Bressane Junior Josue 4

What Happened Bressane Junior, Chief People Officer of Companhia de Saneamento Básico do Estado de Sao Paulo (Sabesp, ticker SBSP3), had 7,371 restricted stock units (RSUs) vest on May 1, 2026. Those RSUs converted to common shares (reported as derivative conversion, code M). To satisfy tax withholding obligations (code F), 2,027 of the vested shares were withheld/disposed at an effective price of $6.69, yielding $13,561. Net shares delivered to the insider from this vesting: 7,371 − 2,027 = 5,344 shares.

Key Details

• Transaction date: May 1, 2026; Form filed May 15, 2026.
• Reported transactions: conversion/exercise of 7,371 RSUs (code M); tax withholding of 2,027 shares at $6.69 for $13,561 (code F).
• Net shares received by insider from this vesting: 5,344 shares.
• Footnote: These RSUs were part of a grant of 29,486 RSUs (granted April 29, 2025) that vest pro rata on May 1 of 2026–2029, subject to continued service.
• Filing timing/remarks: Form shows May 1 transactions but was filed May 15 (filed 14 days later). The filing also notes dividend equivalent accruals, a March 2026 capital increase, and an April 2026 stock split as relevant events.
• Regulatory note: Sabesp is a foreign private issuer; the filing states the issuer’s status makes these transactions exempt from Sections 16(b) and 16(c).

Context This was an RSU vesting event (conversion of restricted units into shares) with shares withheld to cover tax liabilities—a routine administrative outcome rather than an open-market buy or sell. For retail investors, vesting/withholding entries mainly reflect compensation mechanics; they do not necessarily indicate the insider is buying or selling stock for investment reasons.