Banco Santander (SAN) details €1.82B share buyback progress

Rhea-AI Filing Summary

Banco Santander provides an update on its share buyback programme. As of 4 March 2026, the bank has spent 1,816,349,835 Euros repurchasing its own shares, which is about 36.1% of the programme’s approved maximum investment.

These repurchases correspond to approximately 16.3% of Banco Santander’s outstanding shares as of 2021, indicating a sizable reduction in its share count over time. Between 27 February and 4 March 2026, the bank bought a total of 24,084,830 shares in multiple transactions on Spanish and European trading venues at weighted average prices around 9.6–10.9 Euros per share.

 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 March, 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 March 5, 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 27 February and 4 March (both inclusive).

The cash amount of the shares purchased to 4 March 2026 as a result of the execution of the Buyback Programme amounts to 1,816,349,835 Euros, which represents approximately 36.1% 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 16.3% of its outstanding shares as of 2021.

Date	Security	Transaction	Trading venue	Number of shares	Weighted average price (€)
27/02/2026	SAN	Purchase	XMAD	5,000,000	10.8788
02/03/2026	SAN	Purchase	XMAD	5,000,000	10.3017
02/03/2026	SAN	Purchase	CEUX	2,000,000	10.3022
03/03/2026	SAN	Purchase	XMAD	5,000,000	9.5657
03/03/2026	SAN	Purchase	CEUX	3,000,000	9.5663
04/03/2026	SAN	Purchase	XMAD	4,084,830	9.8929
			TOTAL	24,084,830

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), 5 March 2026

 

ANNEX I

Detailed information on each of the transactions carried out within the context of the Buy-back Programme between 27/02/2026 and 04/03/2026 (both inclusive)

(https://www.santander.com/content/dam/santander-com/es/documentos/cumplimiento/do-anexo-i-27-feb-a-04-marzo-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:	March 5, 2026	By:	/s/ Pedro de Mingo Kaminouchi
			Name:	Pedro de Mingo Kaminouchi
			Title:	Head of Corporate Compliance

FAQ

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

Banco Santander reports recent progress on its share buyback programme. It details purchases made between 27 February and 4 March 2026 and states the cumulative cash invested and proportion of shares repurchased relative to its 2021 outstanding share base.

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

Banco Santander has spent 1,816,349,835 Euros on its share buyback programme as of 4 March 2026. This amount corresponds to about 36.1% of the maximum investment authorized for the programme by the bank’s board of directors.

What portion of Banco Santander (SAN) shares has been repurchased?

Banco Santander states it has repurchased shares equal to approximately 16.3% of its outstanding shares as of 2021. This reflects the cumulative effect of the buyback programme on reducing the share count relative to that historical baseline.

How many Banco Santander (SAN) shares were bought in late February and early March 2026?

Between 27 February and 4 March 2026, Banco Santander bought 24,084,830 of its own shares. These purchases were executed across trading venues including XMAD and CEUX, at weighted average prices around 9.6 to 10.9 Euros per share.

On which markets did Banco Santander (SAN) execute these buyback trades?

The bank executed buyback trades in its ordinary shares under ISIN ES0113900J37 on venues including XMAD and CEUX. The filing lists trade dates, number of shares, and weighted average prices, with further transaction-level detail available in an attached annex document.

What regulations govern Banco Santander (SAN)’s buyback disclosure?

The disclosure cites 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 rules require detailed reporting of issuer share buyback transactions carried out in the market.