Sousa Mauad Bruno 4
4 · Aura Minerals Inc. · Filed Jun 26, 2026
Research Summary
AI-generated summary of this filing
Aura Minerals (AUGO) Director Bruno Sousa Mauad Records Derivative Transfers
What Happened
Bruno Sousa Mauad, a director of Aura Minerals Inc. (AUGO), reported matched acquisitions and dispositions of derivative securities (BDRs) on June 24, 2026. The Form 4 shows dispositions of 8,524 and 437,786 BDRs and corresponding acquisitions of the same amounts; all transactions are coded as "J" (other acquisition/disposition) and reported at $0. Combined, the 446,310 BDRs equal 148,770 underlying common shares (3 BDRs = 1 common share, per filing). The $0 values and footnotes indicate these transfers relate to securities lending arrangements and entity-managed holdings rather than cash market buys or sells.
Key Details
- Transaction date: 2026-06-24; Form 4 filed 2026-06-26 (appears timely, within typical 2-business-day window).
- Reported price/value: $0 for each reported transfer (derivative/transfer activity).
- Shares reported: 8,524 BDRs and 437,786 BDRs both disposed and acquired (total 446,310 BDRs → 148,770 common-share equivalents).
- Ownership after transaction: Not specified on the provided summary of the Form 4.
- Notable footnotes:
- F1: BDR = Brazilian Depositary Receipt; 3 BDRs = 1 common share.
- F2: Securities are owned by entities managed by Kapitalo Investimentos Ltda.; Bruno Sousa Mauad is a partner and may be deemed an indirect beneficial owner.
- F3: Certain Kapitalo clients entered securities lending agreements that transferred legal title to counterparties temporarily; clients may still retain beneficial ownership and can terminate arrangements.
- Reporting remark: The reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
Context
These entries are derivative/transfer items (securities lending/managed-account activity) rather than open-market cash purchases or sales, so they do not directly signal a personal buy or sell for cash. For retail investors, purchases are generally more informative than transfers; because these were reported at $0 and tied to lending arrangements, they should be interpreted as administrative/accounting movements rather than clear insider bullish or bearish trades.
Insider Transaction Report
- Other
Brazilian Depositary Receipts
[F1][F2]2026-06-24−8,524→ 15,253,736 total(indirect: See footnote)→ Common Shares, no par value (2,841.33 underlying) - Other
Securities Lending Agreement
[F3][F2]2026-06-24+8,524→ 446,310 total(indirect: See footnote)→ Common Shares, no par value (2,841.33 underlying) - Other
Brazilian Depositary Receipts
[F1][F2]2026-06-24+437,786→ 15,691,522 total(indirect: See footnote)→ Common Shares, no par value (145,928.67 underlying) - Other
Securities Lending Agreement
[F3][F2]2026-06-24−437,786→ 8,524 total(indirect: See footnote)→ Common Shares, no par value (145,928.67 underlying)
Footnotes (3)
- [F1]Brazilian Depositary Receipts ("BDR") are certificates representing Common Shares, no par value ("Common Shares") of the Issuer. Three BDRs represent one Common Share of the Issuer.
- [F2]The securities are owned directly by entities managed by Kapitalo Investimentos Ltda. ("Kapitalo") and may be deemed to be indirectly beneficially owned by Bruno Sousa Mauad, a partner of Kapitalo.
- [F3]Certain clients managed by Kapitalo entered into securities lending agreements whereby title to the securities of the Issuer transferred to a counterparty for the duration of the arrangement. Notwithstanding the foregoing transactions, such clients may be deemed to continue to have beneficial ownership over the securities reported herein as the arrangements may be discontinued at any time by the clients.