SEC FORM 3

SEC FORM 3 SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Rabbitt Daniel J.

(Last)

(First)

(Middle)

9200 W. 108TH CIRCLE

(Street)

WESTMINSTER

80021

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2025

3. Issuer Name and Ticker or Trading Symbol
BALL Corp [ BALL ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	S.V.P & C.F.O

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
401K	1,346	D⁽¹⁾
Common Stock	24,135.54	D
Employee Stock Purchase Plan⁽²⁾	3,996.82	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Deferred Compensation	⁽³⁾	⁽³⁾	Common Stock	20,567.9	⁽⁴⁾	D
Restricted Stock Units	⁽⁵⁾	⁽⁵⁾	Common Stock	1,447	⁽⁶⁾	D
Restricted Stock Units	⁽⁷⁾	⁽⁷⁾	Common Stock	1,600	⁽⁸⁾	D
Stock Appreciation Rights (SARS)	01/25/2021	01/25/2027	Common Stock	436	$38.375	D
Stock Option (Right to Buy)⁽⁹⁾	01/24/2018⁽¹⁰⁾	01/24/2028⁽¹¹⁾	Common Stock	10,143	$38.84	D
Stock Option (Right to Buy)⁽⁹⁾	01/23/2019⁽¹⁰⁾	01/23/2029⁽¹¹⁾	Common Stock	7,756	$50.78	D
Stock Option (Right to Buy)⁽⁹⁾	01/29/2020⁽¹⁰⁾	01/29/2030⁽¹¹⁾	Common Stock	6,510	$72.59	D
Stock Option (Right to Buy)⁽⁹⁾	01/27/2021⁽¹⁰⁾	01/27/2031⁽¹¹⁾	Common Stock	5,051	$85.33	D
Stock Option (Right to Buy)⁽⁹⁾	01/26/2022⁽¹⁰⁾	01/26/2032⁽¹¹⁾	Common Stock	4,619	$86.57	D
Stock Option (Right to Buy)⁽⁹⁾	01/25/2023⁽¹⁰⁾	01/25/2033⁽¹¹⁾	Common Stock	5,900	$56.64	D
Stock Option (Right to Buy)⁽⁹⁾	01/24/2024⁽¹⁰⁾	01/24/2034⁽¹¹⁾	Common Stock	5,768	$55.87	D
Stock Option (Right to Buy)⁽⁹⁾	02/21/2025⁽¹⁰⁾	02/21/2035⁽¹¹⁾	Common Stock	4,917	$51.35	D

Explanation of Responses:

1. Total number of 401(k) Plan shares acquired through periodic dividend reinvestment, participant's contributions and employer matching contributions.

2. Common stock held in the Issuer's Employee Stock Purchase Plan. The balance includes any purchases or dividend reinvestments as of the most recent statement date.

3. Stock units in Ball Corporation's Deferred Compensation Company Stock Plan are distributed upon the separation of service in accordance with the Plan.

4. Each unit may be settled for a single share of stock or the equivalent amount of cash pursuant to the Ball Corporation Deferred Compensation Company Stock Plan.

5. Restricted Stock Units awarded under the Ball Corporation Stock and Cash Incentive Plan and will vest on the third anniversary of the award date, subject generally to continued employment through each vesting date.

6. Convert without cost to shares of common stock on a one-for-one basis.

7. The restricted stock units will cliff lapse after four years from the restricted stock unit grant date. The lapsing restrictions may be accelerated by meeting and maintaining the reporting person's stock ownership guidelines. If the stock ownership guidelines are met by the second anniversary of the grant date and are maintained through the accelerated vesting period, then30% of the restriction will lapse on or immediately following the second anniversary of the grant date, 30% of the restriction will lapse on or immediately following the third anniversary of the grant date, and 40% of the restriction will lapse on or immediately following the fourth anniversary of the grant date. Vested shares will be delivered to the reporting person in accordance with the aforementioned terms, or, if the shares are deferred, in accordance with the reporting person's deferral elections or the terms of the Program and/or the applicable Plan.

8. Each restricted stock unit represents a contingent right to receive one share of Ball Corporation Common Stock.

9. Non-Qualified Stock Options granted under the Ball Corporation Stock and Cash Incentive Plan.

10. The stock options were granted under the Ball Corporation Stock and Cash Incentive Plan and will vest in approximately four equal annual installments, beginning on the first anniversary of the award date, subject generally to continued employment through each vesting date.

11. Expires upon termination, with certain grace periods, or ten years after award, whichever is less.

	/s/ Derek Redmond, attorney-in-fact for Mr. Rabbitt	07/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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