# EDGAR Filing Document

**Accession Number:** 0001613780
**File Stem:** 0001193125-26-257356
**Filing Date:** 2026-6
**Character Count:** 131583
**Document Hash:** ae4b35f8f04657058ac1441cbcb56b2f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-257356.hdr.sgml**: 20260622

**ACCESSION NUMBER**: 0001193125-26-257356

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 20

**FILED AS OF DATE**: 20260604

**DATE AS OF CHANGE**: 20260604

**EFFECTIVENESS DATE**: 20260604

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DBV Technologies S.A.
- **CENTRAL INDEX KEY:** 0001613780
- **STANDARD INDUSTRIAL CLASSIFICATION:** BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836]
- **ORGANIZATION NAME:** 03 Life Sciences
- **EIN:** 000000000
- **STATE OF INCORPORATION:** I0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-296484
- **FILM NUMBER:** 261064838

**BUSINESS ADDRESS:**
- **STREET 1:** 107 AVENUE DE LA REPUBLIQUE
- **CITY:** CHATILLON
- **STATE:** I0
- **ZIP:** 92320
- **BUSINESS PHONE:** 33(0)155427878

**MAIL ADDRESS:**
- **STREET 1:** 107 AVENUE DE LA REPUBLIQUE
- **CITY:** CHATILLON
- **STATE:** I0
- **ZIP:** 92320

**As filed with the Securities and Exchange Commission on June 4, 2026** 

**Registration No. 333-** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM S-8**

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

## DBV TECHNOLOGIES S.A.
**(Exact name of registrant as specified in its charter)** 

---

| | |
|:---|:---|
| **France** | **Not applicable** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(I.R.S. Employer**<br> **Identification Number)** |

---

**107 avenue de la République** 

**92320 Châtillon France** 

**+33 1 55 42 78 78** 

**(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)** 

**2026 Stock Option Plan** 

**2026 Free Share Plan** 

**2026 Performance Share Unit Plan** 

**(Full title of the plans)** 

**Michele Robertson** 

**DBV Technologies Inc.** 

**10 Independence Boulevard** 

**Suite 302** 

**Warren, New Jersey 07059** 

**+1 908-679-5200**

**(Name, address, including zip code, and telephone number, including area code, of agent for service)** 

***Copies to:***

---

| | |
|:---|:---|
| **Richard Segal**<br> **Darah Protas**<br> **Michael Mencher**<br> **Cooley LLP**<br> **55 Hudson Yards**<br> **New York, New York 10001**<br> **+1 212 479 6000** | **Arnaud Duhamel**<br> **Gide Loyrette Nouel A.A.R.P.I.**<br> **15 rue de Laborde**<br> **75008 Paris France**<br> **+33 1 40 75 00 00** |

---

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☒ |
| Emerging growth company | ☐ |  |  |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

------

**PART I** 

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS** 

The information specified in Part I of Form S-8 is omitted from this Registration Statement in accordance with the provisions of Rule 428 under the Securities Act and the introductory note to Part I of this Form S-8. The documents containing the information specified in Part I of Form S-8 will be delivered to the participants in the plans covered by this Registration Statement as specified by Rule 428(b)(1) under the Securities Act.

**PART II** 

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT** 

**ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE** 

The following documents filed by DBV Technologies S.A. (the "***Registrant***") with the U.S. Securities and Exchange Commission (the "***Commission***") are incorporated by reference into this Registration Statement:

(a) The contents of the Registrant's Registration Statements on Form S-8, previously filed with the Commission on [<u>October</u> <u>22, 2014</u>](http://www.sec.gov/Archives/edgar/data/1613780/000119312514378243/d807256ds8.htm) (File No. 333-199513), [<u>November</u> <u>20, 2023</u>](http://www.sec.gov/Archives/edgar/data/1613780/000119312523280650/d568870ds8.htm) (File No. 333-275662), [<u>July</u> <u>2, 2024</u>](http://www.sec.gov/Archives/edgar/data/1613780/000119312524174315/d801244ds8.htm) (File No. 333-280657) and [June 24, 2025](http://www.sec.gov/Archives/edgar/data/1613780/000119312525145724/d858624ds8.htm) (File No. 333-288279).

(b) The Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (File No. 001-36697), filed with the Commission on [March 26, 2026;](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/0001613780/000162828026021504/dbvt-20251231.htm)

(c) The Registrant's Part III information in its Annual Report on Form 10-K for the year ended December 31, 2025 (File No. 001-36697), included in the Form 10-K/A filed with the SEC on [April 30, 2026;](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/0001613780/000119312526197148/d120451d10ka.htm)

(d) The Registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 (File No. 001-36697), filed with the SEC on [April 30, 2026;](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/0001613780/000162828026028929/dbvt-20260331.htm)

(e) The Registrant's Current Reports on Form 8-K filed with the Commission on [January 20, 2026](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/0001613780/000119312526015592/d74681d8k.htm), [March 2, 2026](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/0001613780/000119312526084251/d110966d8k.htm), [May 5, 2026](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/0001613780/000119312526206315/d150727d8k.htm) and [June 3, 2026](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1613780/000119312526255414/d107628d8k.htm) (in each case, except for information contained therein which is furnished rather than filed); and

(f) The description of the Registrant's Ordinary Shares and American Depositary Shares contained in the Registrant's Registration Statement on Form 8-A filed with the Commission under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "***Exchange Act***") on [<u>October</u> <u>17, 2014</u>](http://www.sec.gov/Archives/edgar/data/1613780/000119312514375129/d798615d8a12b.htm) (File No. 001-36697), as updated by [Exhibit 4.5](http://www.sec.gov/Archives/edgar/data/1613780/000119312526197148/d120451dex45.htm) of the Form 10-K/A filed with the SEC on April 30, 2026, including any amendment or report filed for the purpose of updating such description.

All other reports and documents filed, but not furnished, by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act on or after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered under this Registration Statement have been sold or which deregisters all securities then remaining unsold shall be deemed to be incorporated by reference herein and to be a part of this Registration Statement from the date of the filing of such reports and documents. In no event, however, will any of the information, including exhibits, that the Registrant discloses under Item 2.02 and Item 7.01 of any report on Form 8-K that has been or may be, from time to time, furnished to the Commission, be incorporated by reference into or otherwise become a part of this Registration Statement.

Any statement contained in a document incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

------

**ITEM 4. DESCRIPTION OF SECURITIES** 

Not applicable.

**ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL** 

Not applicable.

**ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS** 

Under French law, provisions of by-laws that limit the liability of directors are prohibited. However, French law allows *sociétés anonymes* to contract for and maintain liability insurance against civil liabilities incurred by any of their directors and officers involved in a third-party action, provided that they acted in good faith and within their capacities as directors or officers of the company. Criminal liability cannot be indemnified under French law, whether directly by the company or through liability insurance.

The Registrant maintains liability insurance for its directors and officers, including insurance against liability under the Securities Act of 1933, as amended, and the Registrant has entered into agreements with its directors and executive officers to provide contractual indemnification. With certain exceptions and subject to limitations on indemnification under French law, these agreements to provide for indemnification for damages and expenses including, among other things, attorneys' fees, judgments, fines and settlement amounts incurred by any of these individuals in any action or proceeding arising out of his or her actions in that capacity. The Registrant believes that this insurance and these agreements are necessary to attract qualified directors and executive officers.

These agreements may discourage shareholders from bringing a lawsuit against the Registrant's directors and executive officers for breach of their fiduciary duty. These provisions also may have the effect of reducing the likelihood of derivative litigation against directors and executive officers, even though such an action, if successful, might otherwise benefit the Registrant and its shareholders. Furthermore, a shareholder's investment may be adversely affected to the extent the Registrant pays the costs of settlement and damage awards against directors and officers pursuant to these insurance agreements.

Certain of the Registrant's non-employee directors may, through their relationships with their employers or partnerships, be insured against certain liabilities in their capacity as members of the Registrant's board of directors.

**ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED** 

Not applicable.

**ITEM 8. EXHIBITS** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  |  | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** |
| **Exhibit**<br> **Number** | **Description** | **Schedule**<br> **Form** | **File Number** | **Exhibit** | **Filing Date** |
| 4.1 | [Amended and Restated Bylaws (*statuts*) of the Registrant (English translation)](http://www.sec.gov/Archives/edgar/data/1613780/000119312526255414/d107628dex31.htm) | 8-K | 001-36697 | 3.1 | June 3, 2026 |
| 4.2 | [Form of Deposit Agreement](http://www.sec.gov/Archives/edgar/data/1613780/000119312514372834/d760135dex41.htm) | F-1/A | 333-198870 | 4.1 | October 15, 2014 |
| 4.3 | [Form of Amendment No. 1 to Deposit Agreement](http://www.sec.gov/Archives/edgar/data/1472033/000119380524000685/e663621_ex99-ai.htm) | F-6 POS | 333-266202 | 99(a)(i) | May 17, 2024 |
| 4.4 | [Form of Amendment No. 2 to Deposit Agreement](http://www.sec.gov/Archives/edgar/data/1472033/000119380524001327/e663997_ex99-ai.htm) | F-6 POS | 333-266202 | 99(a)(i) | November 12, 2024 |
| 4.5 | [Form of American Depositary Receipt (included in Exhibit 4.4)](http://www.sec.gov/Archives/edgar/data/1472033/000119380524001327/e663997_ex99-ai.htm) | F-6 POS | 333-266202 | 99(a)(ii) | November 12, 2024 |

---

------

---

| | |
|:---|:---|
| 5.1+ | [Opinion of Gide Loyrette Nouel A.A.R.P.I., French counsel to the Registrant](d36002dex51.htm) |
| 23.1+ | [Consent of Deloitte & Associés](d36002dex231.htm) |
| 23.2+ | [Consent of KPMG S.A.](d36002dex232.htm) |
| 24.1+ | [Power of Attorney (included on the signature page of this Form S-8)](#sig) |
| 99.1+ | [2026 Stock Option Plan (English translation)](d36002dex991.htm) |
| 99.2+ | [2026 Free Share Plan (English translation)](d36002dex992.htm) |
| 99.3+ | [2026 Performance Share Unit Plan (English translation)](d36002dex993.htm) |
| 107+ | [Calculation of Filing Fee Table](d36002dexfilingfees.htm) |

---

+ Filed herewith.

**ITEM 9. UNDERTAKINGS** 

A. The undersigned Registrant hereby undertakes:

(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

(i) To include any prospectus required by section 10(a)(3) of the Securities Act;

(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement.

(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

*Provided, however,* that paragraphs (a)(i) and (a)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to section 13 or section 15(d) of the Exchange Act that are incorporated by reference in the registration statement.

(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

B. The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

------

C. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Châtillon, France on June 4, 2026.

---

| | |
|:---|:---|
| **DBV TECHNOLOGIES S.A.** | **DBV TECHNOLOGIES S.A.** |
| By: | /s/ Daniel Tassé |
|  | Daniel Tassé |
|  | Chief Executive Officer |

---

**POWER OF ATTORNEY** 

We, the undersigned directors, officers and/or authorized representative in the United States of DBV Technologies S.A., hereby severally constitute and appoint Daniel Tassé and Virginie Boucinha, and each of them singly, our true and lawful attorneys, with full power to any of them, and to each of them singly, to sign for us and in our names in the capacities indicated below the registration statement on Form S-8 filed herewith, and any and all pre-effective and post-effective amendments to said registration statement, under the Securities Act of 1933, as amended, in connection with the registration under the Securities Act of 1933, as amended, of equity securities of DBV Technologies S.A., and to file or cause to be filed the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as each of them might or could do in person, and hereby ratifying and confirming all that said attorneys, and each of them, or their substitute or substitutes, shall do or cause to be done by virtue of this Power of Attorney.

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 4, 2026.

