SEC FORM 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person ^*

Abivardi Signer Golnar

(Last)

(First)

(Middle)

GUBELSTRASSE 24

(Street)

ZUG

6300

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
vVARDIS Holding AG [ VVVV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Co-CEO, Co-Founder & Co-Chair

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	11/13/2026		J⁽¹⁾		8,502,386	D	⁽¹⁾	0	D
Class A Ordinary Shares	11/13/2026		J⁽¹⁾		8,502,386	A	⁽¹⁾	8,502,386	D
Class A Ordinary Shares	11/13/2026		J⁽³⁾		1,857,781	A	⁽³⁾	10,360,167	D
Class A Ordinary Shares	11/13/2026		A⁽⁷⁾		50,000	A	⁽⁷⁾	10,410,167	D
Ordinary Shares	11/13/2026		J⁽¹⁾		16,913,905 ⁽¹⁾	D	⁽¹⁾	0	I	By vVardis Investment Holding AG ⁽⁴⁾
Class A Ordinary Shares	11/13/2026		J⁽¹⁾		16,913,905 ⁽¹⁾	A	⁽¹⁾	16,913,905	I	By vVardis Investment Holding AG ⁽⁴⁾
Class A Ordinary Shares	11/13/2026		J⁽³⁾		1,750,000	A	⁽³⁾	18,663,905	I	By vVardis Investment Holding AG ⁽⁴⁾
Class A Ordinary Shares	11/13/2026		D⁽⁵⁾		14,388,879	D	⁽⁵⁾	4,275,026	I	By vVardis Investment Holding AG ⁽⁴⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Preferred Shares	⁽²⁾	11/13/2026		J⁽³⁾			1,857,781	⁽²⁾	⁽²⁾	Class A Ordinary Shares	1,857,781	⁽²⁾	0	D
Class A Preferred Shares	⁽²⁾	11/13/2026		J⁽³⁾			1,750,000	⁽²⁾	⁽²⁾	Class A Ordinary Shares	1,750,000	⁽²⁾	0	I	By vVardis Investment Holding AG ⁽⁴⁾
Class B Ordinary Shares	⁽⁵⁾	11/13/2026		A⁽⁵⁾		143,888,790		⁽⁶⁾	⁽⁶⁾	Class A Ordinary Shares	14,388,879	⁽⁶⁾	143,888,790	I	By vVardis Investment Holding AG ⁽⁴⁾

Explanation of Responses:

1. The reporting person, jointly with Haleh Abivardi, owns the Ordinary Shares as tenants in common. All of these shares are deemed to be beneficially owned by the reporting person. Pursuant to a reclassification exempt under Rule 16b-7, each Ordinary Share held by the reporting person will be reclassified into one Class A Ordinary Share (the "Reclassification"). No adjustments were made to the number of shares held by the reporting person.

2. The reporting person, jointly with Haleh Abivardi, owns the Class A Preferred Shares as tenants in common. All of these shares are deemed to be beneficially owned by the reporting person. Each Class A Preferred Share is convertible into one Class A Ordinary Share on a one-for-one basis and has no expiration date.

3. Pursuant to the Reclassification, each Class A Preferred Share was reclassified into one Class A Ordinary Share. No adjustments were made to the number of shares held by the reporting person.

4. The reporting person, and, jointly with Haleh Abivardi, has controlling voting and dispositive power with regard to the shares held by vVardis Investment Holding AG. The reporting person disclaims beneficial ownership of such securities for purposes of Section 16, except to the extent of her pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by her for Section 16 or any other purpose.

5. Immediately after the Reclassification, 14,388,879 Class A Ordinary Shares held indirectly by the reporting person will be exchanged for 143,888,790 Class B Ordinary Shares.

6. Each Class B Ordinary Share is convertible into a Class A Ordinary Share on a ten-for-one basis upon consent of the concerned Class B shareholder(s), the approval of the general meeting of shareholders and a corresponding amendment of the articles of association.

7. Represents 50,000 Class A Ordinary Shares underlying restricted stock units ("RSUs"). The reporting person, jointly with Haleh Abivardi, owns the RSUs as tenants in common. All of these RSUs are deemed to be beneficially owned by the reporting person. RSUs were granted and fully vested on the date hereof. Each RSU represents a contingent right to receive one Class A Ordinary Share and has no expiration date.

	/s/ Keith Koford, attorney-in-fact for Golnar Abivardi	11/13/2026
	** Signature of Reporting Person	Date
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