Banco Santander (Brasil) Officer Ferro Denis Junior Sells 3,203 Shares

What Happened Ferro Denis Junior, reported as an officer without a specific designation at Banco Santander (Brasil) S.A. (BSBR), sold 3,203 ordinary shares in an open-market/private sale on September 3, 2026. The shares were disposed at $5.95 per share, for a total proceeds of $19,058. The filing reports the per-share equivalent in Brazilian reais as R$30.32.

Key Details

• Transaction date: September 3, 2026; Price: $5.95 per share; Shares sold: 3,203; Total: $19,058.
• Currency conversion: R$30.32 per share; conversion used R$5.0956 = $1.00 (Brazilian Central Bank rate on Sept 3, 2026).
• Shares owned after the transaction: Not specified in the Form 4 provided.
• Filing date: September 8, 2026. This filing is within the two-business-day Form 4 deadline because Sept 7 was a U.S. holiday (Labor Day).
• Transaction type reported as sale (S); no 10b5-1 plan, tax-withholding, or other footnote exceptions cited beyond the currency conversion.

Context

• This was a sale (liquidity event) rather than a purchase; sales by officers can be routine and do not by themselves indicate a change in company outlook.
• No derivative exercises, grants, or gift codes were reported for this transaction; it appears to be a straightforward disposition of shares.