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SAP SE 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated October 18, 2026.

  • 62Reported items
  • 535Asset managers
  • 9,074Fund votes
  • May 5, 2026Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from SAP SE has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore SAP SE in the interactive database Compare manager voting policies

How asset managers voted at the SAP SE 2025-2026 meeting

Each item below shows how the 535 asset managers that disclosed a SAP SE vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of SAP SE’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. ELECT MICHAEL GREGOIRE TO THE SUPERVISORY BOARD

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.7% of fund votes cast · no official result

FOR
Details: votes by 145 asset managers

The 145 asset managers below reported 142,593,470 for, 357,110 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 142,593,470AGAINST: 357,110
Largest asset managers voting on “ELECT MICHAEL GREGOIRE TO THE SUPERVISORY BOARD” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,628,8460 00For
BlackRock22,251,0610 00For
Capital Group16,072,4430 00For
Fidelity12,987,0030 00For
MFS9,909,1750 00For
EUPAC FUND7,287,4540 00For
Six Circles Trust4,080,4480 00For
TIAA3,837,0900 00For
State Street2,864,0380 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST2,730,1770 00For
T. Rowe Price2,498,8540 00For
Investment Managers Series Trust1,853,1300 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,708,4000 00For
JPMorgan1,508,0050 00For
Bridge Builder Trust1,374,1760 00For
GMO1,306,8700 00For
Equitable986,5550 00For
Invesco983,5680 00For
NEW ECONOMY FUND956,4690 00For
Jackson National896,9870 00For
JANUS INVESTMENT FUND716,0720 00For
Columbia Threadneedle686,5180 00For
Morgan Stanley582,17515,416 00For
Thornburg587,5710 00For
BNY Mellon553,4520 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

2. ELECT PEKKA ALA-PIETILA TO THE SUPERVISORY BOARD

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.6% of fund votes cast · no official result

FOR
Details: votes by 145 asset managers

The 145 asset managers below reported 142,448,984 for, 498,626 against, 2,970 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 142,448,984AGAINST: 498,626ABSTAIN: 2,970
Largest asset managers voting on “ELECT PEKKA ALA-PIETILA TO THE SUPERVISORY BOARD” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,628,8460 00For
BlackRock22,251,0610 00For
Capital Group16,072,4430 00For
Fidelity12,987,0030 00For
MFS9,909,1750 00For
EUPAC FUND7,287,4540 00For
Six Circles Trust4,080,4480 00For
TIAA3,837,0900 00For
State Street2,864,0380 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST2,730,1770 00For
T. Rowe Price2,498,8540 00For
Investment Managers Series Trust1,853,1300 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,708,4000 00For
JPMorgan1,508,0050 00For
Bridge Builder Trust1,374,1760 00For
GMO1,306,8700 00For
Equitable983,5850 2,9700For
Invesco952,05031,518 00For
NEW ECONOMY FUND956,4690 00For
Jackson National896,9870 00For
JANUS INVESTMENT FUND716,0720 00For
Columbia Threadneedle686,5180 00For
Morgan Stanley582,17515,416 00For
Thornburg587,5710 00For
BNY Mellon553,4520 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

3. ELECT RENE OBERMANN TO THE SUPERVISORY BOARD

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.7% of fund votes cast · no official result

FOR
Details: votes by 145 asset managers

The 145 asset managers below reported 142,593,470 for, 357,110 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 142,593,470AGAINST: 357,110
Largest asset managers voting on “ELECT RENE OBERMANN TO THE SUPERVISORY BOARD” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,628,8460 00For
BlackRock22,251,0610 00For
Capital Group16,072,4430 00For
Fidelity12,987,0030 00For
MFS9,909,1750 00For
EUPAC FUND7,287,4540 00For
Six Circles Trust4,080,4480 00For
TIAA3,837,0900 00For
State Street2,864,0380 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST2,730,1770 00For
T. Rowe Price2,498,8540 00For
Investment Managers Series Trust1,853,1300 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,708,4000 00For
JPMorgan1,508,0050 00For
Bridge Builder Trust1,374,1760 00For
GMO1,306,8700 00For
Equitable986,5550 00For
Invesco983,5680 00For
NEW ECONOMY FUND956,4690 00For
Jackson National896,9870 00For
JANUS INVESTMENT FUND716,0720 00For
Columbia Threadneedle686,5180 00For
Morgan Stanley582,17515,416 00For
Thornburg587,5710 00For
BNY Mellon553,4520 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

4. ELECT ROUVEN WESTPHAL TO THE SUPERVISORY BOARD

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.6% of fund votes cast · no official result

FOR
Details: votes by 145 asset managers

The 145 asset managers below reported 142,478,687 for, 471,893 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 142,478,687AGAINST: 471,893
Largest asset managers voting on “ELECT ROUVEN WESTPHAL TO THE SUPERVISORY BOARD” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,628,8460 00For
BlackRock22,251,0610 00For
Capital Group16,072,4430 00For
Fidelity12,987,0030 00For
MFS9,909,1750 00For
EUPAC FUND7,287,4540 00For
Six Circles Trust4,080,4480 00For
TIAA3,837,0900 00For
State Street2,864,0380 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST2,730,1770 00For
T. Rowe Price2,498,8540 00For
Investment Managers Series Trust1,853,1300 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,708,4000 00For
JPMorgan1,508,0050 00For
Bridge Builder Trust1,374,1760 00For
GMO1,306,8700 00For
Equitable983,5852,970 00For
Invesco983,5680 00For
NEW ECONOMY FUND956,4690 00For
Jackson National896,9870 00For
JANUS INVESTMENT FUND716,0720 00For
Columbia Threadneedle686,5180 00For
Morgan Stanley582,17515,416 00For
Thornburg587,5710 00For
BNY Mellon553,4520 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

5. ELECTION OF SUPERVISORY BOARD MEMBER: DR. ROUVEN WESTPHAL

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 554,484 for, 10,032 abstained, 16 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 554,484ABSTAIN: 10,032UNKNOWN: 16
Largest asset managers voting on “ELECTION OF SUPERVISORY BOARD MEMBER: DR. ROUVEN WESTPHAL” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC245,6310 00For
BUFFALO FUNDS75,0000 00For
Brown Advisory Funds60,0300 00For
ETF Opportunities Trust41,0420 00For
HARDING LOEVNER FUNDS INC26,7940 00For
Jackson National17,6500 00For
SATURNA INVESTMENT TRUST16,8550 00For
Loomis Sayles16,1120 00For
TRUST FOR PROFESSIONAL MANAGERS10,2850 00For
ALLIED ASSET ADVISORS FUNDS00 10,0320Abstain
Ultimus Managers Trust8,7050 00For
Investment Managers Series Trust8,2680 00For
Elevation Series Trust7,3040 00For
Gabelli4,5000 00For
WILLIAMSBURG INVESTMENT TRUST3,9230 00For
RBB FUND, INC.3,8210 00For
ETF Series Solutions2,3790 00For
Precidian ETFs Trust1,7970 00For
Tidal Trust I1,3200 00For
EA Series Trust1,1170 00For
Gateway Trust8190 00For
Natixis4940 00For
Multi-Select Securities Fund for Puerto Rico Residents2460 00For
Calamos1780 00For
REYNOLDS FUNDS INC1750 00For

Showing the 25 largest of 27 asset managers. See all 27 in the interactive database.

