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Galapagos (NASDAQ: GLPG) creates 1.75M employee subscription rights

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(Neutral)
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Form Type
6-K

Rhea-AI Filing Summary

Galapagos NV reported that its Board of Directors created 1,750,000 subscription rights under a new employee incentive program called “Subscription Right Plan 2026.” Each subscription right entitles the holder to subscribe to one new Galapagos share, targeting current and future personnel of the company and its subsidiaries.

The company states that its total share capital is €356,444,938.61, with 65,897,071 securities conferring voting rights, equal to the total number of shares. In addition to the new plan, there are 13,338,810 subscription rights outstanding under other employee plans, and one subscription right issued to Gilead Therapeutics that can increase its shareholding to 29.9% of issued and outstanding shares after exercise. Galapagos notes it has no convertible bonds or non-voting shares outstanding.

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

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

Commission File Number: 001-37384

GALAPAGOS NV
(Translation of registrant's name into English)

Generaal De Wittelaan L11 A3 2800 Mechelen, Belgium
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]      Form 40-F [   ]

The information contained in this Report on Form 6-K, including Exhibit 99.1, is hereby incorporated by reference into the Company's Registration Statements on Form S-8 (File Nos. 333-204567, 333-208697, 333-211834, 333-215783, 333- 218160, 333-225263, 333-231765, 333-249416, 333-260500, 333-268756, 333-275886, 333-283361, and 333-292050).


On March 6, 2026, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Exhibit 99.1. Press release dated March 6, 2026


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

      GALAPAGOS NV    
  (Registrant)
   
  
Date: March 6, 2026     /s/ Annelies Denecker    
  Annelies Denecker
  Company Secretary
  

EXHIBIT 99.1

Galapagos Creates New Subscription Right Plan

Mechelen, Belgium; March 6, 2026, 22.01 CET; regulated information – Galapagos NV (Euronext & NASDAQ: GLPG) announced today that its Board of Directors created 1,750,000 subscription rights under a new subscription right plan.

On March 6, 2026, the Board of Directors of Galapagos approved the “Subscription Right Plan 2026”, intended for personnel of the Company and its subsidiaries, within the framework of the authorized capital. Under this subscription right plan, 1,750,000 subscription rights were created for compensation of current and potential future employees. Each subscription right gives the right to subscribe to one new Galapagos share. More information can be found in the Board report published on Galapagos’ website at Special reports - Galapagos (https://www.glpg.com/investors/corporate-governance/special-reports/).

Galapagos’ total share capital currently amounts to €356,444,938.61; the total number of securities conferring voting rights is 65,897,071, which is also the total number of voting rights and the total number of shares (the “denominator”). All securities conferring voting rights, all voting rights and all shares are of the same category.

In addition to the 1,750,000 subscription rights of Subscription Right Plan 2026, the total number of rights to subscribe to not yet issued securities conferring voting rights is (i) 13,338,810 subscription rights under other outstanding employee subscription right plans, which equals 13,338,810 voting rights that may result from the exercise of those subscription rights, and (ii) one subscription right issued to Gilead Therapeutics to subscribe for a maximum number of shares that is sufficient to bring the shareholding of Gilead and its affiliates to 29.9% of the actually issued and outstanding shares after the exercise of the subscription right. Galapagos does not have any convertible bonds or shares without voting rights outstanding.

About Galapagos
Galapagos is a biotechnology company built to bring meaningful medicines to patients with serious diseases in therapeutic areas of unmet need. The Company combines world-class deal making expertise with capital to identify, acquire, and advance promising opportunities that have the potential to drive value for patients and shareholders. Applying a modality-agnostic asset selection approach and operational flexibility, Galapagos prioritizes oncology and immunology & inflammation programs with clear clinical proof-of-concept in emerging areas. For more information, visit www.glpg.com or follow us on LinkedIn or X.

For further information, contact Galapagos:
Investor Relations
Glenn Schulman

+1 412 522 6239
ir@glpg.com

Media
Media
Katie Morris
+1 952 288 6821
katiemorris@ententeinc.com

Forward-looking statements
This release may contain forward-looking statements. Such forward-looking statements are not guarantees of future results. These forward-looking statements speak only as of the date of publication of this release. We expressly disclaim any obligation to update any forward-looking statements in this release, unless specifically required by law or regulation.

FAQ

What did Galapagos (GLPG) announce in its March 2026 Form 6-K?

Galapagos announced a new employee subscription right plan. The Board created 1,750,000 subscription rights under “Subscription Right Plan 2026,” each giving the right to subscribe to one new Galapagos share, aimed at compensating current and potential future employees of the company and its subsidiaries.

How many new subscription rights did Galapagos (GLPG) create under Subscription Right Plan 2026?

Galapagos created 1,750,000 new subscription rights. These rights were approved by the Board on March 6, 2026, and each subscription right entitles the holder to subscribe to one new Galapagos share as part of an employee-focused compensation program.

What is the current share capital and voting share count of Galapagos (GLPG)?

Galapagos reports share capital of €356,444,938.61 and 65,897,071 voting shares. The company states that all securities conferring voting rights, all voting rights, and all shares are of the same category, and 65,897,071 is the total number of voting rights and shares.

What other subscription rights are outstanding at Galapagos (GLPG) besides the 2026 plan?

Galapagos reports 13,338,810 subscription rights under other employee plans. These existing rights correspond to the same number of potential voting rights. Additionally, one subscription right was issued to Gilead Therapeutics, allowing a maximum shareholding of 29.9% after exercise.

What special subscription right does Gilead Therapeutics hold in Galapagos (GLPG)?

Gilead Therapeutics holds a single notable subscription right. This right permits Gilead and its affiliates to subscribe for a maximum number of shares sufficient to bring their shareholding to 29.9% of the actually issued and outstanding shares after exercising the right.

Does Galapagos (GLPG) have any convertible bonds or non-voting shares outstanding?

Galapagos states it has no convertible bonds or non-voting shares. The company confirms it does not have any convertible bonds or shares without voting rights outstanding, and all existing shares and securities conferring voting rights are of the same category.

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2.20B
49.19M
Biotechnology
Healthcare
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Belgium
Mechelen