Novo Nordisk (NYSE: NVO) details progress in DKK 15B buyback

Rhea-AI Filing Summary

Novo Nordisk A/S reports progress on its ongoing share repurchase programme. The company plans to buy back up to DKK 15 billion of B shares over a 12‑month period beginning 4 February 2026, including a sub-programme of up to DKK 3.8 billion running to 4 May 2026.

As of 1 April 2026, Novo Nordisk has repurchased 9,967,992 B shares at an average price of DKK 259.47, for a total of DKK 2,586,404,548. The company now holds 27,357,791 B shares as treasury shares, equal to 0.6% of its total share capital of 4,465,000,000 A and B shares.

Key Figures

Overall buyback size: DKK 15 billion Current sub-programme size: DKK 3.8 billion Shares repurchased: 9,967,992 B shares +5 more

8 metrics

Overall buyback size DKK 15 billion Planned share repurchases over 12 months from 4 February 2026

Current sub-programme size DKK 3.8 billion B share repurchases from 4 February 2026 to 4 May 2026

Shares repurchased 9,967,992 B shares Bought between 4 February 2026 and 1 April 2026

Average repurchase price DKK 259.47 per B share Average price paid for 9,967,992 B shares

Total repurchase value DKK 2,586,404,548 Cost of 9,967,992 B shares repurchased as of 1 April 2026

Treasury shares held 27,357,791 B shares Treasury position after recent repurchases

Treasury share percentage 0.6% of share capital Portion of 4,465,000,000 total A and B shares

Employees 68,800 Global workforce across 80 countries

Key Terms

share repurchase programme, treasury shares, Safe Harbour Rules, foreign private issuer, +1 more

5 terms

share repurchase programme financial

"Novo Nordisk initiated a share repurchase programme in accordance with Article 5..."

A share repurchase programme is a company's plan to buy back its own shares from the market. This reduces the total number of shares available, which can increase the value of remaining shares and signal confidence in the company's health. For investors, it can indicate that the company believes its stock is undervalued and may lead to higher share prices.

treasury shares financial

"Novo Nordisk owns a total of 27,357,791 B shares of DKK 0.10 as treasury shares..."

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.

Safe Harbour Rules regulatory

"in accordance with... (the "Safe Harbour Rules")."

foreign private issuer regulatory

"REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16..."

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

ADR financial

"Its ADRs are listed on the New York Stock Exchange (NVO)."

An American Depositary Receipt (ADR) is a financial certificate that lets investors buy shares of a foreign company through U.S. stock markets, similar to buying a local wrapper that represents the underlying foreign shares. ADRs matter because they make investing in overseas companies easier and more liquid by trading in U.S. dollars and under U.S. market rules, while still carrying currency, regulatory, and country-specific risks that can affect share value.

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

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

of the Securities Exchange Act of 1934

April 7, 2026

________________

NOVO NORDISK A/S

 (Exact name of Registrant as specified in its charter)

Novo Allé 1

DK- 2880, Bagsvaerd

Denmark

(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 ☒           Form 40-F ☐

 

 

Novo Nordisk A/S – Share repurchase programme

Bagsværd, Denmark, 7 April 2026 – On 4 February 2026, Novo Nordisk initiated a share repurchase programme in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the "Safe Harbour Rules"). This programme is part of the overall share repurchase programme of up to DKK 15 billion to be executed during a 12-month period beginning 4 February 2026.

Under the programme initiated 4 February 2026, Novo Nordisk will repurchase B shares for an amount up to DKK 3.8 billion in the period from 4 February 2026 to 4 May 2026.

Since the announcement 30 March 2026, the following transactions have been made:

	Number of B shares	Average purchase price	Transaction value, DKK
Accumulated, last announcement	9,162,992		2,399,878,368
30 March 2026	265,000	229.27	60,755,278
31 March 2026	270,000	229.85	62,060,061
1 April 2026	270,000	235.97	63,710,841
Accumulated under the programme	9,967,992		2,586,404,548

The details for each transaction made under the share repurchase programme are published on novonordisk.com.

