[Form 3] Bunge Global SA Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Form 3 (Initial Statement of Beneficial Ownership) filed on 07/07/2025 shows that Glencore plc, together with subsidiaries Glencore International AG and Danelo Limited, is now classified as a 10% beneficial owner of Bunge Global SA (BG). The filing discloses indirect ownership of 32,806,103 registered shares, all held directly by Danelo Limited. No derivative securities are reported. Each entity disclaims beneficial ownership beyond its pecuniary interest. The disclosure triggers Section 16 insider-reporting obligations and signals that Glencore’s aggregate position has surpassed the 10 % threshold.

Positive

• Glencore’s disclosure of 32,806,103 BG shares establishes the group as a 10 % beneficial owner, revealing a sizeable strategic stake that may increase investor confidence in Bunge’s shareholder base.

Negative

• None.

Insights

Securities Analyst

TL;DR: Glencore’s Form 3 reveals a 32.8 m-share, 10 % stake in BG—material for ownership structure, neutral for near-term valuation.

The filing is impactful because Section 16 reports are only required once a shareholder exceeds 10 % beneficial ownership. Glencore’s indirect holding via Danelo Limited establishes it as a significant strategic shareholder, potentially influencing future governance matters such as proxy votes or corporate actions. However, the document contains no purchase price, transaction timing beyond 07/02/2025, or strategic commentary, so investors cannot infer deal economics or intent. Absence of derivatives suggests a straightforward equity position. While the presence of a large commodities player on the register can be viewed as a vote of confidence, the filing itself neither adds earnings visibility nor changes BG’s fundamentals. Overall, the news is structurally important but financially neutral.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

Glencore plc

(Last) (First) (Middle)

BAARERMATTSTRASSE 3

(Street)

BAAR V8 CH-6340

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/02/2025

3. Issuer Name and Ticker or Trading Symbol
Bunge Global SA [ BG ]

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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Registered Shares	32,806,103	I	See Footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Glencore plc

(Last) (First) (Middle)

BAARERMATTSTRASSE 3

(Street)

BAAR V8 CH-6340

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

GLENCORE INTERNATIONAL AG

(Last) (First) (Middle)

BAARERMATTSTRASSE 3

(Street)

BAAR V8 CH-6340

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Danelo Ltd

(Last) (First) (Middle)

BAARERMATTSTRASSE 3

(Street)

BAAR V8 CH-6340

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The 32,806,103 Registered Shares of the Issuer reported herein are held directly by Danelo Limited. Glencore plc is the parent company of Glencore International AG. Danelo Limited is a direct wholly-owned subsidiary of Glencore International AG. Because of the relationships among Danelo Limited, Glencore International AG and Glencore plc, each of the entities may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each of Danelo Limited, Glencore International AG and Glencore plc disclaims beneficial ownership of the securities reported herein, except to the extent of their respective pecuniary interest therein, if any.

Remarks:

Exhibit 24 (Powers of Attorney) and Exhibit 99.1 (Joint Filer Information and Signatures) are hereby incorporated herein by reference.

	See Exhibit 99.1	07/07/2025
	** 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 5 (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

How many Bunge Global SA (BG) shares does Glencore report owning?

32,806,103 registered shares are reported as indirectly held through Danelo Limited.

Why did Glencore file a Form 3 with the SEC?

Glencore’s aggregate holding in BG exceeded the 10 % beneficial ownership threshold, triggering the initial Section 16 reporting requirement.

Is the ownership direct or indirect?

The shares are held indirectly by Danelo Limited, a wholly-owned subsidiary of Glencore International AG, itself controlled by Glencore plc.

What date did the ownership event occur?

The event date reported on the form is 07/02/2025.

Are any derivative securities disclosed in this Form 3?

No; no derivative securities were reported.

What relationship does Glencore have to BG according to the filing?

Glencore and its subsidiaries are listed as 10 % owners; they are not identified as officers of BG.