Banco Santander (BSBR) Officer Gustavo de Sousa Sells 29,200 Shares

What Happened
Gustavo de Sousa, an officer of Banco Santander (Brasil) S.A., sold 29,200 shares on August 4, 2026 in an open-market sale at $5.70 per share, generating proceeds of $166,440. The filing converts the local currency price to USD using an exchange rate of R$5.1047 per USD (R$29.09 per share).

Key Details

• Transaction date: 2026-08-04
• Transaction type/code: Sale (S) — open market or private sale
• Price per share: $5.70
• Shares sold: 29,200
• Total proceeds: $166,440 (USD)
• Local-currency equivalent: R$29.09 per share; exchange rate R$5.1047 per USD (Brazilian Central Bank, Aug 4, 2026) — footnote F1
• Shares owned after transaction: Not reported in the provided excerpt of the filing
• Filing date: 2026-08-06 — filed two business days after the trade (appears timely)
• Insider status: Officer without specific designation; not indicated as a 10% owner or option exercise

Context
This was a straightforward sale of stock; sales by insiders can be routine (e.g., diversification or personal liquidity) and do not necessarily signal a change in company outlook. No option exercises, awards, gifts, or 10b5-1 plan information were disclosed in the provided details.