Garrido Eduardo Alvarez 4

What Happened
Garrido Eduardo Alvarez, listed as an officer (no specific designation) of Banco Santander (Brasil) S.A. (BSBR), sold 16,500 shares on 2026-03-26 in an open-market/private sale at $5.95 per share, for a total of $98,175. The filing reports the equivalent local-currency price as R$29.90 per share (total R$493,350), converted to U.S. dollars at R$5.0238 per US$1.00.

Key Details

• Transaction date and price: 2026-03-26 — sale of 16,500 shares at $5.95 each (Transaction code: S).
• Total value: $98,175 (reported equivalent R$493,350; conversion rate R$5.0238 per US$1.00; see footnote).
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1 notes the BRL per-share amount (R$29.90) and the exchange rate used (Brazilian Central Bank rate on April 13, 2026).
• Timeliness: Form 4 was filed on 2026-04-16, about 21 days after the transaction — later than the typical 2-business-day deadline for Form 4 filings.

Context
This was a sale, which is common for insiders and does not by itself indicate the insider’s view of the company. Purchases tend to be more informative about insider sentiment. No option exercises, awards, 10b5-1 plans, or tax-withholding events are indicated in this filing.