Related party transactions

On 6 May 2022, certain members of the Executive Committee were offered new subscription rights under Subscription Right Plan 2022 BE. The final number of accepted subscription rights under Subscription Right Plan 2022 BE was enacted by notary deed on 7 July 2022 and on 2 September 2022. The subscription rights have an exercise term of eight years as of the date of the offer. The exercise price of the subscription rights is €57.46 (i.e. the closing price of the Galapagos share on Euronext Amsterdam and Brussels on the day preceding the date of the offer). Each subscription right gives the right to subscribe for one new Galapagos share. For all the beneficiaries under Subscription Right Plan 2022 BE, the subscription rights vest only and fully on the first day of the fourth calendar year following the calendar year in which the grant was made. The subscription rights are not transferable and can in principle not be exercised prior to 1 January 2026. 

The table below sets forth the number of subscription rights accepted by each member of the Executive Committee under Subscription Right Plan 2022 (B) and Subscription Right Plan 2022 BE, respectively, during the first nine months of 2022:

During the first nine months of 2022, other than as disclosed in the paragraph above or in our half-year 2022 financial report, there were no changes to related party transactions disclosed in the 2021 annual report that potentially had a material impact on the financials of Galapagos of the first nine months of 2022.