Araujo Alexandre Teixeira de 4

What Happened
Araujo Alexandre Teixeira de, listed as an officer (no specific designation) of Banco Santander (Brasil) S.A. (BSBR), disposed of 20,156 shares on March 24, 2026. The shares were reported sold at $5.94 each for a total of $119,727. The Form 4 describes the transaction as an "open market or private sale" (transaction code S). Sales are often routine liquidity events and generally carry less informational weight than purchases.

Key Details

• Transaction date and price: 2026-03-24 — 20,156 shares sold at $5.94 per share.
• Total reported value: $119,727 (USD).
• Local-currency equivalent per footnote: R$29.85 per share; conversion used R$5.0238 per USD (Brazilian Central Bank rate as of Apr 13, 2026).
• Filing date: Form 4 filed 2026-04-16 — 23 days after the trade; Form 4s are typically due within two business days, so this filing appears late.
• Shares owned after transaction: Not disclosed in the filing.
• Transaction code: S (Sale). No 10b5-1 or tax-withholding footnotes were indicated beyond the currency conversion note.

Context
This was a straight sale (not an option exercise, gift, or award). Routine insider sales do not necessarily indicate a change in company outlook; they can reflect personal financial planning or other non-informational reasons. For retail investors, purchases by insiders are often more informative than isolated sales, but tracking patterns of multiple insiders can provide additional context.