Victoria's Secret (NYSE: VSCO) holder sells 276K shares in open market

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

BBRC INTERNATIONAL PTE LTD, a ten percent owner of Victoria's Secret & Co., reported an open-market sale of common stock. The entity sold 276,171 shares on June 26, 2026 at a price of $88.50 per share through indirect holdings.

After this transaction, BBRC INTERNATIONAL PTE LTD reported indirect ownership of 8,899,030 Victoria's Secret shares. The filing notes these shares are held as trustee for the BB Family International Trust and through BBFIT Investments Pte Ltd, with beneficial ownership limited to BBRC’s direct pecuniary interest.

Insider Trade Summary

Net Seller: 276,171 shares ($24,441,134)

Net Sell 1 txn

Insider BBRC INTERNATIONAL PTE LTD

Role null

Sold 276,171 shs ($24.44M)

Type	Security	Shares	Price	Value
Sale	Common Stock	276,171	$88.50	$24.44M

Holdings After Transaction: Common Stock — 8,899,030 shares (Indirect, See Footnote 1)

Footnotes (1)

[object Object]

Key Figures

Shares sold: 276,171 shares Sale price: $88.50 per share Shares held after transaction: 8,899,030 shares +1 more

4 metrics

Shares sold 276,171 shares Open-market sale of Victoria's Secret common stock on June 26, 2026

Sale price $88.50 per share Price for 276,171 Victoria's Secret shares sold

Shares held after transaction 8,899,030 shares Indirect holdings reported by BBRC INTERNATIONAL PTE LTD after sale

Net shares sold 276,171 shares Net change in position from this Form 4 transaction

Key Terms

open-market sale, ten percent owner, indirect ownership, beneficially own, +1 more

5 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

ten percent owner regulatory

""is_ten_percent_owner": 1"

indirect ownership financial

""ownership_type": "indirect""

beneficially own regulatory

"may be deemed to beneficially own the shares owned by BBFIT"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

pecuniary interest financial

"to the extent of the reporting person's pecuniary interest therein"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 06:06 PM Accepted by SEC EDGAR 06/30/2026 - 06:06 PM

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^*

BBRC INTERNATIONAL PTE LTD

(Last)

(First)

(Middle)

3 PHILLIP STREET #09-05

ROYAL GROUP BUILDING

(Street)

SINGAPORE

048693

(City)

(State)

(Zip)

SINGAPORE

(Country)

2. Issuer Name and Ticker or Trading Symbol
Victoria's Secret & Co. [ VSCO ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/26/2026		S		276,171	D	$88.5	8,899,030	I⁽¹⁾	See Footnote 1

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Consists of shares owned by the reporting person, as trustee for the BB Family International Trust (the "BB Family Trust"), and by BBFIT Investments Pte Ltd ("BBFIT"). BB Family Trust is the sole shareholder of BBFIT. The reporting person, as the trustee of BB Family Trust, may be deemed to beneficially own the shares owned by BBFIT and BB Family Trust. The reporting person expressly disclaims beneficial ownership of any securities of the Issuer except for those securities that are owned directly by the reporting person or to the extent of the reporting person's pecuniary interest therein.

	/s/ Brett Blundy, Managing Director	06/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did BBRC INTERNATIONAL PTE LTD report for Victoria's Secret (VSCO)?

BBRC INTERNATIONAL PTE LTD reported an open-market sale of Victoria's Secret common stock. It sold 276,171 shares on June 26, 2026 at $88.50 per share, reducing its position but still retaining a large indirect holding reported in the filing.

How many Victoria's Secret (VSCO) shares does BBRC INTERNATIONAL PTE LTD hold after the sale?

After the reported sale, BBRC INTERNATIONAL PTE LTD reported indirect ownership of 8,899,030 Victoria's Secret common shares. These shares are held as trustee for the BB Family International Trust and through BBFIT Investments Pte Ltd, reflecting its remaining reported economic interest.

At what price did BBRC INTERNATIONAL PTE LTD sell Victoria's Secret (VSCO) shares?

The reported transaction shows that BBRC INTERNATIONAL PTE LTD sold Victoria's Secret common stock at $88.50 per share. This price applied to 276,171 shares sold in an open-market transaction on June 26, 2026, according to the Form 4 disclosure.

Is BBRC INTERNATIONAL PTE LTD a ten percent owner of Victoria's Secret (VSCO)?

Yes. The Form 4 identifies BBRC INTERNATIONAL PTE LTD as a ten percent owner of Victoria's Secret & Co. It reports indirect holdings through the BB Family International Trust and BBFIT Investments Pte Ltd, while expressly limiting beneficial ownership to its direct pecuniary interest.

How is BBRC INTERNATIONAL PTE LTD’s ownership in Victoria's Secret (VSCO) structured?

The filing states BBRC INTERNATIONAL PTE LTD holds shares as trustee for the BB Family International Trust and through BBFIT Investments Pte Ltd. BB Family International Trust is the sole shareholder of BBFIT, and BBRC may be deemed to beneficially own those shares to its pecuniary interest extent.

What type of transaction did BBRC INTERNATIONAL PTE LTD execute in Victoria's Secret (VSCO) stock?

The Form 4 describes the transaction as an open-market sale of common stock. BBRC INTERNATIONAL PTE LTD, as an indirect owner, sold 276,171 Victoria's Secret shares at $88.50 per share on June 26, 2026, and updated its remaining reported holdings accordingly.