Sales Pedro Franco 4

What Happened Pedro Franco, a director of Energy Co of Parana (ELPC), sold 153,700 common shares in an open-market transaction on April 8, 2026. The reported sale price was $3.19 per share, for total proceeds of approximately $489,796. This was a sale (not a purchase or option exercise), which is often routine insider liquidity rather than a direct signal of company outlook.

Key Details

• Transaction date: April 8, 2026; Form 4 filed April 9, 2026 (filed the next day).
• Price: $3.19 per share (reported sale price was BRL16.22 per share; converted at USD1.00 = BRL5.0899).
• Shares sold/disposed: 153,700 shares.
• Total proceeds: ~$489,796.
• Shares owned after the transaction: not specified in the provided summary (see the full Form 4 for post-transaction holdings).
• Footnote: F1 explains the BRL sale price converted to USD using the Central Bank of Brazil rate on April 8, 2026.
• Transaction code: S = Sale. No 10b5-1 plan, tax-withholding, or other special conditions were noted in the provided details.

Context Sales by directors can reflect personal liquidity needs or portfolio moves and do not by themselves confirm a change in company fundamentals. Purchases typically carry more weight as a bullish indicator. Retail investors should view this as a routine insider sale and consider it alongside other filings, company news, and fundamentals before drawing investment conclusions.