Prospectus by Investment Company (Form 497)

BRIDGE BUILDER TRUST

Bridge Builder Core Plus Bond Fund (the "Core Plus Bond Fund")

Bridge Builder Large Cap Growth Fund (the "Large Cap Growth Fund")

Bridge Builder Large Cap Value Fund (the "Large Cap Value Fund")

Bridge Builder Small/Mid Cap Growth Fund (the "Small/Mid Cap Growth Fund")

Supplement dated February 19, 2026

to the Prospectus dated October 27, 2025, as supplemented

This supplement provides new and additional information beyond that contained in the

Prospectus and should be read in conjunction with the Prospectus.

Accordingly, the Prospectus is hereby supplemented and revised as follows:

The table entitled "Dodge & Cox" in the sub-section entitled "Sub-advisers and Portfolio Managers" under the section entitled "Summary Section - Bridge Builder Core Plus Bond Fund" is hereby replaced with the following:

Dodge & Cox

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Accordingly, the Prospectus is hereby supplemented and revised as follows:

The table entitled "T. Rowe Price" in the sub-section entitled "Sub-advisers and Portfolio Managers" under the section entitled "Summary Section - Bridge Builder Large Cap Growth Fund" is hereby replaced with the following:

T. Rowe Price

Accordingly, the Prospectus is hereby supplemented and revised as follows:

The table entitled "Artisan Partners" in the sub-section entitled "Sub-advisers and Portfolio Managers" under the section entitled "Summary Section - Bridge Builder Large Cap Value Fund" is hereby replaced with the following:

Artisan Partners

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Accordingly, the Prospectus is hereby supplemented and revised as follows:

Artisan Partners

Portfolio Managers:

James D. Hamel, CFA, Matthew H. Kamm, CFA, and Jason White, CFA, have served as portfolio managers of the Small/Mid Cap Growth Fund since June 2020. Jay C. Warner, CFA has served as portfolio manager of the Small/Mid Cap Growth Fund since January 2022. Angela S. Wu has served as portfolio manager of the Small/Mid Cap Growth Fund since February 2026.

Mr. Hamel, CFA, is a Managing Director of Artisan Partners. He joined Artisan Partners in 1997 as an analyst. He became a Portfolio Manager for Artisan Partners in 2006 and an Associate Portfolio Manager in 2001. Mr. Hamel holds a B.S. in Finance from the University of Minnesota - Minneapolis.

Mr. Kamm, CFA, is a Managing Director of Artisan Partners. He joined Artisan Partners in 2003 as an analyst. Prior to becoming a Co-Lead Portfolio Manager for Artisan Partners in 2025, Mr. Kamm had been a Lead Portfolio Manager since 2013, a Portfolio Manager for Artisan Partners since 2012 and an Associate Portfolio Manager since 2010. Mr. Kamm holds a B.A. in Public Policy from Duke University and an M.B.A. in Finance and Operations Management from New York University.

Mr. White, CFA, is a Managing Director of Artisan Partners. He joined Artisan Partners in 2000 as an analyst. He became Co-Lead Portfolio Manager for Artisan Partners in 2025. Mr. White had been a Portfolio Manager since 2016 and an Associate Portfolio Manager in 2011. Mr. White holds a B.S. in History from the United States Naval Academy.

Mr. Warner, CFA, is a Managing Director of Artisan Partners. He joined Artisan Partners in 2003 as an analyst. He became a Portfolio Manager for Artisan Partners in 2022 and Associate Portfolio Manager in 2019. Mr. Warner holds a B.B.A. in accounting and an M.S. in finance, investment and banking from the University of Wisconsin-Madison. Mr. Warner was a Certified Public Accountant.

Ms. Wu is a Managing Director of Artisan Partners. She joined Artisan Partners in 2022 as an analyst. She became a Portfolio Manager for Artisan Partners in 2026 and Associate Portfolio Manager in 2025. Prior to joining Artisan Partners, she was head of corporate strategy with Snap Inc. (Snapchat) from 2017 until 2022. Ms. Wu holds a bachelor's degree in economics and history from Yale University.

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BRIDGE BUILDER TRUST

Bridge Builder Core Plus Bond Fund (the "Core Plus Bond Fund")

Bridge Builder Large Cap Growth Fund (the "Large Cap Growth Fund")

Bridge Builder Large Cap Value Fund (the "Large Cap Value Fund")

Bridge Builder Small/Mid Cap Growth Fund (the "Small/Mid Cap Growth Fund")

Supplement dated February 19, 2026

to the Statement of Additional Information ("SAI") dated October 27, 2025, as supplemented

This supplement provides new and additional information beyond that contained in the

SAI and should be read in conjunction with the SAI.

Accordingly, effective June 30, 2026, all references and information related to James Dignan in the SAI are hereby deleted in their entirety.

Accordingly, effective May 1, 2026, all references and information related to Taymour Tamaddon in the SAI are hereby deleted in their entirety.

Accordingly, effective June 30, 2026, all references and information related to Daniel L. Kane in the SAI are hereby deleted in their entirety.

Accordingly, the SAI is hereby supplemented and revised as follows:

The sub-section entitled "Other Accounts Managed by Portfolio Managers and Ownership of Fund Shares" under the section entitled "The Funds' Investment Teams - The Sub-advisers - Small/Mid Cap Growth Fund - Artisan Partners Limited Partnership ("Artisan Partners")" is hereby replaced with the following:

Other Accounts Managed by Portfolio Managers and Ownership of Fund Shares. The table below identifies, for each portfolio manager of the Fund, the number of accounts managed (excluding the Fund) and the total assets in such accounts, within each of the following categories: registered investment companies, other pooled investment vehicles, and other accounts. To the extent that any of these accounts are subject to a performance-based advisory fee, this information is reflected in the table below. Information is shown as of June 30, 2025, except as noted below. Asset amounts are approximate and have been rounded.

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As of June 30, 2025, for Messrs. Hamel, Kamm, White and Warner, and as of December 31, 2025, for Ms. Wu, the above-listed portfolio managers did not beneficially own any shares of the Fund.

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