SCHEDULE 13D/A 0001930869 XXXXXXXX LIVE 3 Common Stock, par value $0.01 per share 06/09/2025 false 0001856437 926400102 Victoria's Secret & Co.

4 Limited Parkway East Reynoldsburg OH 43068

BRETT BLUNDY 61 2 9285 6700 BBRC INTERNATIONAL PTE LIMITED 3 Phillip Street #09-05 Royal Group Buil Singapore U0 048693 Richard Brand (212) 819-8200 Michelle Rutta White & Case LLP 1221 Avenue of the Americas New York NY 10020 Y BBFIT INVESTMENTS PTE LTD WC N U0 0.00 10310531.00 0.00 10310531.00 10310531.00 N 12.9 CO Y THE BB FAMILY INTERNATIONAL TRUST AF WC N U0 0.00 10310631.00 0.00 10310631.00 10310631.00 N 12.9 OO 0001930869 N BBRC INTERNATIONAL PTE LTD AF N U0 0.00 10310631.00 0.00 10310631.00 10310631.00 N 12.9 CO Y BRETT BLUNDY AF N C3 0.00 10310631.00 0.00 10310631.00 10310631.00 N 12.9 IN Common Stock, par value $0.01 per share Victoria's Secret & Co. 4 Limited Parkway East Reynoldsburg OH 43068 EXPLANATORY NOTE This Amendment No. 3 to Schedule 13D (this "Amendment No. 3") amends and supplements the Schedule 13D filed on February 1, 2024, as amended by Amendment No. 1 filed on March 12, 2025 and Amendment No. 2 filed on April 1, 2025 (collectively, the "Schedule 13D") relating to the common stock, par value $0.01 per share (the "Common Stock"), of Victoria's Secret & Co. (the "Issuer"), a Delaware corporation. Except as specifically provided herein, this Amendment No. 3 does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used herein and not otherwise defined herein shall have the respective meanings assigned to such terms in the Schedule 13D. The aggregate percentage of shares owned by each person named herein is based on 79,838,968 shares of Common Stock outstanding as of April 21, 2025 as reported in the Issuer's definitive proxy statement filed on April 28, 2025. Item 4 of the Schedule 13D is hereby amended and supplemented as follows: On June 9, 2025, BBRC International PTE Limited sent a letter to the Board of Directors of the Issuer, which letter is attached as Exhibit 99.2 to this Schedule 13D filing. Item 7 of the Schedule 13D is hereby amended and supplemented as follows: Exhibit 99.2 Letter to the Board of Directors dated June 9, 2025 BBFIT INVESTMENTS PTE LTD /s/ Brett Blundy 06/10/2025 THE BB FAMILY INTERNATIONAL TRUST /s/ Brett Blundy 06/10/2025 BBRC INTERNATIONAL PTE LTD /s/ Brett Blundy 06/10/2025 BRETT BLUNDY /s/ Brett Blundy 06/10/2025