Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 7

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 7
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 New York Stock Exchange
(“NYSE”) under the symbol “BBVA”. Each BBVA ADS represents the right to receive one BBVA share. Banco Sabadell shares are listed on the Spanish Stock Exchanges under the symbol “SAB”. On September 1, 2025,
the closing price of the BBVA shares listed on the Spanish Stock Exchanges was €15.60 (equivalent to U.S.$18.28 based on the exchange rate as published by the European Central Bank (“ECB”) on such date). On September 1, 2025,
the closing price of the Banco Sabadell shares listed on the Spanish Stock Exchanges was €3.25 (equivalent to U.S.$3.81 based on the exchange rate as published by the ECB on such date).

On July 5, 2024, BBVA’s extraordinary general shareholders’ meeting approved to authorize the increase of BBVA’s share
capital in an amount of up to €551,906,524.05 through the issuance of up to 1,126,339,845 newly-issued BBVA shares to be offered to the holders of Banco Sabadell shares pursuant to the exchange offer, with shareholders representing 70.75% of
the outstanding BBVA shares present at such meeting and 96.01% of such shareholders voting in favor.

See “Risk Factors” in this offer to exchange/prospectus beginning on page 42 for a discussion of various risk factors that you should consider before deciding whether or not to tender your Banco Sabadell shares into the exchange offer.

Neither the U.S. Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of the securities to be issued in the transactions described in this offer to exchange/prospectus or passed upon the adequacy or accuracy of this offer to exchange/prospectus. Any representation to the contrary is a criminal offense.

The date of this offer to exchange/prospectus is , 2025

TABLE OF CONTENTS

|                                                                          |     | Page |     |
| REGULATORY STATEMENT                                                     |     |      |   1 |
| QUESTIONS AND ANSWERS ABOUT THE PROPOSED EXCHANGE OFFER                  |     |      |   3 |
| WHERE YOU CAN FIND MORE INFORMATION                                      |     |      |  18 |
| INCORPORATION OF CERTAIN INFORMATION BY REFERENCE                        |     |      |  19 |
| NOTE ON BANCO SABADE