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Banco Santander (NYSE: SAN) details 3,756,788,259 Euros share buyback progress

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Banco Santander reports further progress on its share buyback programme. Between 2 and 8 July 2026, the bank repurchased 10,175,407 ordinary shares on the Madrid exchange under its ongoing Buyback Programme.

The total cash invested in buybacks up to 8 July 2026 amounts to 3,756,788,259 Euros, which is approximately 74.7% of the programme’s maximum investment amount. The bank states that, with these purchases, it has repurchased approximately 17.4% of its outstanding shares as of 2021.

Positive

  • Substantial buyback progress: Banco Santander has invested 3,756,788,259 Euros in its Buyback Programme, reaching approximately 74.7% of the maximum authorised amount and repurchasing about 17.4% of its outstanding shares as of 2021.

Negative

  • None.

Insights

Large ongoing buyback returns capital and reduces share count.

Banco Santander reports that its Buyback Programme has reached 3,756,788,259 Euros in repurchases, equal to about 74.7% of the authorised maximum. This represents a substantial capital return funded by the bank to reduce its equity base.

The bank notes that buybacks so far equal roughly 17.4% of its outstanding shares as of 2021, indicating a meaningful reduction in share count over time. Actual per-share benefits depend on future earnings and how the remaining portion of the programme is executed.

Investors can use these disclosed figures to gauge how the completed and remaining buybacks affect ownership percentages and potential per-share metrics once the programme, as described in the earlier commencement communication, is fully executed.

Buyback cash invested 3,756,788,259 Euros Total cash amount of shares purchased to 8 July 2026
Buyback completion 74.7% of maximum investment Portion of Buyback Programme limit used by 8 July 2026
Shares repurchased vs 2021 17.4% of outstanding shares Repurchased as a proportion of outstanding shares as of 2021
Shares bought 2–8 July 2026 10,175,407 shares Total ordinary shares repurchased over the disclosed week
Purchase on 2 July 2026 1,319,652 shares at 12.2656 Euros XMAD transaction, weighted average price
Purchase on 8 July 2026 3,000,000 shares at 11.9252 Euros XMAD transaction, weighted average price
Buyback Programme financial
"relating to the buyback programme of own shares (the “Buyback Programme”)"
inside information regulatory
"notice of inside information of 4 February 2026 (official registry number 3077)"
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 on Market Abuse regulatory
"Pursuant to article 5 of Regulation (EU) no. 596/2014 on Market Abuse of 16 April 2014"
Commission Delegated Regulation (EU) 2016/1052 regulatory
"and articles 2.2 and 2.3 of Commission Delegated Regulation (EU) 2016/1052, of 8 March 2016"
weighted average price financial
"Number of shares | Weighted average price (€)"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
own shares financial
"buyback programme of own shares (the “Buyback Programme”)"
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FAQ

How much has Banco Santander (SAN) spent on its share buyback so far?
Banco Santander has spent 3,756,788,259 Euros on its Buyback Programme up to 8 July 2026. This cash amount reflects the cumulative cost of purchasing its own shares since the programme began, as referenced in the earlier buyback commencement communication.

What portion of Banco Santander’s buyback programme is completed?
Banco Santander states that 3,756,788,259 Euros represent approximately 74.7% of the Buyback Programme’s maximum investment amount. This indicates that just over three-quarters of the authorised repurchase capacity has been used, with the remaining portion still available for future buybacks.

How many Banco Santander shares were repurchased between 2 and 8 July 2026?
Between 2 and 8 July 2026, Banco Santander repurchased 10,175,407 ordinary shares. These purchases were executed on the Madrid stock exchange (XMAD) under ticker SAN, with daily transactions at different weighted average prices in Euros during that period.

What percentage of Banco Santander’s share capital has been bought back?
The bank reports that, with the purchases made so far, it has repurchased approximately 17.4% of its outstanding shares as of 2021. This percentage illustrates the scale of the Buyback Programme relative to the historical share count used as the reference point.

On which market did Banco Santander execute these July 2026 buybacks?
Banco Santander executed the disclosed July 2026 buybacks on the Madrid stock exchange (XMAD) under the security code SAN. Each trading day between 2 and 8 July shows purchases of ordinary shares at specific weighted average prices in Euros.

What regulations govern Banco Santander’s Buyback Programme disclosed here?
The bank states that its buyback transactions follow article 5 of Regulation (EU) No. 596/2014 on Market Abuse and articles 2.2 and 2.3 of Commission Delegated Regulation (EU) 2016/1052. These European rules set conditions for issuer share repurchase programmes.

 

 

 

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 July, 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 July 9, 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 2 and 8 July (both inclusive).

 

The cash amount of the shares purchased to 8 July 2026 as a result of the execution of the Buyback Programme amounts to 3,756,788,259 Euros, which represents approximately 74.7% 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 17.4% of its outstanding shares as of 2021.

 

Date Security Transaction Trading venue Number of shares Weighted average price (€)
02/07/2026 SAN Purchase XMAD 1,319,652 12.2656
03/07/2026 SAN Purchase XMAD 2,000,000 12.4069
06/07/2026 SAN Purchase XMAD 1,855,755 12.4454
07/07/2026 SAN Purchase XMAD 2,000,000 12.5256
08/07/2026 SAN Purchase XMAD 3,000,000 11.9252
      TOTAL 10,175,407  

 

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), 9 July 2026

 

 

 

 

 

ANNEX I

 

Detailed information on each of the transactions carried out within the context of the Buy-back Programme between 02/07/2026 and 08/07/2026 (both inclusive)

 

(https://www.santander.com/content/dam/santander-com/es/documentos/cumplimiento/do-anexo-i-02-a-08-julio-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: July 9, 2026 By: /s/ Pedro de Mingo Kaminouchi
      Name: Pedro de Mingo Kaminouchi
      Title: Head of Corporate Compliance

 

 

Source: View Original Filing on SEC EDGAR