With the transactions stated above, Novo Nordisk owns a total of 27,357,791 B shares of DKK 0.10 as treasury shares, corresponding to 0.6% of the share capital. The total amount of A and B shares in the company is 4,465,000,000 including treasury shares.

Page 2 of 2

Novo Nordisk expects to repurchase B shares for an amount up to DKK 15 billion during a 12-month period beginning 4 February 2026. As of 1 April 2026, Novo Nordisk has since 4 February 2026 repurchased a total 9,967,992 B shares at an average share price of DKK 259.47 per B share equal to a transaction value of DKK 2,586,404,548.

Novo Nordisk is a leading global healthcare company founded in 1923 and headquartered in Denmark. Our purpose is to drive change to defeat serious chronic diseases built upon our heritage in diabetes. We do so by pioneering scientific breakthroughs, expanding access to our medicines and working to prevent and ultimately cure disease. Novo Nordisk employs about 68,800 people in 80 countries and markets its products in around 170 countries. Novo Nordisk's B shares are listed on Nasdaq Copenhagen (Novo-B). Its ADRs are listed on the New York Stock Exchange (NVO). For more information, visit novonordisk.com, Facebook, Instagram, X, LinkedIn and YouTube.

Contacts for further information

Media:
Ambre James-Brown	Liz Skrbkova (US)
+45 3079 9289	+1 609 917 0632
globalmedia@novonordisk.com	lzsk@novonordisk.com
Investors:
Michael Novod	Jacob Martin Wiborg Rode
+45 3075 6050	+45 3075 5956
nvno@novonordisk.com	jrde@novonordisk.com
Max Ung	Sina Meyer
+45 3077 6414	+45 3079 6656
mxun@novonordisk.com	azey@novonordisk.com
Alex Bruce	Christoffer Sho Togo Tullin
+45 34 44 26 13	+45 3079 1471
axeu@novonordisk.com	cftu@novonordisk.com
Frederik Taylor Pitter
+1 609 613 0568
fptr@novonordisk.com

Novo Nordisk A/S Investor Relations	Novo Allé 1 2880 Bagsværd Denmark	Telephone: +45 4444 8888	www.novonordisk.com CVR no: 24 25 67 90
			Company announcement No 24 / 2026

SIGNATURES

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

Date: April 7, 2026   NOVO NORDISK A/S   Maziar Mike Doustdar Chief Executive Officer

FAQ

What share repurchase programme has Novo Nordisk (NVO) announced?

Novo Nordisk has an overall share repurchase programme of up to DKK 15 billion over 12 months from 4 February 2026. This includes repurchases of B shares to adjust capital structure and manage treasury holdings over the stated period.

How much stock has Novo Nordisk (NVO) repurchased so far in 2026?

As of 1 April 2026, Novo Nordisk has repurchased 9,967,992 B shares since 4 February 2026. The average purchase price is DKK 259.47 per B share, for a total transaction value of DKK 2,586,404,548 under the programme.

What portion of Novo Nordisk’s share capital is held as treasury shares?

Novo Nordisk now owns 27,357,791 B shares of DKK 0.10 as treasury shares. This represents 0.6% of the company’s total share capital of 4,465,000,000 A and B shares, including those held in treasury.

What is the size and timing of Novo Nordisk’s current sub-programme?

Under the sub-programme initiated 4 February 2026, Novo Nordisk will repurchase B shares for up to DKK 3.8 billion. This tranche runs from 4 February 2026 to 4 May 2026 and operates under EU Safe Harbour Rules for share buybacks.

On which exchanges are Novo Nordisk (NVO) shares listed?

Novo Nordisk’s B shares are listed on Nasdaq Copenhagen under the symbol Novo-B. Its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange under the ticker NVO, giving investors international access.

How large is Novo Nordisk’s global business footprint?

Novo Nordisk is a global healthcare company employing about 68,800 people in 80 countries. It markets its products in around 170 countries, with a core focus on serious chronic diseases such as diabetes and related conditions worldwide.