Wallbox Schedule 13G/A reports beneficial ownership positions as of December 31, 2025. The filing states 16,761,694 Class A Ordinary Shares outstanding as of December 31, 2025 and notes a 1-for-20 reverse stock split effective July 2, 2025.
KARIEGA VENTURES, S.L. is shown as beneficial owner of 1,066,514 Class A Ordinary Shares (composed of 893,067 Class A shares and 173,447 Class A underlying Class B shares). Enric Asuncion Escorsa is shown as beneficial owner of 1,129,107 Class A Ordinary Shares (23,829 direct, 38,764 underlying vested/options within 60 days, plus 1,066,514 held by KARIEGA VENTURES, S.L., over which he has sole investment and dispositive power).
Positive
None.
Negative
None.
Insights
Reporting persons hold single‑digit stakes totaling about 6–7% of Class A shares as of December 31, 2025.
Wallbox disclosure lists 16,761,694 Class A Ordinary Shares outstanding as of December 31, 2025 and records a 1-for-20 reverse split effective July 2, 2025. KARIEGA VENTURES, S.L. beneficially holds 1,066,514 Class A shares including amounts underlying Class B shares; Enric Asuncion Escorsa beneficially holds 1,129,107 Class A shares.
Holding percentages in the cover pages are 6.3% for KARIEGA VENTURES, S.L. and 6.7% for Enric Asuncion Escorsa. The filing attributes sole investment and dispositive power over the KARIEGA position to Mr. Escorsa; timing and intention for any transactions are not stated in the provided excerpt.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)
WALLBOX NV
(Name of Issuer)
Class A Ordinary shares, nominal value $2.40 per share
(Title of Class of Securities)
N94209124
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
N94209124
1
Names of Reporting Persons
KARIEGA VENTURES, S.L.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SPAIN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,066,514.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,066,514.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,066,514.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.3 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP No.
N94209124
1
Names of Reporting Persons
Enric Asuncion Escorsa
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SPAIN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
62,593.00
6
Shared Voting Power
1,066,514.00
7
Sole Dispositive Power
62,593.00
8
Shared Dispositive Power
1,066,514.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,129,107.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.7 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
WALLBOX NV
(b)
Address of issuer's principal executive offices:
Carrer del Foc 68, Barcelona Spain 08038
Item 2.
(a)
Name of person filing:
Each of the following is hereinafter individually referred to as a
"Reporting Person" and collectively as the "Reporting Persons." This statement is filed on behalf of:
KARIEGA VENTURES, S.L.
Enric Asuncion Escorsa
(b)
Address or principal business office or, if none, residence:
The principal business address of the Reporting Persons is Av. Diagonal
419, 4 Planta, Barcelona, Spain 08008.
(c)
Citizenship:
KARIEGA VENTURES, S.L. is organized under the laws of Spain. Enric Asuncion Escorsa is a citizen of Spain.
(d)
Title of class of securities:
Class A Ordinary shares, nominal value $2.40 per share
(e)
CUSIP No.:
N94209124
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information contained on the cover pages to this Schedule 13G is incorporated by reference into this Item 4.
The ownership information presented below represents beneficial ownership of Class A Ordinary Shares of the Issuer as of December 31, 2025, based upon 16,761,694 Class A Ordinary Shares outstanding as of December 31, 2025, as provided by the Issuer. All share amounts presented herein reflect a 1-for-20 reverse stock split effected by the Issuer on July 2, 2025.
KARIEGA VENTURES, S.L. is the beneficial owner of (i) 893,067 Class A Ordinary Shares and (ii) 173,447 Class A Ordinary Shares underlying the Class B Ordinary Shares of the Issuer, each held of record by KARIEGA VENTURES, S.L.
Enric Asuncion Escorsa is the beneficial owner of (i) 23,829 Class A Ordinary Shares held directly, (ii) 38,764 Class A Ordinary Shares underlying stock options for Class B Ordinary shares held directly that are vested or will vest within 60 days of December 31, 2025 and (iii) 1,066,514 Class A Ordinary Shares beneficially held by KARIEGA VENTURES, S.L., of which Enric Asuncion Escorsa has sole investment and dispositive power over.
(b)
Percent of class:
See Item 11 of each of the cover pages hereto.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Item 5 of each of the cover pages hereto.
(ii) Shared power to vote or to direct the vote:
See Item 6 of each of the cover pages hereto.
(iii) Sole power to dispose or to direct the disposition of:
See Item 7 of each of the cover pages hereto.
(iv) Shared power to dispose or to direct the disposition of:
See Item 8 of each of the cover pages hereto.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does KARIEGA VENTURES hold in WALLBOX (WBX)?
KARIEGA VENTURES beneficially owns 1,066,514 Class A Ordinary Shares as of December 31, 2025. This total includes 893,067 Class A shares and 173,447 Class A shares underlying Class B Ordinary shares, per the filing.
How many Wallbox (WBX) shares does Enric Asuncion Escorsa beneficially own?
Enric Asuncion Escorsa beneficially owns 1,129,107 Class A Ordinary Shares as of December 31, 2025. That includes 23,829 direct shares, 38,764 underlying vested/options, and 1,066,514 shares held by KARIEGA VENTURES, S.L.
What is the total number of Wallbox Class A shares outstanding reported?
The filing states there were 16,761,694 Class A Ordinary Shares outstanding as of December 31, 2025. The disclosure also notes a 1-for-20 reverse stock split effected on July 2, 2025.
Do the reporting persons have voting or dispositive power over the KARIEGA shares?
The filing shows Enric Asuncion Escorsa has sole investment and dispositive power over the 1,066,514 Class A shares held by KARIEGA VENTURES, S.L., and lists shared voting/dispositive entries on the cover pages for KARIEGA.
Are any options or underlying shares included in the reported ownership?
Yes. The filing includes 173,447 Class A shares underlying Class B shares held by KARIEGA and 38,764 Class A shares underlying stock options held by Mr. Escorsa that are vested or will vest within 60 days of December 31, 2025.
