Galapagos Receives Transparency Notification from Bank of America

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 crossedDate of notificationDirect voting rights after the transactionEquivalent financial instruments after the transactionTotal (%) voting rightsFebruary 9, 2026February 11, 20260.16%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, 2026Date on which the threshold is crossed: February 9, 2026Threshold of voting rights crossed (in %): 5%Notification by: Bank of America CorporationDenominator: 65,897,071Reason for the notification: Acquisition or disposal of financial instruments that are treated as voting securitiesNotified details: A) Voting RightsPrevious notificationAfter the transaction # of voting rights# of voting rights% of voting rightsHolder of voting rights Linked to securitiesNot linked to securitiesLinked to securitiesNot linked to securitiesBank of America Corporation00 0.00% Bank of America, National Association12,47512,481 0.02% Merrill Lynch International105,02677,455 0.12% Managed Account Advisors LLC33 0.00% BofA Securities, Inc.00 0.00% Merrill Lynch, Pierce, Fenner & Smith Incorporated14,46214,462 0.02% U.S. Trust Company of Delaware121121 0.00% Subtotal132,087104,522 0.16%  TOTAL104,52200.16%0.00%B) Equivalent financial instrumentsAfter the transactionHolder 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 rightsSettlementMerrill Lynch InternationalRight to Recall  149,6800.23%physicalBofA Securities, Inc.Right to Recall  29,4000.04%physicalBofA Securities, Inc.Rights of Use  3,013,8904.57%physicalMerrill Lynch InternationalRights of Use  1,2750.00%physicalBank of America, National AssociationPhysical Call Option19/06/2026 100,0000.15%physicalBank of America, National AssociationSwaps15/06/2026 12,5000.02%cashBank of America, National AssociationSwaps15/01/2027 4,2160.01%cashBank of America, National AssociationSwaps15/10/2027 150.00%cashBank of America, National AssociationSwaps31/01/2028 6510.00%cashBank of America, National AssociationSwaps09/03/2026 29,0700.04%cashMerrill Lynch InternationalSwaps15/06/2026 12,5000.02%cashMerrill Lynch InternationalSwaps15/01/2027 15,4050.02%cashMerrill Lynch InternationalSwaps15/10/2027 150.00%cashMerrill Lynch InternationalSwaps30/04/2026 11,0000.02%cashMerrill Lynch InternationalSwaps02/07/2026 1,2500.00%cashMerrill Lynch InternationalSwaps01/11/2027 5,2300.01%cashMerrill Lynch InternationalSwaps29/01/2027 4150.00%cashMerrill Lynch InternationalSwaps27/02/2026 3120.00%cashMerrill Lynch InternationalSwaps09/03/2026 29,0700.04%cash TOTAL  3,415,8945.18% TOTAL (A&B)# of voting rights% of voting rights 3,520,4165.34% 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 RelationsGlenn Schulman +1 412 522 [email protected] MediaMediaKatie Morris+1 952 288 [email protected] 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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Galapagos Receives Transparency Notification from Bank of America 2