Director Augie K Fabela II filed a Form 4 with the SEC on August 10, 2026, reporting the purchase of 20,000 American Depositary Shares of VEON Ltd. across two trading days, August 6 and August 7, 2026.

Key Highlights

  • Three purchase transactions: 1,174 ADS acquired on August 6 at a weighted average price of $55.3048, 13,826 ADS acquired on August 6 at a weighted average price of $56.0547, and 5,000 ADS acquired on August 7 at a weighted average price of $56.0226.
  • Trust-held shares: All three purchases were made indirectly, held in a trust for which Fabela, as beneficiary and protector, shares voting and investment power through a controlled investment advisor.
  • Post-transaction indirect trust holding: Following the August 7 purchase, the trust held 96,000 ADS of this series.
  • Additional beneficial ownership: The filing also reports 221,013 ADS held directly, 14,093 ADS held by a family office of which the reporting person and his spouse are the sole owners, and 4,768 ADS held in a separate trust.
  • Unvested awards: According to the filing, 180,000 of the directly held ADS "represent unvested conditional awards under the 2021 Deferred Share Plan that are scheduled to vest and be released on 31 May 2027."

VEON Director Fabela Discloses Multi-Transaction ADS Purchases and Full Beneficial Ownership

According to the filing, Augie K Fabela II, identified as a Director of VEON Ltd. (VEON), reported three open-market purchase transactions in the company's American Depositary Shares. On August 6, 2026, 1,174 ADS were acquired at a weighted average price of $55.3048, with individual transaction prices ranging from $54.76 to $55.755. A second purchase on the same date covered 13,826 ADS at a weighted average price of $56.0547, with prices ranging from $55.79 to $56.36. On August 7, 2026, an additional 5,000 ADS were purchased at a weighted average price of $56.0226, with prices ranging from $55.87 to $56.43.

The filing states that all three purchases were made indirectly through a trust in which the reporting person serves as beneficiary and protector and shares voting and investment power through a controlled investment advisor. The reporting person undertakes, per the filing's footnotes, to provide full per-price transaction detail upon request to the issuer, any security holder, or the SEC staff.

Beyond the reported purchases, the filing discloses additional beneficial ownership positions. A total of 221,013 ADS are listed as directly held, of which 180,000 represent unvested conditional awards under the 2021 Deferred Share Plan scheduled to vest on May 31, 2027. A further 14,093 ADS are held by a family office whose sole owners are the reporting person and his spouse, and 4,768 ADS are held in a separate trust under a similar shared voting and investment power arrangement. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The filing reports three purchases of VEON Ltd. ADS totaling 20,000 shares on August 6 and 7, 2026, all held indirectly via trust, along with a full beneficial ownership summary including directly held shares, family office holdings, and unvested deferred share awards.