SK Telecom (NYSE: SKM) to use 71,726 treasury shares for 2021 stock options

Rhea-AI Filing Summary

SK Telecom Co., Ltd. plans to dispose of 71,726 common treasury shares to satisfy executive stock option exercises. The shares are priced at 50,276 Korean won each, for an estimated aggregate value of 3,606,096,376 won.

The disposal will occur over the counter between February 4, 2026 and March 25, 2026, with 9 current and retired executive officers as counterparties. Before this transaction, SK Telecom held 1,807,778 common treasury shares, representing 0.84% of its shares.

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

FOR THE MONTH OF JANUARY 2026

Commission File Number: 333-04906

SK Telecom Co., Ltd.

(Translation of registrant’s name into English)

65, Euljiro, Jung-gu

Seoul 04539, Korea

(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 ☒     Form 40-F ☐

Disposal of Treasury Shares

1. Number of Treasury Shares to be Disposed

Common shares

71,726

Preferred shares

—

2. Price of the Treasury Shares to be Disposed (Won)

Common shares

50,276

Preferred shares

—

3. Estimated Aggregate Disposal Value (Won)

Common shares

3,606,096,376

Preferred shares

—

4. Disposal Period

From

February 4, 2026

To

March 25, 2026

5. Purpose of Disposal

Disclosure of the entire stock option grant approved at a previous annual general meeting of shareholders due to the initial exercise of stock options

6. Method of Disposal

Over-the-counter

7. Disposal Counterparties

9 current and retired executive officers

8. Investment Brokerage Agent

—

9. Treasury Shares Held Before Disposal

Acquisition within Limit Based on Maximum Amount of Dividends Payable

Common shares

1,807,778

Percentage of shares (%)

0.84

Preferred shares

—

Percentage of shares (%)

—

Other Acquisition

Common shares

—

Percentage of shares (%)

—

Preferred shares

—

Percentage of shares (%)

—

10. Date of Decision of Disposal

January 28, 2026

-   Attendance of Outside Directors

—

-   Attendance of Auditors (Audit Committee Members who are not Outside Directors)

—

11. Maximum Daily Sale Order

Common shares

—

Preferred shares

—

12. Other Matters Relating to an Investment Decision

- In accordance with Article 5-9 of the Regulation on Securities Issuance and Disclosure, this report concerns the disclosure of all stock options granted at the general meeting of shareholders held in 2021 (the “2021 General Meeting of Shareholders”) as shares scheduled for disposal, triggered by the initial exercise of stock options by certain of the grantees. Currently, 609 shares have been confirmed for disposal (exercising grantee: one retired executive officer).

- Regarding Item 1 above, in accordance with Article 5-9 of the Regulation on Securities Issuance and Disclosure, the number of treasury shares to be disposed of includes all stock options granted at the 2021 General Meeting of Shareholders (101,060 shares), except shares for which rights have expired (29,334 shares). If stock options are exercised in the future, the number of treasury shares to be disposed of will be confirmed and distributed accordingly.

- As the holder of the stock options that were exercised at this time have elected for the “compensation in treasury shares for the difference in price” method, SK Telecom Co., Ltd. (the “Company”) will transfer treasury shares equivalent in value to the difference between the exercise price and the closing market price on the exercise date. A total of 5,375 stock options have been exercised, and 609 treasury shares have been confirmed for payment. The number of shares to be disposed of was calculated based on the closing market price on the stock option exercise date.

- Among the exercisable stock options, 66,351 shares remain unconfirmed for disposal and may be subject to change depending on future exercise requests and methods of settlement.

(Unit: shares and Won)

Classification		Exercisable stock options		Exercised		Not yet exercised		Exercise price		Exercisable period
Granted in 2021		71,726		5,375		66,351		50,276		March 25, 2026
Total		71,726		5,375		66,351

- Regarding Item 2 above, the price of the treasury shares to be disposed of is the exercise price of the stock options.

- Regarding Item 3 above, the estimated aggregate disposal value has been calculated by multiplying the number of shares to be disposed of by the disposal price per share.

- Regarding Item 6 above, the disposal will be implemented by the transfer of shares from the Company’s securities account for treasury shares to the securities account of each recipient.