6. Election of Supervisory Board member: Dr.h.c.mult. Pekka Ala-Pietilä

No official resultsDIRECTOR ELECTIONS

Combines 5 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 554,484 for, 10,032 abstained, 16 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 554,484ABSTAIN: 10,032UNKNOWN: 16
Largest asset managers voting on “Election of Supervisory Board member: Dr.h.c.mult. Pekka Ala-Pietilä” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC245,6310 00For
BUFFALO FUNDS75,0000 00For
Brown Advisory Funds60,0300 00For
ETF Opportunities Trust41,0420 00For
HARDING LOEVNER FUNDS INC26,7940 00For
Jackson National17,6500 00For
SATURNA INVESTMENT TRUST16,8550 00For
Loomis Sayles16,1120 00For
TRUST FOR PROFESSIONAL MANAGERS10,2850 00For
ALLIED ASSET ADVISORS FUNDS00 10,0320Abstain
Ultimus Managers Trust8,7050 00For
Investment Managers Series Trust8,2680 00For
Elevation Series Trust7,3040 00For
Gabelli4,5000 00For
WILLIAMSBURG INVESTMENT TRUST3,9230 00For
RBB FUND, INC.3,8210 00For
ETF Series Solutions2,3790 00For
Precidian ETFs Trust1,7970 00For
Tidal Trust I1,3200 00For
EA Series Trust1,1170 00For
Gateway Trust8190 00For
Natixis4940 00For
Multi-Select Securities Fund for Puerto Rico Residents2460 00For
Calamos1780 00For
REYNOLDS FUNDS INC1750 00For

Showing the 25 largest of 27 asset managers. See all 27 in the interactive database.

7. ELECTION OF SUPERVISORY BOARD MEMBER: MICHAEL GREGOIRE

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 554,484 for, 10,032 abstained, 16 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 554,484ABSTAIN: 10,032UNKNOWN: 16
Largest asset managers voting on “ELECTION OF SUPERVISORY BOARD MEMBER: MICHAEL GREGOIRE” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC245,6310 00For
BUFFALO FUNDS75,0000 00For
Brown Advisory Funds60,0300 00For
ETF Opportunities Trust41,0420 00For
HARDING LOEVNER FUNDS INC26,7940 00For
Jackson National17,6500 00For
SATURNA INVESTMENT TRUST16,8550 00For
Loomis Sayles16,1120 00For
TRUST FOR PROFESSIONAL MANAGERS10,2850 00For
ALLIED ASSET ADVISORS FUNDS00 10,0320Abstain
Ultimus Managers Trust8,7050 00For
Investment Managers Series Trust8,2680 00For
Elevation Series Trust7,3040 00For
Gabelli4,5000 00For
WILLIAMSBURG INVESTMENT TRUST3,9230 00For
RBB FUND, INC.3,8210 00For
ETF Series Solutions2,3790 00For
Precidian ETFs Trust1,7970 00For
Tidal Trust I1,3200 00For
EA Series Trust1,1170 00For
Gateway Trust8190 00For
Natixis4940 00For
Multi-Select Securities Fund for Puerto Rico Residents2460 00For
Calamos1780 00For
REYNOLDS FUNDS INC1750 00For

Showing the 25 largest of 27 asset managers. See all 27 in the interactive database.

8. Elect Michael P. Gregoire

No official resultsDIRECTOR ELECTIONS

98% of fund votes cast · no official result

FOR
Details: votes by 24 asset managers

The 24 asset managers below reported 1,670,327 for, 40,500 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,670,327AGAINST: 40,500
Largest asset managers voting on “Elect Michael P. Gregoire” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Global X599,4790 00For
SEI369,1160 00For
Datum One Series Trust343,7780 00For
Russell Investments72,1390 00For
2023 ETF Series Trust54,4870 00For
Neuberger Berman50,1170 00For
DOMINI INVESTMENT TRUST040,500 00Against
Mercer Funds24,2700 00For
Morgan Stanley19,5410 00For
Equitable16,4450 00For
SEI Exchange Traded Funds16,1150 00For
Brighthouse15,7970 00For
Morningstar Funds Trust15,5210 00For
Nationwide15,1540 00For
Vanguard13,0000 00For
Fidelity12,8840 00For
Federated Hermes10,2040 00For
Victory Capital9,2890 00For
Northwestern Mutual6,3890 00For
New York Life2,0550 00For
Adviser Managed Trust1,9200 00For
Prudential/PGIM1,3730 00For
Forethought Variable Insurance Trust8340 00For
Northern Lights Fund Trust IV4200 00For

9. Elect Rouven Westphal

No official resultsDIRECTOR ELECTIONS

96% of fund votes cast · no official result

FOR
Details: votes by 24 asset managers

The 24 asset managers below reported 1,646,812 for, 64,015 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,646,812AGAINST: 64,015
Largest asset managers voting on “Elect Rouven Westphal” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Global X599,4790 00For
SEI369,1160 00For
Datum One Series Trust343,7780 00For
Russell Investments72,1390 00For
2023 ETF Series Trust54,4870 00For
Neuberger Berman50,1170 00For
DOMINI INVESTMENT TRUST040,500 00Against
Mercer Funds24,2700 00For
Morgan Stanley019,541 00Against
Equitable16,4450 00For
SEI Exchange Traded Funds16,1150 00For
Brighthouse15,7970 00For
Morningstar Funds Trust15,5210 00For
Nationwide11,1803,974 00Mixed
Vanguard13,0000 00For
Fidelity12,8840 00For
Federated Hermes10,2040 00For
Victory Capital9,2890 00For
Northwestern Mutual6,3890 00For
New York Life2,0550 00For
Adviser Managed Trust1,9200 00For
Prudential/PGIM1,3730 00For
Forethought Variable Insurance Trust8340 00For
Northern Lights Fund Trust IV4200 00For

10. Elect Pekka Ala-Pietila

No official resultsDIRECTOR ELECTIONS

97% of fund votes cast · no official result

FOR
Details: votes by 23 asset managers

The 23 asset managers below reported 1,659,515 for, 50,892 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,659,515AGAINST: 50,892
Largest asset managers voting on “Elect Pekka Ala-Pietila” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Global X599,4790 00For
SEI358,72410,392 00For
Datum One Series Trust343,7780 00For
Russell Investments72,1390 00For
2023 ETF Series Trust54,4870 00For
Neuberger Berman50,1170 00For
DOMINI INVESTMENT TRUST040,500 00Against
Mercer Funds24,2700 00For
Morgan Stanley19,5410 00For
Equitable16,4450 00For
SEI Exchange Traded Funds16,1150 00For
Brighthouse15,7970 00For
Morningstar Funds Trust15,5210 00For
Nationwide15,1540 00For
Vanguard13,0000 00For
Fidelity12,8840 00For
Federated Hermes10,2040 00For
Victory Capital9,2890 00For
Northwestern Mutual6,3890 00For
New York Life2,0550 00For
Adviser Managed Trust1,9200 00For
Prudential/PGIM1,3730 00For
Forethought Variable Insurance Trust8340 00For

11. Elect Rene Obermann

No official resultsDIRECTOR ELECTIONS

98% of fund votes cast · no official result

FOR
Details: votes by 23 asset managers

The 23 asset managers below reported 1,669,907 for, 40,500 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,669,907AGAINST: 40,500
Largest asset managers voting on “Elect Rene Obermann” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Global X599,4790 00For
SEI369,1160 00For
Datum One Series Trust343,7780 00For
Russell Investments72,1390 00For
2023 ETF Series Trust54,4870 00For
Neuberger Berman50,1170 00For
DOMINI INVESTMENT TRUST040,500 00Against
Mercer Funds24,2700 00For
Morgan Stanley19,5410 00For
Equitable16,4450 00For
SEI Exchange Traded Funds16,1150 00For
Brighthouse15,7970 00For
Morningstar Funds Trust15,5210 00For
Nationwide15,1540 00For
Vanguard13,0000 00For
Fidelity12,8840 00For
Federated Hermes10,2040 00For
Victory Capital9,2890 00For
Northwestern Mutual6,3890 00For
New York Life2,0550 00For
Adviser Managed Trust1,9200 00For
Prudential/PGIM1,3730 00For
Forethought Variable Insurance Trust8340 00For