---

| | |
|:---|:---|
| **Signature** | **Title** |
| /s/ Daniel Tassé<br> Daniel Tassé | Chief Executive Officer and Director<br> (*Principal Executive Officer*) |
| /s/ Virginie Boucinha<br> Virginie Boucinha | Chief Financial Officer<br> (*Principal Financial and Accounting Officer*) |
| /s/ Michel de Rosen<br> Michel de Rosen | Director |
| /s/ Mailys Ferrere<br> Mailys Ferrere | Director |
| /s/ Michael J. Goller<br> Michael J. Goller | Director |

---

------

---

| | |
|:---|:---|
| /s/ Danièle Guyot-Caparros<br> Danièle Guyot-Caparros | Director |
| /s/ Timothy E. Morris<br> Timothy E. Morris | Director |
| /s/ Adora Ndu<br> Adora Ndu | Director |
| /s/ Julie O'Neill<br> Julie O'Neill | Director |
| /s/ Ravi Madduri Rao<br> Ravi Madduri Rao | Director |
| /s/ Philina Lee<br> Philina Lee | Director |

---

**SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES** 

Pursuant to the requirements of the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of DBV Technologies S.A. has signed this Registration Statement on June 4, 2026.

---

| | |
|:---|:---|
| **DBV TECHNOLOGIES INC.** | **DBV TECHNOLOGIES INC.** |
| By: | /s/ Michele Robertson |
| Name: | Michele Robertson |
| Title: | Chief Legal Officer, Vice President |

---

## Exhibit 5.1

**Exhibit 5.1** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ![LOGO](g36002g72u41.jpg)

June 4, 2026

DBV Technologies

107, avenue de la République

92320 Châtillon

France

Re: <u>Registration Statement on Form S-8 of DBV Technologies</u>

Ladies and Gentlemen:

We are acting as special French counsel for DBV Technologies (the "<u>Company</u>"), a French *société anonyme*, in connection with the filing of the Registration Statement on Form S-8 (the "<u>Registration Statement</u>") relating to the registration of up to 32,185,842 ordinary shares of the Company, par value €0.10 per share (the "<u>Shares</u>") pursuant to the Company's 2026 Performance Share Unit Plan, 2026 Stock Option Plan and the 2026 Free Share Plan (collectively, the "<u>Plans</u>").

In connection with the opinion expressed herein, we have examined such documents, records and matters of law as we have deemed relevant or necessary for purposes of such opinion. We have assumed the genuineness and authenticity of all documents submitted to us as originals and the conformity to originals of all documents submitted to us as copies thereof. In rendering this opinion, as to certain factual matters, we have, with your consent, relied upon oral and written representations of officers of the Company with respect to the accuracy of the factual matters addressed in such representations.

In such examination, we have assumed that the entry into the Plans and the issuance of the Shares by the Company are (a) in the Company's corporate interest and (b) serving the Company's corporate purpose (*objet social*) as set forth in its *statuts* or other constitutional documents.

The opinion expressed herein is limited to the laws of France as currently in effect, and we express no opinion as to the effect of the laws of any other jurisdiction. We have assumed that (1) the Company will take no action inconsistent with the Plans and the resolutions authorizing the Company to issue the Shares, (2) the resolutions authorizing the Company to issue the Shares pursuant to the respective Plans as adopted by the extraordinary shareholders' meeting dated 3 June 2026 (the "<u>Shareholders' Meeting</u>"), the Board of Directors (the "<u>Board</u>") and, the Chief Executive Officer (*directeur géneral*) of the Company, if applicable, have not been or will not be amended or superseded, have been or will be duly passed at duly convened and held meetings and, with respect to the Board, of duly appointed members, (3) the resolutions authorizing the Company to issue the Shares pursuant to the respective Plans as adopted by the Shareholders' Meeting, the Board and the Chief Executive Officer (*directeur géneral*) of the Company, if applicable, and the applicable award agreements have been or will be in full force and effect on the date of such awards, (4) for any awards under the Plans, such awards will be approved by the Board and, if applicable, the Chief Executive Officer (*directeur géneral*) of the Company in accordance with applicable law, the resolutions of the Shareholders' Meeting and with the terms of the relevant Plan, (5) the amount of Shares awarded under the Plans have been and will remain within the limits of the then authorized but unissued amounts of Shares pursuant to the resolutions set forth in (2) above, (6) all Shares issued under the Plans will be issued in compliance with applicable law and with the relevant terms of the Plans and (7) the Plans submitted to us have not been or will not be amended or superseded.

---

| |
|:---|
| **GIDE LOYRETTE NOUEL A.A.R.P.I.** |
| 15 rue de Laborde - 75008 Paris \| tél. +33 (0)1 40 75 60 00 \| info@gide.com - gide.com \| Palais T03 |

---

------

Based on the foregoing, and subject to the further limitations, qualifications and assumptions set forth herein, we are of the opinion that the Shares that may be issued pursuant to the Plans have been duly authorized by the Shareholders' Meeting and, when issued in accordance with the respective Plans and against payment of due consideration therefor (to the extent applicable), will be validly issued, fully paid and non-assessable.

The term "non-assessable", which has no recognized meaning in French law, for the purposes of this opinion means that no present or future holder of Shares issued under the Plans will be subject to personal liability, by reason of being such a holder, for additional payments or calls for further funds by the Company or any other person after the issuance of the Shares issued under the Plans.

The opinion expressed herein is given at the date set out above. We express no opinions as to the effect that any future event, or any act of the Company, may have on the matter referred to in this opinion. We do not undertake or accept any obligation to update this opinion to reflect subsequent changes in French law or factual matters arising after the date of effectiveness of this Registration Statement.

The opinion set out above is subject to the following qualifications:

1. we have not investigated or verified the truth, accuracy or appropriateness of any representations of factual
nature made by the parties in the Registration Statement, or of any information, opinion or statement of facts relating to the Company, or the Shares contained in the aforementioned document, nor have we been responsible for ensuring that no
material information has been omitted from it;

2. this opinion is subject to any limitation arising from ad hoc mandate (*mandat ad hoc*), conciliation
(*conciliation*), accelerated safeguard (*sauvegarde accélérée*), safeguard (*sauvegarde*), judicial reorganisation (*redressement judiciaire*), judicial liquidation (*liquidation judiciaire*) (including
a provision that creditors' proofs of debts denominated in foreign currencies would be converted into euros at the rate applicable on the date of the court decision instituting the accelerated safeguard (*sauvegarde accélérée*), the safeguard (*sauvegarde)*, the judicial reorganisation (*redressement judiciaire*) and the judicial liquidation (*liquidation judiciaire*) proceedings), insolvency, moratorium and other laws of
general application affecting the rights of creditors; and

3. it should be noted that any such event affecting the Company does not necessarily give rise to immediate
formalities at the relevant Register of Commerce and Companies (*Registre du Commerce et des Sociétés*) and that, once such formalities have been carried out, they are not necessarily recorded immediately on the Kbis extract
(*extrait K-bis*) or the non-bankruptcy certificate (*certificat de recherche négative en matière de procédures collectives*), which are
accordingly not conclusive as to the occurrence of any such event. It should also be noted that the opening of ad hoc mandate (*mandat ad hoc*) or conciliation (*conciliation*) proceedings never appears on such document.

We are members of the Paris bar and this opinion is limited to the laws of the Republic of France. This opinion is subject to the sovereign power of the French courts to interpret agreements and assess the facts and circumstances of any adjudication. This opinion is given on the basis that it is to be governed by, and construed in accordance with, the laws of the Republic of France.

This opinion is addressed to you solely for your benefit in connection with the Registration Statement. It is not to be transmitted to anyone else nor is it to be relied upon by anyone else or for any other purpose or quoted or referred to in any public document (other than the Registration Statement) or filed with anyone without our prior written express consent.

2. ------

We hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement filed by the Company to effect registration of the Shares to be issued and sold pursuant to each Plan under the Securities Act of 1933, as amended (the "<u>Act</u>"). In giving such consent, we do not thereby admit that we are included in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the U.S. Securities and Exchange Commission promulgated thereunder.

Very truly yours,

/s/ Gide Loyrette Nouel A.A.R.P.I.

## Exhibit 23.1

**Exhibit 23.1** 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated March 26, 2026, relating to the consolidated financial statements of DBV Technologies S.A. and subsidiaries (the "Company"), appearing in the Annual Report on Form 10-K of the Company for the year ended December 31, 2025.

/s/ Deloitte & Associés

Paris-La Défense, France

June 4, 2026

## Exhibit 23.2

**Exhibit 23.2** 

**Consent of Independent Registered Public Accounting Firm** 

We consent to the use of our report dated March 26, 2026, with respect to the consolidated financial statements of DBV Technologies S.A. and subsidiaries, incorporated herein by reference.

KPMG S.A.

/s/ Renaud Maxime Cambet

Partner

Paris La Défense, France

June 4, 2026

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g36002dsp028.jpg)

**DBV TECHNOLOGIES** 

**PLAN RULES OF THE** 

**2026 STOCK OPTION PLAN (INTERNATIONAL VERSION)** 

**<u>Purpose and background of the Plan:</u>**

The Annual General Meeting of Shareholders of DBV Technologies ("**DBV Technologies**" or the "**Company**") held on June 3, 2026 (the "**2025 AGM**"), in its 36<sup>th</sup> resolution, authorized the board of directors of the Company (the "**Board of Directors**") to grant options to purchase and/or subscribe shares of DBV Technologies (such grants being referred to as "**Options**") to employees of the Company and its subsidiaries, in accordance with articles L. 225-177 et seq. as well as L. 22-10-56 et seq. of the French Commercial Code.

At is meeting on June 3, 2026, the Board of Directors decided:

• to approve this 2026 Stock Option Plan (the "**Plan** "), which will govern the Options grants that
will be awarded to employees; and

• to subdelegate to the Chief Executive Officer of DBV Technologies the authority to grant Options to new employees
of the Company, within the conditions of this Plan and the conditions set by the Board of Directors, until December 31, 2026.

Each Option entitles its holder to acquire/subscribe to one ordinary share of the Company (a "**Share**") at a preferred exercise price as this term is defined below ("**Exercise Price"**), subject to the satisfaction of a continued employment condition, as defined in Article 3 of this Plan, and to the other terms and conditions set forth in such Plan.

Through this Plan, employees can become shareholders of DBV Technologies, rewarding their contributions to its development.

This document sets forth the terms of the Plan for participants who are employed by a company of the DBV Technologies Group (as this term is defined below) located outside of France, on the Grant Date, as defined hereunder.

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**1.** **Participants and number of Options granted** 

Individuals receiving Options under this Plan ("**Participants**") are employees and corporate officers of the Company and those companies in which it holds directly or indirectly a majority of the share capital and/or voting rights (together the "**Group Companies**" or "**DBV Technologies Group**").

The list of Participants, the number of Options granted to each and the Exercise Price are determined by the Board of Directors or the Chief Executive Officer, acting upon delegation of the Board of Directors, on the Grant Date, as defined hereunder.

Each Option entitles its holder to acquire/subscribe to one Share of the Company at the Exercise Price, subject to conditions set forth in this Plan.

The Exercise Price is €3.62, which corresponds to the price of the Shares on Euronext Paris on the Grant Date (defined below), and is not less than the average of the Share prices quoted over the twenty (20) trading days preceding the Grant Date, in accordance with the calculation method set out in item 5) of the 36<sup>th</sup> resolution of the 2025 AGM.

Each Participant will be informed of the grant by an individual notification letter (the "**Notification Letter** "), which may be sent in electronic format together with the Plan rules. The aforesaid Plan rules are also available on the website of Banque Transatlantique, the service provider assisting the Company in the management of the Plan (the "**Service Provider** ").

The Participant has an express refusal right within a period of thirty (30) days from the date of the Notification Letter, after which acceptance of the Plan and the conditions of the Plan rules will be considered as firm.

