Banco Santander (BSBR) Officer Vescovi Sells 38,000 Shares

What Happened
Ana Paula Vitali Janes Vescovi, an officer (no specific designation) of Banco Santander (Brasil) S.A. (BSBR), reported the sale of 38,000 common shares on March 19, 2026. The shares were disposed of at $5.79 per share, for total proceeds of $220,020. The sale is reported as an open market or private sale (transaction code S).

Key Details

• Transaction date: 2026-03-19; Price: $5.79 per share; Shares sold: 38,000; Total: $220,020.
• Local-currency equivalent: R$29.06 per share; conversion used R$5.0238 = US$1.00 (Brazilian Central Bank rate on April 13, 2026).
• Shares owned after the transaction: Not specified in this filing.
• Transaction code: S (Sale).
• Filing date / accession: Report filed 2026-04-16 (Accession No. 0001292814-26-002382). This appears to be a late filing relative to the March 19 transaction (transactionTimeliness = 'L').

Context

• Sales by officers can be routine (liquidity or tax reasons) and do not necessarily indicate a change in company outlook; purchases are typically considered a stronger signal of insider bullishness.
• No 10b5-1 plan, tax-withholding, or exercise information was disclosed in the provided data.