Suzano Director Daniel Feffer Receives 408,863 Shares; 8.77M Canceled

What Happened
Daniel Feffer, a director of Suzano S.A. (SUZ), is reporting two non‑market transactions dated 2026-08-19. First, 8,772,223 Suzano shares were recorded as disposed (code J) due to cancellation in a capital reduction of Suzano Holding S.A.; no price applied and the reporting person did not buy or sell shares. Second, Feffer received 408,863 common shares pursuant to the shareholders' agreement of Suzano Holding S.A.; no cash or purchase price was paid. The filing (accession 0002116394-26-000003) was made on 2026-08-20.

Key Details

• Transaction date: 2026-08-19 (reported on Form 4 filed 2026-08-20). Transaction code: J (other acquisition/disposition).
• Cancellation: 8,772,223 shares canceled in connection with a capital reduction of Suzano Holding S.A.; no transaction price (F1).
• Receipt: 408,863 shares received under the shareholders' agreement; no purchase price or consideration (F3, F4). The reporting person did not purchase or sell any shares in these actions (F2, F3).
• Shares after transaction: Suzano Holding S.A. holds 358,840,106 common shares of Suzano S.A. following the cancellation. Feffer, as a party to the shareholders' agreement, continues to share voting and dispositive power over those shares (F2).
• Timing: Filing appears timely (filed the day after the reported transactions). No 10b5-1 plan, tax withholding, or exercise noted.

Context
These were corporate/holding-company level adjustments and an internal reallocation under a shareholders' agreement — not open‑market buys or sales. Such transactions reflect changes in the holding company's capital structure and share allocations among agreement parties; they do not necessarily indicate a change in Feffer’s market view of Suzano.