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

Reporting relationship: Member of 10% owner group
Issuer ticker: DBVT
Reported as of: 17 Dec 2025
Net transaction value: -$15,484,143
SEC form: 4
Accepted by SEC: 19 Dec 2025, 16:04:06 UTC
Prior SEC filing: 20 May 2025
Source filing: View source filing
Reporting owner signature: /s/ Sophie Paquin, Director of Legal Affairs EPIC Bpifrance

Key filing fact

Bpifrance Epic filed Form 4 for DBV Technologies S.A. (DBVT) on 19 Dec 2025.

Key facts

This page summarizes Bpifrance Epic's Form 4 filing for DBV Technologies S.A. (DBVT).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 19 Dec 2025, 16:04.

Change

Previous filing in this sequence was filed on 20 May 2025.
Current net transaction value: -$15,484,143.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (5)

CIK 0001731121 Primary reporting owner

EPIC Bpifrance

Relationship: Member of 10% owner group
Address: 6-8, BOULEVARD HAUSSMANN, PARIS, FRANCE
Signature: /s/ Sophie Paquin, Director of Legal Affairs EPIC Bpifrance
Signature date: 19 Dec 2025

CIK 0001581835

Bpifrance Participations SA

Relationship: Member of 10% owner group
Address: 6-8, BOULEVARD HAUSSMANN, PARIS, FRANCE
Signature: /s/ Sophie Paquin, Director of Legal Affairs Bpifrance Participations
Signature date: 19 Dec 2025

CIK 0001731118

Bpifrance SA

Relationship: Member of 10% owner group
Address: 6-8, BOULEVARD HAUSSMANN, PARIS, FRANCE
Signature: /s/ Sophie Paquin, Director of Legal Affairs, Bpifrance Investissement S.A.S.
Signature date: 19 Dec 2025

CIK 0002065260

Bpifrance Investissement S.A.S.

Relationship: Member of 10% owner group
Address: 6-8, BOULEVARD HAUSSMANN, PARIS, FRANCE
Signature: /s/ Laurence Giraudon, Chief Operating Officer Finance and Operations Department, Asset Management Division, Caisse des Depots
Signature date: 19 Dec 2025

CIK 0001056947

CAISSE DES DEPOTS ET CONSIGNATIONS

Relationship: Member of 10% owner group
Address: C/O 56, RUE DE LILLE, PARIS, FRANCE
Signature: /s/ Boubakar Dione, Group Director of Legal Affairs, Bpifrance S.A.
Signature date: 19 Dec 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DBVT transaction

Ordinary Shares

Sale

Transaction value: $9,859,032
Shares: -2,036,990
Change %: -19%
Price: $4.84
Shares after: 8,635,472
Date: 17 Dec 2025
Ownership: By Bpifrance Participations S.A.
Footnotes: F1, F2

DBVT transaction

Ordinary Shares

Sale

Transaction value: $211,200
Shares: -40,000
Change %: -0.46%
Price: $5.28
Shares after: 8,595,472
Date: 17 Dec 2025
Ownership: By Bpifrance Participations S.A.
Footnotes: F2, F3

DBVT transaction

Ordinary Shares

Sale

Transaction value: $5,413,912
Shares: -1,292,103
Change %: -15%
Price: $4.19
Shares after: 7,303,369
Date: 18 Dec 2025
Ownership: By Bpifrance Participations S.A.
Footnotes: F2, F4

DBVT holding

Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 226,133
Date: 17 Dec 2025
Ownership: By Innobio FPCI
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Bpifrance Epic is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.