[Form 4] Ball Corporation Insider Trading Activity

Rhea-AI Filing Summary

Daniel William Fisher, Chairman & C.E.O. of Ball Corporation (ticker BALL), filed a Form 4 disclosing transactions on 08/28/2025. The filing shows a stock option exercise for 3,400 shares at an exercise price of $33.05, immediately followed by a sale of those 3,400 shares at $51.55. After these transactions, the filing reports 10,036 shares indirectly beneficially owned and 0 derivative securities held by the reporting person; certain shares are reported as held by the reporting person’s spouse and the reporting person disclaims beneficial ownership of those shares. The Form 4 is signed by an attorney-in-fact on behalf of Mr. Fisher on 08/29/2025.

Positive

• Transparent disclosure of option exercise and subsequent sale with exercise and sale prices provided
• Derivative exposure reduced to zero for the reporting person following the transactions (0 derivative securities reported)

Negative

• Insider sale of 3,400 shares by the reporting person (sold at $51.55)
• Beneficial ownership reported indirectly (shares held by reporting person’s spouse and disclaimed by the reporting person)

Insights

Securities Analyst

TL;DR: Routine option exercise and sale by CEO; reduces derivative exposure and results in immediate sale of acquired shares.

The filing documents a customary exercise of stock options followed by an immediate sale of the acquired shares, leaving the reporting person with no derivative holdings and reporting indirect ownership via spouse. This is a common liquidity event for executives with long-dated grants that have vested. The transactions are fully disclosed with exercise and sale prices, and the reporting person uses an attorney-in-fact to file. There is no information in the filing indicating a change in corporate strategy or extraordinary corporate event.

Corporate Governance Expert

TL;DR: Disclosure appears complete and conforms to Section 16 reporting norms; indirect ownership is noted.

The Form 4 clearly lists relationship (Director and Chairman & C.E.O.), dates, quantities, prices, and the nature of indirect ownership (held by spouse) along with the standard disclaimers. The transactions—exercise at $33.05 and sale at $51.55 for 3,400 shares—are described and the explanation notes the sale followed exercise. Filing by attorney-in-fact is indicated and dated. From a governance perspective, the form provides the necessary transparency for these insider transactions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fisher Daniel William

(Last) (First) (Middle)

9200 W. 108TH CIRCLE

(Street)

WESTMINSTER CO 80021

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BALL Corp [ BALL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman & C.E.O.

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/28/2025		M		3,400	A	$33.05	13,436	I	Held by Reporting Person's Spouse(1)
Common Stock	08/28/2025		S		3,400(2)	D	$51.55	10,036	I	Held by Reporting Person's Spouse(1)
Common Stock								152,848.3241	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$33.05	08/28/2025		M			3,400	01/27/2017	01/27/2026	Common Stock	3,400	$0	0	I	By Spouse(1)

Explanation of Responses:

1. The reporting person expressly disclaims beneficial ownership of these securities.

2. Shares sold upon exercise of stock options.

	/s/ Derek Redmond, attorney-in-fact for Mr. Fisher	08/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did BALL insider Daniel Fisher report on Form 4?

The Form 4 reports an exercise of 3,400 stock options at $33.05 and an immediate sale of 3,400 shares at $51.55 on 08/28/2025.

How many BALL shares does Daniel Fisher beneficially own after the reported transactions?

The filing reports 10,036 shares indirectly beneficially owned following the transactions; some shares are reported as held by his spouse.

Did the reporting person retain any derivative securities after this Form 4?

No; the Form 4 indicates 0 derivative securities beneficially owned by the reporting person after the transactions.

Who filed the Form 4 on behalf of Daniel Fisher and when?

The form was signed by Derek Redmond, attorney-in-fact for Mr. Fisher on 08/29/2025.

Does Daniel Fisher claim direct beneficial ownership of the shares reported?

The filing states the reporting person expressly disclaims beneficial ownership of the shares held by the spouse.