BBRC INTERNATIONAL PTE LTD 4

What Happened
BBRC International Pte Ltd, reported as a 10% owner of Victoria's Secret & Co. (VSCO), sold 276,171 shares on June 26, 2026. The shares were disposed at $88.50 each for total proceeds of $24,441,134. The filing reports the transaction as an open-market or private sale (transaction code "S"), i.e., a sale rather than a purchase.

Key Details

• Transaction date and price: 2026-06-26 at $88.50 per share.
• Shares sold: 276,171; Proceeds: $24,441,134.
• Filing date: 2026-06-30 — the Form 4 was filed within the required two business days.
• Shares owned after transaction: not disclosed on this filing.
• Footnote: The reporting person is the trustee for the BB Family International Trust and BBFIT Investments Pte Ltd; BB Family Trust is sole shareholder of BBFIT. The trustee may be deemed to beneficially own shares held by those entities but disclaims direct beneficial ownership except to the extent of pecuniary interest (Footnote F1).
• No 10b5‑1 plan, tax-withholding, or option exercise is indicated.

Context
This filing reflects a sale by a large (10%+) holder — institutional/ownership-structure activity rather than insider executive trading. Sales by large holders can be routine (portfolio rebalancing, liquidity needs) and do not necessarily signal management-level sentiment.