Key points
- Five Nokia (NOK) insiders bought shares on August 13, 2026, the latest purchases to land on our insider tracker.
- That makes about a dozen different Nokia insiders who have bought in 2026, and the last insider sale was back on April 29.
- This group bought 4,580 shares at one identical price, about $48,000, which points to Nokia's routine quarterly share plan rather than five separate bets.
- The heavy buyers this year are board chair Timo Ihamuotila (210,000 shares) and chief executive Justin Hotard (about $900,000). NOK is up about 27% from its July 29 low, so this year's buyers are ahead.
Five more Nokia (NOK) insiders bought shares this week and showed up on our insider tracker on August 14. They're the newest names in a run of Nokia insider buying that's held steady since the spring.
All five bought on August 13 at the same price of 9.091 euro in Helsinki. Raghav Sahgal picked up the most at 2,890 shares, and the rest ran from David Heard's 1,171 down to Victoria Hanrahan's 6 shares. Call it $48,000 across the whole group.
Here's the detail to sit with before you read too much into five buyers at once. Everyone paid the same price on the same day and ran the same play in February and again in May. That's Nokia's regular share plan, where the leadership team builds a stake over time, and these five each fed a scheduled buy the calendar set for them. It's small and routine, and it earns a mention mainly because it keeps a longer streak alive.
The fact that you can see it at all is why Nokia keeps landing on our tracker while almost every other foreign name stays quiet. Nokia is a Finnish company, so its executives skip the U.S. Form 4s that domestic insiders file. They report the same trades under Article 19 of the EU's Market Abuse Regulation, one release per person within three business days. I covered the mechanics in our write-up of the July buying. These are dated per-person disclosures that most U.S. traders miss.
A dozen buyers, and only buying since April
Count every buyer and a dozen different Nokia insiders have picked up shares in 2026, and the last insider sale on record was back on April 29. Everything since then has been buying, and this week's five simply add to that pile.
Two names carry most of the weight here: the board chair and the chief executive. Timo Ihamuotila ran Nokia's finances as chief financial officer from 2009 to 2016, and he's bought three times this year. He took 100,000 shares in January and 50,000 in April, then another 60,000 in late July, which adds up to about 210,000 shares for 1.5 million euro. Justin Hotard, the chief executive, bought 84,404 shares on April 28 for about $900,000. Those are the buys that read like conviction. A cluster at the end of July fills in the rest. Five people bought about $2.2 million in one week, among them Chief Technology and AI Officer Pallavi Mahajan and Chief People Officer Kristen Pressner. That's the group I'd actually weigh.
This year's buyers are ahead
Nokia closed at $16.85 on June 2, then gave back half its value over the following weeks. It bottomed at $8.41 on July 29 and traded back near $10.70 on Thursday, August 14, up about 27 percent from the low. Mahajan paid $9.55 on the New York listing on July 24, and Pressner paid 7.84 euro on July 29. Both are comfortably ahead today, and so is Ihamuotila across all three of his purchases.
There's a catch worth setting next to that recovery. Two senior managers bought heavily near the top in May: Konstanty Owczarek paid $15.35 to $15.99 and Victoria Hanrahan $15.81, and both sit about a third underwater even now. They read the company in May the same way the July buyers read it at the low. Insider buying shows which way the people closest to a company are leaning, and it says little about the timing.
The headcount hides a wrinkle that cuts against the easy read. Some of this week's plan buyers were heavy sellers earlier in the year. Heard sold 275,000 shares in February and Sahgal 150,000 in March, many times what they collect through the quarterly plan. So a dozen buyers and a dozen accumulators are two different groups. The real net buyers are the chair, the chief executive and the people who stepped in during the July slide.
The dollar figures stay small against the company either way. Nokia is worth tens of billions. Executives also buy to satisfy internal shareholding requirements, and an Article 19 notice records the trade and stops there. The useful signal is direction and timing: which way insiders lean and when they move.
Watching for the next move is simple enough from where we sit. Any further purchase has to surface within three business days, so it'll land on the tracker as it comes. And if the real question is whether copying these people even works, we walked through that here.
Sources
- Nokia stock exchange releases, managers' transactions, filed August 14, 2026 (Form 6-K), via SEC EDGAR: Hanrahan, Prosi, Fisk, Sahgal and Heard, each dated August 13, 2026
- Our earlier coverage: Nokia (NOK) has halved since June. Five insiders bought $2.2 million of it in the past week.
- Our insider buying tracker, updated as new disclosures land
- Related reading: Should you actually copy stocks bought by hedge funds, Congress, or insiders?
- Price data via Yahoo Finance market data
- Cover image: Nokia corporate logo, via Nokia's brand resources
This reflects public regulatory disclosures and market data, not investment advice. Jennifer Song does not hold positions in the securities discussed. Prices are as of Thursday, August 14, 2026, and will move. Always do your own research and consider speaking with a licensed financial professional before making any investment decision.
