The Friday, July 4, 2025, episode of The Bold and the Beautiful delivers a gut-wrenching saga as Steffy Forrester walks into a deadly trap at Hayes’s art school. Expecting to check on her son’s sculpture, Hope Rising, Steffy finds the halls eerily silent, the vibrant walls stripped bare. Lured by Luna Nozawa’s cryptic message about Hayes, she enters the studio, only to feel the cold press of a gun against her ribs. Luna, her eyes blazing with desperation and rage, whispers, “You shouldn’t have trusted me, Steffy.” The beachside school, once a place of creativity, becomes a chilling battleground as Luna’s vendetta—possibly tied to her longing for Finn or a deeper grudge—threatens to end Steffy’s life.

As panic grips Steffy, Taylor Hayes and Sheila Carter burst in, an unlikely alliance forged by a shared need to protect Hayes. Taylor pleads with Luna to drop the gun, while Sheila, her voice steely, invokes their shared bond as mothers. Luna’s resolve wavers, but before she can act, Sheila lunges, shoving Steffy to safety and taking a bullet meant for her. Time slows as Sheila collapses, blood pooling beneath her, her final act one of brutal heroism. Luna, horrified, drops the gun and flees, leaving behind a blood-stained origami swan and a note: “This is far from over.”

Finn and Ridge arrive to find Steffy cradling Sheila’s lifeless body, her tears mixing with grief for the woman who saved her. Paramedics confirm Sheila’s death, and a citywide manhunt for Luna begins, led by Li Finnegan. Security footage captures Luna’s escape through the school’s back corridors, and detectives uncover her hairpin and a glove, piecing together her path. In a deserted laundromat, Luna hides, clutching a white origami crane, her heart pounding as sirens close in.

At the Forrester estate, Ridge and Taylor mourn Sheila’s sacrifice, their old rivalries giving way to a fragile unity. Steffy, bandaged but resolute, recounts Luna’s desperate eyes to the police, while Finn vows to protect their family. Hayes, found safe in the photography wing, clings to Steffy, his innocence a stark contrast to the chaos. At Sheila’s funeral, Taylor’s eulogy honors her complex legacy, as origami cranes scattered in the wind hint at Luna’s lingering threat. As the Forresters regroup, Li’s manhunt intensifies, tracking Luna to a northbound freight train. High above Los Angeles, Luna whispers defiantly, “I will win,” but the origami swan she dropped may seal her fate. Tune in to The Bold and the Beautiful as this saga of sacrifice, betrayal, and justice unfolds, testing the family’s resilience in the face of Luna’s deadly game.