de Abreu Germanuela de Almeida 4

What Happened
de Abreu Germanuela de Almeida, a Vice President Executive Officer at Banco Santander (Brasil) (BSBR), sold 55,000 common shares on March 24, 2026. The shares were disposed at $5.92 each, for a total transaction value of approximately $325,600.

Key Details

• Transaction date: 2026-03-24 (reported on Form 4 filed 2026-04-16).
• Transaction type: Sale (S) — open-market or private sale reported.
• Price and value: 55,000 shares × $5.92 = $325,600. Footnote reports equivalent price of R$29.74 per share; conversion used R$5.0238 per US$1 (Brazilian Central Bank rate on 2026-04-13).
• Shares owned after transaction: Not disclosed in the filing.
• Timeliness: Form 4 filed 23 days after the trade (Apr 16, 2026), which is outside the standard 2-business-day reporting window (reported as a late filing).

Context
This was a straight sale of shares. Sales by insiders can occur for many reasons (diversification, personal liquidity, tax needs) and do not, by themselves, prove a change in the insider’s view of the company. No options exercise, gift, or derivative transaction was reported in this filing.