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Galapagos Receives Transparency Notifications from Bank of America  

MWN-AI** Summary

Galapagos NV, a biotechnology firm listed on Euronext and NASDAQ (GLPG), has received significant transparency notifications from Bank of America Corporation under Belgian transparency laws. On March 5 and 6, 2026, the notifications detailed fluctuations in Bank of America's voting rights concerning Galapagos. Initially, on March 3, 2026, Bank of America fell below the 5% threshold of voting rights due to a disposal of financial instruments, dropping to a combined holding of 5.70%. However, on March 4, 2026, it rebounded to surpass the 5% threshold again, as reported on March 6, with Bank of America controlling a total of 5.80% of Galapagos' outstanding shares, equivalent to 335,202 voting rights and 3,489,591 additional financial instruments.

The notifications provided specifics about Bank of America's holdings before and after these transactions, breaking them down into ownership linked and not linked to securities. As of March 6, 2026, Bank of America and its affiliates held 335,202 direct voting rights, while the equivalent financial instruments amounted to 3,489,591, highlighting the dynamic nature of their investment in Galapagos.

Galapagos, focused on developing innovative medicines for serious diseases, emphasizes its strategic approach by leveraging its expertise in deal-making and therapeutic asset acquisition, particularly in oncology and immunology areas. For stakeholders, these notifications signal important changes in institutional ownership, which could influence market dynamics for Galapagos as a prominent player in the biotech sector. For further details, investors are encouraged to contact Galapagos' investor relations representatives.

MWN-AI** Analysis

Galapagos NV (Euronext & NASDAQ: GLPG) recently received a series of transparency notifications from Bank of America, indicating significant fluctuations in their voting rights holdings. On March 3, 2026, Bank of America fell below the 5% threshold, only to cross back above it on March 4, 2026. This back-and-forth movement may indicate a strategy to optimize their investment position, which investors should analyze carefully.

The immediate market implications revolve around Bank of America's renewed confidence in Galapagos, as their holdings moved back to 5.80%. This suggests that Bank of America sees potential for significant appreciation in Galapagos’ stock, particularly amidst a backdrop of uncertainty in biotech markets. Investors should note that such volatility in the holdings of a major entity like Bank of America can affect market sentiment, potentially influencing other investors’ decisions.

Galapagos, as a biotechnology firm focused on oncology and immunology, presents a high-risk, high-reward investment scenario. The company’s methodology, coupled with a portfolio of promising therapeutic candidates, warrants close scrutiny from potential investors. They should assess the company's clinical trial results and pipeline progression before making any commitments.

From a trading perspective, the current fluctuations highlight an opportunity for tactical investors. It might be advantageous to watch for short-term price movements that follow these notifications. Coupling this information with insights into broader market trends could help discern optimal entry or exit points.

In conclusion, while the news from Bank of America can generate short-term volatility, investors should focus on the underlying fundamentals of Galapagos and its innovation pipeline to make informed long-term investment decisions. A balanced approach, integrating both quantitative trading strategies and qualitative assessments of Galapagos’ strategic direction, is recommended.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: GlobeNewswire

Mechelen, Belgium; March 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 from Bank of America Corporation on March 5 and 6, 2026. The initial notification indicates that Bank of America Corporation, as controlling entity, fell below the 5% threshold for equivalent financial instruments relating to Galapagos’ voting rights on March 3, 2026, as a result of the disposal of such instruments. A subsequent notification received on March 6, 2026 indicates that Bank of America Corporation, as controlling entity, crossed above the 5% threshold for equivalent financial instruments relating to Galapagos’ voting rights again on March 4, 2026, following the acquisition of such instruments.

On March 6, 2026, Bank of America Corporation (taking into account the holding of its affiliates) owned 335,202 voting rights and 3,489,591 equivalent financial instruments, representing together 5.80% of Galapagos’ currently outstanding 65,897,071 shares.

Summary of the transactions:

Date on which the threshold was crossedDate of notificationDirect voting rights after the transactionEquivalent financial instruments after the transactionTotal (%)
voting rights
March 5, 2026March 3, 20261.00%4.70%5.70%
March 6, 2026March 4, 20260.51%5.30%5.80%

Content of the notifications from Bank of America Corporation:
The notification dated March 6, 2026, contains the following information:

  • Date of notification: March 6, 2026
  • Date on which the threshold is crossed: March 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 RightsPrevious notificationAfter the transaction
 # of voting rights# of voting rights% of voting rights
Holder of voting rights Linked to securitiesNot linked to securitiesLinked to securitiesNot linked to securities
Bank of America Corporation00 0.00% 
Bank of America, National Association12,44012,440 0.02% 
Merrill Lynch International101,655128,053 0.19% 
Managed Account Advisors LLC33 0.00% 
BofA Securities, Inc.530,639180,123 0.27% 
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
14,46214,462 0.02% 
U.S. Trust Company of Delaware121121 0.00% 
Subtotal659,330335,202 0.51% 
 TOTAL335,20200.51%0.00%


