Leao Mario Roberto Opice 4

What Happened

• Leao Mario Roberto Opice, CEO and director of Banco Santander (Brasil) S.A. (BSBR), executed offsetting transactions on June 8, 2026: an open-market/private sale of 75,000 shares at $5.21 per share (proceeds $390,750) and an open-market/private purchase of 75,000 shares at $5.21 per share (cost $390,750). The two trades net to zero economic change in position on a share-for-share and dollar-for-dollar basis.

Key Details

• Transaction date: 2026-06-08
• Price per share: $5.21; total for each leg: $390,750
• Local currency equivalent: R$26.67 per share; USD conversion used R$5.1238 per USD (Brazilian Central Bank rate on June 5, 2026) (Footnote F1)
• Holding/ownership note: Shares are held indirectly by SANTANDER PB ROMA III MULTIMERCADO CREDITO PRIVADO - FUNDO DE INVESTIMENTO FINANCEIRO, a fund wholly owned and controlled by Mr. Leao (Footnote F2)
• Shares owned after the transactions: not specified in the excerpt of the filing provided
• Filing timeliness: report filed on 2026-06-08 for transactions on the same date; appears timely

Context

• Because the sale and purchase are identical in size and price, this appears to be an internal reallocation or transfer between accounts or entities rather than a net increase or decrease in beneficial exposure. The purchase leg is typically viewed as the more informative action for sentiment, but here there was no net change in holdings per the reported trades. The filing discloses indirect ownership through a fund Mr. Leao controls rather than direct personal holdings.