Banco Santander (BCDRF) details €1.57B share buyback progress

Rhea-AI Filing Summary

Banco Santander, S.A. reports progress on its share buyback programme. Between 19 and 26 February 2026, the bank repurchased 39,366,374 ordinary shares across several European trading venues at weighted average prices around €10.6–€11.1 per share.

The cash amount invested in shares purchased up to 26 February 2026 totals €1,572,905,221, described as approximately 31.3% of the programme’s maximum investment amount. The bank states that, with these purchases, it has bought back approximately 16.1% of its outstanding shares as of 2021 under this programme.

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

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of February, 2026

Commission File Number: 001-12518

Banco Santander, S.A.

(Exact name of registrant as specified in its charter)

Ciudad Grupo Santander

28660 Boadilla del Monte (Madrid) Spain

(Address of principal executive office)

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

Banco Santander, S.A.

TABLE OF CONTENTS

Item
1	Report of Other Relevant Information dated February 27, 2026

Item 1

 

Banco Santander, S.A. (the “Bank” or “Banco Santander”), in compliance with the Securities Market legislation, hereby communicates the following:

OTHER RELEVANT INFORMATION

Reference is made to our notice of inside information of 4 February 2026 (official registry number 3077) (the “Buyback Commencement Communication”), relating to the buyback programme of own shares (the “Buyback Programme”) approved by the Board of Directors of Banco Santander.

Pursuant to article 5 of Regulation (EU) no. 596/2014 on Market Abuse of 16 April 2014, and articles 2.2 and 2.3 of Commission Delegated Regulation (EU) 2016/1052, of 8 March 2016, the Bank informs of the transactions carried out over its own shares between 19 and 26 February (both inclusive).

The cash amount of the shares purchased to 26 February 2026 as a result of the execution of the Buyback Programme amounts to 1,572,905,221 Euros, which represents approximately 31.3% of the maximum investment amount of the Buyback Programme. The programme was announced together with its other characteristics through the Buyback Commencement Communication. With these purchases, the Bank has repurchased approximately 16.1% of its outstanding shares as of 2021.

Date	Security	Transaction	Trading venue	Number of shares	Weighted average price (€)
19/02/2026	SAN	Purchase	XMAD	7,117,000	10.6587
19/02/2026	SAN	Purchase	CEUX	3,799,000	10.6423
19/02/2026	SAN	Purchase	TQEX	475,000	10.6584
19/02/2026	SAN	Purchase	AQEU	714,444	10.6495
20/02/2026	SAN	Purchase	XMAD	6,183,000	10.7151
20/02/2026	SAN	Purchase	CEUX	3,915,000	10.7151
20/02/2026	SAN	Purchase	TQEX	487,000	10.7126
20/02/2026	SAN	Purchase	AQEU	675,930	10.7166
23/02/2026	SAN	Purchase	XMAD	4,000,000	11.0480
24/02/2026	SAN	Purchase	XMAD	1,000,000	10.6171
25/02/2026	SAN	Purchase	XMAD	4,000,000	11.0240
25/02/2026	SAN	Purchase	CEUX	1,000,000	11.0228
26/02/2026	SAN	Purchase	XMAD	5,000,000	11.0900
26/02/2026	SAN	Purchase	CEUX	1,000,000	11.0892
			TOTAL	39,366,374

Issuer name: Banco Santander, S.A. - LEI 5493006QMFDDMYWIAM13

Reference of the financial instrument: ordinary shares - Code ISIN ES0113900J37

Detailed information of the transactions carried out within the referred period is attached as Annex I.

Boadilla del Monte (Madrid), 27 February 2026

 

ANNEX I

Detailed information on each of the transactions carried out within the context of the Buy-back Programme between 19/02/2026 and 26/02/2026 (both inclusive)

(https://www.santander.com/content/dam/santander-com/es/documentos/cumplimiento/do-anexo-i-19-a-26-02-2026-es.pdf)

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 Santander, S.A.
Date:	February 27, 2026	By:	/s/ Pedro de Mingo Kaminouchi
			Name:	Pedro de Mingo Kaminouchi
			Title:	Head of Corporate Compliance

FAQ

What does Banco Santander (BCDRF) report in this 6-K filing?

Banco Santander reports recent activity in its share buyback programme. It details purchases of 39,366,374 ordinary shares between 19 and 26 February 2026 and explains how much cash has been invested so far and what portion of the planned programme this represents.

How much has Banco Santander (BCDRF) spent on its buyback programme so far?

Banco Santander states it has invested €1,572,905,221 in its buyback programme up to 26 February 2026. This cash amount corresponds to approximately 31.3% of the maximum investment amount approved for the programme, showing that a significant portion remains available for future repurchases.

How many shares did Banco Santander (BCDRF) repurchase in February 2026?

Between 19 and 26 February 2026, Banco Santander repurchased 39,366,374 ordinary shares. These trades were executed across several venues, including XMAD and CEUX, at weighted average prices generally between about €10.6 and €11.1 per share during the reported period.

What percentage of shares has Banco Santander (BCDRF) bought back under this programme?

Banco Santander indicates that, with the reported purchases, it has repurchased approximately 16.1% of its outstanding shares as of 2021. This figure reflects cumulative activity under the ongoing buyback programme referenced in the company’s earlier buyback commencement communication.

Which security is being repurchased in Banco Santander’s (BCDRF) buyback programme?

The programme covers Banco Santander’s ordinary shares, identified with ISIN code ES0113900J37. The filing lists the security as "SAN" on trading venues such as XMAD and CEUX, and all reported transactions during the period relate to these ordinary shares of the bank.

Where can investors find detailed trade data for Banco Santander’s (BCDRF) buyback?

Banco Santander provides a detailed Annex I with transaction-level data for the buyback between 19 and 26 February 2026. The annex is accessible through the linked PDF address in the report and includes specific information for each individual share repurchase transaction executed.