SAN 6-K: Buyback

Filed with the SEC on · accession 0000950103-26-017297

SAN filed a 6-K (foreign company report) with the SEC on Nov 12, 2026. Banco Santander completed a capital reduction of EUR 75,297,550 by cancelling 150,595,100 own shares (approximately 1.03% of share capital), registered with the Commercial Registry of Santander on November 11, 2026. The stock moved -2.8% by the first close after the filing.

Summary of the filing

Banco Santander completed a capital reduction of EUR 75,297,550 by cancelling 150,595,100 own shares (approximately 1.03% of share capital), registered with the Commercial Registry of Santander on November 11, 2026. This is part of the bank's ongoing buyback programs, with cumulative capital reduction of EUR 1,632,300,019.50 and 3,264,600,039 shares repurchased since November 2021.

Key details

Capital reduction amountEUR 75.3M
Shares cancelledshares 150.6M
New share capitalEUR 7.2B
Total shares outstanding after cancellationshares 14.4B
Cumulative capital reduction since 2021EUR 1.6B
Cumulative shares repurchased since November 2021shares 3.3B
IssuerBanco Santander, S.A.
Head of corporate compliancePedro de Mingo Kaminouchi

How SAN stock reacted

Close before

$12.48

Nov 11, 2026

First close after

-2.80%

$12.13

5 trading days

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Since filing

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Frequently asked questions

What did SAN file with the SEC on Nov 12, 2026?

SAN filed a 6-K (Buyback). Banco Santander completed a capital reduction of EUR 75,297,550 by cancelling 150,595,100 own shares (approximately 1.03% of share capital), registered with the Commercial Registry of Santander on November 11, 2026. This is part of the bank's ongoing buyback programs, with cumulative capital reduction of EUR 1,632,300,019.50 and 3,264,600,039 shares repurchased since November 2021.

What does a buyback mean for SAN stock?

Usually: fewer shares means each remaining share owns more of the company. It matters whether the company actually buys and at what price.

How do I read a 6-K?

How foreign companies listed in the US report news and events — like an 8-K for them. Look at the exhibit names: "results", "resign", "notice" tell you the topic. Many 6-Ks are routine (meeting notices); results and leadership changes matter most.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 6-K (foreign company report): How foreign companies listed in the US report news and events — like an 8-K for them.

How did SAN stock react to this filing?

SAN closed at $12.48 before the filing and $12.13 on Nov 12, 2026 (-2.80%).

Other SAN SEC filings

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