12. Election of Supervisory Board member: René Obermann

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 22 asset managers

The 22 asset managers below reported 488,025 for, 10,032 abstained, 16 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 488,025ABSTAIN: 10,032UNKNOWN: 16
Largest asset managers voting on “Election of Supervisory Board member: René Obermann” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC245,6310 00For
BUFFALO FUNDS75,0000 00For
Brown Advisory Funds60,0300 00For
HARDING LOEVNER FUNDS INC26,7940 00For
Jackson National17,6500 00For
SATURNA INVESTMENT TRUST16,8550 00For
Loomis Sayles16,1120 00For
TRUST FOR PROFESSIONAL MANAGERS10,2850 00For
ALLIED ASSET ADVISORS FUNDS00 10,0320Abstain
Elevation Series Trust7,3040 00For
WILLIAMSBURG INVESTMENT TRUST3,9230 00For
ETF Series Solutions2,3790 00For
Precidian ETFs Trust1,7970 00For
Tidal Trust I1,3200 00For
EA Series Trust1,1170 00For
Gateway Trust8190 00For
Natixis4940 00For
Calamos1780 00For
REYNOLDS FUNDS INC1750 00For
Multi-Select Securities Fund for Puerto Rico Residents1230 00For
KKM Financial LLC390 00For
ZEVIN ASSET MANAGEMENT LLC00 00--

13. Elections of Supervisory Board members - Dr. Rouven Westphal

No official resultsDIRECTOR ELECTIONS

60% of fund votes cast · no official result

FORAGAINST
Details: votes by 16 asset managers

The 16 asset managers below reported 4,554,109 for, 3,074,129 against, 17,916 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 4,554,109AGAINST: 3,074,129ABSTAIN: 17,916
Largest asset managers voting on “Elections of Supervisory Board members - Dr. Rouven Westphal” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab3,285,6370 00For
Vanguard8,6781,858,670 00Against
Hartford373,2581,212,875 00Mixed
Russell Investments238,5030 00For
Prudential/PGIM211,6380 00For
Global X137,7150 00For
Mercer Funds112,7630 00For
Venerable Variable Insurance Trust50,2680 00For
SEI48,0120 00For
Fidelity45,4590 00For
Touchstone ETF Trust20,5820 00For
Brighthouse02,584 17,9160Mixed
VanEck ETF Trust12,6270 00For
Neuberger Berman4,3080 00For
Federated Hermes2,3360 00For
PACE SELECT ADVISORS TRUST2,3250 00For

14. AMEND ARTICLES RE: ELECTRONIC SECURITIES

No official resultsCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 145 asset managers

The 145 asset managers below reported 142,950,580 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 142,950,580
Largest asset managers voting on “AMEND ARTICLES RE: ELECTRONIC SECURITIES” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,628,8460 00For
BlackRock22,251,0610 00For
Capital Group16,072,4430 00For
Fidelity12,987,0030 00For
MFS9,909,1750 00For
EUPAC FUND7,287,4540 00For
Six Circles Trust4,080,4480 00For
TIAA3,837,0900 00For
State Street2,864,0380 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST2,730,1770 00For
T. Rowe Price2,498,8540 00For
Investment Managers Series Trust1,853,1300 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,708,4000 00For
JPMorgan1,508,0050 00For
Bridge Builder Trust1,374,1760 00For
GMO1,306,8700 00For
Equitable986,5550 00For
Invesco983,5680 00For
NEW ECONOMY FUND956,4690 00For
Jackson National896,9870 00For
JANUS INVESTMENT FUND716,0720 00For
Columbia Threadneedle686,5180 00For
Morgan Stanley597,5910 00For
Thornburg587,5710 00For
BNY Mellon553,4520 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

15. Amendment to Article 4(3) of the Articles of Incorporation to enable the issuance of electronic shares

No official resultsCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 45 asset managers

The 45 asset managers below reported 8,178,236 for, 32,448 abstained, 45 mixed, 16 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 8,178,236ABSTAIN: 32,448MIXED: 45UNKNOWN: 16
Largest asset managers voting on “Amendment to Article 4(3) of the Articles of Incorporation to enable the issuance of electronic shares” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab3,285,6370 00For
Vanguard1,867,3480 00For
Hartford1,586,1330 00For
SEQUOIA FUND INC245,6310 00For
Russell Investments238,5030 00For
Prudential/PGIM211,6380 00For
Global X137,7150 00For
Mercer Funds112,7630 00For
BUFFALO FUNDS75,0000 00For
Brown Advisory Funds60,0300 00For
Venerable Variable Insurance Trust50,2680 00For
SEI48,0120 00For
Fidelity45,4590 00For
ETF Opportunities Trust41,0420 00For
HARDING LOEVNER FUNDS INC26,7940 00For
Touchstone ETF Trust20,5820 00For
Brighthouse2,5840 17,9160Mixed
Jackson National17,6500 00For
SATURNA INVESTMENT TRUST16,8550 00For
Loomis Sayles16,1120 00For
VanEck ETF Trust12,6270 00For
TRUST FOR PROFESSIONAL MANAGERS10,2850 00For
ALLIED ASSET ADVISORS FUNDS00 10,0320Abstain
Ultimus Managers Trust8,7050 00For
Investment Managers Series Trust8,2680 00For

Showing the 25 largest of 45 asset managers. See all 45 in the interactive database.

16. Resolution on the cancelation of the existing authorization and the granting of a new authorization of the Executive…

No official resultsCAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: description as filed, votes by 30 asset managers

Description as filed by funds: Resolution on the cancelation of the existing authorization and the granting of a new authorization of the Executive Board to issue convertible and/or warrantlinked bonds, profit sharing rights and/or income bonds (or combinations of these instruments), the option to exclude shareholders' subscription rights, the cancelation of Contingent Capital I and the creation of new contingent capital and the corresponding amendment to Article 4(7) of the Articles of Incorporation

The 30 asset managers below reported 554,498 for, 51 against, 10,032 abstained, 45 mixed, 16 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 554,498AGAINST: 51ABSTAIN: 10,032MIXED: 45UNKNOWN: 16
Largest asset managers voting on “Resolution on the cancelation of the existing authorization and the granting of a new authorization of the Exe” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC245,6310 00For
BUFFALO FUNDS75,0000 00For
Brown Advisory Funds60,0300 00For
ETF Opportunities Trust41,0420 00For
HARDING LOEVNER FUNDS INC26,7940 00For
Jackson National17,6500 00For
SATURNA INVESTMENT TRUST16,8550 00For
Loomis Sayles16,1120 00For
TRUST FOR PROFESSIONAL MANAGERS10,2850 00For
ALLIED ASSET ADVISORS FUNDS00 10,0320Abstain
Ultimus Managers Trust8,7050 00For
Investment Managers Series Trust8,2680 00For
Elevation Series Trust7,3040 00For
Gabelli4,5000 00For
WILLIAMSBURG INVESTMENT TRUST3,9230 00For
RBB FUND, INC.3,8210 00For
ETF Series Solutions2,3790 00For
Precidian ETFs Trust1,7970 00For
Tidal Trust I1,3200 00For
EA Series Trust1,1170 00For
Gateway Trust8190 00For
Natixis4940 00For
Multi-Select Securities Fund for Puerto Rico Residents2460 00For
Calamos1780 00For
REYNOLDS FUNDS INC1750 00For

Showing the 25 largest of 30 asset managers. See all 30 in the interactive database.