The Participant may express his or her refusal by logging on to the Service provider's website, in the "Your account" menu, "Preferences/Instructions" tab.

**2.** **Vesting schedule and dates** 

The date on which the Board of Directors or the Chief Executive Officer, acting upon subdelegation by the Board of Directors, finalizes the grant of the Options to the Participants is hereinafter referred to as the "**Grant Date**" and is specified in the Participant's Notification Letter.

The Options will vest in installments over a four-year period starting from the Grant Date, according to the schedule set forth below and subject to the satisfaction of the continued employment condition and to the other terms and conditions set forth in this Plan. Such installments are not necessarily equal and may be subject to rounding.

For each Option, the period between the Grant Date and the date upon which it is definitely vested ("**Vesting Date**") set forth below is referred to as its "**Vesting Period**".

• 25 % of the Options shall be eligible to vest one (1) year following the Grant Date.

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• an additional 25 % of the Options shall be eligible to vest two (2) years following the Grant Date.

• an additional 25 % of the Options shall be eligible to vest three (3) years following the Grant Date.

• the last 25 % of the Options shall be eligible to vest four (4) years following the Grant Date.

In the event that the Participant's employment or corporate office is involuntary terminated other than for cause within twelve (12) months following the date of the consummation of a takeover leading to a change of control of the Company as defined in Article L. 233-3 of the French Commercial Code, the vesting and exercisability of all of the Participant's Options (including the Options that have not vested) shall be automatically accelerated in full. The Options shall then be exercisable during a 90 day-period starting from the date on which the Participant is notified of his or her termination.

"Cause" as a reason for a Participant's termination of employment shall have the meaning assigned such term in the employment, severance or similar agreement, if any, between such Participant and his or her employer, provided, however that if there is no such employment, severance or similar agreement in which such term is defined, then "Cause" shall mean any of the following acts by the Participant, as determined by the Company: gross neglect of duty, prolonged absence from duty without the consent of the Company or applicable Group Company, material breach by the Participant of any published Company or applicable Group Company code of conduct or code of ethics; intentionally engaging in activity that is in conflict with or adverse to the business or other interests of the Company or applicable Group Company; or willful misconduct, misfeasance or malfeasance of duty which is reasonably determined to be detrimental to the Company or applicable Group Company. The determination of the Company as to the existence of "Cause" shall be conclusive on the Participant.

**3.** **Manner of Exercise** 

Once vested, the Options can be exercised, on one or more occasions at the Participants' discretion, at any time between the first anniversary date of the Grant Date (included), and the tenth anniversary date of the Grant Date (included) at midnight Paris Time (the "**Exercise Period**"), subject to the terms and conditions of this Plan.

Thereafter, the Options will automatically lapse.

Each Participant may exercise their Options by (i) giving written notice to the Service Provider (Banque Transatlantique) specifying the number of Shares with respect to which the Options are being exercised (ii) providing full payment of the aggregate Exercise Price for the number of Shares specified in the notice.

Payment of the Exercise Price for the Shares may be made by certified or bank check or other instruments acceptable to the Service Provider.

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The Shares purchased/subscribed upon exercise of the Options shall be transferred to the Participant upon compliance to applicable laws or regulations in connection with such transfer and with the requirements hereof.

In accordance with applicable law, the Board of Directors may suspend for a given period, at its sole discretion, the exercise rights attached to the Options.

**4.** **Continued Employment Condition** 

The vesting and the exercise of each Participant's Options are subject to him or her remaining an employee or executive corporate officer of the Company or another Group Company until the scheduled Vesting Date and, thereafter, until the date of exercise. Such employment must be continuous and without interruption. Exceptions to this condition are set forth below.

If employment or corporate office is terminated or lapses at any time, then any Option that was previously exercisable on or prior to the Termination Date (as defined below) according to the vesting schedule set forth in Article 2, shall then be exercisable during a 90-day period starting from the Termination Date. After this period the vested Options shall be immediately cancelled without prior notice or compensation. Any Option that has not vested on or prior to the Termination Date shall also be immediately cancelled without prior notice or compensation.

The Termination Date shall mean the date on which employment or corporate office is terminated or lapses or, if sooner:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• in the event of resignation, the date on which the Company or the applicable Group Company receives the letter of
resignation or other written notification of resignation from the Participant or his or her agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• in the event of dismissal (or equivalent), the date on which the Company or the relevant Group Company shall
inform the Participant in writing of its intention to terminate or not renew the employment relationship or the corporate office;

Employment will also be deemed to be terminated for these purposes if at any time the company employing the Participant or in which he or she holds corporate office shall cease to be a "Group Company" as a result of a reduction in DBV Technologies' stake in such company (share capital and/or voting rights).

**5.** **Exceptions to the Continued Employment condition** 

Notwithstanding the provisions of Article 4, an exception to the Continued Employment Condition shall be made in the following cases:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Death of the Participant</u> 

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All the Options shall be fully vested and may thereafter be exercised by the Participant's heir(s) for a period of six (6) months from the date of death. The Shares resulting from the exercise of the Options will then be freely transferable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>Disability</u> <u>of the Participant</u> 

For Participants who are employed by a U.S. company of the DBV Technologies Group, "disability" shall have the meaning provided for under Section 409A of the Internal Revenue Code.

For Participants who are employed by the Company or a French company of the DBV Technologies Group or by any other entity of the DBV Technologies Group which is not a U.S. company, "disability" shall have the meaning provided in the second or third of the categories provided for by Article L. 341-4 of the French Social Security Code.

Following a disability, the Options outstanding and vested on such date according to the vesting schedule set forth in Article 2 shall remain exercisable. The Shares resulting from the exercise of the Options will then be freely transferable. Any Options not vested on or prior to the date of disability shall terminate immediately and be of no further force or effect, without prior notice or compensation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) <u>Retirement of the Participant</u> 

For Participants who are employed by a U.S. company of the DBV Technologies Group, retirement shall mean a termination of continued employment after attainment of age 62.

For Participants who are employed by the Company or a French company of the DBV Technologies Group, retirement shall mean retirement after meeting retirement eligibility in accordance with applicable French law or in an early retirement within the framework of a collective legal or contractual early retirement plan set up by the relevant Group Company.

For Participants employed by a company of the DBV Technologies Group located outside of France or the United States, retirement shall mean retirement after meeting retirement eligibility in accordance with the applicable local law.

Following a retirement, the Participant may retain and exercise any Options that have vested prior to the effective date of retirement. The Participant's Options scheduled to vest on the first scheduled Vesting Date occurring after the effective date of retirement, shall remain eligible to vesting. Options with a subsequent Vesting Date shall be immediately cancelled, without prior notice or compensation. Vested Options may thereafter be exercised by the Participant at any time during the Exercise Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) <u>Lapse period between two employment contracts</u> 

A lapse period between two employment contracts shall not be deemed to interrupt the Continued Employment Condition for Participants who are employees of the Company or of a company of the DBV Technologies Group.

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The assessment of the consecutive nature and type of employment contract is the responsibility of the Company's Human Resources Department.

For the purposes of the Plan, during this period, Participants will be deemed to have continued their employment within the DBV Technologies Group.

In addition to the foregoing, the Board of Directors of the Company may waive the Continued Employment Condition in whole or in part on a case-by-case basis, in its discretion.

**6.** **Transfer of Shares** 

The transfer of the Shares resulting from the exercise of the Options is possible only as from the first anniversary date of the Grant Date (included).

However, any Participant or the heirs or assigned of a deceased Participant are entitled to transfer the resulting Shares at any time after the acquisition of such Shares.

The exercise of the Options by the Participant and the transfer or sale of the resulting Shares by the Participant must be made in compliance with various provisions aimed at ensuring the transparency and the security of financial markets, and in particular those provisions concerning insider trading. In this regard, periods preceding the publication of the annual and interim financial statements will be fixed and announced by the Company, during which the sale of Shares will be prohibited. Furthermore, the Board of Directors may implement procedures that Participants must follow before selling Shares, in order to ensure that they are in not in possession of information liable to block such sale.

More generally, Participants will be required to adhere to the Company's Insider Trading Policy in particular with respect to transactions relating to the Company's Shares and to applicable French and U.S. federal and state laws.

Notwithstanding anything in this Plan to the contrary, the transfer of any Shares shall be conditioned on compliance with all applicable laws and regulations. The Company shall not be required to transfer Shares in any circumstances that it deems not to be in compliance with such laws and regulations.

If any such law or regulation shall require the Company, or any Participant to take any action in connection with the transfer, the transfer of Shares shall be suspended and deferred until such action shall have been taken.

**7.** **Characteristics of the Shares** 

The Shares subscribed by the Participant will be new or existing ordinary Shares to be issued by DBV Technologies, at the choice of the Board of Directors of DBV Technologies. In the absence of an express choice before the end of the first anniversary date of the Grant Date, then the Shares will be new Shares.

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The new Shares issued in favor of some or all the Participants shall have the same rights as those attached to the existing DBV Technologies shares as from their issuance.

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**8.** **Adjustment <u> </u>** 

In the event of a redemption or reduction of share capital, a change in the allocation of profits, a grant of free shares to all of the shareholders, an increase in share capital by incorporation of reserves, profits or share premium, a distribution of reserves, a share buy-back at a price above the share price on the stock exchange or any issues of equity instruments that includes subscription rights reserved for the shareholders, the Exercise Price and the number of Shares to which an Option gives right will be adjusted in order to take into account such issuance or other capital transaction.

If such a situation is covered by existing law or regulation, such law or regulation shall be applied.

If such a situation is not covered by existing French law or regulation, the General Meeting of Shareholders or the Board of Directors when deciding to proceed with such securities issuance or other modification of the share capital may adopt any adjustment measures necessary to protect the rights of the holders of the Options, using by analogy the rules and regulations which would govern similar cases.

Each Participant will be informed of the practical terms of such an adjustment and of its consequences on his/her grant of Options.

**9.** **Compensation Recovery (Clawback)** 

Any Shares transferred under this Plan to a Participant who is a current or former "executive officer"<sup>1</sup> of the Company shall be subject to compensation recovery ("clawback") to the extent required by applicable law or regulations and DBV Technologies' recovery policy in the event the Company is required to prepare an accounting restatement due to the material noncompliance of the Company with any financial reporting requirements under the applicable securities laws.

**10.** **Restructuring and mergers** 

In accordance with Article L. 228-101 of the French Commercial Code, if the Company is absorbed by another company or merges with one or several other companies resulting in the creation of a new entity, or in case of a demerger (*scission*), the Participants will be entitled to exercise their Options in the company or companies receiving the capital contributions.

**11.** **Social and tax treatment** 

The Participant is responsible for making declarations and payments to be made or owed by him/her under applicable law and particularly in respect of his/her tax liabilities. Applicable social security law and tax law vary depending on the country of residence of the Participants.

Each Participant is responsible for inquiring about the social and tax treatment applicable to him /her in his/her country of residence due to the grant or exercise of Options or the issuance or transfer of the resulting Shares.

<sup>1</sup> As defined by applicable US regulations

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In the event that, as a result of the grant or exercise of Options or the issuance or transfer of the resulting Shares and, as the case may be, as provided by applicable law, DBV Technologies or a Group Company would have to pay taxes, social security contributions or any other tax or governmental contribution on behalf of the Participant, DBV Technologies reserves the right to delay or prohibit the grant, exercise and/or issuance or transfer of the Shares until such Participant has repaid to DBV Technologies or to the relevant Group Company the amount corresponding to such taxes, social security contributions or any other tax or governmental contribution. DBV Technologies or the relevant Group Company as the case may be, reserves the right to deduct such taxes, social security contributions or any other tax or governmental contribution from the compensation due to the Participant concerned.

**12.** **Limitation of rights** 

The Options are not transferrable.

Options do not have any right attached to ordinary shares, including voting rights or rights to dividends. The Participant shall become full owners of the Shares and attached rights only upon exercise of the Options.

