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VEON Ltd. (VEON) director Augie Fabela reports direct and indirect ADS stakes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

VEON Ltd. director Augie K II Fabela filed an initial Form 3 disclosing his beneficial ownership of the company’s American Depositary Shares. The filing lists indirect holdings through trusts of 4,768 ADS and 76,000 ADS, an additional 14,093 ADS held by a family office, and 221,013 ADS held directly.

Positive

  • None.

Negative

  • None.
Insider Fabela Augie K II
Role null
Type Security Shares Price Value
holding American Depositary Shares -- -- --
holding American Depositary Shares -- -- --
holding American Depositary Shares -- -- --
holding American Depositary Shares -- -- --
Holdings After Transaction: American Depositary Shares — 221,013 shares (Direct, null); American Depositary Shares — 14,093 shares (Indirect, By Family Office)
Footnotes (1)
  1. These shares are held by a family office for which the reporting person and his spouse are the sole owners. These shares are held in trust for which the reporting person, as beneficiary and protector, shares voting and investment power through a controlled investment advisor. These shares are held in trust for which the reporting person, as beneficiary and protector, shares voting and investment power through a controlled investment advisor.
Indirect trust holding 1 4,768 ADS Held indirectly in trust by Augie K II Fabela
Indirect trust holding 2 76,000 ADS Held indirectly in trust by Augie K II Fabela
Family office holding 14,093 ADS Held indirectly by a family office owned by Fabela and spouse
Direct holding 221,013 ADS VEON American Depositary Shares held directly by Fabela
American Depositary Shares financial
"Security title disclosed as American Depositary Shares representing VEON equity"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
Form 3 regulatory
"Initial statement of beneficial ownership filed on Form 3 by the director"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
indirect ownership financial
"Some ADS positions are reported as indirect ownership through trusts and a family office"
family office financial
"Certain shares are held by a family office owned by the reporting person and spouse"
A family office is a private organization that manages the financial affairs, investments and often day-to-day wealth needs of one wealthy family or a small number of families, acting like a household’s dedicated finance team. It matters to investors because family offices can move large amounts of capital quietly and for the long term—choosing investments, buying firms or funding startups—which can influence market prices, deal availability and how businesses are run.
trust financial
"Shares are held in trust where the reporting person shares voting and investment power"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
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SEC Form 3
FORM 3UNITED 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
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Fabela Augie K II
(Last)(First)(Middle)
INDEX TOWER (EAST TOWER), UNIT 1703
DUBAI (DIFC)
(Street)
DUBAI00000
(City)(State)(Zip)
UNITED ARAB EMIRATES
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
05/29/2026		3. Issuer Name and Ticker or Trading Symbol
VEON Ltd. [ VEON ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
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)
American Depositary Shares221,013D
American Depositary Shares14,093IBy Family Office(1)
American Depositary Shares76,000IBy Trust(2)
American Depositary Shares4,768IBy Trust(3)
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 ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. These shares are held by a family office for which the reporting person and his spouse are the sole owners.
2. These shares are held in trust for which the reporting person, as beneficiary and protector, shares voting and investment power through a controlled investment advisor.
3. These shares are held in trust for which the reporting person, as beneficiary and protector, shares voting and investment power through a controlled investment advisor.
Remarks:
Exhibit List: Exhibit 24 - Power of Attorney.
/s/ Charles Alex Gish, as Attorney-in-Fact06/01/2026
** Signature of Reporting PersonDate
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.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What does the VEON (VEON) Form 3 filed by Augie K II Fabela show?

The Form 3 shows director Augie K II Fabela’s existing holdings of VEON American Depositary Shares, including direct and indirect positions through trusts and a family office, rather than new purchases or sales of stock.

How many VEON American Depositary Shares does Augie K II Fabela hold indirectly?

The filing reports 4,768 and 76,000 VEON American Depositary Shares held indirectly in trusts and 14,093 ADS held by a family office, reflecting beneficial ownership through related entities rather than solely in his personal name.

What is Augie K II Fabela’s direct ownership in VEON shares?

The Form 3 reports that Augie K II Fabela directly holds 221,013 VEON American Depositary Shares. This direct position is in addition to his indirect holdings through trusts and a family office disclosed in the same filing.

Why are trusts and a family office mentioned in the VEON Form 3 filing?

Trusts and a family office are mentioned because some VEON American Depositary Shares are held by these entities. The filing clarifies that Fabela shares voting and investment power or ownership through these structures, which count toward his beneficial ownership.

Does the VEON Form 3 indicate any recent insider buying or selling?

The Form 3 functions as an initial ownership report and lists existing holdings in VEON American Depositary Shares. It does not show any coded buy or sell transactions; it simply details positions held directly and through related entities.