Nokia (NOK) grants 43,552,813 shares under equity incentive plans

Rhea-AI Filing Summary

Nokia Corporation transferred 43,552,813 of its own shares without consideration to participants in its equity-based incentive plans, as previously authorized by the Board of Directors. These shares were used to settle commitments under the plans rather than sold on the market.

Following the transfer, Nokia holds 88,583,624 own shares. Several senior managers, including Chief Financial Officer Marco Wirén, received shares as part of these share-based incentives, with individual grants ranging from a few thousand shares to more than 380,000 shares, all recorded as receipts of share-based incentives outside a trading venue on 9 July 2026.

Key Figures

Shares transferred for incentives: 43,552,813 shares Own shares after transfer: 88,583,624 shares CFO Wirén grant: 122,656 shares +4 more

7 metrics

Shares transferred for incentives 43,552,813 shares Own shares transferred without consideration to plan participants on 9 July 2026

Own shares after transfer 88,583,624 shares Nokia treasury shares remaining after incentive-plan settlement

CFO Wirén grant 122,656 shares Share-based incentive received by Chief Financial Officer on 9 July 2026

Sahgal grant 384,402 shares Share-based incentive to senior manager Raghav Sahgal

Heard grant 184,900 shares Share-based incentive to senior manager David Heard

Niinimäki grant 85,526 shares Share-based incentive to senior manager Esa Niinimäki

Fisk grant 35,088 shares Share-based incentive to senior manager Louise Fisk

Key Terms

share-based incentive, equity-based incentive plans, own shares, EU Market Abuse Regulation, +1 more

5 terms

share-based incentive financial

"Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE"

Share-based incentive is a form of pay where a company rewards employees, executives or directors with company stock or rights to buy stock instead of, or in addition to, cash. It matters to investors because it aligns staff incentives with shareholder outcomes—like paying team members with slices of the same cake they are meant to grow—while increasing the number of shares outstanding, which can reduce each existing share’s claim on profits and affect reported earnings per share.

equity-based incentive plans financial

"participants of Nokia's equity-based incentive plans in accordance with the rules"

Equity-based incentive plans are programs that pay employees, executives or directors in company stock or stock-like instruments instead of cash, similar to giving people slices of a pie so their success depends on the pie growing. They matter to investors because they tie workers’ interests to shareholder value—encouraging performance—but can also increase the total number of shares and reduce each existing share’s ownership and earnings per share over time.

own shares financial

"Changes in Nokia Corporation's own shares"

Shares a company owns in itself are pieces of its stock that it has bought back or is holding in a treasury account instead of being owned by outside investors. For investors this matters because those held shares reduce the number of shares available on the market and can change per-share metrics and voting power—like a shop removing some items from the shelf, which alters the supply and how value is divided among remaining owners.

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.

treasury shares financial

"Nokia shares (NOKIA) held by the company were transferred today"

Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.

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FAQ

What did Nokia (NOK) announce about its own shares on 9 July 2026?

Nokia transferred 43,552,813 treasury shares without consideration to participants in its equity-based incentive plans. The move settles commitments under existing plans and reduces the company’s own share holdings while compensating employees in stock rather than cash.

How many own shares does Nokia (NOK) hold after the latest transfer?

After the incentive-plan transfer, Nokia holds 88,583,624 own shares. These are treasury shares remaining on the company’s balance sheet following the issuance of 43,552,813 shares to settle equity-based incentive commitments.

Which Nokia (NOK) executives received share-based incentives in July 2026?

Several senior managers received Nokia shares as incentives, including Marco Wirén (CFO), David Heard, Raghav Sahgal, Esa Niinimäki and others. Each transaction is classified as a receipt of a share-based incentive outside a trading venue on 9 July 2026.

How many Nokia shares did CFO Marco Wirén receive as an incentive?

CFO Marco Wirén received 122,656 Nokia shares as a share-based incentive. The transaction was recorded outside a trading venue on 9 July 2026, with the nature of the transaction described as receipt of a share-based incentive and no unit price disclosed.

What was the largest individual share-based grant disclosed by Nokia (NOK)?

The largest disclosed individual grant was to Raghav Sahgal, who received 384,402 Nokia shares as a share-based incentive. Like other awards, it was executed outside a trading venue on 9 July 2026 and reported under EU Market Abuse Regulation rules.

Were Nokia’s July 2026 share-based incentives cash transactions?

The disclosed awards are share receipts without a stated unit price. The 43,552,813-share transfer to plan participants is explicitly described as made without consideration, indicating stock-based compensation rather than cash purchases on the market.

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 July 09, 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:

· Managers Transactions, nine separate releases (Fisk, Hammarén, Hanrahan, Hautala, Heard, Niinimäki, Prosi, Sahgal, Wirén)

· Changes in Nokia Corporation's own shares

  Stock exchange release

9 July 2026 1 (1)

Nokia Corporation
Managers’ transactions
9 July 2026 at 18:30 EEST

Nokia Corporation - Managers' transactions (Fisk)

Transaction notification under Article 19 of EU Market Abuse Regulation.

____________________________________________

Person subject to the notification requirement

Name: Fisk, Louise

Position: Other senior manager

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 165809/4/4

____________________________________________

Transaction date: 2026-07-09

Outside a trading venue

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 35088 Unit price: N/A

Aggregated transactions

(1): Volume: 35088 Volume weighted average price: N/A

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

  Stock exchange release

9 July 2026 1 (1)

Nokia Corporation
Managers’ transactions
9 July 2026 at 18:30 EEST

Nokia Corporation - Managers' transactions (Hammarén)

Transaction notification under Article 19 of EU Market Abuse Regulation.

