Victoria's Secret (VSXY) 10% Owner BBRC International Sells 289,479 Shares

What Happened
BBRC International Pte Ltd, listed as a 10% owner of Victoria's Secret & Co. (VSXY), reported a sale of 289,479 shares on July 22, 2026. The shares were disposed at $88.89 each, for a total gross value of approximately $25,731,788. This was a sale (disposition), not a purchase.

Key Details

• Transaction date: 2026-07-22
• Transaction type: Sale (open market or private sale per filing)
• Price per share: $88.89
• Shares sold: 289,479
• Total value: $25,731,788 (gross)
• Shares owned following the transaction: Not disclosed in the Form 4 filing
• Filing date: 2026-07-24 — appears timely (filed two days after the transaction)
• Notable footnote: The shares are reported as owned by the reporting person in its capacity as trustee for BB Family International Trust and by BBFIT Investments Pte Ltd (BB Family Trust is sole shareholder of BBFIT). The trustee may be deemed to beneficially own those shares but disclaims beneficial ownership except for any direct or pecuniary interest.

Context
As a 10% owner, BBRC International is an institutional/large shareholder rather than an individual executive; such sales can reflect portfolio management or liquidity needs and are not direct statements about company operations. The filing shows a straightforward disposal and does not indicate an associated purchase, option exercise, gift, or tax-withholding event.