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Aura Minerals Inc.·4

Jun 18, 6:35 PM ET

Sousa Mauad Bruno 4

Research Summary

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Aura Minerals (AUGO) Director Bruno Sousa Mauad Reports Derivative Transfers

What Happened

  • Bruno Sousa Mauad, a director of Aura Minerals (AUGO), reported a series of "other acquisition or disposition" (code J) derivative transactions on June 16–17, 2026. The filings show matched acquisitions and dispositions of 32,757 BDRs on 6/16 and 56,688 BDRs on 6/17, each at $0.00. Total reported: 89,445 BDRs (no cash value recorded).
  • Because the transactions are reported at $0.00 and show simultaneous acquisitions and dispositions, there is no clear net cash sale or purchase recorded in this Form 4.

Key Details

  • Transaction dates and amounts:
    • 2026-06-16: Disposed 32,757 BDRs @ $0.00; Acquired 32,757 BDRs @ $0.00.
    • 2026-06-17: Disposed 56,688 BDRs @ $0.00; Acquired 56,688 BDRs @ $0.00.
  • Reported value: $0.00 for each reported transaction (derivative transfers).
  • BDR conversion: 3 BDRs = 1 common share. 89,445 BDRs = 29,815 common shares (for reference).
  • Ownership after transaction: Not specified in the provided filing details.
  • Notable footnotes:
    • F1: These are Brazilian Depositary Receipts (BDRs) representing common shares (3 BDRs = 1 share).
    • F2: Securities are owned by entities managed by Kapitalo Investimentos Ltda.; Bruno Mauad may be deemed an indirect beneficial owner as a partner of Kapitalo.
    • F3: Some securities were subject to securities lending arrangements; title may have transferred to a counterparty during the arrangement though beneficial ownership may continue.
    • Reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
  • Filing timeliness: Report covers transactions on 6/16–6/17 and was filed 6/18/2026 — appears timely under Form 4 reporting rules.

Context

  • Code J and $0.00 entries typically reflect non‑cash transfers (internal reassignments, record-level transfers, or securities lending activity) rather than open‑market buys or sales. Footnotes here point to managed-account ownership and securities lending as the reason for the reported transfers.
  • These entries do not indicate a conventional buy or sell decision by the director in the open market; they reflect changes in how the securities are held or recorded.