The Options are separate from the Participant's employment contract and are not part of it. They are not taken into account to compute termination payments, pensions or any other payments made in the context of employment relationship termination.

None of the provisions which are set out in the Plan constitute an element of the employment contract of a Participant. The rights and obligations deriving from the employment relationship between the Participant and DBV Technologies or a Group Company shall in no way be affected by the Plan from which they are completely distinct. Participation in the Plan shall not confer any right relating to the continuation or creation of any employment relationship or any right upon termination of any such relationship.

**13.** **Construction of the Plan and governing law** 

It will be the responsibility of the Board of Directors to construe the provisions of the Plan, if required, which may delegate this power to the Chief Executive Officer or to the Global Head of Human Resources of the Group.

This Plan is governed and shall be construed in accordance with French law, and any claim relating thereto will be subject to the jurisdiction of the courts within the jurisdiction of the Court of Appeal of Paris. For Participants who are who are employed by a U.S. Company of the DBV Technologies Group, this Plan shall be construed in accordance with Section 409A of the United States Internal Revenue Code, in particular in the event of death or disability of the concerned Participants.

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**14.** **Modification of the plan** 

The terms of this Plan may be amended or supplemented by the Board of Directors (i) if it deems such amendment or supplement to be appropriate and not materially adverse to the interest of the affected Participants or (ii) by mutual agreement with the affected Participants.

More generally, in the event of a change in any legal, regulatory or accounting requirements applicable to the Plan, or any change in the interpretation thereof, in particular with respect to the fiscal or social treatment of any grant or exercise of Options, or delivery of Shares under the Plan, affecting the Company, any Group Company or any Participants, the terms of the Plan may be amended or supplemented by the Board of Directors, in its discretion and in the manner that it deems appropriate, in response to such change. For example, the Board of Directors may choose to shorten or lengthen the Vesting Period, the Exercise Period and/or to introduce a mandatory lock-up period and/or waive or modify any condition to Exercise Conditions and/or introduce new conditions. Furthermore, the Board of Directors may, if it deems the delivery of Shares to any Participant, who is not a French tax resident, following exercise of Options would be impossible or inopportune, choose to pay instead an amount in cash of equivalent value, net of taxes and social charges. The amount and timing of any such payment would be determined by the Board of Directors in its discretion, by reference to the number and timing of any Shares to be otherwise delivered to Participants hereunder following the exercise of Options, to be valued by the Board of Directors on or around the scheduled delivery date, or by reference to an average price over a period preceding such date.

Participants shall not be entitled to any indemnification for any loss of value and/or increased tax or social costs resulting from any such amendments or supplements to the Plan, irrespective of whether such loss or increase is of general application or is specific to them in view of their personal situation.

\* \* \*

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**Annex 1** 

**Information Notice on the Protection of Personal Data** 

By participating in the Plan, the Participant acknowledges that his/her personal information be subject to electronic data processing carried out under the control of the Company, with the assistance of his/her employer, in accordance with French Law n°78-17 of January 6, 1978 on data processing, data files and individual liberties, the EU Regulation on Data protection (2016/679) of April 27, 2016 (GDPR) and applicable local laws. It shall be implemented on the basis of legitimate interest (Article 6(1)(f) of the GDPR) because it is necessary for the administration of his/her rights under the plan and on for compliance of legal obligations (Article 6(1)(c) of the GDPR), for all purposes relating to the implementation of the Plan, *i.e*.:

(i) administering and maintaining Participant records.

(ii) providing information to members of the Group, registrars, brokers or third-party administrators of the Plan.

(iii) providing information to future purchasers of the Company or of the business in which the Participant works.

(iv) transferring information about the Participant to France or to another country or territory outside of his/her
home country and/or of the European Economic Area that may not provide the same statutory protection for the information as the Participant's home country; and

(v) complying with legal obligations.

All personal information subject to the electronic data processing is mandatory for the participation to the Plan. All this information will be transmitted (and be transferred to France) to and used for account administration and electronic storage of this data, by the internal departments of the Group in charge of the management of his/her shareholder's account, and to external entities designated to manage the same, and to all persons statutorily or expressly authorized by DBV Technologies or by an employer to hold and process this information (in particular the holder of shareholders accounts), as well as to any future acquirer of DBV Technologies or his/her employing company or the business in which he/she is working within the duration of the Plan. This personal information shall be retained for the time required for the completion of the Plan and for the purposes of the management of the shareholder's account, until he/she sells all his/her DBV Technologies shares under the Plan, and thereafter for archiving purposes until the expiration of the limitation period of any possible litigation relating to the processing of such data.

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Every Participant will be able to exercise a right to access, to modify and to rectify, and as well as to delete (once he/she no longer holds any Shares under the Plan) any information relating to him/her. Furthermore, each Participant will have the right to restriction of processing and to object to processing as well as the right to data portability. The right of data portability shall allow the Participant to recover his/her data directly or to transfer them or have them transferred to another data controller (subject to legal limits). According to French law, he/she will have a right to define the directives in relation to the registration, the removal and the communication of his/her personal data after his/her death.

In some countries, local regulations require the express consent of the Participant for the processing and transfer of his/her personal data. In such a case, the Participant's consents, under the acceptance procedure, to the collection, use, storage and transfer of his/her personal data, within the framework of local law. Furthermore, local law may provide that he/she has the right to withdraw his/her consent for the processing of his/her personal data. However, his/her personal data is necessary for the processing of his/her participation to the Plan, the holding of his/her Shares under the Plan and the execution of all operations related to his/her investment. Accordingly, he/she will be able to exercise his/her right to withdraw his/her consent only when all the Shares held under the Plan have been sold.

The Company has appointed a data protection officer, who is responsible for compliance with this notice and can be contacted at the following address: <u>dataprivacy@dbv-technologies.com</u>.

The Participant have the right to lodge a complaint with his/her supervisory authority (in France, the supervisory authority is the CNIL), concerning the protection of personal data.

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## Exhibit 99.2

**Exhibit 99.2**![LOGO](g36002dsp028.jpg)

**DBV TECHNOLOGIES** 

**PLAN RULES FOR THE** 

**2026 FREE SHARE PLAN (INTERNATIONAL VERSION)** 

**<u>Purpose and background of the Plan:</u>**

The Annual General Meeting of Shareholders of DBV Technologies ("**DBV Technologies**" or the "**Company**") held on June 3, 2026, in its 35<sup>th</sup> resolution, authorized the board of directors of the Company (the "**Board of Directors**") to grant free shares (such grants being referred to as "**Restricted Stock Units**" or "**Free Shares**") to employees of the Company and its subsidiaries, in accordance with articles L. 225-197-1 to L. 225-197-5 as well as L. 22-10-59 et seq. of the French Commercial Code.

At is meeting on June 3, 2026, the Board of Directors decided:

• to approve this 2026 Free Share Plan (the "**Plan** "), which will govern the Free Shares grants
that will be awarded to employees; and

• to subdelegate to the Chief Executive Officer of DBV Technologies the authority to grant Restricted Stock Units
to new employees of the Company, within the conditions of this Plan and the conditions set by the Board of Directors, until December 31, 2026.

Each Restricted Stock Unit entitles its holder to receive one ordinary share of the Company, subject to the satisfaction of a continued employment condition, as defined in Article 3 of this Plan, and to the other terms and conditions set forth in such Plan.

Through this Plan, employees can become shareholders of DBV Technologies, rewarding their contributions to its development.

This document sets forth the terms of the Plan for participants who are employed by a company of the DBV Technologies Group (as this term is defined below) located outside of France, on the Grant Date, as defined hereunder.

**1.** **Participants and number of Restricted Stock Units granted** 

Individuals receiving Restricted Stock Units under this Plan ("**Participants**") are employees and corporate officers of the Company and those companies in which it holds directly or indirectly a majority of the share capital and/or voting rights (together the "**Group Companies**" or "**DBV Technologies Group**").

The list of Participants and the number of Restricted Stock Units granted to each are determined by the Board of Directors or the Chief Executive Officer acting upon delegation of the Board of Directors, on the Grant Date, as defined hereunder.

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Each Participant will be informed of the grant by an individual notification letter (the "**Notification Letter** "), which may be sent in electronic format together with the Plan rules. The aforesaid Plan rules are also available on the website of Banque Transatlantique, the service provider assisting the Company in the management of the Plan (the "**Service Provider** ").

The Participant has an express right of renunciation within a period of thirty (30) days from the date of the Notification Letter, after which acceptance of the Plan and the conditions of the Plan rules will be considered as firm.

The Participant may express his or her waiver by logging on to the Service provider's website, in the "*Your account*" menu, "*Preferences/Instructions*" tab.

**2.** **Vesting schedule and dates** 

The date on which the Board of Directors or the Chief Executive Officer, acting upon subdelegation by the Board of Directors, finalizes the grant of the Restricted Stock Units to the Participants is hereinafter referred to as the "**Grant Date**" and is specified in the Participant's Notification Letter.

The right to receive the Restricted Stock Units will vest in installments over a four-year period starting from the Grant Date, according to the schedule set forth below and subject to the satisfaction of the continued employment condition and to the other terms and conditions set forth in this Plan. Such installments are not necessarily equal and may be subject to rounding.

For each Restricted Stock Unit, the period between the Grant Date and the date upon which it is definitely vested ("**Vesting Date**") set forth below is referred to as the "**Vesting Period**".

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| | |
|:---|:---|
| **Vesting** | **Delivery** |
| 25 % of the Restricted Stock Units shall be eligible to vest one (1) year following the Grant Date. | The Restricted Stock Units should be delivered on the first business day following the second anniversary of the Grant Date. |
| an additional 25 % of the Restricted Stock Units shall be eligible to vest two (2) years following the Grant Date. | The Restricted Stock Units should be delivered on the first business day following the Vesting Date. |
| an additional 25 % of the Restricted Stock Units shall be eligible to three (3) years following the Grant Date. | The Restricted Stock Units should be delivered on the first business day following the Vesting Date. |
| the last 25 % of the Restricted Stock Units shall be eligible to vest four (4) years following the Grant Date. | The Restricted Stock Units should be delivered on the first business day following the Vesting Date. |

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In the event that the Participant's employment or corporate office is involuntary terminated other than for cause within twelve (12) months following the date of the consummation of a change of control of the Company as defined in Article L. 233-3 of the French Commercial Code, the vesting of each of the Participant's Restricted Stock Units (including the Restricted Stock Units that have not vested) shall be automatically accelerated in full and the underlying Free Shares shall be delivered as soon as practicable thereafter. In the event of change in control occurring prior to the second anniversary of the Grant Date, such delivery shall be made on the first business day following such second anniversary.

"Cause" as a reason for a Participant's termination of employment shall have the meaning assigned such term in the employment, severance or similar agreement, if any, between such Participant and his or her employer, provided, however that if there is no such employment, severance or similar agreement in which such term is defined, then "Cause" shall mean any of the following acts by the Participant, as determined by the Company: gross neglect of duty, prolonged absence from duty without the consent of the Company or applicable Group Company, material breach by the Participant of any published Company or applicable Group Company code of conduct or code of ethics; intentionally engaging in activity that is in conflict with or adverse to the business or other interests of the Company or applicable Group Company; or willful misconduct, misfeasance or malfeasance of duty which is reasonably determined to be detrimental to the Company or applicable Group Company. The determination of the Company as to the existence of "Cause" shall be conclusive on the Participant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.** **Continued Employment Condition** 

The vesting of each Participant's Restricted Stock Units on their respective Vesting Date is subject to him or her remaining an employee or executive corporate officer of the Company or another Group Company for the full duration of the applicable Vesting Period, up to and including the Vesting Date. Such employment must be continuous and without interruption. Exceptions to this condition are set forth below.

