Nomura (NMR) grants Toshiyasu Iiyama three tranches of notional units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Nomura Holdings executive Toshiyasu Iiyama reported new compensation awards linked to the company’s stock. He received three grants of Notional Stock Units on May 25, 2026, covering 66,543 units, 66,544 units, and 66,544 units, each tied to an equal number of underlying shares of common stock.

Each Notional Stock Unit represents the right to receive cash equal in value to one share of common stock, with scheduled exercise dates on April 1, 2029, April 1, 2028, and April 1, 2027. Following these equity-linked awards, Iiyama directly holds 301,656 shares of Nomura Holdings common stock, and no open-market purchases or sales were reported in this filing.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Iiyama Toshiyasu

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Notional Stock Units	66,544	$0.00	--
Grant/Award	Notional Stock Units	66,544	$0.00	--
Grant/Award	Notional Stock Units	66,543	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Notional Stock Units — 172,173 shares (Direct, null); Common Stock — 301,656 shares (Direct, null)

Footnotes (1)

Each Notional Stock Unit represents the right to receive cash equal in value to one share of Common Stock. No separate Expiration Date.

Key Figures

Notional Stock Units grant 1: 66,543 units Notional Stock Units grant 2: 66,544 units Notional Stock Units grant 3: 66,544 units +2 more

5 metrics

Notional Stock Units grant 1 66,543 units Granted on May 25, 2026; exercise date April 1, 2029

Notional Stock Units grant 2 66,544 units Granted on May 25, 2026; exercise date April 1, 2028

Notional Stock Units grant 3 66,544 units Granted on May 25, 2026; exercise date April 1, 2027

Direct common stock holdings 301,656 shares Shares of Nomura Holdings common stock held directly after transactions

NSU holdings after one grant 305,260 units Total Notional Stock Units reported following one of the May 25, 2026 grants

Key Terms

Notional Stock Units, Common Stock, Grant, award, or other acquisition

3 terms

Notional Stock Units financial

"Each Notional Stock Unit represents the right to receive cash equal in value to one share of Common Stock."

Common Stock financial

"Each Notional Stock Unit represents the right to receive cash equal in value to one share of Common Stock."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

05/27/2026 - 06:19 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Iiyama Toshiyasu

(Last)

(First)

(Middle)

13-1, NIHONBASHI 1-CHOME, CHUO-KU

(Street)

TOKYO

JAPAN

103-8645

(City)

(State)

(Zip)

JAPAN

(Country)

2. Issuer Name and Ticker or Trading Symbol
NOMURA HOLDINGS INC [ NMR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	See Remarks

2a. Foreign Trading Symbol
[TSE: 8604]

3. Date of Earliest Transaction (Month/Day/Year)
05/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								301,656	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Notional Stock Units⁽¹⁾	⁽¹⁾	05/25/2026		A		66,544		04/01/2027	⁽²⁾	Common stock	66,544	$0	172,173	D
Notional Stock Units⁽¹⁾	⁽¹⁾	05/25/2026		A		66,544		04/01/2028	⁽²⁾	Common stock	66,544	$0	238,717	D
Notional Stock Units⁽¹⁾	⁽¹⁾	05/25/2026		A		66,543		04/01/2029	⁽²⁾	Common stock	66,543	$0	305,260	D

Explanation of Responses:

1. Each Notional Stock Unit represents the right to receive cash equal in value to one share of Common Stock.

2. No separate Expiration Date.

Remarks:

Executive Officer, Deputy President, Chief of Staff and Head of China Committee

	/s/ Takashi Futaki, as Attorney-in-fact	05/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Nomura Holdings (NMR) executive Toshiyasu Iiyama report in this Form 4?

He reported receiving three grants of Notional Stock Units as compensation. These awards are linked to Nomura Holdings common stock and provide cash equal to the share value on future exercise dates, with no open-market buying or selling disclosed.

How many Notional Stock Units were granted to Toshiyasu Iiyama at Nomura (NMR)?

He was granted 66,543, 66,544, and 66,544 Notional Stock Units in three awards. Each unit is tied to one underlying share of common stock, but pays out in cash rather than delivering actual shares when settled.

What do Notional Stock Units mean for Nomura Holdings (NMR) insiders?

Notional Stock Units give the holder a right to receive cash equal to one share’s value. For Nomura, this compensates executives based on share performance without issuing additional stock, aligning pay with the stock price through cash-settled, stock-linked awards.

When can Toshiyasu Iiyama’s Notional Stock Units at Nomura (NMR) be exercised?

The units have exercise dates on April 1, 2027, April 1, 2028, and April 1, 2029. On or after each date, they can be settled for cash equal to the value of one share of Nomura common stock per unit, subject to plan terms.

Did the Nomura (NMR) Form 4 show any stock being bought or sold on the market?

No open-market purchases or sales were reported. The filing only shows compensation-related grants of Notional Stock Units and reports Iiyama’s direct ownership of common shares, without recording any market trades in Nomura stock.

How many Nomura Holdings (NMR) common shares does Toshiyasu Iiyama directly own after these awards?

He directly owns 301,656 shares of Nomura Holdings common stock following these reported transactions. This figure reflects his direct equity stake and is separate from the cash-settled Notional Stock Units granted as part of his compensation.