17. Amendments to Articles (Electronic Shares)

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 24 asset managers

The 24 asset managers below reported 1,710,827 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,710,827
Largest asset managers voting on “Amendments to Articles (Electronic Shares)” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Global X599,4790 00For
SEI369,1160 00For
Datum One Series Trust343,7780 00For
Russell Investments72,1390 00For
2023 ETF Series Trust54,4870 00For
Neuberger Berman50,1170 00For
DOMINI INVESTMENT TRUST40,5000 00For
Mercer Funds24,2700 00For
Morgan Stanley19,5410 00For
Equitable16,4450 00For
SEI Exchange Traded Funds16,1150 00For
Brighthouse15,7970 00For
Morningstar Funds Trust15,5210 00For
Nationwide15,1540 00For
Vanguard13,0000 00For
Fidelity12,8840 00For
Federated Hermes10,2040 00For
Victory Capital9,2890 00For
Northwestern Mutual6,3890 00For
New York Life2,0550 00For
Adviser Managed Trust1,9200 00For
Prudential/PGIM1,3730 00For
Forethought Variable Insurance Trust8340 00For
Northern Lights Fund Trust IV4200 00For

18. APPROVE ISSUANCE OF WARRANTS/BONDS WITH WARRANTS ATTACHED/CONVERTIBLE BONDS WITHOUT PREEMPTIVE RIGHTS UP TO AGGREGATE…

No official resultsCAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: description as filed, votes by 145 asset managers

Description as filed by funds: APPROVE ISSUANCE OF WARRANTS/BONDS WITH WARRANTS ATTACHED/CONVERTIBLE BONDS WITHOUT PREEMPTIVE RIGHTS UP TO AGGREGATE NOMINAL AMOUNT OF EUR 10 BILLION; APPROVE CREATION OF EUR 100 MILLION POOL OF CAPITAL TO GUARANTEE CONVERSION RIGHTS

The 145 asset managers below reported 142,945,736 for, 4,844 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 142,945,736AGAINST: 4,844
Largest asset managers voting on “APPROVE ISSUANCE OF WARRANTS/BONDS WITH WARRANTS ATTACHED/CONVERTIBLE BONDS WITHOUT PREEMPTIVE RIGHTS UP TO AG” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,628,8460 00For
BlackRock22,251,0610 00For
Capital Group16,072,4430 00For
Fidelity12,987,0030 00For
MFS9,909,1750 00For
EUPAC FUND7,287,4540 00For
Six Circles Trust4,080,4480 00For
TIAA3,837,0900 00For
State Street2,864,0380 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST2,730,1770 00For
T. Rowe Price2,498,8540 00For
Investment Managers Series Trust1,853,1300 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,708,4000 00For
JPMorgan1,508,0050 00For
Bridge Builder Trust1,374,1760 00For
GMO1,306,8700 00For
Equitable986,5550 00For
Invesco983,5680 00For
NEW ECONOMY FUND956,4690 00For
Jackson National896,9870 00For
JANUS INVESTMENT FUND716,0720 00For
Columbia Threadneedle686,5180 00For
Morgan Stanley597,5910 00For
Thornburg587,5710 00For
BNY Mellon553,4520 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

19. Authority to Issue Convertible Debt Instruments; Increase in Conditional Capital

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 24 asset managers

The 24 asset managers below reported 1,710,827 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,710,827
Largest asset managers voting on “Authority to Issue Convertible Debt Instruments; Increase in Conditional Capital” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Global X599,4790 00For
SEI369,1160 00For
Datum One Series Trust343,7780 00For
Russell Investments72,1390 00For
2023 ETF Series Trust54,4870 00For
Neuberger Berman50,1170 00For
DOMINI INVESTMENT TRUST40,5000 00For
Mercer Funds24,2700 00For
Morgan Stanley19,5410 00For
Equitable16,4450 00For
SEI Exchange Traded Funds16,1150 00For
Brighthouse15,7970 00For
Morningstar Funds Trust15,5210 00For
Nationwide15,1540 00For
Vanguard13,0000 00For
Fidelity12,8840 00For
Federated Hermes10,2040 00For
Victory Capital9,2890 00For
Northwestern Mutual6,3890 00For
New York Life2,0550 00For
Adviser Managed Trust1,9200 00For
Prudential/PGIM1,3730 00For
Forethought Variable Insurance Trust8340 00For
Northern Lights Fund Trust IV4200 00For

20. APPROVE ALLOCATION OF INCOME AND DIVIDENDS OF EUR 2.50 PER SHARE

No official resultsCAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 145 asset managers

The 145 asset managers below reported 142,950,580 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 142,950,580
Largest asset managers voting on “APPROVE ALLOCATION OF INCOME AND DIVIDENDS OF EUR 2.50 PER SHARE” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,628,8460 00For
BlackRock22,251,0610 00For
Capital Group16,072,4430 00For
Fidelity12,987,0030 00For
MFS9,909,1750 00For
EUPAC FUND7,287,4540 00For
Six Circles Trust4,080,4480 00For
TIAA3,837,0900 00For
State Street2,864,0380 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST2,730,1770 00For
T. Rowe Price2,498,8540 00For
Investment Managers Series Trust1,853,1300 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,708,4000 00For
JPMorgan1,508,0050 00For
Bridge Builder Trust1,374,1760 00For
GMO1,306,8700 00For
Equitable986,5550 00For
Invesco983,5680 00For
NEW ECONOMY FUND956,4690 00For
Jackson National896,9870 00For
JANUS INVESTMENT FUND716,0720 00For
Columbia Threadneedle686,5180 00For
Morgan Stanley597,5910 00For
Thornburg587,5710 00For
BNY Mellon553,4520 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

21. APPROVE DISCHARGE OF MANAGEMENT BOARD FOR FISCAL YEAR 2025

No official resultsCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 145 asset managers

The 145 asset managers below reported 142,950,580 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 142,950,580
Largest asset managers voting on “APPROVE DISCHARGE OF MANAGEMENT BOARD FOR FISCAL YEAR 2025” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,628,8460 00For
BlackRock22,251,0610 00For
Capital Group16,072,4430 00For
Fidelity12,987,0030 00For
MFS9,909,1750 00For
EUPAC FUND7,287,4540 00For
Six Circles Trust4,080,4480 00For
TIAA3,837,0900 00For
State Street2,864,0380 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST2,730,1770 00For
T. Rowe Price2,498,8540 00For
Investment Managers Series Trust1,853,1300 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,708,4000 00For
JPMorgan1,508,0050 00For
Bridge Builder Trust1,374,1760 00For
GMO1,306,8700 00For
Equitable986,5550 00For
Invesco983,5680 00For
NEW ECONOMY FUND956,4690 00For
Jackson National896,9870 00For
JANUS INVESTMENT FUND716,0720 00For
Columbia Threadneedle686,5180 00For
Morgan Stanley597,5910 00For
Thornburg587,5710 00For
BNY Mellon553,4520 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

22. APPROVE DISCHARGE OF SUPERVISORY BOARD FOR FISCAL YEAR 2025

No official resultsCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 145 asset managers

