{"url_path":"/sec/sapgf/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 MAJOR SHAREHOLDERS AND RELATED-PARTY TRANSACTIONS**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-02-26","source_url":"https://www.sec.gov/Archives/edgar/data/1000184/0001104659-26-020058-index.html","accession_number":"0001104659-26-020058","cik":"0001000184","ticker":"SAP","issuer_name":"SAP SE","edgar_url":"https://www.sec.gov/Archives/edgar/data/1000184/0001104659-26-020058-index.html","primary_entity_key":"0001000184","primary_entity_name":"SAP SE"},"word_count":497,"has_tables":true,"body_markdown":"**ITEM 7. MAJOR SHAREHOLDERS AND RELATED-PARTY TRANSACTIONS**\n\n**Major Shareholders**\n\nThe share capital of SAP SE consists of ordinary shares, which are issued only in bearer form. Accordingly, SAP SE generally cannot determine the identity of its shareholders or how many shares a particular shareholder owns. SAP’s ordinary shares are traded in the United States by means of ADRs. Each ADR currently represents one SAP SE ordinary share. On February 5, 2026, based on information provided by the Depositary there were 77,900,591 ADRs held of record by 587 registered holders. The ordinary shares underlying such ADRs represented 6.34% of the then-outstanding ordinary shares (including treasury stock). Because SAP’s ordinary shares are issued in bearer form only, we are unable to determine the number of ordinary shares directly held by persons with U.S. addresses.\n\nThe following table sets forth certain information regarding the beneficial ownership of the ordinary shares to the extent known to SAP as of February 5, 2026 of: (i) each person or group known by SAP SE to own beneficially 5% or more of the outstanding ordinary shares; and (ii) the beneficial ownership of all individuals who are currently members of the Supervisory Board and all members of the Executive Board, individually and as a group, in each case as reported to SAP SE by such persons. There was, as far as we are able to tell given the nature of our shares, no significant change in the percentage ownership held by any major shareholder during the past three years. None of the major shareholders have special voting rights.\n\n**Major Shareholders**\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Ordinary Shares Beneficially Owned**\n\n​\n\n  ​ ​ ​\n\nNumber\n\n  ​ ​ ​\n\n% of Outstanding\n\n**Dietmar Hopp, collectively**1\n\n \n\n62,548,065\n\n​\n\n5.1\n\nExecutive Board Members as a group (6 persons)\n\n \n\n60,079\n\n​\n\n0.0\n\nSupervisory Board Members as a group (18 persons)\n\n \n\n23,247\n\n​\n\n0.0\n\n**Executive Board Members and Supervisory Board Members as a group (24 persons)**2\n\n \n\n83,326\n\n​\n\n0.0\n\nBlackRock, Inc.3\n\n \n\n76,782,227\n\n​\n\n6.3\n\n​\n\n1 The foregoing information is based on a Schedule 13G filed by Dietmar Hopp and other affiliated persons and companies on February 11, 2022.\n\n2 We believe that each of the members of the Supervisory Board and the Executive Board beneficially owns less than 1% of SAP SE’s ordinary shares as of February 5, 2026.\n\n3 As required under German law, BlackRock, Inc. informed SAP that they own more than 5% of SAP’s outstanding ordinary shares. BlackRock, Inc. is not required to provide SAP with the number of shares owned as of February 5, 2026, and has not provided such information. The foregoing information is based on a Schedule 13G filed by BlackRock, Inc. on February 2, 2024.\n\n​\n\nCurrently we are not aware of any arrangements, the operation of which may, at a subsequent date, result in a change in control of the company.\n\n**Related-Party Transactions**\n\nFor information on related-party transactions see Note (G.6) to our Consolidated Financial Statements.\n\n101\n\n[Table of Contents](#TOC)"}