Sousa Mauad Bruno 4

What Happened
Bruno Sousa Mauad, a director of Aura Minerals (AUGO), through entities managed by Kapitalo Investimentos, settled cash‑settled total return swaps and recorded derivative dispositions on June 19, 2026. The filing shows dispositions of 57,988 BDRs at $20.68 (≈ $1,199,192) and 9,623 BDRs at $20.86 (≈ $200,736), for combined proceeds of about $1,399,928. He also made a small open‑market purchase of 200 BDRs on June 19 for $21.25 each (≈ $4,250). Several zero‑price “other” entries reflect internal transfers/adjustments and did not change economic exposure.

Key Details

• Transaction dates: June 18–19, 2026; filing date: June 23, 2026 (appears later than the typical two‑business‑day Form 4 deadline).
• Sales (derivative settlements): 57,988 BDRs @ $20.68 = $1,199,192 (F8) and 9,623 BDRs @ $20.86 = $200,736 (F6).
• Purchase: 200 BDRs @ $21.25 = $4,250 (F4 explains USD conversion).
• Zero‑price “Other” entries (29,700 and 10,120 BDRs) reflect transfers/adjustments with no cash consideration.
• Shares owned after transaction: not specified in the supplied filing excerpt.
• Notable footnotes: BDRs = Brazilian Depositary Receipts (3 BDRs = 1 common share) (F1); securities held by entities managed by Kapitalo, for which Mauad may be deemed an indirect beneficial owner (F2); some positions involved securities lending and swap arrangements (F3, F5, F7).

Context

• The large dispositions were settlements of cash‑settled total return swaps (i.e., Kapitalo closed swap exposure and received/paid cash based on settlement prices), not necessarily open‑market block sales of underlying common shares.
• The small open‑market buy (200 BDRs) is a direct purchase and is more informative as a straightforward buy; the swap settlements are derivative transactions reflecting the end of swap exposure.
• Because the securities are held via Kapitalo and some were subject to lending arrangements, beneficial ownership and economic exposure may persist differently than direct shareholdings.