Nagai Koji 4

What Happened
Nagai Koji, a director of Nomura Holdings, received three grants of notional stock units on 2026-05-25 — each grant was for 95,055 units (total 285,165 units). The Form 4 shows an acquisition code "A" and a price of $0.00 for each grant (these are derivative awards, not open-market purchases). The filing treats each unit as a right to receive cash equal to the value of one share of Nomura common stock (see footnote).

Key Details

• Transaction date: 2026-05-25; Form 4 filed: 2026-05-27 (timely filing).
• Grants: three awards of 95,055 Notional Stock Units (total = 285,165 units). Reported acquisition price: $0.00 (award/grant).
• Derivative treatment: Each Notional Stock Unit entitles the holder to receive cash equal to one share of common stock (Footnote F1). Footnote F2 notes there is no separate expiration date.
• Shares owned after transaction: not reported on this filing.
• Filing timeliness: Not marked late; filed within the required reporting window.

Context
Notional stock units are cash-settled derivative awards (they pay the cash value of shares rather than delivering stock). These grants are compensation/award transactions (A) rather than purchases or sales, so they don't directly signal the insider buying stock on the open market. There is no exercise price and no expiration noted on the filing.