Hori Akio 4

What Happened

• Hori Akio, Chief Information Officer of Nomura Holdings (NMR), received restricted stock units that converted into common shares. The filing shows an award of 73.682 shares on 2026-04-24 (reported value $620) and the conversion/exercise of 6,100 RSUs on 2026-04-27 (recorded with $0 exercise price). To cover tax obligations, 2,952 shares were withheld on 2026-04-27 at $7.71 per share for a withholding amount of $22,760. Net shares retained by the insider after withholding were about 3,221.682 shares.

Key Details

• Transaction dates & reported prices:
  • 2026-04-24: Award (A) — 73.682 shares @ $8.41 (value $620) (USD conversion per F1).
  • 2026-04-27: Conversion/Exercise (M) — 6,100 shares @ $0.00 (acquired).
  • 2026-04-27: Tax withholding (F) — 2,952 shares @ $7.71 (disposed) = $22,760 (USD conversion per F4).
• Total shares acquired (gross): 6,173.682; shares withheld for taxes: 2,952; net shares received: ~3,221.682.
• Footnotes of note:
  • F2/F5: These were Restricted Stock Units (each RSU = 1 share) that vested on Apr 1 and were settled in shares on Apr 27.
  • F3: Shares were withheld to satisfy tax withholding obligations (cashless tax withholding).
  • F1/F4: USD values converted from JPY using MUFG Bank spot rates reported for the transaction dates.
• Filing: Report filed 2026-04-28 covering transactions from 2026-04-24 to 2026-04-27. The filing does not indicate a late-report flag.

Context

• This was an award/settlement of RSUs (not an open-market purchase or sale). The $0 exercise price reflects conversion of RSUs into shares rather than exercising options requiring cash. The withholding of shares for taxes is routine and not an open-market sale signal.