Sousa Mauad Bruno 4

What Happened

• Bruno Sousa Mauad, a director of Aura Minerals (AUGO), reported same-day derivative transactions on 2026-06-25: an acquisition and a disposition of 8,524 Brazilian Depositary Receipts (BDRs). Both transactions show $0.00 per share (no cash changed hands). These were reported as Code J ("other acquisition or disposition") on the Form 4 filed 2026-06-30.
• This is not a typical open-market buy or sell: the entries reflect transfers of derivative securities (BDRs) rather than purchases for cash. Because the transactions occurred at zero consideration, they do not represent a market-value purchase or sale.

Key Details

• Transaction date: 2026-06-25; Form 4 filed: 2026-06-30 (filed one business day late under Section 16 timing rules).
• Reported transactions: acquisition of 8,524 BDRs @ $0.00 and disposition of 8,524 BDRs @ $0.00 (both Code J).
• Shares owned after transaction: the filing does not disclose a new total beneficial ownership for the reporting person; the 8,524 figure refers to BDRs moved in the reported transactions. (Note: 3 BDRs = 1 common share, so 8,524 BDRs ≈ 2,841 common shares.)
• Footnotes of note:
  • F1: BDRs are Brazilian Depositary Receipts representing common shares; three BDRs equal one common share.
  • F2: The securities are owned directly by entities managed by Kapitalo Investimentos Ltda.; Bruno Mauad is a partner of Kapitalo and may be deemed an indirect beneficial owner.
  • F3: Certain clients managed by Kapitalo had securities lending arrangements where title transferred to a counterparty for the duration; such arrangements can generate same-day transfers and do not necessarily change beneficial ownership.
• Reporting remark: the reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest.

Context

• These Code J entries and the $0.00 prices typically indicate administrative transfers (e.g., movements related to BDR mechanics or securities lending) rather than trading based on a view of the company’s prospects. They should not be read as a conventional buy/sell signal.
• The Form 4 was filed one business day after the two-business-day Section 16 deadline, which reduces timeliness and may attract scrutiny or penalties but does not itself indicate trading intent.