If employment or corporate office is terminated or lapses at any time during the Vesting Period, then all Restricted Stock Units eligible to vest according to the vesting schedule set forth in Article 2 on or after the "**Termination Date**" as defined below) shall be immediately cancelled, without prior notice or compensation.

The Termination Date shall mean the date on which employment or corporate office is terminated or lapses or, if sooner:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• in the event of resignation, the date on which the Company or the applicable Group Company receives the letter of
resignation or other written notification of resignation from the Participant or his or her agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• in the event of dismissal (or equivalent), the date on which the Company or the relevant Group Company shall
inform the Participant in writing of its intention to terminate or not renew the employment relationship or the corporate office.

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Employment will also be deemed to be terminated for these purposes if at any time the Company employing the Participant or in which he or she holds corporate office shall cease to be a "Group Company" as a result of a reduction in DBV Technologies' stake in such company (share capital and/or voting rights).

**4.** **Exceptions to the Continued Employment Condition** 

Notwithstanding the provisions of Article 3, an exception to the Continued Employment Condition shall be made in the following cases:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Death of the Participant</u>

For Participants who are employed by a U.S. company of the DBV Technologies Group, all the Free Shares underlying the outstanding Restricted Stock Units shall be delivered within 90 days of the date of death to the Participant's heirs or assignees, or in escrow if they cannot be identified.

For Participants who are employed by the Company or a French company of the DBV Technologies Group or by any other entity of the DBV Technologies Group which is not a U.S. company, the heirs or assignees may request an early delivery of all the Free Shares underlying the outstanding Restricted Stock Units within six (6) months from the date of death of the Participant.

The Free Shares received will be freely transferable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>Disability of the Participant</u> 

For Participants who are employed by a U.S. company of the DBV Technologies Group, "disability" shall have the meaning provided for under Section 409A of the Internal Revenue Code. Following a disability, all the Free Shares underlying the outstanding Restricted Stock Units shall be delivered within 90 days of notification to the Company.

For Participants who are employed by the Company or a French company of the DBV Technologies Group or by any other entity of the DBV Technologies Group which is not a U.S. company, "disability" shall have the meaning provided in the second or third of the categories provided for by Article L. 341-4 of the French Social Security Code. Following a disability, the affected may request early delivery of all the Free Shares underlying the outstanding Restricted Stock Units.

The Free Shares received will be freely transferable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) <u>Retirement of the Participant</u> 

For Participants who are employed by a U.S. company of the DBV Technologies Group, retirement shall mean a termination of continued employment after attainment of age 62.

For Participants who are employed by the Company or a French company of the DBV Technologies Group, retirement shall mean retirement after meeting retirement eligibility in accordance with applicable French law or in an early retirement within the framework of a collective legal or contractual early retirement plan set up by the relevant Group Company.

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For Participants employed by a company of the DBV Technologies Group located outside of France or the United States, retirement shall mean retirement after meeting retirement eligibility in accordance with the applicable local law.

Following a retirement, the Participant shall remain eligible to receive Free Shares in respect of Restricted Stock Units scheduled to vest on the first scheduled Vesting Date occurring after the effective date of retirement. Restricted Stock Units with a subsequent Vesting Date shall be immediately cancelled, without prior notice or compensation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) <u>Lapse period between two employment contracts</u> 

A lapse period between two consecutive employment contracts shall not be deemed to interrupt the Continued Employment Condition for Beneficiaries who are employees of the Company or of a company of the DBV Technologies Group.

The assessment of the consecutive nature and type of employment contract is the responsibility of the Company's Human Resources Department.

For the purposes of the Plan, during this period, Beneficiaries will be deemed to have continued their employment within the DBV Technologies Group.

In addition to the foregoing, the Board of Directors of the Company may waive the Continued Employment Condition in whole or in part on a case by case basis, in its discretion.

**5.** **Delivery and Custody of the Free Shares** 

On the first Paris business day following each scheduled Vesting Date, the Company should deliver to each Participant the Free Shares underlying the Restricted Stock Units that will have vested on such Vesting Date, following compliance with the conditions and criteria of Vesting set forth in this Plan. The Company will ensure that the delivery will occurred at the scheduled date, however a processing delay may apply during the delivery process which should not in any case hinder the rights of the Participant to receive Free Shares.

The Free Shares will be delivered in securities accounts under each Participant's name maintained by the Service provider or any other financial institution appointed by DBV for the administration of this Free Share Plan and will be held in administered registered form ("*nominatif administré*").

In addition, subject to applicable law and regulations, the Company may, prior to each Delivery, in the discretion of the Board, determine that the Free Shares may, or must, be held through a *fonds commun de placement d'entreprise* or "*FCPE*"or any other custodial arrangement.

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As an exception to the foregoing, the Free Shares underlying the Restricted Stock Units that will have vested prior to the second anniversary of the Grant Date, will be delivered on the first Paris business day following the second anniversary and not before, except in case of death or disability.

Free Shares delivered on or after the second anniversary of the Grant Date will be freely transferable and not subject to any lock-up period.

In all cases, Free Shares received under this Plan may not, pursuant to the current provisions of Article L. 22-10-59 of the French Commercial Code, be transferred or sold:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• During the period of thirty (30) calendar days that precede the date on which the annual or half-year
results of the Company are published and during the period of fifteen (15) calendar days that precede the date on which the quarterly results of the Company are published ; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• By the members of the Board of directors, the Chief Executive Officer or Deputy Executive Officers, if any, and
by any employee aware of insider information, within the meaning of Article 7 of regulation (EU) n ° 596/2014 of the European Parliament and of the Council of 16 April 2014 on Market Abuse, which has not been made public.

Should periods defined under Article L. 22-10-59 of the French Commercial Code change over time, or be deleted, any new provision will automatically replace the provisions described above.

More generally, Participants will be required to adhere to the Company's Insider Trading Policy in particular with respect to transactions relating to the Company's Shares and to applicable French and U.S. federal and state laws.

Notwithstanding anything in this Plan to the contrary, the delivery of any Free Shares shall be conditioned on compliance with all applicable laws and regulations. The Company shall not be required to deliver Free Shares in any circumstances that it deems not to be in compliance with such laws and regulations.

If any such law or regulation shall require the Company, or any Participant to take any action in connection with delivery, the delivery of Free Shares shall be suspended and deferred until such action shall have been taken.

**6.** **Characteristics of the Free Shares** 

The Free Shares delivered to the Participants will be new or existing ordinary shares, at the choice of the Board of Directors. In the absence of a choice before the delivery date of each tranche as provided in Article 2 of this Plan, then the Free Shares will be new shares.

The new Free Shares issued in favor of some or all the Participants shall have the same rights as those attached to the existing DBV Technologies shares as from their issuance.

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**7.** **Adjustment of the number of Free Shares** 

During the Vesting Period, in the event of a redemption or reduction of share capital, a change in the allocation of profits, a grant of free shares to all of the shareholders, an increase in share capital by incorporation of reserves, profits or share premium, a distribution of reserves, a share buy-back at a price above the share price on the stock exchange or any issue of equity instruments that includes subscription rights reserved for the shareholders, the maximum number of Shares granted pursuant to the Plan may be adjusted by the Board of Directors of the Company in order to take into account such transaction, in a similar manner to the adjustment modalities provided by French law governing options to subscribe or acquire shares. The same applies in case of stock-split or reverse stock-split with respect to the Shares.

If such a situation is not covered by existing French law governing options to subscribe or acquire shares, the General Meeting of shareholders or the Board of Directors when deciding to proceed with such securities issuance or other modification of the share capital may adopt any adjustment measures necessary to protect the rights of the Participants, using by analogy French law governing similar cases.

Each Participant will be informed of the practical terms of such an adjustment and of its consequences on his/her grant of Restricted Stock Units.

In accordance with the 35<sup>th</sup> resolution of the Combined General Meeting dated June 11, 2025, the Restricted Stock Units which would have been freely granted pursuant to such an adjustment will be deemed to have been granted on the same day as the Restricted Stock Units initially granted on the Grant Date.

**8.** **Restructuring and mergers** 

In accordance with Article L. 225-197-1 III of the French Commercial Code, in case of a cashless share exchange (*échange sans soulte*) as a result of a merger or a split (*scission*) achieved in accordance with applicable law during the Vesting Period, all the conditions provided in this Plan at the exchange date and, in particular, any vesting conditions and remaining Vesting Period, will remain applicable to the Restricted Stock Units received in exchange.

**9.** **Tax and social treatment** 

The Participant is responsible for making declarations and payments to be made or owed by him/her under applicable law and particularly with respect to his/her tax liabilities. Applicable social security law and tax law vary depending on the country of residence and/or of taxation of the Participants.

Each Participant is responsible for inquiring about the social and tax treatment applicable to him/her in any jurisdiction due to the grant of Restricted Stock Units, the Vesting or the delivery of Free Shares, or at the time of the transfer of the Free Shares or upon payment of any dividend.

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In the event that, as a consequence of the grant of Restricted Stock Units, the Vesting or the delivery of Free Shares, DBV Technologies or a Group Company would have to pay taxes, social security contributions or any other taxes or governmental contribution (the "**Taxes**") on behalf of a Participant, DBV Technologies reserves the right to defer or prevent the delivery of the Free Shares until such time as the Participant has paid the corresponding amount to DBV Technologies or the relevant Group Company.

If legally and technically possible, regarding the Taxes due to the Vesting and delivery of the Free Shares, the Participant can opt for DBV Technologies or, if applicable, the relevant Group Company (i) to deduct the amount of these taxes, social security contributions, taxes or governmental contribution from the salary or other amount owed to the Participant, or (ii) to transfer or sell all or part of the Shares in order to fulfil the Participant's obligations, the proceeds being directly paid to DBV Technologies or the relevant Group Company.

The Participant will share his/her selected option with Human Resources Department before each Vesting Date.

Participants who have been employed in France during the Vesting Period but who would no longer be tax residents of France at the time of the transfer of the Free Shares will be subject to a withholding tax in France upon sale of the Free Shares. The tax will be deducted by the bank administering the Plan and may be withheld from the proceeds of such sale. The balance of the proceeds of the sale will only be credited to the personal account of the Participant after payment of any such tax due.

**10.** **Limitation of rights** 

The Restricted Stock Units are not transferrable.

During the Vesting Period, the Participants are not the owners of the Free Shares which are not vested and do not have any right attached to such Free Shares, including voting rights or rights to dividends. They shall become full owners of the Free Shares and attached rights only upon delivery.

The Restricted Stock Units are separate from the Participant's employment contract and are not part of it. They are not taken into account to compute termination payments, pensions or any other payments made in the context of employment relationship termination.

None of the provisions which are set out in the Plan constitute an element of the employment contract of a Participant. The rights and obligations deriving from the employment relationship between the Participant and DBV Technologies or a Group Company shall in no way be affected by the Plan from which they are completely distinct. Participation in the Plan shall not confer any right relating to the continuation or creation of any employment relationship or any right upon termination of any such relationship.

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**11.** **Interpretation of the Plan and Governing Law** 

It will be the responsibility of the Board of Directors to construe the provisions of the Plan, if required, which may delegate this power to the Chief Executive Officer or to the Global Head of Human Resources of the Group.

This Plan is governed and shall be construed in accordance with French law and any claim relating thereto will be subject to the jurisdiction of the courts within the jurisdiction of the Court of Appeal of Paris. For Participants who are who are employed by a U.S. Company of the DBV Technologies Group, this Plan shall be construed in accordance with Section 409A of the United States Internal Revenue Code.

**12.** **Amendment of the Plan** 

The terms of this Plan may be amended or supplemented by the Board of Directors (i) if it deems such amendment or supplement to be appropriate and not materially adverse to the interest of the affected Participants or (ii) by mutual agreement with the affected Participants.

