Lorenz Werndle - 18 Mar 2026 Form 3 Insider Report for Blue Gold Ltd (BGL)

Role: Chief Financial Officer
Signature: /s/ Carla Parsons, Attorney-in-Fact
Issuer symbol: BGL
Transactions as of: 18 Mar 2026
Net transactions value: $0
Form type: 3
Filing time: 18 Mar 2026, 20:14:20 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Werndle Lorenz	Chief Financial Officer	C/O BLUE GOLD LIMITED, 94 SOLARIS AVENUE, CAMANA BAY, GRAND CAYMAN, CAYMAN ISLANDS	/s/ Carla Parsons, Attorney-in-Fact	18 Mar 2026	0002111991

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	BGL	Stock Option							18 Mar 2026	Class A ordinary shares	150,000		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reporting Person has beneficial ownership of 150,000 Class A ordinary shares underlying an option (the "BGHL Option") to acquire Class A ordinary shares currently held by Blue Gold Holdings Limited, a wholly owned subsidiary of the Issuer, which has reserved them for distribution to the Reporting Person upon exercise of the BGHL Option. The exercise price of the BGHL Option is $0.05745.

Remarks:

Exhibit 24 - Power of Attorney