Galapagos reported that Bank of America crossed the 5% voting-rights threshold twice in November, triggering transparency notifications under Belgian disclosure rules. Bank of America’s holdings rose above 5% on 12 November 2025 after acquiring additional voting rights and financial instruments but fell back to 3.43% on 14 November following disposals. The bank’s position decreased from a total of 5.26% in the earlier notification to 3.43%, consisting of 0.16% in direct voting rights and 3.28% through equivalent financial instruments. The notifications reflect changes involving various Bank of America affiliates, including Merrill Lynch International and BofA Securities.