Nokia CEO acquires 84,404 shares via incentive plan

Nokia Corporation reported a managers’ transaction involving its Chief Executive Officer, Justin Hotard.

Rhea-AI Filing Summary

Nokia Corporation reported a managers’ transaction involving its Chief Executive Officer, Justin Hotard. On 28 April 2026, Hotard acquired 84,404 Nokia shares on Nasdaq Helsinki at a volume-weighted average price of 9.1477 EUR per share.

The acquisition was carried out under Nokia’s co-investment based long-term incentive arrangement, indicating it is part of an executive compensation and alignment program rather than an open-market trading strategy. This transaction was disclosed under Article 19 of the EU Market Abuse Regulation, which governs reporting of dealings by senior managers.

Key Figures

Shares acquired: 84,404 shares VWAP purchase price: 9.1477 EUR per share Transaction reference: 153788/5/4

3 metrics

Shares acquired 84,404 shares CEO Justin Hotard acquisition on 28 April 2026

VWAP purchase price 9.1477 EUR per share Volume-weighted average price on Nasdaq Helsinki

Transaction reference 153788/5/4 Notification reference for managers’ transaction

Key Terms

co-investment based long-term incentive arrangement, EU Market Abuse Regulation, Managers’ transactions, volume weighted average price

4 terms

co-investment based long-term incentive arrangement financial

"The acquisition was conducted in accordance with the co-investment based long-term incentive arrangement."

EU Market Abuse Regulation regulatory

"Transaction notification under Article 19 of EU Market Abuse Regulation."

A set of EU-wide rules that prevent cheating in financial markets by banning insider trading, market manipulation, and misleading disclosure; it also requires timely public release of key company information so everyone can play on a level field. For investors, it reduces the risk that prices are driven by secret deals or false signals, making markets fairer and more reliable for deciding when to buy or sell — like referees enforcing fair play in a game.

Managers’ transactions regulatory

"Nokia Corporation - Managers' transactions (Hotard)"

volume weighted average price financial

"Volume weighted average price: 9.1477 EUR"

The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.

FAQ

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

What manager transaction did Nokia (NOK) disclose in this 6-K filing?

Nokia disclosed that CEO Justin Hotard acquired 84,404 Nokia shares on 28 April 2026. The shares were bought on Nasdaq Helsinki at a volume-weighted average price of 9.1477 EUR under a co-investment long-term incentive arrangement.

How many Nokia (NOK) shares did CEO Justin Hotard acquire and at what price?

Justin Hotard acquired 84,404 Nokia shares at a volume-weighted average price of 9.1477 EUR per share. The transaction occurred on 28 April 2026 on Nasdaq Helsinki as part of a co-investment based long-term incentive arrangement.

On which exchange was the Nokia (NOK) CEO share acquisition executed?

The acquisition of Nokia shares by CEO Justin Hotard was executed on Nasdaq Helsinki (XHEL). The transaction involved 84,404 shares purchased at a volume-weighted average price of 9.1477 EUR under Nokia’s co-investment long-term incentive plan.

Under what regulatory framework was the Nokia (NOK) CEO transaction reported?

The CEO’s share acquisition was reported as a managers’ transaction under Article 19 of the EU Market Abuse Regulation. This framework requires senior managers and closely associated persons to disclose trades in the issuer’s financial instruments promptly and transparently.

What compensation arrangement is linked to the Nokia (NOK) CEO share acquisition?

The acquisition was conducted in accordance with Nokia’s co-investment based long-term incentive arrangement. This type of plan typically links executive compensation to share ownership, aiming to align management interests with shareholders through equity-based incentives rather than one-off market trades.

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

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Accepted by SEC EDGAR 04/28/2026 - 12:31 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

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

the Securities Exchange Act of 1934

Report on Form 6-K dated April 28, 2026

(Commission File No. 1-13202)

Nokia Corporation

Karakaari 7

FI-02610 Espoo

Finland

(Translation of the registrant’s name into English and address of registrant’s 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: ¨

Enclosures:

· Nokia Corporation - Managers' transactions (Hotard)

	Stock exchange release		1 (1)
	28 April 2026

Nokia Corporation
Managers’ transactions

28 April 2026 at 19.30 EEST

Nokia Corporation - Managers' transactions (Hotard)

Transaction notification under Article 19 of EU Market Abuse Regulation.

The acquisition was conducted in accordance with the co-investment based long-term incentive arrangement.

____________________________________________

Person subject to the notification requirement

Name: Hotard, Justin

Position:

Chief Executive Officer

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 153788/5/4

____________________________________________

Transaction date: 2026-04-28

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: ACQUISITION

Transaction details

(1): Volume: 84404 Unit price: 9.1477 EUR

Aggregated transactions

(1): Volume: 84404 Volume weighted average price: 9.1477 EUR

____________________________________________

About Nokia

Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.

Inquiries:

Nokia

Communications

Phone: +358 10 448 4900

Email: press.services@nokia.com

Maria Vaismaa, Vice President, Corporate Communications

Nokia

Investor Relations

Phone: +358 931 580 507

Email: investor.relations@nokia.com

www.nokia.com

SIGNATURE

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

Date: April 28, 2026	Nokia Corporation
	By:	/s/ Johanna Mandelin
	Name:	Johanna Mandelin
	Title:	Global Head of Corporate Legal