The 145 asset managers below reported 142,950,580 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 142,950,580
Largest asset managers voting on “APPROVE DISCHARGE OF SUPERVISORY BOARD FOR FISCAL YEAR 2025” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,628,8460 00For
BlackRock22,251,0610 00For
Capital Group16,072,4430 00For
Fidelity12,987,0030 00For
MFS9,909,1750 00For
EUPAC FUND7,287,4540 00For
Six Circles Trust4,080,4480 00For
TIAA3,837,0900 00For
State Street2,864,0380 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST2,730,1770 00For
T. Rowe Price2,498,8540 00For
Investment Managers Series Trust1,853,1300 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,708,4000 00For
JPMorgan1,508,0050 00For
Bridge Builder Trust1,374,1760 00For
GMO1,306,8700 00For
Equitable986,5550 00For
Invesco983,5680 00For
NEW ECONOMY FUND956,4690 00For
Jackson National896,9870 00For
JANUS INVESTMENT FUND716,0720 00For
Columbia Threadneedle686,5180 00For
Morgan Stanley597,5910 00For
Thornburg587,5710 00For
BNY Mellon553,4520 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

23. Resolution on the appropriation of the retained earnings for fiscal year 2025

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 45 asset managers

The 45 asset managers below reported 8,182,736 for, 27,948 abstained, 45 mixed, 16 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 8,182,736ABSTAIN: 27,948MIXED: 45UNKNOWN: 16
Largest asset managers voting on “Resolution on the appropriation of the retained earnings for fiscal year 2025” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab3,285,6370 00For
Vanguard1,867,3480 00For
Hartford1,586,1330 00For
SEQUOIA FUND INC245,6310 00For
Russell Investments238,5030 00For
Prudential/PGIM211,6380 00For
Global X137,7150 00For
Mercer Funds112,7630 00For
BUFFALO FUNDS75,0000 00For
Brown Advisory Funds60,0300 00For
Venerable Variable Insurance Trust50,2680 00For
SEI48,0120 00For
Fidelity45,4590 00For
ETF Opportunities Trust41,0420 00For
HARDING LOEVNER FUNDS INC26,7940 00For
Touchstone ETF Trust20,5820 00For
Brighthouse2,5840 17,9160Mixed
Jackson National17,6500 00For
SATURNA INVESTMENT TRUST16,8550 00For
Loomis Sayles16,1120 00For
VanEck ETF Trust12,6270 00For
TRUST FOR PROFESSIONAL MANAGERS10,2850 00For
ALLIED ASSET ADVISORS FUNDS00 10,0320Abstain
Ultimus Managers Trust8,7050 00For
Investment Managers Series Trust8,2680 00For

Showing the 25 largest of 45 asset managers. See all 45 in the interactive database.

24. Resolution on the formal approval of the acts of the Executive Board in fiscal year 2025

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 45 asset managers

The 45 asset managers below reported 8,182,736 for, 27,948 abstained, 45 mixed, 16 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 8,182,736ABSTAIN: 27,948MIXED: 45UNKNOWN: 16
Largest asset managers voting on “Resolution on the formal approval of the acts of the Executive Board in fiscal year 2025” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab3,285,6370 00For
Vanguard1,867,3480 00For
Hartford1,586,1330 00For
SEQUOIA FUND INC245,6310 00For
Russell Investments238,5030 00For
Prudential/PGIM211,6380 00For
Global X137,7150 00For
Mercer Funds112,7630 00For
BUFFALO FUNDS75,0000 00For
Brown Advisory Funds60,0300 00For
Venerable Variable Insurance Trust50,2680 00For
SEI48,0120 00For
Fidelity45,4590 00For
ETF Opportunities Trust41,0420 00For
HARDING LOEVNER FUNDS INC26,7940 00For
Touchstone ETF Trust20,5820 00For
Brighthouse2,5840 17,9160Mixed
Jackson National17,6500 00For
SATURNA INVESTMENT TRUST16,8550 00For
Loomis Sayles16,1120 00For
VanEck ETF Trust12,6270 00For
TRUST FOR PROFESSIONAL MANAGERS10,2850 00For
ALLIED ASSET ADVISORS FUNDS00 10,0320Abstain
Ultimus Managers Trust8,7050 00For
Investment Managers Series Trust8,2680 00For

Showing the 25 largest of 45 asset managers. See all 45 in the interactive database.

25. Resolution on the formal approval of the acts of the Supervisory Board in fiscal year 2025

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 45 asset managers

The 45 asset managers below reported 8,182,736 for, 27,948 abstained, 45 mixed, 16 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 8,182,736ABSTAIN: 27,948MIXED: 45UNKNOWN: 16
Largest asset managers voting on “Resolution on the formal approval of the acts of the Supervisory Board in fiscal year 2025” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab3,285,6370 00For
Vanguard1,867,3480 00For
Hartford1,586,1330 00For
SEQUOIA FUND INC245,6310 00For
Russell Investments238,5030 00For
Prudential/PGIM211,6380 00For
Global X137,7150 00For
Mercer Funds112,7630 00For
BUFFALO FUNDS75,0000 00For
Brown Advisory Funds60,0300 00For
Venerable Variable Insurance Trust50,2680 00For
SEI48,0120 00For
Fidelity45,4590 00For
ETF Opportunities Trust41,0420 00For
HARDING LOEVNER FUNDS INC26,7940 00For
Touchstone ETF Trust20,5820 00For
Brighthouse2,5840 17,9160Mixed
Jackson National17,6500 00For
SATURNA INVESTMENT TRUST16,8550 00For
Loomis Sayles16,1120 00For
VanEck ETF Trust12,6270 00For
TRUST FOR PROFESSIONAL MANAGERS10,2850 00For
ALLIED ASSET ADVISORS FUNDS00 10,0320Abstain
Ultimus Managers Trust8,7050 00For
Investment Managers Series Trust8,2680 00For

Showing the 25 largest of 45 asset managers. See all 45 in the interactive database.

26. Allocation of Dividends

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 24 asset managers

The 24 asset managers below reported 1,710,827 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,710,827
Largest asset managers voting on “Allocation of Dividends” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Global X599,4790 00For
SEI369,1160 00For
Datum One Series Trust343,7780 00For
Russell Investments72,1390 00For
2023 ETF Series Trust54,4870 00For
Neuberger Berman50,1170 00For
DOMINI INVESTMENT TRUST40,5000 00For
Mercer Funds24,2700 00For
Morgan Stanley19,5410 00For
Equitable16,4450 00For
SEI Exchange Traded Funds16,1150 00For
Brighthouse15,7970 00For
Morningstar Funds Trust15,5210 00For
Nationwide15,1540 00For
Vanguard13,0000 00For
Fidelity12,8840 00For
Federated Hermes10,2040 00For
Victory Capital9,2890 00For
Northwestern Mutual6,3890 00For
New York Life2,0550 00For
Adviser Managed Trust1,9200 00For
Prudential/PGIM1,3730 00For
Forethought Variable Insurance Trust8340 00For
Northern Lights Fund Trust IV4200 00For

27. Ratification of Management Board Acts

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 24 asset managers

The 24 asset managers below reported 1,710,827 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,710,827
Largest asset managers voting on “Ratification of Management Board Acts” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Global X599,4790 00For
SEI369,1160 00For
Datum One Series Trust343,7780 00For
Russell Investments72,1390 00For
2023 ETF Series Trust54,4870 00For
Neuberger Berman50,1170 00For
DOMINI INVESTMENT TRUST40,5000 00For
Mercer Funds24,2700 00For
Morgan Stanley19,5410 00For
Equitable16,4450 00For
SEI Exchange Traded Funds16,1150 00For
Brighthouse15,7970 00For
Morningstar Funds Trust15,5210 00For
Nationwide15,1540 00For
Vanguard13,0000 00For
Fidelity12,8840 00For
Federated Hermes10,2040 00For
Victory Capital9,2890 00For
Northwestern Mutual6,3890 00For
New York Life2,0550 00For
Adviser Managed Trust1,9200 00For
Prudential/PGIM1,3730 00For
Forethought Variable Insurance Trust8340 00For
Northern Lights Fund Trust IV4200 00For

