BBVA updates progress on third share buyback tranche

Banco Bilbao Vizcaya Argentaria, S.A.

Rhea-AI Filing Summary

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) reports further progress on the third tranche of its share buyback program. Based on information from Citigroup Global Markets Europe AG, BBVA executed additional repurchases of its shares between 20 July and 24 July 2026 (both inclusive).

The cash amount of shares purchased to date under this Third Tranche is 1,295,054,815.83 Euros, which BBVA states represents approximately 88.70% of the maximum cash amount allocated to this tranche. The program is being carried out pursuant to Article 5 of Regulation (EU) No. 596/2014 on market abuse.

Key Figures

Third Tranche purchases to date: 1,295,054,815.83 Euros Third Tranche completion vs maximum cash amount: 88.70% Latest reported buyback trading period: 20 July to 24 July 2026

3 metrics

Third Tranche purchases to date 1,295,054,815.83 Euros Aggregate cash amount of BBVA shares repurchased in the Third Tranche as of 24 July 2026

Third Tranche completion vs maximum cash amount 88.70% Approximate proportion of the Third Tranche’s maximum cash amount already used for share repurchases

Latest reported buyback trading period 20 July to 24 July 2026 Dates, both inclusive, when BBVA executed the repurchases described in this update

Key Terms

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

5 terms

buyback program financial

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

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.

Third Tranche financial

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

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.

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.

FAQ

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

What does BBVA (BBVA) disclose in its July 2026 update?

BBVA discloses progress on the third tranche of its share buyback program. It reports additional repurchases executed between 20 July and 24 July 2026, managed by Citigroup Global Markets Europe AG under EU market abuse rules.

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

BBVA states that the cash amount of shares purchased to date in the Third Tranche is 1,295,054,815.83 Euros. This reflects the aggregate consideration paid for buybacks executed so far under this tranche.

What percentage of the third tranche’s maximum cash amount has BBVA (BBVA) used?

BBVA reports that the 1,295,054,815.83 Euros spent on share repurchases so far represents approximately 88.70% of the maximum cash amount allocated to the Third Tranche of its buyback program.

Over which dates did BBVA (BBVA) execute the latest share repurchases?

BBVA indicates that the reported repurchases in the Third Tranche were executed between 20 July and 24 July 2026, both dates inclusive. These trades form part of its ongoing share buyback program.

Who manages BBVA’s (BBVA) third tranche share buyback program?

BBVA states that Citigroup Global Markets Europe AG acts as the manager of the Third Tranche of its share buyback program, executing repurchases of BBVA shares on its behalf.

Under which regulation is BBVA (BBVA) conducting this buyback tranche?

BBVA notes that the Third Tranche is carried out 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.

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

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Available on EDGAR 07/27/2026 - 06:39 AM Accepted by SEC EDGAR 07/27/2026 - 06:39 AM 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 July, 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 20 July and 24 July 2026 (both inclusive):

The cash amount of the shares purchased to date as a result of the execution of the Third Tranche amounts to 1,295,054,815.83 Euros, which, approximately, represents 88.70% 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, 27 July 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: July 27, 2026
	By:	/s/ José María Caballero Cobacho
	Name: José María Caballero Cobacho
	Title: Head of ALM