Kappaz Rafael Abujamra 4

What Happened
Kappaz Rafael Abujamra, an officer of Banco Santander (Brasil) S.A. (BSBR), sold 31,285 ordinary shares in an open-market sale on March 18, 2026. The reported per-share proceeds were $5.76, for a total value of $180,202. This was a sale (not a purchase), which is typically routine insider selling and not in itself a signal of the company’s prospects.

Key Details

• Transaction date: March 18, 2026 (reported on Form 4 filed March 20, 2026).
• Transaction type: Sale (Code S), open-market or private sale as reported.
• Shares sold: 31,285 at $5.76 per share; total proceeds $180,202.
• Footnote: Price equals R$30.00 per share; USD amounts converted at R$5.2106 = $1.00 (Brazilian Central Bank rate on March 18, 2026).
• Shares owned after transaction: Not specified in this filing.
• Timeliness: Form 4 was filed two days after the trade date (no late filing indicated).

Context

• This was a straightforward sale of shares. There is no indication in the filing of option exercise, 10b5-1 plan, gift, or tax-withholding disposition connected to this transaction.
• Sales by officers can be routine (diversification, liquidity) and do not by themselves indicate management’s view of future performance; purchases generally carry more informational weight for investors.