More generally, in the event of a change in any legal, regulatory or accounting requirements applicable to the Plan, or any change in the interpretation thereof, in particular with respect to the fiscal or social treatment of any rights, payments or Free Shares granted under the Plan, affecting the Company, any Group Company or any Participants, the terms of the Plan may be amended or supplemented by the Board of Directors, in its discretion and in the manner that it deems appropriate, in response to such change. For example, the Board of Directors may choose to shorten or lengthen the Vesting Period and/or to introduce a mandatory lock-up period and/or waive or modify any condition to Vesting and/or introduce new conditions. Furthermore, the Board of Directors may, if it deems the delivery of Free Shares to any Participant, who is not a French tax resident, would be impossible or inopportune, choose to pay instead an amount in cash of equivalent value, net of taxes and social charges. The amount and timing of any such payment would be determined by the Board of Directors in its discretion, by reference to the number and timing of any Free Shares to be otherwise delivered hereunder, to be valued by the Board of Directors on or around the scheduled delivery date, or by reference to an average price over a period preceding such date.

Participants shall not be entitled to any indemnification for any loss of value and/or increased tax or social costs resulting from any such amendments or supplements to the Plan, irrespective of whether such loss or increase is of general application or is specific to them in view of their personal situation.

\* \*

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**Annex 1** 

**Information Notice on the Protection of Personal Data** 

By participating in the Plan, the Participant acknowledges that his/her personal information be subject to electronic data processing carried out under the control of the Company, with the assistance of his/her employer, in accordance with French Law n°78-17 of January 6, 1978 on data processing, data files and individual liberties, the EU Regulation on Data protection (2016/679) of April 27, 2016 (GDPR) and applicable local laws. It shall be implemented on the basis of legitimate interest (Article 6(1)(f) of the GDPR) because it is necessary for the administration of his/her rights under the plan and on for compliance of legal obligations (Article 6(1)(c) of the GDPR), for all purposes relating to the implementation of the Plan, *i.e*.:

(i) administering and maintaining Participant records;

(ii) providing information to members of the Group, registrars, brokers or third-party administrators of the Plan;

(iii) providing information to future purchasers of the Company or of the business in which the Participant works;

(iv) transferring information about the Participant to France or to another country or territory outside of his/her
home country and/or of the European Economic Area that may not provide the same statutory protection for the information as the Participant's home country; and

(v) complying with legal obligations.

All personal information subject to the electronic data processing is mandatory for the participation to the Plan. All this information will be transmitted (and be transferred to France) to and used for account administration and electronic storage of this data, by the internal departments of the Group in charge of the management of his/her shareholder's account, and to external entities designated to manage the same, and to all persons statutorily or expressly authorized by DBV Technologies or by an employer to hold and process this information (in particular the holder of shareholders accounts), as well as to any future acquirer of DBV Technologies or his/her employing company or the business in which he/she is working within the duration of the Plan. This personal information shall be retained for the time required for the completion of the Plan and for the purposes of the management of the shareholder's account, until he/she sells all his/her DBV Technologies shares under the Plan, and thereafter for archiving purposes until the expiration of the limitation period of any possible litigation relating to the processing of such data.

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Every Participant will be able to exercise a right to access, to modify and to rectify, and as well as to delete (once he/she no longer holds any Shares under the Plan) any information relating to him/her. Furthermore, each Participant will have the right to restriction of processing and to object to processing as well as the right to data portability. The right of data portability shall allow the Participant to recover his/her data directly or to transfer them or have them transferred to another data controller (subject to legal limits). According to French law, he/she will have a right to define the directives in relation to the registration, the removal and the communication of his/her personal data after his/her death.

In some countries, local regulations require the express consent of the Participant for the processing and transfer of his/her personal data. In such a case, the Participant's consents, under the acceptance procedure, to the collection, use, storage and transfer of his/her personal data, within the framework of local law. Furthermore, local law may provide that he/she has the right to withdraw his/her consent for the processing of his/her personal data. However, his/her personal data is necessary for the processing of his/her participation to the Plan, the holding of his/her Shares under the Plan and the execution of all operations related to his/her investment. Accordingly, he/she will be able to exercise his/her right to withdraw his/her consent only when all the Shares held under the Plan have been sold.

The Company has appointed a data protection officer, who is responsible for compliance with this notice and can be contacted at the following address: dataprivacy@dbv-technologies.com.

The Participant have the right to lodge a complaint with his/her supervisory authority (in France, the supervisory authority is the CNIL), concerning the protection of personal data.

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## Exhibit 99.3

**Exhibit 99.3**![LOGO](g36002dsp051.jpg)

**DBV TECHNOLOGIES** 

**PLAN RULES FOR THE** 

**CEO** 

**2026 PERFORMANCE SHARE UNIT PLAN** 

**GRANT DATE JUNE 5, 2026** 

**<u>Purpose and background of the Plan:</u>**

DBV Technologies ("**DBV Technologies**" or the "**Company**") is granting to its Chief Executive Officer (the **"Participant**") conditional rights to receive shares of DBV Technologies for free under this 2026 Performance Share Unit Plan (the "**Plan**"). The rights granted are referred to herein as "**Performance Share Units**", each of which represents a conditional right to receive one ordinary share of the Company. The vesting of the Performance Share Units is subject to the achievement of key Company milestones and a continued employment condition, thereby aligning long- term value with both performance and leadership continuity.

This Plan is implemented by decision of the Board of Directors based on the authorization of the shareholders of the Company to the Board of Directors in its 35th resolution approved at the Annual General Meeting held on June 3, 2026, to award free shares to employees and corporate officers of the Company and its subsidiaries, in accordance with Articles L. 225-197-1 to L. 225-197-5 as well as Articles L. 22-10-59 *et seq.* of the French Commercial Code..

The implementation of this Plan shall also comply with Articles L. 22-10-8 *et seq.* and L. 22-10-34 of the French Commercial Code, as well as Section 409A of the U.S. Internal Revenue Code.

Each Performance Share Unit entitles the Participant to receive one ordinary share of the Company, subject to the satisfaction of performance conditions, a continued employment condition and the other terms and conditions set forth in this Plan.

This document sets forth the terms of the Plan for the Chief Executive Officer of the Company.

---

| | |
|:---|:---|
| **1** | **Number of Performance Share Units granted**  |

---

The total number of Performance Share Units granted to the Participant has been fixed at 4,060,000, representing a conditional right to receive up to 4,060,000 ordinary shares of the Company.

The Participant will be informed of the grant by an individual notification letter (the "**Notification Letter**"), which may be sent in electronic format together with these Plan rules. These Plan rules are also available on the website of Banque Transatlantique, the service provider presently assisting the Company in the management of the Plan (the "**Service Provider**").

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The Participant has an express refusal right within a period of thirty (30) days from the date of the Notification Letter, after which acceptance of the Plan and the conditions of the Plan rules will be considered as definitive and irrevocable.

The Participant may express his refusal by logging on to the Service provider's website, in the "Your account" menu, "Preferences/Instructions" tab, or by any other means specified in the Notification Letter.

---

| | |
|:---|:---|
| **2** | **Vesting conditions**  |

---

The Performance Share Units are subject to forfeiture until the relevant vesting conditions are satisfied within the prescribed performance period commencing on the Grant Date and ending on the Vesting Date (defined below). Vesting conditions include achievement i) of certain performance conditions by the Company set out in Article 2.1 and ii) of specified continued employment conditions for the Participant set out in Article 2.2 and Article 2.3. Upon satisfying the vesting conditions, the Performance Share Units will become nonforfeitable.

**2.1** **Performance conditions** 

The vesting of the Performance Share Units granted under this Plan is subject to the achievement of the two performance conditions described in this Article 2.1 (the "**Performance Conditions**"), with a specific number of shares being allocated to the achievement of each condition, as specified in Article 2.1.1.

The Performance Conditions are subject solely to achievement of a regulatory milestone set out in Article 2.1.1, and shall be considered satisfied as of the date the Board of Directors certifies the Company's receipt of the final regulatory acceptance or approval.

Performance Share Units for which the relevant Performance Conditions are not achieved on or prior to the Vesting Date are automatically cancelled and forfeited without compensation.

<u>2.1.1</u> <u>Regulatory milestones relating to Viaskin Peanut (VP)</u> 

The vesting of the Performance Share Units is subject to the achievement of the following regulatory milestones with the U.S. Food and Drug Administration ("**FDA**") in respect of Viaskin Peanut ("**VP**"):

(a) <u>FDA first approval of VP</u>: upon the first FDA approval of a VP BLA (regardless of the age group concerned), two million nine hundred thousand (2,900,000) Performance Share Units, shall become eligible to vest, subject to the other terms and conditions of the Plan.

(b) <u>FDA second approval of VP</u>: upon the second FDA approval of a VP BLA (i.e., an approval following the first approval referred to in paragraph (a) above, for a different VP indication or age group), one million one hundred sixty thousand (1,160,000) Performance Share Units, shall become eligible to vest, subject to the other terms and conditions of the Plan.

For the purposes of the foregoing, if the FDA were to approve a single VP BLA covering both age groups, the corresponding Performance Condition shall be deemed satisfied completely, and all Performance Share Units shall become eligible to vest).

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Each of the Performance Conditions described in this Article 2.1 is intended to reflect a distinct value-creating milestone for the Company in the eyes of investors.

**2.2** **Continued Employment Condition** 

The vesting of the Participant's Performance Share Units is subject to the Participant remaining Chief Executive Officer (*Directeur Général*) of the Company or otherwise employed by the Company, for the full duration of the vesting period (the "**Continued Employment Condition**"): from the Grant Date up to and including July 1, 2028 (the "**Vesting Date**"). Such holding of office and employment must be continuous and without interruption, except as otherwise expressly provided in Article 2.3.

To the extent that a Performance Condition and the Continued Employment Condition have been satisfied, the Performance Share Units allocated to such Performance Condition will become vested and shall entitle the Participant to receive the corresponding number of shares of the Company ("**Vested Shares**"). The delivery of the Vested Shares will be made in accordance with Article 3.

**2.3** **Exceptions to the Continued Employment Condition** 

Notwithstanding the provisions of Article 3, exceptions to the Continued Employment Condition shall apply in the following cases, subject in each case to the Performance Conditions, unless expressly waived by the Board of Directors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Death</u> of the Participant

In the event of the death of the Participant before the Vesting Date, the Performance Share Units allocated to those Performance Conditions that have been achieved prior to the date of death shall immediately vest and shall be considered Vested Shares.

In the event of the Participant's death, any Vested Shares that have not yet been delivered shall be delivered within ninety (90) days of the date of death to the Participant's heirs or assigns, or, if they cannot be identified within such period, into escrow for their benefit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>Disability</u> of the Participant

In the event of the disability of the Participant, ("**Disability**" as used herein having the meaning provided under Section 409A of the U.S. Internal Revenue Code of 1986, as amended (the "**Code**")), before the Vesting Date, the Performance Share Units allocated to those Performance Conditions that have been achieved prior to the date of notification of such Disability shall immediately vest and be considered Vested Shares.

Any Vested Shares that have not yet been delivered shall be delivered within ninety (90) days of the date of notification of Disability to the Company.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) <u>Retirement</u> of the Participant

If the Participant retires, with the prior approval of the Board of Directors, by undertaking a "separation from service" within the meaning of Section 409A of the Code after reaching the age of 67 and after having completed at least 9 years of service with the Company (a "**Qualifying Retirement**"), the Performance Share Units allocated to those Performance Conditions that have been achieved prior to the date of retirement shall vest and shares shall be delivered in accordance with the delivery schedule set out in Article 3, as if the Participant had remained in office until the Vesting Date.

