Banco Santander (Brasil) VP Janikian Cezar Augusto Sells 6,600 Shares

What Happened

Janikian Cezar Augusto, a Vice President and Executive Officer at Banco Santander (Brasil) S.A. (BSBR), sold 6,600 common shares on August 27, 2026. The shares were disposed at $5.72 each, generating proceeds of $37,752. The Form 4 lists the transaction as an open-market or private sale (code S).

Key Details

• Transaction date: 2026-08-27; Filing date: 2026-08-28 (filed the next day, within typical Form 4 reporting deadlines).
• Price and proceeds: 6,600 shares at $5.72 per share = $37,752.
• Shares owned after transaction: not specified in the excerpt of the filing provided.
• Footnote: Amounts converted from BRL; equivalent to R$29.58 per share using the Brazilian Central Bank rate of R$5.1637 = $1.00 on Aug 27, 2026 (Footnote F1).
• No 10b5-1 plan, tax withholding, or gift notation was reported in the provided data.

Context

This is a sale (disposition), which many insiders make for routine reasons (diversification, liquidity, tax). The transaction size ($37.8k) is modest relative to typical executive holdings; purchases generally carry more weight as a bullish signal. The filing appears timely based on the reported dates.