Tobari Akihito 4

What Happened
Tobari Akihito, Head of Wealth Management at Nomura Holdings (NMR), received equity awards on May 25, 2026. The filing shows a paid grant of 764.785 shares acquired at a converted price of $8.21 each (total value reported $6,279) and three derivative awards of 3,200 Restricted Stock Units (RSUs) each (total 9,600 RSUs) reported at $0. The transactions are reported as Award/Grant (transaction code A).

Key Details

• Transaction date: 2026-05-25; Form 4 filed 2026-05-27 (appears timely).
• Paid grant: 764.785 shares @ $8.21 per share (USD-converted price; total $6,279). Conversion used JPY158.91 = US$1 (footnote F1).
• RSU awards: three entries of 3,200 RSUs @ $0 (derivative awards) — total 9,600 RSUs (footnote F2). RSUs represent the right to receive one share each.
• No separate expiration date for the RSUs (footnote F3).
• Shares owned after the transaction are not specified in the provided summary of the filing.

Context
RSUs are compensation awards that convert to shares upon vesting; the $0 price for those entries reflects that they are grants rather than open-market purchases. The small cash-equivalent paid grant (~$6.3k) is routine compensation-level equity and does not necessarily indicate a market-direction signal. The filing notes the insider’s role (Head of Wealth Management) and standard footnotes about currency conversion and RSU mechanics.