
Bank of America, National Association 12,476 12,493 0 0.02% 0.00%
Merrill Lynch International 66,430 223,291 0 0.34% 0.00%
Managed Account Advisors LLC 3 3 0 0.00% 0.00%
BofA Securities, Inc. 10,042 0 0 0.00% 0.00%
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
14,462 14,462 0 0.02% 0.00%
U.S. Trust Company of Delaware 121 121 0 0.00% 0.00%
Subtotal 103,534 250,370   0.38%  
  TOTAL 250,370 0 0.38% 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     156,835 0.24% physical
BofA Securities, Inc. Right to Recall     29,400 0.04% physical
BofA Securities, Inc. Rights of Use     2,919,164 4.43% physical
Merrill Lynch International Rights of Use     2,608 0.00% physical
Bank of America, National Association Physical Call Option 19/06/2026   100,000 0.15% physical
Merrill Lynch International Swaps 19/06/2026   12,500 0.02% cash
Merrill Lynch International Swaps 15/06/2026   13,054 0.02% cash
Merrill Lynch International Swaps 15/01/2027   15 0.00% cash
Merrill Lynch International Swaps 30/04/2026   10,080 0.02% cash
Merrill Lynch International Swaps 02/07/2026   1,259 0.00% cash
Merrill Lynch International Swaps 01/11/2027   4,520 0.01% cash
Merrill Lynch International Swaps 29/01/2027   589 0.00% cash
Merrill Lynch International Swaps 30/06/2026   39 0.00% cash
Merrill Lynch International Swaps 29/12/2026   21 0.00% cash
Bank of America, National Association Swaps 15/10/2027   15 0.00% cash
Bank of America, National Association Swaps 15/06/2026   12,500 0.02% cash
Bank of America, National Association Swaps 15/01/2027   1,865 0.00% cash
Bank of America, National Association Swaps 31/01/2028   297 0.02% cash
  TOTAL     3,264,761 4.95%  


TOTAL (A&B) # of voting rights % of voting rights
  3,515,131 5.33%

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

+1 412 522 6239
ir@glpg.com

Media
Media
Katie Morris
+1 952 288 6821
katiemorris@ententeinc.com

Visit us at www.glpg.com or follow us on LinkedIn or X.


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.

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