Business Context and Reporting Period
This Form 6-K filing by Banco Santander, S.A. covers the period from July 9, 2026, to July 15, 2026, with a report date of July 16, 2026. The filing discloses transactions executed under the Bank's approved Buyback Programme of own shares, in compliance with EU Market Abuse Regulation.
Key Financial Metrics
The filing focuses on share repurchase activity rather than operational financial performance. Key metrics include:
- Total Cash Invested: The cumulative cash amount spent on share purchases under the programme as of July 15, 2026, is 3,899,027,041 Euros.
- Programme Utilization: This amount represents approximately 77.5% of the maximum investment amount authorized for the Buyback Programme.
- Shares Repurchased: The Bank has repurchased approximately 17.4% of its outstanding shares as of 2021.
- Weekly Volume: During the reporting week (July 9–15), the Bank purchased a total of 11,822,286 shares.
- Trading Venues: Transactions occurred on XMAD (Madrid) and CEUX (Euronext).
Material Changes and Transaction Details
The filing details specific daily transactions executed between July 9 and July 15, 2026. The weighted average purchase price ranged from approximately 11.95 Euros to 12.15 Euros per share.
| Date | Venue | Shares Purchased | Weighted Avg Price (€) |
|---|---|---|---|
| 09/07/2026 | XMAD | 2,000,000 | 12.0716 |
| 10/07/2026 | XMAD | 2,000,000 | 12.1509 |
| 13/07/2026 | XMAD | 2,000,000 | 12.0934 |
| 14/07/2026 | XMAD | 2,000,000 | 11.9562 |
| 14/07/2026 | CEUX | 1,000,000 | 11.9550 |
| 15/07/2026 | XMAD | 1,881,589 | 11.9550 |
| 15/07/2026 | CEUX | 940,697 | 11.9540 |
| Total | - | 11,822,286 | - |
Guidance, Outlook, and Risks
The filing does not provide forward-looking guidance, management commentary on operational outlook, or specific risk factors beyond the regulatory context of the share buyback. The document serves strictly as a disclosure of inside information regarding the execution of the previously announced Buyback Programme.
Investor Verification Checklist
- Verify the total maximum investment amount of the Buyback Programme to confirm the remaining 22.5% capacity.
- Confirm the exact number of outstanding shares as of 2021 to validate the 17.4% repurchase calculation.
- Review the "Buyback Commencement Communication" dated February 4, 2026, for the full terms and conditions of the programme.
- Check Annex I (referenced in the filing) for granular transaction data if required for compliance analysis.