BBVA updates buyback, repurchases 6,475,290 shares

Banco Bilbao Vizcaya Argentaria (BBVA) reports progress on the third tranche of its share buyback program.

Rhea-AI Filing Summary

Banco Bilbao Vizcaya Argentaria (BBVA) reports progress on the third tranche of its share buyback program. Between 18 and 22 May 2026, BBVA repurchased 6,475,290 shares on the XMAD market at weighted average prices ranging from €18.7990 to €19.3928 per share.

The total cash amount invested in the third tranche so far is €342,180,329.95, which represents approximately 23.44% of the maximum cash amount authorized for this tranche.

Key Figures

Shares repurchased (period): 6,475,290 shares Weighted average price 18 May: €18.7990 per share Weighted average price 19 May: €18.9527 per share +5 more

8 metrics

Shares repurchased (period) 6,475,290 shares Third tranche buyback, 18–22 May 2026

Weighted average price 18 May €18.7990 per share BBVA.MC purchases on XMAD

Weighted average price 19 May €18.9527 per share BBVA.MC purchases on XMAD

Weighted average price 20 May €19.0552 per share BBVA.MC purchases on XMAD

Weighted average price 21 May €19.3590 per share BBVA.MC purchases on XMAD

Weighted average price 22 May €19.3928 per share BBVA.MC purchases on XMAD

Cash invested in third tranche €342,180,329.95 Cumulative, third tranche buyback

Portion of tranche used 23.44% Of maximum cash amount for third tranche

Key Terms

buyback program, inside information, Regulation (EU) no. 596/2014, market abuse, +1 more

5 terms

buyback program financial

"relating to the execution of the third of a buyback program of own shares of BBVA"

A buyback program is when a company uses cash to repurchase its own shares from the market or shareholders, which reduces the total number of shares available. For investors this can increase the value of each remaining share, signal that management thinks the stock is undervalued, and change ownership percentages — like a homeowner buying back units in a building so each remaining owner holds a larger slice of the same pie.

inside information regulatory

"notice of inside information of 19 December 2025, with registration number in the CNMV 3046"

Information not available to the public that, if known, would likely cause a company’s stock or bonds to rise or fall—for example, undisclosed earnings, deals, product results, or management plans. It matters because trading on that information gives an unfair advantage, can distort market prices, and is typically illegal or subject to strict rules, so investors watch for proper disclosure and compliance to protect fair, transparent markets.

Regulation (EU) no. 596/2014 regulatory

"pursuant to article 5 of Regulation (EU) no. 596/2014 of the European Parliament and of the Council"

A European Union law that sets the rules to prevent insider trading and market manipulation, requiring companies and traders to disclose material information and behave transparently. Think of it as a referee and rulebook for financial markets: it helps keep trading fair, gives investors confidence that everyone has access to the same key facts, and creates legal duties and penalties that can affect stock prices and corporate disclosure practices.

market abuse regulatory

"Regulation (EU) no. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse"

Market abuse is illegal or unethical behavior that distorts the price or fairness of buying and selling financial assets, such as using secret information to trade, spreading false or misleading news, or creating fake buying and selling to give a false impression of demand. It matters to investors because it can cause unfair losses, unreliable prices and legal or reputational fallout; like cheating in a game or tampering with a scale, it destroys confidence that markets reflect true value.

weighted average price financial

"Number of Shares | | | Weighted average price €"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did BBVA (BBVA) disclose in this Form 6-K filing?

BBVA disclosed progress on the third tranche of its share buyback program. It detailed share repurchases made between 18 and 22 May 2026, including daily volumes, trading venues, and weighted average purchase prices in euros.

How many BBVA (BBVA) shares were repurchased in this period?

BBVA repurchased a total of 6,475,290 shares between 18 and 22 May 2026. All purchases were in the BBVA.MC line on XMAD, with zero volume reported on other listed trading venues during this specific period.

What prices did BBVA (BBVA) pay for the repurchased shares?

During this period, BBVA paid weighted average prices between €18.7990 and €19.3928 per share. Each trading day in the report shows a specific average price on XMAD for the BBVA.MC security under the buyback’s third tranche.

How much cash has BBVA (BBVA) used so far in the third buyback tranche?

