Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 259

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 259
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forceable and constitutes a material infringement of the Spanish Securities Market Law. In particular, a shareholders’ agreement will have no effect with respect to the regulation of the right to vote in general shareholders’ meetings and restrictions or conditions on the free transferability of shares and bonds convertible into shares until such time as the aforementioned disclosure, filing and publication are made. Upon request by the interested parties, the CNMV may waive the requirement to disclose, file and publish a shareholders’ agreement when making the shareholders’ agreement public could cause harm to the affected company. Payment of Taxes Holders of BBVA shares are responsible for any taxes or other governmental charges payable on their BBVA shares, including any taxes payable on transfer. The paying agent or the transfer agent, as the case may be, may, and upon instruction from BBVA, will:

| • |     | refuse to effect any registration of transfer of such BBVA shares or any 
 split-up or combination thereof until such payment is made; or           |

| • |     | withhold or deduct from any distributions on such BBVA shares or sell for the account of the holder thereof any                                                                                                                                           
 part or all of such BBVA shares (after attempting by reasonable means to notify such holder prior to such sale), and apply, after deduction for its reasonable expenses incurred in connection therewith, the net proceeds of any such sale in payment of 
 such tax or other governmental charge, the holder of such BBVA shares remaining liable for any deficiency.                                                                                                                                                |

Exercise of Spanish Bail-inPower and Other Resolution Tools BBVA shares (including those represented by BBVA ADSs) may be subject to the exercise of the Spanish Bail-inPower (as defined in the 2024 Form 20-F)by the Relevant Spanish Resolution Authority (as defined in the 2024 Form 20-F),which may include and result in any of the following, or some combination thereof, among others: (i) the cancellation of such securities; (ii) the transfer of such securities to creditors of BBVA; (iii) the conversion of other securities or obligations of BBVA into BBVA shares thereby diluting the shareholding of the holders of BBVA shares; and (iv) the variation of the terms of such securities or the rights of the holders thereunder, including to give effect to the exercise of the Spanish Bail-inPower by the Relevant Spanish Resolution Authority. See “Item 3. Key Information—Risk Factors—Regulatory, Tax, Compliance and Reporting Risks—The Group is subject to a comprehensive