Johannpeter Guilherme Chagas Gerdau 4/A

What Happened

• Johannpeter Guilherme Chagas Gerdau, Vice‑Chairman of Gerdau S.A.'s board, disposed of 85,607 shares on March 20, 2026. The reported sale price was $3.29 per share, for a total proceeds of approximately $281,647 (U.S. dollar equivalent).

Key Details

• Transaction date: March 20, 2026 — sale (code S) via open market or private sale.
• Price: $3.29 per share; Total proceeds: $281,647 (amount translated from Brazilian reais at R$5.2800 = US$1 per filer note).
• Shares owned after transaction: not specified in the amended filing.
• Footnotes: F1 notes the currency conversion; F2 points to remarks about ownership structure; F3–F5 note restricted stock units vesting on Feb 12 of 2027, 2028 and 2029 respectively.
• Filing status: This is an amended Form 4 filed March 25, 2026 reporting the March 20 trade. The amendment was filed five days after the trade date, which is outside the typical two‑business‑day window for initial Form 4 filings.

Context

• The filing includes detailed ownership remarks: the reporting person has a 25% interest in Frepar Participacoes S.A., which is part of a chain of entities that together control a significant stake in the issuer’s direct controlling shareholder. The reporting person disclaims beneficial ownership of the reported securities except to the extent of any pecuniary interest (standard language used when holdings are held through related entities).
• This was a sale (liquidity event) rather than a purchase or exercise; the filing provides no indication of related option exercises or tax withholding tied to this transaction.