Banco Santander (Brasil) (BSBR) Officer Garrido Sells 410 Shares

What Happened
Garrido Eduardo Alvarez, an officer (no specific designation) at Banco Santander (Brasil) S.A. (BSBR), sold 410 shares in an open-market/private sale on August 13, 2026. The shares were disposed at $5.71 each, for a total cash value of $2,341 (amounts converted from BRL; see footnote).

Key Details

• Transaction date and price: August 13, 2026 — 410 shares sold at $5.71 per share.
• Total value: $2,341 (reported). Filing notes equivalent price of R$29.62 per share; conversion used R$5.1853 = $1.00 (Brazilian Central Bank rate on Aug 13, 2026).
• Transaction type: Sale (Form 4 lists as "open market or private sale").
• Shares owned after transaction: Not disclosed in the provided filing details.
• Filing timing: Form filed on August 18, 2026 (five days after the reported trade date). This is after the trade date and appears to fall outside the typical 2-business-day SEC reporting window; the filing does not include a timeliness code in the provided data.

Context
A single small sale by an officer is often routine (e.g., liquidity needs, tax purposes) and does not, by itself, indicate a change in company outlook. For retail investors, purchases are generally more informative about insider confidence than isolated sales.