BBVA (NYSE: BBVA) details progress on third-tranche share buyback program

Rhea-AI Filing Summary

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) reports progress on the third tranche of its share buyback program. The cash amount of BBVA shares purchased so far in this tranche totals 218,512,616.00 Euros, which represents approximately 14.97% of the maximum cash amount authorized for this third tranche.

These purchases were executed between 11 May and 15 May 2026, based on transactions carried out by Citigroup Global Markets Europe AG as manager of this tranche under BBVA’s buyback program.

Key Figures

Third tranche buyback spend: 218,512,616.00 Euros Portion of tranche used: 14.97% Buyback trade window: 11–15 May 2026

3 metrics

Third tranche buyback spend 218,512,616.00 Euros Cash amount of shares purchased to date in third tranche

Portion of tranche used 14.97% Approximate share of maximum cash amount for third tranche

Buyback trade window 11–15 May 2026 Dates of reported BBVA share repurchases in this update

Key Terms

buyback program, inside information, Regulation (EU) no. 596/2014, third tranche

4 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

"Further to the notice of inside information of 19 December 2025"

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"

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.

third tranche financial

"relating to the execution of the third of a buyback program of own shares of BBVA (the “Third Tranche”)"

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

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Form 6-K: How Foreign Companies Report to the SEC →

Available on EDGAR 05/18/2026 - 06:11 AM Accepted by SEC EDGAR 05/18/2026 - 06:10 AM Learn about SEC filing dates

FAQ

What did BBVA disclose in this May 2026 Form 6-K filing?

BBVA disclosed progress on the third tranche of its share buyback program. It reported the cash amount invested in repurchasing shares between 11 and 15 May 2026, based on transactions managed by Citigroup Global Markets Europe AG.

How much has BBVA spent so far in the third tranche of its buyback?

BBVA has spent 218,512,616.00 Euros so far in the third tranche. This figure reflects the cumulative cash outlay for repurchasing its own shares under this tranche up to the reported date.

What portion of the third tranche’s maximum size has BBVA used?

BBVA stated that 218,512,616.00 Euros represents approximately 14.97% of the maximum cash amount authorized for the third tranche. This indicates that most of the tranche capacity remains available for future repurchases.

Over what period were the BBVA buyback transactions carried out?

The reported buyback transactions for the third tranche were carried out between 11 May and 15 May 2026, both dates inclusive. These trades were executed in the market by Citigroup Global Markets Europe AG acting as manager.

Who manages BBVA’s third tranche share buyback transactions?

BBVA indicated that Citigroup Global Markets Europe AG acts as manager for the third tranche of its share buyback. The institution executes the share repurchases in the market on BBVA’s behalf under the program’s agreed terms.

What is the ISIN for BBVA’s ordinary shares mentioned in the filing?

The filing specifies that the ISIN code for BBVA’s ordinary shares is ES0113211835. This identifier helps investors and market participants accurately locate and trade BBVA’s listed ordinary shares across markets where they are admitted.

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 11 May and 15 May 2026 (both inclusive):

The cash amount of the shares purchased to date as a result of the execution of the Third Tranche amounts to 218,512,616.00 Euros, which, approximately, represents 14.97% 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, 18 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 18, 2026	By: /s/ José María Caballero Cobacho
	Name: José María Caballero Cobacho
	Title: Head of ALM