____________________________________________

Person subject to the notification requirement

Name: Hammarén, Patrik

Position: Other senior manager

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 165815/6/6

____________________________________________

Transaction date: 2026-07-09

Outside a trading venue

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 7237 Unit price: N/A

Aggregated transactions

(1): Volume: 7237 Volume weighted average price: N/A

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

  Stock exchange release

9 July 2026 1 (1)

Nokia Corporation
Managers’ transactions
9 July 2026 at 18:30 EEST

Nokia Corporation - Managers' transactions (Hanrahan)

Transaction notification under Article 19 of EU Market Abuse Regulation.

____________________________________________

Person subject to the notification requirement

Name: Hanrahan, Victoria

Position: Other senior manager

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 165817/4/4

____________________________________________

Transaction date: 2026-07-09

Outside a trading venue

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 2400 Unit price: N/A

Aggregated transactions

(1): Volume: 2400 Volume weighted average price: N/A

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

  Stock exchange release

9 July 2026 1 (1)

Nokia Corporation
Managers’ transactions
9 July 2026 at 18:30 EEST

Nokia Corporation - Managers' transactions (Hautala)

Transaction notification under Article 19 of EU Market Abuse Regulation.

____________________________________________

Person subject to the notification requirement

Name: Hautala, Mikko

Position: Other senior manager

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 165763/4/4

____________________________________________

Transaction date: 2026-07-09

Outside a trading venue

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 25401 Unit price: N/A

Aggregated transactions

(1): Volume: 25401 Volume weighted average price: N/A

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

  Stock exchange release

9 July 2026 1 (1)

Nokia Corporation
Managers’ transactions
9 July 2026 at 18:30 EEST

Nokia Corporation - Managers' transactions (Heard)

Transaction notification under Article 19 of EU Market Abuse Regulation.

____________________________________________

Person subject to the notification requirement

Name: Heard, David

Position: Other senior manager

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 165760/5/4

____________________________________________

Transaction date: 2026-07-09

Outside a trading venue

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 184900 Unit price: N/A

Aggregated transactions

(1): Volume: 184900 Volume weighted average price: N/A

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

  Stock exchange release

9 July 2026 1 (1)

Nokia Corporation
Managers’ transactions
9 July 2026 at 18:30 EEST

Nokia Corporation - Managers' transactions (Niinimäki)

Transaction notification under Article 19 of EU Market Abuse Regulation.

____________________________________________

Person subject to the notification requirement

Name: Niinimäki, Esa

Position: Other senior manager

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 165796/4/4

____________________________________________

Transaction date: 2026-07-09

Outside a trading venue

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 85526 Unit price: N/A

Aggregated transactions

(1): Volume: 85526 Volume weighted average price: N/A

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

  Stock exchange release

9 July 2026 1 (1)

Nokia Corporation
Managers’ transactions
9 July 2026 at 18:30 EEST

Nokia Corporation - Managers' transactions (Prosi)

Transaction notification under Article 19 of EU Market Abuse Regulation.

____________________________________________

Person subject to the notification requirement

Name: Prosi, Stephan

Position: Other senior manager

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 165778/4/4

____________________________________________

Transaction date: 2026-07-09

Outside a trading venue

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 18326 Unit price: N/A

Aggregated transactions

(1): Volume: 18326 Volume weighted average price: N/A

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

  Stock exchange release

9 July 2026 1 (1)

Nokia Corporation
Managers’ transactions
9 July 2026 at 18:30 EEST

Nokia Corporation - Managers' transactions (Sahgal)

Transaction notification under Article 19 of EU Market Abuse Regulation.

____________________________________________

Person subject to the notification requirement

Name: Sahgal, Raghav

Position: Other senior manager

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 165787/4/4

____________________________________________

Transaction date: 2026-07-09

Outside a trading venue

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 384402 Unit price: N/A

Aggregated transactions

(1): Volume: 384402 Volume weighted average price: N/A

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

  Stock exchange release

9 July 2026 1 (1)

Nokia Corporation
Managers’ transactions
9 July 2026 at 18:30 EEST

Nokia Corporation - Managers' transactions (Wirén)

Transaction notification under Article 19 of EU Market Abuse Regulation.

____________________________________________

Person subject to the notification requirement

Name: Wirén, Marco

Position: Chief Financial Officer

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 165767/4/4

____________________________________________

Transaction date: 2026-07-09

Outside a trading venue

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 122656 Unit price: N/A

Aggregated transactions

(1): Volume: 122656 Volume weighted average price: N/A

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

  Stock exchange release

9 July 2026 1 (1)

Nokia Corporation
Stock Exchange Release
9 July 2026 at 18:30 EEST

Changes in Nokia Corporation's own shares

Espoo, Finland – A total of 43 552 813 Nokia shares (NOKIA) held by the company were transferred today without consideration to participants of Nokia's equity-based incentive plans in accordance with the rules of the plans. The transfer is based on the resolution of the Board of Directors to issue shares held by the company to settle its commitments to participants of the incentive plans as announced on 2 October 2025.

The number of own shares held by Nokia Corporation following the transfer is 88 583 624.

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: July 09, 2026	Nokia Corporation
	By:	/s/ Johanna Mandelin
	Name:	Johanna Mandelin
	Title:	Global Head of Corporate Legal