Barbosa Rodrigo Cardoso 4
4 · Aura Minerals Inc. · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
Aura Minerals (AUGO) CEO Rodrigo Barbosa Sells Shares
What Happened
Rodrigo Barbosa Cardoso, President and CEO of Aura Minerals (AUGO), sold a total of 115,000 common shares in two open-market transactions: 60,000 shares on 2026-05-11 at a weighted average price of $81.43 (proceeds $4,885,800) and 55,000 shares on 2026-05-12 at a weighted average price of $82.63 (proceeds $4,544,650), totaling $9,430,450. On 2026-05-11 he also entered into a prepaid variable forward contract (derivative) that may require delivery of up to 128,000 shares at final settlement on May 11, 2027; he received an up-front cash payment based on a percentage of the then-current stock price.
Key Details
- Transaction types: S (sale) — two open-market disposals; J (other acquisition/disposition) — prepaid variable forward contract.
- Sale dates and reported averages:
- 2026-05-11: 60,000 shares, weighted avg $81.43; prices in range $79.73–$84.54 (footnote F1).
- 2026-05-12: 55,000 shares, weighted avg $82.63; prices in range $79.52–$84.96 (footnote F2).
- Total proceeds from reported sales: $9,430,450.
- Derivative (footnote F3): prepaid variable forward entered 2026-05-11; up-front cash now, settlement May 11, 2027; delivery of up to 128,000 shares depends on future share price relative to agreed floor/cap.
- Shares owned after transaction: not stated in the Form 4 filing.
- Filing timeliness: Reported on 2026-05-13 for transactions on 2026-05-11 and 2026-05-12 — appears timely (Form 4 deadline is two business days).
Context
- These transactions are primarily sales and a structured derivative financing (prepaid forward). Sales by executives can be routine (liquidity, diversification, tax planning) and do not by themselves indicate company outlook. The prepaid variable forward is not an immediate sale of specific shares but does create an obligation to deliver shares (up to the contract cap) at settlement next year.
Insider Transaction Report
- Sale
Common Shares
[F1]2026-05-11$81.43/sh−60,000$4,885,800→ 794,745 total - Sale
Common Shares
[F2]2026-05-12$82.63/sh−55,000$4,544,650→ 739,745 total - OtherSwap
Forward Sale Contract (obligation to sell)
[F3]2026-05-11+128,000→ 128,000 totalExp: 2027-05-11→ Common Shares (128,000 underlying)
Footnotes (3)
- [F1]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.73 to $84.54 inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.52 to $84.96 inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- [F3]On May 11, 2026, the reporting person entered into a prepaid variable forward sale contract with an unaffiliated third party buyer. The contract provides for an up-front cash payment based on a percentage of the then-current stock price, subject to final settlement on May 11, 2027. At settlement, the reporting person will deliver up to 128,000 common shares determined based on the price of the common shares at settlement relative to an agreed forward floor price and forward cap price.