The cash amount invested so far in the third tranche is €342,180,329.95. This figure reflects cumulative purchases under the tranche and represents approximately 23.44% of the maximum cash amount authorized for this phase.

What portion of the third tranche’s maximum cash amount is already used by BBVA (BBVA)?

BBVA states that €342,180,329.95 invested so far represents about 23.44% of the third tranche’s maximum cash amount. This indicates that a majority of the authorized cash capacity for this tranche remains available for future share repurchases.

Which trading venue handled the BBVA (BBVA) buyback transactions in this report?

All reported buyback transactions in this period were executed on XMAD in the BBVA.MC security. Other listed venues such as AQEU, CEUX, and TQEX show zero shares traded for BBVA in this specific weekly disclosure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 10:47 AM EDT Learn about SEC filing dates

UNITED STATES SECURITIES AND EXCHANGE
COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May, 2026

Commission file number: 1-10110

BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

(Exact name of Registrant as specified in its charter)

BANK BILBAO VIZCAYA ARGENTARIA, S.A.

(Translation of Registrant’s name into English)

Calle Azul 4,

28050 Madrid

Spain

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F          x Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes No             x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes No             x

Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”), in compliance with the securities market legislation, hereby communicates the following:

OTHER RELEVANT INFORMATION

Further to the notice of inside information of 19 December 2025, with registration number in the CNMV 3046, and the notice of inside information of 30 April 2026, with registration number in the CNMV 3187 relating to the execution of the third of a buyback program of own shares of BBVA (the “Third Tranche”), and pursuant to article 5 of Regulation (EU) no. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse, BBVA informs–on the basis of the information received from Citigroup Global Markets Europe AG as the Third Tranche manager– that it has carried out the following transactions over BBVA shares in execution of the Third Tranche between 18 May and 22 May 2026 (both inclusive):

Date

Security

Transaction

Trading Venue

Number of Shares

Weighted average price €

5/18/2026

BBVA.MC

Purchase

AQEU

0

0

5/18/2026

BBVA.MC

Purchase

XMAD

1,375,000

18.7990

5/18/2026

BBVA.MC

Purchase

CEUX

0

0

5/18/2026

BBVA.MC

Purchase

TQEX

0

0

5/19/2026

BBVA.MC

Purchase

AQEU

0

0

5/19/2026

BBVA.MC

Purchase

XMAD

1,375,000

18.9527

5/19/2026

BBVA.MC

Purchase

CEUX

0

0

5/19/2026

BBVA.MC

Purchase

TQEX

0

0

5/20/2026

BBVA.MC

Purchase

AQEU

0

0

5/20/2026

BBVA.MC

Purchase

XMAD

1,302,999

19.0552

5/20/2026

BBVA.MC

Purchase

CEUX

0

0

5/20/2026

BBVA.MC

Purchase

TQEX

0

0

5/21/2026

BBVA.MC

Purchase

AQEU

0

0

5/21/2026

BBVA.MC

Purchase

XMAD

1,325,000

19.3590

5/21/2026

BBVA.MC

Purchase

CEUX

0

0

5/21/2026

BBVA.MC

Purchase

TQEX

0

0

5/22/2026

BBVA.MC

Purchase

AQEU

0

0

5/22/2026

BBVA.MC

Purchase

XMAD

1,097,291

19.3928

5/22/2026

BBVA.MC

Purchase

CEUX

0

0

5/22/2026

BBVA.MC

Purchase

TQEX

0

0

TOTAL

6,475,290

The cash amount of the shares purchased to date as a result of the execution of the Third Tranche amounts to 342,180,329.95 Euros, which, approximately, represents 23.44% of the maximum cash amount of the Third Tranche.

Issuer name: Banco Bilbao Vizcaya Argentaria, S.A. - LEI K8MS7FD7N5Z2WQ51AZ71

ISIN Code of the ordinary shares of BBVA: ES0113211835

Madrid, 25 May 2026

This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy, the Spanish original will prevail.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Banco Bilbao Vizcaya Argentaria, S.A.
Date: May 25, 2026
	By:	/s/ José María Caballero Cobacho
	Name: José María Caballero Cobacho
	Title: Head of ALM