Birkenstock offers to sell 15.7M shares of common stock for holders

Birkenstock (BIRK) announced the commencement of an underwritten secondary public offering of 15,691,399 of BIRKENSTOCK’s ordinary shares to be sold by BK LC Lux MidCo S.a r.l., an entity affiliated with L Catterton. The Selling Shareholder intends to grant the underwriters a 30-day option to purchase up to 1,800,000 additional Ordinary Shares. BIRKENSTOCK is not selling any Ordinary Shares in the offering and will not receive any proceeds from the sale of the Ordinary Shares being offered by the Selling Shareholder. Subject to the completion of this offering, BIRKENSTOCK has authorized the repurchase, by way of redemption from the underwriters, of up to $200 million of Ordinary Shares, which would be 3,691,399 Ordinary Shares based on the last reported share price on the NYSE on May 27, 2025, of $54.18, that are subject to this offering, at a price per share equal to the price paid by the underwriters in the offering, with such redeemed Ordinary Shares to be cancelled and no longer outstanding following the completion of the redemption.