28. Ratification of Supervisory Board Acts

No official resultsCORPORATE GOVERNANCE

98% of fund votes cast · no official result

FOR
Details: votes by 24 asset managers

The 24 asset managers below reported 1,670,327 for, 40,500 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,670,327AGAINST: 40,500
Largest asset managers voting on “Ratification of Supervisory Board Acts” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Global X599,4790 00For
SEI369,1160 00For
Datum One Series Trust343,7780 00For
Russell Investments72,1390 00For
2023 ETF Series Trust54,4870 00For
Neuberger Berman50,1170 00For
DOMINI INVESTMENT TRUST040,500 00Against
Mercer Funds24,2700 00For
Morgan Stanley19,5410 00For
Equitable16,4450 00For
SEI Exchange Traded Funds16,1150 00For
Brighthouse15,7970 00For
Morningstar Funds Trust15,5210 00For
Nationwide15,1540 00For
Vanguard13,0000 00For
Fidelity12,8840 00For
Federated Hermes10,2040 00For
Victory Capital9,2890 00For
Northwestern Mutual6,3890 00For
New York Life2,0550 00For
Adviser Managed Trust1,9200 00For
Prudential/PGIM1,3730 00For
Forethought Variable Insurance Trust8340 00For
Northern Lights Fund Trust IV4200 00For

29. Receive Financial Statements and Statutory Reports for Fiscal Year 2025 (Non-Voting)

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

NOT VOTED
Details: votes by 18 asset managers

The 18 asset managers below reported 89,608 for, 216,972 abstained, 1,962,870 not voted, 30,512 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 89,608ABSTAIN: 216,972NOT VOTED: 1,962,870UNKNOWN: 30,512
Largest asset managers voting on “Receive Financial Statements and Statutory Reports for Fiscal Year 2025 (Non-Voting)” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
JPMorgan00 00Not Voted
Empower00 00Not Voted
Catholic Responsible Investments Funds00 211,0110Abstain
Brighthouse00 00Not Voted
Elevation Series Trust82,3960 00For
Lincoln Financial00 00Not Voted
MUTUAL FUND SERIES TRUST00 00--
FundVantage Trust00 00--
iM Global Partner Funds7,1570 00For
Strategy Shares00 00--
Dunham Funds00 4,7920Abstain
Venerable Variable Insurance Trust00 00--
NORTHERN LIGHTS FUND TRUST II00 00--
Advisors' Inner Circle Fund III00 6740Abstain
Dorsey Wright & Associates00 4950Abstain
Morningstar Funds Trust00 00Not Voted
Keel Point, LLC550 00For
Forethought Variable Insurance Trust00 00--

30. Resolution on the approval of the compensation report for fiscal year 2025

Combines 3 wordings of this item as funds reported it.

99.9% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 370 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 43 asset managers voting on “Resolution on the approval of the compensation report for fiscal year 2025” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab3,285,6370 00For
Vanguard1,867,3480 00For
Hartford1,586,1330 00For
2023 ETF Series Trust841,2570 00For
SEQUOIA FUND INC245,6310 00For
Russell Investments238,5030 00For
Prudential/PGIM211,6380 00For
Global X137,7150 00For
Mercer Funds112,7630 00For
BUFFALO FUNDS75,0000 00For
Brown Advisory Funds60,0300 00For
Venerable Variable Insurance Trust50,2680 00For
SEI48,0120 00For
Fidelity45,4590 00For
ETF Opportunities Trust41,0420 00For
HARDING LOEVNER FUNDS INC26,7940 00For
Touchstone ETF Trust20,5820 00For
Brighthouse2,5840 17,9160Mixed
Jackson National17,6500 00For
SATURNA INVESTMENT TRUST16,8550 00For
Loomis Sayles16,1120 00For
VanEck ETF Trust12,6270 00For
TRUST FOR PROFESSIONAL MANAGERS10,2850 00For
ALLIED ASSET ADVISORS FUNDS00 10,0320Abstain
Ultimus Managers Trust8,7050 00For

Fund voting reports, all 43 managers: 9,024,511 for, 27,948 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 330 asset managers voting on “Resolution on the approval of the compensation report for fiscal year 2025” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
EAGLE CAPITAL MANAGEMENT LLC5,057,8250 00For
WINDACRE PARTNERSHIP LLC2,643,1250 00For
Northern Trust1,458,5350 00For
BlackRock863,5650 00For
ENVESTNET ASSET MANAGEMENT INC567,1540 00For
WELLS FARGO CLEARING SERVICES, LLC423,3250 00For
Natixis270,5740 00For
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC209,3790 00For
PNC BANK, NATIONAL ASSOCIATION181,9330 00For
RAYMOND JAMES & ASSOCIATES168,7700 00For
SCOTIA CAPITAL INC.165,2500 00For
HARDING LOEVNER LP162,2110 00For
Petrus Trust Company, LTA152,5420 00For
1832 Asset Management L.P.150,4200 00For
Edward D. Jones & Co., L.P.142,4900 00For
WELLS FARGO BANK N A138,8570 00For
RIVERBRIDGE PARTNERS LLC133,6700 00For
Night Owl Capital Management, LLC94,0870 00For
Value Partners Investments Inc.63,7280 00For
Cerity Partners LLC63,5390 00For
US BANK NATIONAL ASSOCIATION62,5420 00For
Pathstone Holdings, LLC54,0940 00For
OPPENHEIMER ASSET MANAGEMENT INC.53,0430 00For
LPL Financial LLC50,3080 00For
ASSETMARK, INC49,4800 00For

Institutional-manager reports, all 330 managers: 14,259,789 for, 1,278 against, 46 withheld, 11,087 abstained, 52,989 not voted, 45 mixed, 16 unknown. Showing the 25 largest; see all in the interactive database.

31. APPROVE REMUNERATION REPORT

No official resultsFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

99.8% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 182 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 143 asset managers voting on “APPROVE REMUNERATION REPORT” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,628,8460 00For
BlackRock22,251,0610 00For
Capital Group16,072,4430 00For
Fidelity12,987,0030 00For
MFS9,909,1750 00For
EUPAC FUND7,287,4540 00For
Six Circles Trust4,080,4480 00For
TIAA3,837,0900 00For
State Street2,864,0380 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST2,730,1770 00For
T. Rowe Price2,498,8540 00For
Investment Managers Series Trust1,853,1300 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,708,4000 00For
JPMorgan1,508,0050 00For
Bridge Builder Trust1,374,1760 00For
GMO1,306,8700 00For
Equitable934,39352,162 00Mixed
Invesco983,5680 00For
NEW ECONOMY FUND956,4690 00For
Jackson National896,9870 00For
JANUS INVESTMENT FUND716,0720 00For
Columbia Threadneedle686,5180 00For
Morgan Stanley597,5910 00For
Thornburg587,5710 00For
BNY Mellon553,4520 00For