- Pursuant to Article 176-2 of the Financial Investment Services and Capital Markets Act, a separate resolution by the board of directors is not required.

[Treasury Shares Held Prior to Decision on Disposal of Treasury Shares]

(Unit: shares) 

Method of acquisition						Type of shares		Beginning		Change						End		Notes
										Acquired (+)		Disposed (–)		Cancelled (–)
Acquisition within limit based on maximum amount of dividends payable		Direct acquisition		Direct acquisition through stock exchange		Common shares		—		—		—		—		—		—
						Preferred shares		—		—		—		—		—		—
				Over-the-counter acquisition		Common shares		—		—		—		—		—		—
						Preferred shares		—		—		—		—		—		—
				Tender offer		Common shares		—		—		—		—		—		—
						Preferred shares		—		—		—		—		—		—
				Subtotal (a)		Common shares		—		—		—		—		—		—
						Preferred shares		—		—		—		—		—		—
		Acquisition through broker		Held in trust by broker		Common shares		—		—		—		—		—		—
						Preferred shares		—		—		—		—		—		—
				Held by Company		Common shares		1,807,778		—		—		—		1,807,778		—
						Preferred shares		—		—		—		—		—		—
				Subtotal (b)		Common shares		1,807,778		—		—		—		1,807,778		—
						Preferred shares		—		—		—		—		—		—
Other acquisition (c)						Common shares		—		—		—		—		—		—
						Preferred shares		—		—		—		—		—		—
Total (a+b+c)						Common shares		1,807,778		—		—		—		1,807,778		—
						Preferred shares		—		—		—		—		—		—

[Additional Disclosure Items]

1. Relationship between the Company or its largest shareholder and each counterparty to the disposal

- Individual(s) who exercised stock options granted at the March 2021 Annual General Meeting of Shareholders

2. Reason for selection of counterparties to the disposal

- Grant of stock options at the March 2021 Annual General Meeting of Shareholders

3. Number of shares disposed of per counterparty (shares)

- Number of stock options granted at the March 2021 Annual General Meeting of Shareholders

4. Basis for price calculation

- Exercise price of the stock options granted at the March 2021 Annual General Meeting of Shareholders

5. Expected dilutive effect on the value of the Company’s shares

- While the number of outstanding shares will increase by the number of shares transferred based on the application of the “compensation in treasury shares for the difference in price” method (not the entire number of treasury shares scheduled for disposal (71,726 shares)), considering the total number of outstanding shares, the dilutive effect on the value of the Company’s shares is expected to be limited.

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.

SK TELECOM CO., LTD.
(Registrant)
By:		/s/ Taehee Kim
(Signature)
Name:		Taehee Kim
Title:		Vice President

Date: January 28, 2026

FAQ

What treasury share disposal did SK Telecom (SKM) announce in this 6-K?

SK Telecom plans to dispose of 71,726 common treasury shares. These shares will be used for stock option exercises by eligible executives, reflecting a previously approved grant at an annual general meeting.

At what price will SK Telecom (SKM) dispose of its treasury shares?

The treasury shares are priced at 50,276 Korean won per common share. This results in an estimated aggregate disposal value of 3,606,096,376 won for the 71,726 shares designated for stock option exercises.

What is the disposal period for SK Telecom’s treasury shares?

The disposal period runs from February 4, 2026 to March 25, 2026. During this time, SK Telecom will transfer treasury shares over the counter to current and retired executive officers exercising stock options.

Who are the counterparties for SK Telecom’s treasury share disposal?

The counterparties are 9 current and retired executive officers of SK Telecom. They are exercising previously granted stock options, and the company will deliver treasury shares to them via over-the-counter transactions.

How many treasury shares did SK Telecom hold before this disposal decision?

Before the disposal, SK Telecom held 1,807,778 common treasury shares. These shares represented 0.84% of its total shares and were acquired within the limit based on the maximum amount of dividends payable.

What stock option grants are linked to SK Telecom’s treasury share disposal?

The disposal is tied to stock options granted in 2021, covering 71,726 shares. Of these, 5,375 have been exercised and 66,351 remain unexercised, with an exercise price of 50,276 won and an exercisable period beginning March 25, 2026.