13D Filings
Galapagos NV
GLPG
Amendment
Ownership

29.90%

Total Shares

20,981,010

Issuer CIK

1421876

CUSIP

36315X101

Event Date

Jan 6, 2025

Accepted

Jan 10, 2025, 03:46 PM

Reporting Persons (2)
Joint Filing

This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.

NameType% of ClassAggregateSole VotingShared Voting
Gilead Sciences, Inc.
CO
29.90%20,981,010020,981,010
Gilead Therapeutics A1 Unlimited Company
CO
29.90%20,981,010020,981,010
Disclosure Items (7)

Security Title

Ordinary Shares, no par value

Issuer Name

Galapagos NV

Issuer Address

Generaal De Wittelaan L11 A3, Mechelen, C9, 2800

Filing Persons

Item 2 of the Schedule 13D is hereby amended and replaced with the following: This Schedule 13D is being filed by the Reporting Persons. The address of the principal business office of Gilead is 333 Lakeside Drive, Foster City, California, 94404. The address of the principal business office of A1 is 70 Sir John Rogerson's Quay, Dublin 2, Ireland. The principal business of the Reporting Persons is to develop and commercialize innovative medicines in areas of unmet medical need and engage in any other activity or business which may be lawfully carried on by a corporation organized under such entity's jurisdiction of organization. The name, residence or business address, present principal occupation and citizenship of each director, executive officer and controlling person of Gilead and A1 is attached hereto as Exhibit 99.3.

Business Address

See (a).

Principal Occupation

See (a).

Convictions

During the last five years, neither the Reporting Persons, nor, to the knowledge of the Reporting Persons, any of the persons listed on Exhibit 99.3 hereto was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Citizenship

See (a).

No amendment to this Item is being made.

Item 4 is hereby amended and supplemented with the addition of the following: Separation Agreement On January 7, 2025, the Issuer and the Reporting Persons entered into the Separation Agreement, pursuant to which and subject to the terms and conditions set forth therein, the Issuer shall separate certain assets and liabilities into a new entity ("SpinCo") through a partial demerger in the sense of Article 12:8, 1deg of the Belgian Companies and Associations Code ("een met splitsinggelijkgesteldeverrichting / uneoperationassimilee a la scission"), following which the existing shareholders of the Issuer shall receive shares in SpinCo in the same proportion as their respective shareholdings in the Issuer (such transaction, the "Separation"). In the Separation, the Warrant held by the Reporting Persons shall be split into a subscription right for shares of the Issuer and for shares of SpinCo in accordance with the terms set forth in the Separation Agreement. In the Separation Agreement, A1 has agreed to, and Gilead has agreed to cause A1 to, exercise its rights as a shareholder of the Issuer to attend any shareholder meeting of the Issuer to which proposals in relation to the Separation shall be submitted, and to vote all of its shares of the Issuer at such meetings to approve the Separation and other related matters, in each case if such Separation is in accordance with the terms of the Separation Agreement. The foregoing summary is not complete and is qualified in its entirety by reference to the full text of the Separation Agreement, which is attached hereto as Exhibit 99.4 and incorporated herein by reference.

Percentage of Class

No amendment to this Item is being made.

Number of Shares

No amendment to this Item is being made.

Transactions

Except as set forth in Item 4 of this Schedule 13D/A or as previously disclosed in the Schedule 13D, neither the Reporting Persons nor, to the best knowledge of the Reporting Persons, any person named in Item 2 of this Schedule 13D/A has effected any transaction in Ordinary Shares during the past 60 days.

Shareholders

No person other than the Reporting Persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by the Reporting Persons identified in this Item 5.

Date of 5% Ownership

Not applicable.

Item 6 is hereby amended and supplemented with the addition of the following: The information set forth above in Item 4 above with respect to the Separation Agreement is incorporated herein by reference.

Item 7 is hereby amended and supplemented with the addition of the following: 99.3 Directors and Executive Officers of Reporting Persons. 99.4 Separation Agreement, dated January 7, 2025, by and between Galapagos NV, Gilead Therapeutics A1 Unlimited Company and Gilead Sciences, Inc.

Galapagos NV — Schedule 13D | 13D Filings