Fund voting reports, all 143 managers: 142,804,516 for, 145,478 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 43 asset managers voting on “APPROVE REMUNERATION REPORT” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock64,369,366141,773 00For
WINDACRE PARTNERSHIP LLC3,599,1000 00For
APG Asset Management US Inc.3,283,2000 00For
JPMorgan2,050,2050 00For
1832 Asset Management L.P.1,481,7650 00For
COMGEST GLOBAL INVESTORS S.A.S.1,474,7520 00For
Walter Scott & Partners Ltd1,179,8930 00For
Crake Asset Management LLP958,3650 00For
MAKENA CAPITAL MANAGEMENT LLC958,3650 00For
BAILLIE GIFFORD OVERSEAS LTD400,55575,542 00Mixed
Korea Investment CORP310,2920 00For
Siemens Fonds Invest GmbH291,6330 00For
Northern Trust140,6870 00For
BAILLIE GIFFORD & CO LTD89,2830 00For
MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd25,4060 00For
Diversified Trust Co21,9140 00For
Vontobel Holding Ltd.16,6580 00For
Baillie Gifford Investment Management (Europe) Ltd16,3380 00For
LONGFELLOW INVESTMENT MANAGEMENT CO LLC13,1400 00For
FIRST MANHATTAN CO. LLC.9,7870 00For
BAILLIE GIFFORD & CO8,6170 00For
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO7,0400 00For
NATIONAL BANK INVESTMENTS INC.5,2100 00For
WESTWOOD HOLDINGS GROUP INC3,4900 00For
PNC BANK, NATIONAL ASSOCIATION2,9040 00For

Institutional-manager reports, all 43 managers: 80,729,003 for, 217,722 against, 700 not voted. Showing the 25 largest; see all in the interactive database.

32. Remuneration Report

98% of fund votes cast · no official result

FOR
Details: votes by 24 asset managers

The 24 asset managers below reported 1,670,327 for, 40,500 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,670,327AGAINST: 40,500
Largest asset managers voting on “Remuneration Report” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Global X599,4790 00For
SEI369,1160 00For
Datum One Series Trust343,7780 00For
Russell Investments72,1390 00For
2023 ETF Series Trust54,4870 00For
Neuberger Berman50,1170 00For
DOMINI INVESTMENT TRUST040,500 00Against
Mercer Funds24,2700 00For
Morgan Stanley19,5410 00For
Equitable16,4450 00For
SEI Exchange Traded Funds16,1150 00For
Brighthouse15,7970 00For
Morningstar Funds Trust15,5210 00For
Nationwide15,1540 00For
Vanguard13,0000 00For
Fidelity12,8840 00For
Federated Hermes10,2040 00For
Victory Capital9,2890 00For
Northwestern Mutual6,3890 00For
New York Life2,0550 00For
Adviser Managed Trust1,9200 00For
Prudential/PGIM1,3730 00For
Forethought Variable Insurance Trust8340 00For
Northern Lights Fund Trust IV4200 00For

33. APPOINT BDO AG AS AUDITOR FOR SUSTAINABILITY REPORTING FOR FISCAL YEAR 2026

No official resultsAUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: votes by 145 asset managers

The 145 asset managers below reported 142,905,160 for, 45,420 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 142,905,160AGAINST: 45,420
Largest asset managers voting on “APPOINT BDO AG AS AUDITOR FOR SUSTAINABILITY REPORTING FOR FISCAL YEAR 2026” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,628,8460 00For
BlackRock22,251,0610 00For
Capital Group16,072,4430 00For
Fidelity12,987,0030 00For
MFS9,909,1750 00For
EUPAC FUND7,287,4540 00For
Six Circles Trust4,080,4480 00For
TIAA3,837,0900 00For
State Street2,864,0380 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST2,730,1770 00For
T. Rowe Price2,498,8540 00For
Investment Managers Series Trust1,853,1300 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,708,4000 00For
JPMorgan1,508,0050 00For
Bridge Builder Trust1,374,1760 00For
GMO1,306,8700 00For
Equitable986,5550 00For
Invesco983,5680 00For
NEW ECONOMY FUND956,4690 00For
Jackson National896,9870 00For
JANUS INVESTMENT FUND716,0720 00For
Columbia Threadneedle686,5180 00For
Morgan Stanley597,5910 00For
Thornburg587,5710 00For
BNY Mellon553,4520 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

34. RATIFY BDO AG AS AUDITORS FOR FISCAL YEAR 2026

No official resultsAUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: votes by 145 asset managers

The 145 asset managers below reported 142,901,175 for, 45,420 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 142,901,175AGAINST: 45,420
Largest asset managers voting on “RATIFY BDO AG AS AUDITORS FOR FISCAL YEAR 2026” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,628,8460 00For
BlackRock22,251,0610 00For
Capital Group16,072,4430 00For
Fidelity12,987,0030 00For
MFS9,909,1750 00For
EUPAC FUND7,287,4540 00For
Six Circles Trust4,080,4480 00For
TIAA3,837,0900 00For
State Street2,864,0380 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST2,730,1770 00For
T. Rowe Price2,498,8540 00For
Investment Managers Series Trust1,853,1300 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,708,4000 00For
JPMorgan1,508,0050 00For
Bridge Builder Trust1,374,1760 00For
GMO1,306,8700 00For
Equitable986,5550 00For
Invesco983,5680 00For
NEW ECONOMY FUND956,4690 00For
Jackson National896,9870 00For
JANUS INVESTMENT FUND716,0720 00For
Columbia Threadneedle686,5180 00For
Morgan Stanley597,5910 00For
Thornburg587,5710 00For
BNY Mellon553,4520 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

35. Appointment of Auditor

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 24 asset managers

The 24 asset managers below reported 1,710,827 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,710,827
Largest asset managers voting on “Appointment of Auditor” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Global X599,4790 00For
SEI369,1160 00For
Datum One Series Trust343,7780 00For
Russell Investments72,1390 00For
2023 ETF Series Trust54,4870 00For
Neuberger Berman50,1170 00For
DOMINI INVESTMENT TRUST40,5000 00For
Mercer Funds24,2700 00For
Morgan Stanley19,5410 00For
Equitable16,4450 00For
SEI Exchange Traded Funds16,1150 00For
Brighthouse15,7970 00For
Morningstar Funds Trust15,5210 00For
Nationwide15,1540 00For
Vanguard13,0000 00For
Fidelity12,8840 00For
Federated Hermes10,2040 00For
Victory Capital9,2890 00For
Northwestern Mutual6,3890 00For
New York Life2,0550 00For
Adviser Managed Trust1,9200 00For
Prudential/PGIM1,3730 00For
Forethought Variable Insurance Trust8340 00For
Northern Lights Fund Trust IV4200 00For

36. Appointment of Auditor for Sustainability Reporting

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 24 asset managers

The 24 asset managers below reported 1,710,827 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,710,827
Largest asset managers voting on “Appointment of Auditor for Sustainability Reporting” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Global X599,4790 00For
SEI369,1160 00For
Datum One Series Trust343,7780 00For
Russell Investments72,1390 00For
2023 ETF Series Trust54,4870 00For
Neuberger Berman50,1170 00For
DOMINI INVESTMENT TRUST40,5000 00For
Mercer Funds24,2700 00For
Morgan Stanley19,5410 00For
Equitable16,4450 00For
SEI Exchange Traded Funds16,1150 00For
Brighthouse15,7970 00For
Morningstar Funds Trust15,5210 00For
Nationwide15,1540 00For
Vanguard13,0000 00For
Fidelity12,8840 00For
Federated Hermes10,2040 00For
Victory Capital9,2890 00For
Northwestern Mutual6,3890 00For
New York Life2,0550 00For
Adviser Managed Trust1,9200 00For
Prudential/PGIM1,3730 00For
Forethought Variable Insurance Trust8340 00For
Northern Lights Fund Trust IV4200 00For

37. BDO AG Wirtschaftsprüfungsgesellschaft, Frankfurt/Main, be appointed auditors of the financial statements and…

No official resultsAUDIT-RELATED

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 23 asset managers

Description as filed by funds: BDO AG Wirtschaftsprüfungsgesellschaft, Frankfurt/Main, be appointed auditors of the financial statements and consolidated financial statements for fiscal year 2026