B) Equivalent financial instrumentsAfter the transaction
Holder of equivalent financial instrumentsType of financial instrumentExpiration dateExercise period or date# of voting rights that may be acquired if the instrument is exercised% of voting rightsSettlement
Merrill Lynch InternationalRight to Recall  132,6660.20%physical
BofA Securities, Inc.Right to Recall  23,2000.04%physical
BofA Securities, Inc.Rights of Use  3,174,1354.82%physical
Merrill Lynch InternationalPhysical Call Option19/06/2026 100,0000.15%physical
Bank of America, National AssociationSwaps31/01/2028 2630.00%cash
Bank of America, National AssociationSwaps15/04/2027 14,6790.02%cash
Bank of America, National AssociationSwaps29/02/2028 8460.00%cash
Merrill Lynch InternationalSwaps15/01/2027 8,0560.01%cash
Merrill Lynch InternationalSwaps30/04/2026 12,0500.02%cash
Merrill Lynch InternationalSwaps02/07/2026 9640.00%cash
Merrill Lynch InternationalSwaps01/11/2027 5,7260.01%cash
Merrill Lynch InternationalSwaps15/04/2027 14,6790.02%cash
Merrill Lynch InternationalSwaps30/06/2026 1010.00%cash
Merrill Lynch InternationalSwaps31/03/2027 2850.00%cash
Merrill Lynch InternationalSwaps09/09/2027 9450.00%cash
Merrill Lynch InternationalSwaps29/12/2027 9960.00%cash
 TOTAL  3,489,5915.30% 


TOTAL (A&B)# of voting rights% of voting rights
 3,824,7935.80%

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

Content of the notifications from Bank of America Corporation:
The notification dated March 5, 2026, contains the following information:

  • Date of notification: March 5, 2026
  • Date on which the threshold is crossed: March 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 RightsPrevious notificationAfter the transaction
 # of voting rights# of voting rights% of voting rights
Holder of voting rights Linked to securitiesNot linked to securitiesLinked to securitiesNot linked to securities
Bank of America Corporation00 0.00% 
Bank of America, National Association12,44012,440 0.02% 
Merrill Lynch International95,048101,665 0.15% 
Managed Account Advisors LLC33 0.00% 
BofA Securities, Inc.170,568530,639 0.81% 
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
14,46214,462 0.02% 
U.S. Trust Company of Delaware121121 0.00% 
Subtotal292,642659,330 1.00% 
 TOTAL659,33001.00%0.00%


B) Equivalent financial instrumentsAfter the transaction
Holder of equivalent financial instrumentsType of financial instrumentExpiration dateExercise period or date# of voting rights that may be acquired if the instrument is exercised% of voting rightsSettlement
Merrill Lynch InternationalRight to Recall  141,6840.22%physical
BofA Securities, Inc.Right to Recall  23,2000.04%physical
BofA Securities, Inc.Rights of Use  2,776,2594.21%physical
Merrill Lynch InternationalPhysical Call Option19/06/2026 100,0000.15%physical
Bank of America, National AssociationSwaps31/01/2028 6630.00%cash
Bank of America, National AssociationSwaps15/04/2027 14,6790.02%cash
Bank of America, National AssociationSwaps29/02/2028 7410.00%cash
Merrill Lynch InternationalSwaps15/01/2027 8,0560.01%cash
Merrill Lynch InternationalSwaps30/04/2026 12,7500.02%cash
Merrill Lynch InternationalSwaps02/07/2026 1,0280.00%cash
Merrill Lynch InternationalSwaps01/11/2027 5,7260.01%cash
Merrill Lynch InternationalSwaps15/04/2027 14,6790.02%cash
Merrill Lynch InternationalSwaps30/06/2026 340.00%cash
Merrill Lynch InternationalSwaps29/01/2027 1870.00%cash
 TOTAL  3,099,6864.70% 


TOTAL (A&B)# of voting rights% of voting rights
 3,759,0165.70%

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

About Galapagos
Galapagos 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, visit www.glpg.com or follow us on LinkedIn or X.

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


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.

Attachment


FAQ**

How does the recent change in Bank of America's ownership stake in Galapagos Genomics Ord GLPGF influence the company's control dynamics or decision-making processes moving forward?

The recent change in Bank of America's ownership stake in Galapagos Genomics (GLPGF) may alter the company's control dynamics and decision-making processes by potentially shifting the balance of influence among shareholders, impacting strategic direction and governance.

What implications might the fluctuation of voting rights held by Bank of America in Galapagos Genomics Ord GLPGF have on future shareholder meetings or corporate governance?

Fluctuations in Bank of America's voting rights in Galapagos Genomics could lead to shifts in corporate governance dynamics and influence decisions at future shareholder meetings, potentially affecting strategic direction and management accountability.

Given the increase in equivalent financial instruments held by Bank of America in Galapagos Genomics Ord GLPGF, what potential strategies could the company adopt to mitigate risks associated with fluctuating voting power?

Bank of America could consider diversifying its holdings, implementing hedging strategies, or negotiating voting agreements with other investors to stabilize its voting power and mitigate risks associated with fluctuations in the equivalent financial instruments of Galapagos Genomics Ord (GLPGF).

How are the recent transactions by Bank of America related to Galapagos Genomics Ord GLPGF expected to impact the stock's market performance in the coming months?

Recent transactions by Bank of America involving Galapagos Genomics (GLPGF) are likely to increase investor confidence and liquidity, potentially driving up the stock's market performance in the coming months as analysts re-evaluate its growth prospects.

**MWN-AI FAQ is based on asking OpenAI questions about Galapagos Genomics Ord (OTC: GLPGF).

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