Bpifrance Epic - 17 Dec 2025 Form 4 Insider Report for DBV Technologies S.A. (DBVT)

Signature
/s/ Sophie Paquin, Director of Legal Affairs EPIC Bpifrance
Issuer symbol
DBVT
Transactions as of
17 Dec 2025
Net transactions value
-$15,484,143
Form type
4
Filing time
19 Dec 2025, 16:04:06 UTC
Previous filing
20 May 2025

Reporting Owners (5)

Name Relationship Address Signature Signature date CIK
EPIC Bpifrance Member of 10% owner group 6-8, BOULEVARD HAUSSMANN, PARIS, FRANCE /s/ Sophie Paquin, Director of Legal Affairs EPIC Bpifrance 19 Dec 2025 0001731121
Bpifrance Participations SA Member of 10% owner group 6-8, BOULEVARD HAUSSMANN, PARIS, FRANCE /s/ Sophie Paquin, Director of Legal Affairs Bpifrance Participations 19 Dec 2025 0001581835
Bpifrance SA Member of 10% owner group 6-8, BOULEVARD HAUSSMANN, PARIS, FRANCE /s/ Sophie Paquin, Director of Legal Affairs, Bpifrance Investissement S.A.S. 19 Dec 2025 0001731118
Bpifrance Investissement S.A.S. Member of 10% owner group 6-8, BOULEVARD HAUSSMANN, PARIS, FRANCE /s/ Laurence Giraudon, Chief Operating Officer Finance and Operations Department, Asset Management Division, Caisse des Depots 19 Dec 2025 0002065260
CAISSE DES DEPOTS ET CONSIGNATIONS Member of 10% owner group C/O 56, RUE DE LILLE, PARIS, FRANCE /s/ Boubakar Dione, Group Director of Legal Affairs, Bpifrance S.A. 19 Dec 2025 0001056947

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DBVT Ordinary Shares Sale $9,859,032 -2,036,990 -19% $4.84 8,635,472 17 Dec 2025 By Bpifrance Participations S.A. F1, F2
transaction DBVT Ordinary Shares Sale $211,200 -40,000 -0.46% $5.28 8,595,472 17 Dec 2025 By Bpifrance Participations S.A. F2, F3
transaction DBVT Ordinary Shares Sale $5,413,912 -1,292,103 -15% $4.19 7,303,369 18 Dec 2025 By Bpifrance Participations S.A. F2, F4
holding DBVT Ordinary Shares 226,133 17 Dec 2025 By Innobio FPCI F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Bpifrance Epic is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price in US Dollars and reflects the conversion of EURO to USD at an exchange rate of $1.1741 to EURO 1.00 as of December 17, 2025. The shares were sold in multiple transactions at prices ranging from $4.24 to $5.23 per share, inclusive. The reporting person unterakes to provide DBV Technologies S.A., any security holder of DBV Technologies S.A., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnotes 1 and 4 of this Form 4.
F2 Bpifrance Participations S.A. ("Bpifrance Participations") directly owns the reported shares. Bpifrance Participations is a subsidiary owned at 99.99% by Bpifrance S.A. ("Bpifrance"). Bpifrance is jointly owned by Caisse des Depots et Consignations ("CDC") at 49.2% and EPIC Bpifrance ("EPIC") at 49.2%. CDC and EPIC jointly control Bpifrance.
F3 The price reported in Column 4 reflects the conversion of EURO to USD at an exchange rate of $1.1741 to EURO 1.00 as of December 17, 2025.
F4 The price reported in Column 4 is a weighted average price in US Dollars and reflects the conversion of EURO to USD at an exchange rate of $1.1727 to EURO 1.00 as of December 18, 2025 . The shares were sold in multiple transactions at prices ranging from $3.79 to $4.32 per share, inclusive.
F5 Innobio FPCI ("Innobio") directly owns the reported shares. Innobio is a fund managed by Bpifrance Investissement S.A.S. ("Bpifrance Investissement"), a subsidiary owned at 100% by Bpifrance Participations.