Nokia Corporation transferred 957,142 of its own shares to participants in its equity-based incentive plans on August 7, 2026. The transfer, executed without consideration, fulfills the company’s commitments under these plans and reduces its treasury shareholding. This action follows a resolution by Nokia’s Board of Directors, originally announced on October 2, 2025, which authorized the issuance of company-held shares to settle obligations to plan participants.

The transaction reflects Nokia’s ongoing management of its capital structure and employee compensation frameworks. By utilizing treasury shares for incentive plans, the company avoids diluting existing shareholders through new issuances. The transfer was completed in accordance with the specific rules governing Nokia’s equity-based incentive programs.

Shareholding Impact

Following the transfer of 957,142 shares, Nokia Corporation’s total number of own shares held decreased accordingly. The updated figure represents the company’s current treasury position as of August 7, 2026.

The reduction in treasury shares is a routine corporate action aimed at aligning employee incentives with shareholder interests. Nokia continues to hold a significant number of its own shares, which can be utilized for future corporate purposes or returned to circulation as needed.

What the Numbers Show

The transfer of nearly one million shares highlights the scale of Nokia’s equity-based compensation programs. While the absolute number of shares transferred is material, it represents a small fraction of the company’s total outstanding shares, indicating that the impact on overall market capitalization is limited. The retention of over 87 million own shares provides Nokia with flexibility in managing future buybacks or incentive allocations without immediate market impact.

Nokia is a global leader in connectivity for the AI era, with expertise across fixed, mobile, and transport networks. The company’s approach to equity incentives supports its strategy to attract and retain talent in a competitive technology landscape.

For further information, investors may contact Nokia’s Investor Relations team at +358 931 580 507 or investor.relations@nokia.com . Media inquiries can be directed to Maria Vaismaa, Vice President, Corporate Communications, at +358 10 448 4900 or press.services@nokia.com .

Nokia Corp (NYSE: NOK) shares declined 5.55% to $8.76 on Tuesday, primarily due to the stock going ex-dividend for its quarterly payout of 4 euro cents, or approximately 5 cents. The price drop reflects the automatic market adjustment for the dividend leaving the company’s books, alongside profit-taking activity following the company’s July 23 earnings call, where Nokia beat Wall Street expectations.

The broader market context showed mixed signals, with Nasdaq futures down 1.24% and S&P 500 futures shedding 0.01%. Nokia’s technical position remains under intermediate pressure, trading 20.6% below its 20-day SMA ($11.36) and 32.2% below its 50-day SMA ($13.30). However, the stock remained essentially flat versus its 200-day SMA ($9.09), a level analysts describe as a "make-or-break" zone for longer-term trend followers.

Q2 Performance And AI Growth

Nokia’s second-quarter revenue rose 8% year-over-year to 4.82 billion euros. Adjusted earnings reached 8 cents per share, topping Wall Street estimates on robust AI data center demand. AI and cloud revenue doubled, representing 9.3% of total sales, leading Nokia to raise its full-year operating profit outlook.

CEO Justin Hotard noted that memory supply constraints are likely to persist through 2027 as AI infrastructure demand continues to outpace supply. This outlook supports the company’s decision to raise its full-year operating profit guidance.

Technical Outlook

From a momentum perspective, the MACD indicator is below its signal line with a negative histogram, pointing to fading momentum versus the prior upswing. While the longer-term "golden cross" from October remains in place, with the 50-day SMA above the 200-day SMA, the shorter-term alignment is bearish with the 20-day SMA below the 50-day SMA. This mix often produces choppy trading, where rallies can stall quickly until price recovers above the faster averages.