Petrobras (PBR) CCO Angelica Cobas Buys 1,000 Shares

What Happened
Angelica Laureano Garcia Cobas, Chief Commercial Officer of Petrobras (PBR), executed two open-market transactions in early April 2026. On April 1 she sold 19 PETR4 shares at a reported price of $9.09 per share (proceeds ~$173). On April 2 she purchased 1,000 PETR4 shares at a reported price of $9.49 per share (cost ~$9,490). The purchase (P) is a straightforward open-market buy (a more informative signal than routine sales); the sale (S) was small in size.

Key Details

• Transaction dates and prices:
  • 2026-04-01: Sale of 19 shares @ $9.09 each — total ~$173 (F1: USD conversion from 46.89 BRL using 5.1600 BRL/USD).
  • 2026-04-02: Purchase of 1,000 shares @ $9.49 each — total ~$9,490 (F2: USD conversion from 48.24 BRL using 5.1649 BRL/USD).
• Transaction codes: P = Purchase, S = Sale.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1 and F2: Reported USD prices are convenience conversions from BRL using Central Bank of Brazil exchange rates on the respective dates.
  • F3: The reporting person’s spouse’s PETR4 holdings were adjusted to correct an overreporting of seven shares on the Form 3 filed March 12, 2026.
• Filing timeliness: Form 4 was filed April 14, 2026, covering trades on April 1–2 — this is later than the usual 2-business-day Form 4 deadline (the filing appears late).

Context

• These were simple open-market buy and sell transactions (no option exercises, gifts, or 10b5-1 plan noted).
• Small sales (19 shares) are often routine; the 1,000-share purchase is a direct insider acquisition but modest in dollar terms (~$9.5k).
• All figures shown are converted to USD for convenience per the filing’s footnotes.