Leao Mario Roberto Opice 4

What Happened Leao Mario Roberto Opice, CEO and director of Banco Santander (Brasil) S.A. (BSBR), reported an equal-size sale and purchase on June 11, 2026. He disposed of 148,400 shares at $5.20 per share (sale proceeds $771,680) and simultaneously acquired 148,400 shares at $5.20 per share (cost $771,680). The filing lists the transactions as open market or private sale (S) and open market or private purchase (P).

Key Details

• Transaction date: June 11, 2026; filing date: June 12, 2026 (filed the next day, appears timely).
• Price: $5.20 per share; transaction value: $771,680 for each leg (sale and purchase).
• Transaction types: S = Sale; P = Purchase (open market or private).
• Footnote F1: Equivalent to R$26.78 per share; amounts converted at R$5.1472 per USD (Brazilian Central Bank rate on June 11, 2026).
• Footnote F2: The acquired shares are held indirectly by "SANTANDER PB ROMA III MULTIMERCADO CREDITO PRIVADO - FUNDO DE INVESTIMENTO FINANCEIRO," which is wholly owned and controlled by Mr. Leao.
• Shares owned following the reported transactions are not specified in the provided filing excerpt.

Context The filing shows a matched sale and purchase of the same number of shares at the same price on the same day, and the purchase is into a fund Mr. Leao wholly owns and controls. That structure indicates the acquired shares are held indirectly by an entity under his control. The filing is factual and does not disclose the insider’s motivation (e.g., personal reallocation, account transfer, or portfolio management). Purchases are generally more informative for investors, but here the net share count reported in the filing did not change.