Teixeira Rodrigues Andre Luis 4
4 · Itau Unibanco Holding S.A. · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Itau Unibanco (ITUB) Officer Andre Luis Teixeira Rodrigues Sells 182,800 Shares
What Happened
Andre Luis Teixeira Rodrigues, a retail business officer at Itau Unibanco Holding S.A. (ITUB), sold 182,800 shares in an open-market transaction on April 8, 2026. The weighted-average price reported was $8.82 per share, producing proceeds of approximately $1,612,296. The USD prices were translated from Brazilian reais using an exchange rate of R$5.0899 = $1.00.
Key Details
- Transaction date: April 8, 2026; Form 4 filed April 10, 2026 (appears timely).
- Transaction type/code: Sale (open market) — Code S.
- Shares sold: 182,800.
- Reported price: $8.82 (weighted average); transaction prices ranged $8.82–$8.83 (per footnote).
- Total proceeds: ~$1,612,296 (USD).
- Currency conversion: BRL → USD at R$5.0899 per USD (footnote F1).
- Shares owned after transaction: Not specified in the provided excerpt.
- Footnotes: F1 explains the BRL→USD conversion; F2 notes the weighted-average price and price range across multiple trades.
Context
This was a straight sale (not an option exercise, gift, or award). Sales by insiders can be routine (e.g., for diversification or personal liquidity) and do not, by themselves, indicate a change in company outlook. Retail investors tracking insider activity often regard purchases as stronger signals than single sales.
Insider Transaction Report
- Sale
Preferred shares (ITUB4)
[F1][F2]2026-04-08$8.82/sh−182,800$1,612,296→ 1,637,511 total
Footnotes (2)
- [F1]The price is denominated in Brazilian reais and has been translated into U.S. dollars at the April 8, 2026 selling rate of R$5.0899 per US$1.00, as reported by the Central Bank of Brazil.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.82 to $8.83, inclusive.