Tavares de Sousa Roberval 4

What Happened
Tavares de Sousa Roberval, an Engineering Officer at COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO (SABESP, ticker SBS), sold 5,900 shares on May 25, 2026. The shares were disposed at $28.81 each for a total proceeds of $169,979. The filing reports the transaction as a sale (code S) via an open market or private sale.

Key Details

• Transaction date and price: May 25, 2026 — 5,900 shares at $28.81 per share.
• Total value: $169,979 (proceeds from the sale).
• Transaction type: Sale (S); described as "open market or private sale" in the filing.
• Shares owned after transaction: Not specified in the provided summary.
• Footnotes/plan status: No 10b5‑1 plan, tax‑withholding, or other special footnotes were provided in the transaction details.
• Filing timing: Report filed 2026-05-29 (four days after the trade). This appears later than the SEC’s typical 2 business‑day Form 4 reporting window.

Context
Sales by officers are common and can be for many personal reasons; they are generally considered routine and not a clear bullish signal the way purchases can be. This entry is a straight sale of stock (not an option exercise, gift, or award). Retail investors should note the late filing timing and that no additional disclosures (e.g., a trading plan) were cited in the available details.