The 23 asset managers below reported 529,660 for, 10,032 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 529,660ABSTAIN: 10,032
Largest asset managers voting on “BDO AG Wirtschaftsprüfungsgesellschaft, Frankfurt/Main, be appointed auditors of the financial statements and ” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC245,6310 00For
BUFFALO FUNDS75,0000 00For
Brown Advisory Funds60,0300 00For
ETF Opportunities Trust41,0420 00For
HARDING LOEVNER FUNDS INC26,7940 00For
Jackson National17,6500 00For
SATURNA INVESTMENT TRUST16,8550 00For
Loomis Sayles16,1120 00For
TRUST FOR PROFESSIONAL MANAGERS10,2850 00For
ALLIED ASSET ADVISORS FUNDS00 10,0320Abstain
Elevation Series Trust7,3040 00For
Gabelli4,5000 00For
ETF Series Solutions2,3790 00For
Precidian ETFs Trust1,7970 00For
Tidal Trust I1,3200 00For
EA Series Trust1,1170 00For
Gateway Trust8190 00For
Natixis4940 00For
Calamos1780 00For
REYNOLDS FUNDS INC1750 00For
Multi-Select Securities Fund for Puerto Rico Residents1230 00For
KKM Financial LLC390 00For
ZEVIN ASSET MANAGEMENT LLC160 00For

38. BDO AG Wirtschaftsprüfungsgesellschaft, Frankfurt/Main, be appointed auditors of the sustainability reporting for…

No official resultsAUDIT-RELATED

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 23 asset managers

Description as filed by funds: BDO AG Wirtschaftsprüfungsgesellschaft, Frankfurt/Main, be appointed auditors of the sustainability reporting for fiscal year 2026.

The 23 asset managers below reported 529,660 for, 10,032 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 529,660ABSTAIN: 10,032
Largest asset managers voting on “BDO AG Wirtschaftsprüfungsgesellschaft, Frankfurt/Main, be appointed auditors of the sustainability reporting ” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC245,6310 00For
BUFFALO FUNDS75,0000 00For
Brown Advisory Funds60,0300 00For
ETF Opportunities Trust41,0420 00For
HARDING LOEVNER FUNDS INC26,7940 00For
Jackson National17,6500 00For
SATURNA INVESTMENT TRUST16,8550 00For
Loomis Sayles16,1120 00For
TRUST FOR PROFESSIONAL MANAGERS10,2850 00For
ALLIED ASSET ADVISORS FUNDS00 10,0320Abstain
Elevation Series Trust7,3040 00For
Gabelli4,5000 00For
ETF Series Solutions2,3790 00For
Precidian ETFs Trust1,7970 00For
Tidal Trust I1,3200 00For
EA Series Trust1,1170 00For
Gateway Trust8190 00For
Natixis4940 00For
Calamos1780 00For
REYNOLDS FUNDS INC1750 00For
Multi-Select Securities Fund for Puerto Rico Residents1230 00For
KKM Financial LLC390 00For
ZEVIN ASSET MANAGEMENT LLC160 00For

39. Appointment of the auditors of the financial statements and consolidated financial statements and of the auditors of…

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 16 asset managers

Description as filed by funds: Appointment of the auditors of the financial statements and consolidated financial statements and of the auditors of the sustainability reporting for fiscal year 2026 - Appointment of the auditors of the financial statements and the consolidated financial statements for fiscal year 2026

The 16 asset managers below reported 7,628,238 for, 17,916 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,628,238ABSTAIN: 17,916
Largest asset managers voting on “Appointment of the auditors of the financial statements and consolidated financial statements and of the audit” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab3,285,6370 00For
Vanguard1,867,3480 00For
Hartford1,586,1330 00For
Russell Investments238,5030 00For
Prudential/PGIM211,6380 00For
Global X137,7150 00For
Mercer Funds112,7630 00For
Venerable Variable Insurance Trust50,2680 00For
SEI48,0120 00For
Fidelity45,4590 00For
Touchstone ETF Trust20,5820 00For
Brighthouse2,5840 17,9160Mixed
VanEck ETF Trust12,6270 00For
Neuberger Berman4,3080 00For
Federated Hermes2,3360 00For
PACE SELECT ADVISORS TRUST2,3250 00For

40. Appointment of the auditors of the financial statements and consolidated financial statements and of the auditors of…

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 16 asset managers

Description as filed by funds: Appointment of the auditors of the financial statements and consolidated financial statements and of the auditors of the sustainability reporting for fiscal year 2026 - Appointment of the auditors of the sustainability reporting for fiscal year 2026

The 16 asset managers below reported 7,628,238 for, 17,916 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,628,238ABSTAIN: 17,916
Largest asset managers voting on “Appointment of the auditors of the financial statements and consolidated financial statements and of the audit” at SAP SE, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab3,285,6370 00For
Vanguard1,867,3480 00For
Hartford1,586,1330 00For
Russell Investments238,5030 00For
Prudential/PGIM211,6380 00For
Global X137,7150 00For
Mercer Funds112,7630 00For
Venerable Variable Insurance Trust50,2680 00For
SEI48,0120 00For
Fidelity45,4590 00For
Touchstone ETF Trust20,5820 00For
Brighthouse2,5840 17,9160Mixed
VanEck ETF Trust12,6270 00For
Neuberger Berman4,3080 00For
Federated Hermes2,3360 00For
PACE SELECT ADVISORS TRUST2,3250 00For

Showing the 40 reported items with the widest manager coverage, of 62 in total. View every item.

Largest SAP SE shareholders voting in 2025-2026

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 1,228,504,232 shares outstanding at the time of that meeting.

Fund voting reports: top SAP SE shareholders by shares voted on “APPROVE REMUNERATION REPORT”, 2025-2026
#Asset manager % of shares outstanding
1Vanguard 2.66%
2BlackRock 1.81%
3Capital Group 1.31%
4Fidelity 1.06%
5MFS 0.81%
6EUPAC FUND 0.59%
7Six Circles Trust 0.33%
8TIAA 0.31%
9State Street 0.23%
10CAUSEWAY CAPITAL MANAGEMENT TRUST 0.22%
Institutional-manager reports: top SAP SE shareholders by shares voted on “Resolution on the approval of the compensation report for fiscal year 2025”, 2025-2026
#Asset manager % of shares outstanding
1EAGLE CAPITAL MANAGEMENT LLC 0.41%
2WINDACRE PARTNERSHIP LLC 0.22%
3Northern Trust 0.12%
4BlackRock 0.07%
5ENVESTNET ASSET MANAGEMENT INC 0.05%
6WELLS FARGO CLEARING SERVICES, LLC 0.03%
7Natixis 0.02%
8WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC 0.02%
9PNC BANK, NATIONAL ASSOCIATION 0.01%
10RAYMOND JAMES & ASSOCIATES 0.01%

Percentages above are of 1,228,504,232 shares outstanding, as reported by SAP SE on its Form 20-F dated December 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from SAP SE’s 20-F dated December 31, 2025. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At SAP SE's shareholder meeting held May 5, 2026, in the 2025-2026 proxy season, 535 asset managers reported how they voted in their SEC Form N-PX filings, covering 9,074 separate fund positions. Their filings are grouped here into 62 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Resolution on the approval of the compensation report for fiscal year 2025 — the reporting funds and managers cast 99.9% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). Fund and manager reports are combined in it and may count the same shares twice: it adds fund reports to institutional-manager reports, which can cover the same shares. It is not the company's certified result.

SAP SE proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

Download data (CSV): ballot items · votes by manager · column guide.