Item 1A. Risk Factors

There were no changes required to be reported under Item 1A for the three months ended March 31, 2025.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

The following table summarizes the company’s repurchases of its common stock during the first quarter of 2025.


Purchases of Securities
	Total Number of Shares Purchased (a)	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (a)		Maximum Value of Shares that May Yet Be Purchased Under the Plans or Programs (b)

January 1 to January 31, 2025	4,855,000	$	55.15	4,855,000	$	3,964,369,817
February 1 to February 28, 2025	3,922,686		51.54	3,922,686		3,764,085,064
March 1 to March 31, 2025	1,715,985		52.66	1,715,985		3,674,700,817
Total	10,493,671			10,493,671

(a)	Includes any open market purchases (on a trade-date basis), share repurchase agreements and/or shares retained by the company to settle employee withholding tax liabilities.

(b)	The company has an ongoing repurchase program for which shares are authorized from time to time by Ball’s Board of Directors. On January 29, 2025, the Board approved the repurchase by the company of up to $4.00 billion in shares of its common stock. This repurchase authorization replaced all previous authorizations_._

Item 3. Defaults Upon Senior Securities

There were no events required to be reported under Item 3 for the three months ended March 31, 2025.

Item 4. Mine Safety Disclosures

Not applicable.