Except as otherwise decided by the Board of Directors, no additional Performance Share Units shall vest in respect of Performance Conditions that are not achieved (or deemed achieved) as of the end of the vesting period on the date of such Qualifying Retirement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) <u>Termination without Cause or for Good Reason</u> 

In the event of a termination (defined as a "separation from service" within the meaning of Section 409A of the Code) of the Participant's corporate office or employment by the Company without Cause or by the Participant for Good Reason (each as defined below), the Performance Share Units attached to those Performance Conditions that have been achieved prior to the effective date of termination shall vest and shares shall be delivered in accordance with the delivery schedule set out in Article 3, as if the Participant had remained in office or employed until the Vesting Date.

Except as otherwise decided by the Board of Directors, no additional Performance Share Units shall vest in respect of Performance Conditions that are not achieved (or deemed achieved) as of the end of the vesting period on the date of such termination.

"**Cause**" as a reason for the Participant's termination of corporate office shall have the meaning assigned to such term in the corporate office, employment, severance or similar agreement, if any, between the Participant and the Company; provided, however, that if there is no such corporate office, employment, severance or similar agreement in which such term is defined, then "Cause" shall mean any of the following acts by the Participant, as determined by the Company: gross neglect of duty; prolonged absence from duty without the consent of the Company; material breach by the Participant of any published Company code of conduct or code of ethics; intentionally engaging in activity that is in conflict with or adverse to the business or other interests of the Company; or willful misconduct, misfeasance or malfeasance of duty which is reasonably determined to be detrimental to the Company. The determination of the Company as to the existence of Cause shall be conclusive on the Participant.

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**"Good Reason"** as a reason for the Participant's voluntary termination of corporate office shall have the meaning assigned to such term in the corporate office, employment, severance or similar agreement, if any, between the Participant and the Company; provided, however, that if there is no such corporate office, employment, severance or similar agreement in which such term is defined, then "Good Reason" shall mean the occurrence of any of the following events without the Participant's prior written consent, as determined by the Company, and in all cases within the meaning of and in accordance with Section 409A of the Code:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. A material reduction in the Participant's base salary or target incentive opportunity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. A material diminution in the Participant's authority, duties, responsibilities, job title or reporting
line;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. A material breach by the Company of the Participant's employment agreement, this Plan, or any related
award agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. A required relocation of the Participant's principal place of employment to a location at least fifty
(50) miles from Participant's then-current principal place of employment.

A termination for Good Reason shall occur only if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Participant provides written notice to the Company within the time period specified in the applicable
Notification Letter, identifying the event alleged to constitute Good Reason, and in any case within ninety [90] days of Participant's knowledge of such event;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Company is afforded a [reasonable] cure period [of thirty [30] days from the date of the written notice] to
remedy the event; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Participant terminates corporate office (defined as a "separation of service" within the meaning
of 409A of the Code) within the specified period following the expiration of such cure period, if the event remains uncured, which in no event shall be more than thirty (30) days following the expiration of the cure period.

**2.4**  **<u>Change in Control</u>** 

Upon the occurrence of a Change in Control (as defined below), all Performance Conditions shall be deemed achieved as of the date of occurrence of the Change in Control, and the corresponding Performance Share Units shall remain subject only to the Continued Employment Condition.

Following a Change in Control, the Continued Employment Condition shall remain applicable in accordance with Article 2.2 and shall remain subject to the exceptions contained in Article 2.3. For the avoidance of doubt, the provisions in Article 2.2 regarding termination by the Company without Cause or by the Participant for Good Reason will continue to apply subsequent to a Change in Control.

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***Change in Control*** shall mean:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any consolidation or merger of the Company with or into any other corporation or other entity or person, or any
other corporate reorganization, in which the shareholders of the Company immediately prior to such consolidation, merger or reorganization own less than fifty percent (50%) of the outstanding voting power of the surviving entity and its parent
following the consolidation, merger or reorganization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any transaction or series of related transactions in which any person or entity, or group of affiliated persons
or entities, becomes the owner, directly or indirectly, of securities of the Company representing more than fifty percent (50%) of the combined voting power of the Company's then outstanding securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any transaction or series of related transactions comprising the sale, lease, license or other disposition of all
or substantially all of the assets of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any change of control of the Company as defined in Article L. 233-3 of
the French Commercial Code; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any spin-off, split-off, spin-out, strategic partnership, joint venture or similar transaction related to (i) all or substantially all of the assets of the Company or (ii) the
VIASKIN<sup>®</sup> peanut patch, in a transaction or series of transactions that is determined by the Board of Directors of the Company or the compensation committee thereof, in its reasonable good
faith discretion, to constitute a Change in Control for purposes of this Plan.

However, a Change in Control will not include any consolidation or merger effected exclusively to change the domicile of the Company; any transaction or series of transactions principally for bona fide equity financing purposes in which cash is received by the Company or any successor, or indebtedness of the Company is cancelled or converted (or a combination thereof); any bona fide equity financing for the primary purpose of raising capital; any distribution of capital stock of the Company under the Company's employee stock ownership plans to participants or beneficiaries of such plans; or if such transaction's sole purpose is to create a holding company that will be owned in substantially the same proportions by the persons who held Company's securities immediately before such transaction.

Unless accelerated (in the event of death or Disability), the delivery schedule mentioned in Article 3 shall remain applicable after a Change in Control.

**3. Delivery and custody of the Vested Shares** 

Subject to the terms of this Plan, the Vested Shares will be delivered to the Participant in four installments, on the following dates or as soon as practicable immediately thereafter:

6/14

------

![LOGO](g36002dsp051.jpg)

---

| | |
|:---|:---|
| **Delivery Date** | **Number of shares delivered** |
| July 1, 2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25% of the total number of Vested Shares |
| January 1, 2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25% of the total number of Vested Shares |
| July 1, 2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25% of the total number of Vested Shares |
| January 1, 2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25% of the total number of Vested Shares |

---

Such installments are not necessarily equal in number of shares and may be subject to rounding.

As mentioned above, early delivery of Vested Shares may occur in the cases of Death or Disability.

The Vested Shares will be delivered into a securities account opened in the Participant's name and maintained by the Service Provider or any other financial institution appointed by the Company for the administration of this Plan, and will be held in administered registered form ("*nominatif administré*"). The Participant may decide to change the custody of the shares once delivered, subject to applicable laws and regulations.

The Vested Shares will be freely transferable and will not be subject to any contractual lock-up period under this Plan.

In all cases, the Vested Shares received under this Plan may not, pursuant to the current provisions of Article L. 22-10-59 of the French Commercial Code, be transferred or sold:

• During the period of thirty (30) calendar days that precede the date on which the annual or half-year
results of the Company are published and during the period of fifteen (15) calendar days that precede the date on which the quarterly results of the Company are published; and

• If the Participant is aware of inside information, within the meaning of Article 7 of Regulation (EU) No 596/2014
of the European Parliament and of the Council of 16 April 2014 on market abuse, as amended, which has not been made public.

Should the periods defined under Article L. 22-10-59 of the French Commercial Code change over time, or be deleted, any new provision will automatically replace the provisions described above.

More generally, the Participant will be required to adhere to the Company's Securities Trading Policy, in particular with respect to transactions relating to the Company's Shares and to applicable French laws and U.S. federal and state laws.

7/14

------

![LOGO](g36002dsp051.jpg)

Notwithstanding anything in this Plan to the contrary, the delivery of any Vested Shares shall be conditioned on compliance with all applicable laws and regulations. The Company shall not be required to deliver Vested Shares in any circumstances that it deems not to be in compliance with such laws and regulations.

If any such law or regulation requires the Company or the Participant to take any action in connection with delivery, the delivery of Vested Shares shall be suspended and deferred until such action has been taken.

**4. Characteristics of the Vested Shares** 

The Vested Shares delivered to the Participant will be new or existing ordinary shares of the Company, at the choice of the Board of Directors. In the absence of a decision before the delivery date, the Vested Shares will be new shares.

The new shares issued in favor of the Participant shall have the same rights as those attached to the existing Company shares as from their issuance.

For the avoidance of doubt, until Performance Share Units vest and the resulting Vested Shares are delivered, the Participant shall not have any rights of a shareholder with respect to the ordinary shares underlying the Performance Share Units, including, but not limited to, voting rights and the right to receive or accrue dividends or dividend equivalents.

The Participant accepts that the Company may cause such shares to be transferred to bearer form (*au porteur*). By accepting these Plan rules, the Participant shall be deemed to have irrevocably consented to any such transfer and its tax consequences.

---

| | |
|:---|:---|
| **5** | **Adjustment of the number of Performance Share Units**  |

---

During the vesting period, in the event of a redemption or reduction of share capital, a change in the allocation of profits, a grant of free shares to all of the shareholders, an increase in share capital by incorporation of reserves, profits or share premium, a distribution of reserves, a share buy-back at a price above the share price on the stock exchange or any issue of equity instruments that includes subscription rights reserved for the shareholders, the maximum number of Performance Share Units awarded pursuant to the Plan may be adjusted by the Board of Directors of the Company in order to take into account such transaction, applying the approach set forth in the relevant provisions of French law providing protection to holders of stock options. The same applies in case of a stock split or reverse stock split with respect to the shares.

If such a situation is not covered by existing French law governing options, the General Meeting of Shareholders or the Board of Directors, when deciding to proceed with such securities issuance or other modification of the share capital, may adopt any adjustment measures necessary to protect the rights of the Participant, using by analogy French law governing similar cases.

No adjustment shall be made if it would have the effect of adversely affecting the Participant's rights under this Plan. The Participant will be informed of the practical terms of any such adjustment and of its consequences on his grant of Performance Share Units.

8/14

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![LOGO](g36002dsp051.jpg)

In accordance with the shareholder resolutions under which the Performance Shares Units are granted, any additional Performance Share Units awarded pursuant to such an adjustment will be deemed to have been awarded on the same day as the Performance Share Units initially awarded.

---

| | |
|:---|:---|
| **6** | **Restructuring and mergers**  |

---

In accordance with Article L. 225-197-1 III of the French Commercial Code, in case of a cashless share exchange (*échange sans soulte*) as a result of a merger or a split (*scission*) achieved in accordance with applicable law during the vesting period, all the conditions provided in this Plan at the exchange date and, in particular, any vesting conditions and remaining vesting period, will remain applicable to the Performance Share Units or shares received in exchange.

---

| | |
|:---|:---|
| **7** | **Tax and social treatment**  |

---

The Participant is responsible for making any declarations and payments to be made or owed by him or her under applicable law and particularly with respect to his or her tax liabilities. Applicable social security law and tax law may vary depending on the country of residence and/or of taxation of the Participant.

The Participant is responsible for inquiring about the social and tax treatment applicable to him or her in any jurisdiction due to the award of Performance Share Units, the vesting or the delivery of Vested Shares, or at the time of the transfer of the Vested Shares or upon payment of any dividend.

In the event that, as a consequence of the award of Performance Share Units, the vesting or the delivery of Vested Shares, the Company or any group company has to pay taxes, social security contributions or any other taxes or governmental contributions on behalf of the Participant, the Company reserves the right to defer or prevent the delivery of the Vested Shares until such time as the Participant has paid the corresponding amount to the Company or the relevant group company.

If legally and technically possible, the Company or, if applicable, the relevant group company may transfer or sell all or part of the Vested Shares in order to fulfill the Participant's obligations, the proceeds being paid directly to the Company or the relevant group company.

If the Participant has been employed in France during the vesting period but is no longer a tax resident of France at the time of the transfer of the Vested Shares, he or she may be subject to a withholding tax in France upon sale of the Vested Shares. The tax will be deducted by the bank administering the Plan and may be withheld from the proceeds of such sale. The balance of the proceeds of the sale will only be credited to the personal account of the Participant after payment of any such tax due.

