BBVA (BBVA) nears halfway mark in second share buyback tranche

Rhea-AI Filing Summary

Banco Bilbao Vizcaya Argentaria (BBVA) reports ongoing progress in the second tranche of its share buyback program. The bank states that shares purchased so far in this tranche total a cash amount of €494,934,300.00. This represents approximately 49.49% of the maximum cash amount authorized for the second tranche, based on transactions executed between 30 March and 2 April 2026 and managed by Citigroup Global Markets Europe AG.

Key Figures

Cash used in second tranche buyback: €494,934,300.00 Share of tranche limit used: 49.49%

2 metrics

Cash used in second tranche buyback €494,934,300.00 Cumulative amount spent on second tranche as of trades 30 Mar–2 Apr 2026

Share of tranche limit used 49.49% Portion of maximum cash amount authorized for the second tranche

Key Terms

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

5 terms

buyback program financial

"relating to the execution of the second tranche 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.

Second Tranche financial

"execution of the second tranche of a buyback program of own shares of BBVA (the “Second Tranche”)"

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 of 16 April 2014 on market abuse"

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.

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

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

Accepted by SEC EDGAR 04/06/2026 - 07:00 AM Learn about SEC filing dates

FAQ

What did BBVA disclose in its latest 6-K filing for April 2026?

BBVA disclosed progress on the second tranche of its share buyback program. It reported that purchases to date total €494,934,300.00, representing about 49.49% of the tranche’s maximum cash amount, based on trades from 30 March to 2 April 2026.

How much has BBVA spent so far on the second tranche of its share buyback?

BBVA has spent a cash amount of €494,934,300.00 so far in the second tranche. This figure reflects cumulative purchases executed under the tranche as of trades between 30 March and 2 April 2026, managed by Citigroup Global Markets Europe AG.

What portion of BBVA’s second tranche buyback limit has been used?

BBVA reports that current purchases represent approximately 49.49% of the maximum cash amount for the second tranche. This indicates that just under half of the authorized cash capacity for this phase of the buyback program has been deployed so far.

Who manages BBVA’s second tranche share buyback transactions?

Citigroup Global Markets Europe AG manages the second tranche of BBVA’s share buyback. BBVA notes that its update is based on information received from this manager covering trades made in BBVA shares between 30 March and 2 April 2026.

What regulation does BBVA reference for its buyback disclosure?

BBVA references article 5 of Regulation (EU) No. 596/2014 on market abuse for this disclosure. The company also links the update to prior inside information notices filed with the CNMV in December 2025 and March 2026 concerning the second tranche.

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 April, 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 20 March 2026, with registration number in the CNMV 3146 relating to the execution of the second tranche of a buyback program of own shares of BBVA (the “Second 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 Second Tranche manager– that it has carried out the following transactions over BBVA shares in execution of the Second Tranche between 30 March and 2 April 2026 (both inclusive):

The cash amount of the shares purchased to date as a result of the execution of the Second Tranche amounts to 494,934,300.00 Euros, which, approximately, represents 49.49% of the maximum cash amount of the Second Tranche.

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

ISIN Code of the ordinary shares of BBVA: ES0113211835

Madrid, 6 April 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: April 6, 2026
	By:	/s/ José María Caballero Cobacho
	Name:	José María Caballero Cobacho
	Title:	Global ALM Director