Banco Santander (Brasil) Officer Fasoli Franco Luigi Sells Shares

What Happened
Fasoli Franco Luigi, an officer (no specific designation) of Banco Santander (Brasil) S.A. (BSBR), reported the sale of 5,143 common shares on August 27, 2026. The shares were sold at $5.75 per share for a total of $29,572. The filing classifies the transaction as a sale (code S) and indicates “open market or private sale.”

Key Details

• Transaction date: August 27, 2026; Form 4 filed August 28, 2026 (timely filing).
• Trade: Sale of 5,143 shares at $5.75 per share; total proceeds $29,572.
• Shares owned after transaction: Not disclosed in the Form 4.
• Footnote: Price is equivalent to R$29.70 per share; amounts converted using the Brazilian Central Bank rate of R$5.1637 per US$1 on Aug 27, 2026.
• No 10b5-1 plan, tax withholding, or other special conditions were reported in the filing.

Context
This was a sale, which is commonly used by insiders for liquidity or routine reasons and does not by itself indicate a change in the insider’s view of the company. For retail investors, purchases tend to be more informative about insider confidence; this single modest sale should be viewed as a routine disclosure unless accompanied by other filings or company developments.