With respect to U.S. taxes, the Participant shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Participant pursuant to this Plan, the amount of any required withholding taxes in respect of the Performance Share Units and to take all such other action as the Company/Board of Directors deems necessary to satisfy all obligations for the payment of such withholding taxes. The Company/Board of Directors may permit the Participant to satisfy any federal, state, or local tax withholding obligations by any of the following means, or a combination of such means, within the constraints of applicable French law:

9/14

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![LOGO](g36002dsp051.jpg)

a) tendering a cash payment;

b) authorizing the Company to withhold shares otherwise issuable or deliverable to the Participant as a result of the vesting of the Performance Shares; provided, however, that no shares shall be withheld with a value exceeding the maximum amount of tax required to be withheld by law; or

c) delivering to the Company previously owned and unencumbered shares.

Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding, the ultimate liability for all such tax items is and remains the Participant's responsibility and the Company (i) makes no representation or undertakings regarding the treatment of any such items in connection with the grant, vesting or settlement of the Performance Shares or the subsequent sale of any shares, and (ii) does not commit to structure the Performance Shares to reduce or eliminate the Participant's liability for such items.

---

| | |
|:---|:---|
| **8** | **Limitation of rights**  |

---

The Performance Share Units are not transferable and any rights relating thereto may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Participant.

During the vesting period, the Participant is not the owner of the Vested Shares which are not yet delivered and does not have any rights attached to such shares, including voting rights or rights to dividends. He or she shall become the full owner of the Vested Shares and attached rights only upon delivery.

The Performance Share Units are separate from the Participant's corporate office or any employment contract and are not part of it. They are not taken into account to compute termination payments, pensions or any other payments made in the context of the termination of the corporate office or of any employment relationship.

None of the provisions set out in this Plan constitutes an element of the Participant's corporate office or employment contract. The rights and obligations deriving from the relationship between the Participant and the Company or any Group company shall in no way be affected by the Plan, from which they are completely distinct. Participation in the Plan shall not confer any right relating to the continuation or creation of any corporate office or employment relationship or any right upon termination of any such relationship.

---

| | |
|:---|:---|
| **9** | **Interpretation of the Plan and governing law**  |

---

It will be the responsibility of the Board of Directors to construe the provisions of the Plan, if required, and it may delegate this power to the Chief Executive Officer (other than the Participant) or to the Global Head of Human Resources of the Group.

This Plan is governed by, and shall be construed in accordance with, French law and any claim relating thereto will be subject to the jurisdiction of the courts within the jurisdiction of the Court of Appeal of Paris.

10/14

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![LOGO](g36002dsp051.jpg)

The invalidity or unenforceability of any provision of the Plan shall not affect the validity or enforceability of any other provision of the Plan, and each provision of the Plan shall be severable and enforceable to the extent permitted by law.

If the Annual General Meeting of shareholders does not take the actions required to allow the Board of Directors to make the second grant contemplated herein, or if the Board of Directors does not take the decision required to implement such second grant, the provisions in this Plan relating to the first grant and the related Performance Share Units shall remain in full force and effect, while the provisions of this Plan relating to the second grant and the Performance Share Units to be included in such grant shall be moot and shall have no effect.

<u>Section</u> <u>409A.</u> This Agreement is intended to comply with Section 409A of the Code or an exemption thereunder and shall be construed, interpreted, and administered in a manner that is consistent with the requirements for avoiding additional taxes or penalties under Section 409A of the Code. For purposes of the application of Treasury Regulation § 1.409A-1(b)(4) (or any successor provision), each payment in a series of payments will be deemed a separate payment. This Plan may be amended at any time, without consent of any party, to avoid the application of Section 409A of the Code in a particular circumstance or to the extent necessary or desirable to satisfy any of the requirements thereunder, but the Company shall not be under any obligation to make any such amendment. Notwithstanding the foregoing, the Company makes no representations that any grant, payment or benefit provided pursuant to this Plan and intended to comply with Section 409A of the Code shall so comply. In no event shall the Company be liable to the Participant or any other party if a grant that is intended to be compliant with, or exempt from, Section 409A of the Code is not compliant or exempt, or for any action taken by the Company or the Board of Directors in regard thereto and, for the avoidance of doubt, the Company shall not be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Participant on account of non-compliance with Section 409A of the Code.

Notwithstanding anything to the contrary in this Plan (and unless the Notification Letter specifically provides otherwise), to the extent a grant pursuant to this Plan to the Participant constitutes "deferred compensation" under Code Section 409A and if the Participant is a "specified employee" for purposes of Code Section 409A, no distribution or payment of any amount that is due because of a "separation from service" (as defined in Code Section 409A without regard to alternative definitions thereunder) will be issued or paid before the date that is six (6) months and one day following the date of such Participant's "separation from service" or, if earlier, the date of the Participant's death, unless such distribution or payment can be made in a manner that complies with Code Section 409A, and any amounts so deferred will be paid in a lump sum on the day after such six month period elapses, with the balance paid thereafter on the original schedule.

---

| | |
|:---|:---|
| **10** | **Amendment of the Plan**  |

---

The terms of this Plan may be amended or supplemented by the Board of Directors (i) if it deems such amendment or supplement to be appropriate and not adverse to the interests of the Participant or (ii) by mutual agreement with the Participant, taking into account Article 9 hereof relating to Section 409A of the Code.

11/14

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![LOGO](g36002dsp051.jpg)

In the event of a change in any legal, regulatory or accounting requirements applicable to the Plan, or any change in the interpretation thereof, in particular with respect to the fiscal or social treatment of any rights, payments or Vested Shares granted under the Plan, affecting the Company or the Participant, the terms of the Plan may be amended or supplemented by the Board of Directors, in its discretion and in the manner that it deems appropriate, in response to such change. Furthermore, the Board of Directors may, if it deems the delivery of Vested Shares to the Participant, if the Participant is not a French tax resident, to be impossible or inopportune, choose to pay instead an amount in cash of equivalent value, net of taxes and social charges. The amount and timing of any such payment would be determined by the Board of Directors in its discretion, by reference to the number and timing of any Vested Shares to be otherwise delivered hereunder, to be valued by the Board of Directors on or around the scheduled delivery date, or by reference to an average price over a period preceding such date.

The Participant shall not be entitled to any indemnification for any loss of value and/or increased tax or social costs resulting from any such amendments or supplements to the Plan, irrespective of whether such loss or increase is of general application or is specific to him or her in view of his or her personal situation.

\* \*

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![LOGO](g36002dsp051.jpg)

**Annex 1** 

**Information Notice on the Protection of Personal Data** 

By participating in the Plan, the Participant acknowledges that his or her personal information shall be subject to electronic data processing carried out under the control of the Company, with the assistance of his or her employer, in accordance with French Law n°78-17 of January 6, 1978 on data processing, data files and individual liberties, the EU Regulation on Data Protection (2016/679) of April 27, 2016 ("**GDPR**") and applicable local laws. Such processing is implemented on the basis of legitimate interest (Article 6(1)(f) of the GDPR), because it is necessary for the administration of the Participant's rights under the Plan, and for compliance with legal obligations (Article 6(1)(c) of the GDPR), for all purposes relating to the implementation of the Plan, i.e.:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) administering and maintaining the Participant's records;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) providing information to members of the Group, registrars, brokers or third-party administrators of the Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) providing information to future purchasers of the Company or of the business in which the Participant works;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) transferring information about the Participant to France or to another country or territory outside of his or
her home country and/or of the European Economic Area that may not provide the same statutory protection for the information as the Participant's home country; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) complying with legal obligations.

All personal information subject to electronic data processing is mandatory for participation in the Plan. All such information will be transmitted (and may be transferred to France) to, and used for account administration and electronic storage of this data by, the internal departments of the Group in charge of the management of the Participant's shareholder account, and to external entities designated to manage the same, and to all persons statutorily or expressly authorized by the Company or by the Participant's employer to hold and process this information (in particular the holder of shareholders' accounts), as well as to any future acquirer of the Company or the employing company or the business in which the Participant is working during the term of the Plan. This personal information shall be retained for the time required for the completion of the Plan and for the purposes of the management of the shareholder account, until the Participant sells all his or her DBV Technologies shares under the Plan, and thereafter for archiving purposes until the expiration of the limitation period of any possible litigation relating to the processing of such data.

13/14

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![LOGO](g36002dsp051.jpg)

The Participant will be able to exercise a right to access, to modify and to rectify, as well as to delete (once he or she no longer holds any shares under the Plan) any information relating to him or her. Furthermore, the Participant will have the right to restriction of processing and to object to processing, as well as the right to data portability. The right of data portability shall allow the Participant to recover his or her data directly or to transfer it or have it transferred to another data controller (subject to legal limits). According to French law, the Participant will have a right to define directives in relation to the retention, deletion and communication of his or her personal data after his or her death.

In some countries, local regulations require the express consent of the Participant for the processing and transfer of his or her personal data. In such a case, the Participant consents, under the acceptance procedure, to the collection, use, storage, and transfer of his or her personal data, within the framework of local law. Furthermore, local law may provide that the Participant has the right to withdraw his or her consent for the processing of personal data. However, such personal data is necessary for the processing of participation in the Plan, the holding of shares under the Plan, and the execution of all operations related to the investment. Accordingly, the Participant will be able to exercise his or her right to withdraw consent only when all the shares held under the Plan have been sold.

The Company has appointed a data protection officer, who is responsible for compliance with this notice and can be contacted at the following address: dataprivacy@dbv-technologies.com.

The Participant has the right to lodge a complaint with his or her supervisory authority (in France, the supervisory authority is the CNIL) concerning the protection of personal data.

14/14

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

---

| |
|:---|
| **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**S-8**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**DBV Technologies S.A.**  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Security Type**  | **Security Class Title**  | **Fee Calculation Rule**  | **Amount Registered**  | **Proposed Maximum Offering Price Per Unit**  | **Maximum Aggregate Offering Price**  | **Fee Rate**  | **Amount of Registration Fee**  |
| 1 | Equity | Ordinary Shares, nominal value euro0.10 per share reserved for future issuance upon the exercise of stock options issuable under the 2026 Stock Option Plan | Other | 14062921 | $3.73 | $52454695.33 | 0.0001381 | $7243.99 |
| 2 | Equity | Ordinary Shares, nominal value euro0.10 per share reserved for future issuance upon settlement of free shares issuable under the 2026 Free Share Plan | Other | 14062921 | $3.73 | $52454695.33 | 0.0001381 | $7243.99 |
| 3 | Equity | Ordinary Shares, nominal value euro0.10 per share reserved for future issuance upon the exercise of stock options issuable under the 2026 Performance Share Unit Plan | Other | 4060000 | $3.73 | $15143800.00 | 0.0001381 | $2091.36 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: |  | $120053190.66  |  | $16579.34  |
| Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  |  | $0.00  |
| Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  |  | $16579.34  |

---

 **Offering Note** <br>

<sup>1</sup> (1) These shares may be represented by the Registrant's American Depositary Shares, or ADS. Each ADS represents five Ordinary Shares (the "Ratio"). (2) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement shall also cover any additional of the Registrant's Ordinary Shares that become issuable in respect to of the securities identified in the above table or by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of the Registrant's outstanding Ordinary Shares. (3) Represents ordinary shares that are reserved for future grants under the 2026 Stock Option Plan. These amounts are estimated solely for the purpose of calculating the registration fee. (4) Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(c) and Rule 457(h) of the Securities Act based upon the price of $3.73 per ADS, which was the average of the high and low prices of the ADS as reported on NASDAQ for June 1, 2026, and as adjusted for the Ratio.

<sup>2</sup> (1) See 1 (1) - (2) and (4). (2) Represents ordinary shares that are reserved for future grants under the 2026 Free Share Plan. These amounts are estimated solely for the purpose of calculating the registration fee.

<sup>3</sup> (1) See 1 (1) - (2) and (4). (2) Represents ordinary shares that are reserved for future grants under the 2026 Performance Share Plan. These amounts are estimated solely for the purpose of calculating the registration fee.

---

| |
|:---|
| |
| **Rule 457(p)** |
| Fee Offset Claims |
| Fee Offset Sources |

---