Aura Minerals (AUGO) Director Sousa Mauad Bruno Sells BDRs, Converts to Shares

What Happened

Director Sousa Mauad Bruno executed multiple linked transactions on 2026-09-21. He sold 41,334 BDRs (Brazilian Depositary Receipts) for a weighted-average price of $29.62 per BDR, totaling about $1,224,338 (USD). He also converted derivative interests to acquire 1,600 common shares at a weighted-average price of $87.39 per share (total $139,825). The filing also shows a conversion/disposition of 4,800 derivative-linked units at a weighted-average $29.15 (total $139,938). Footnotes indicate the buy of the common shares was funded by the sale of BDRs — effectively converting BDR holdings into common shares.

Key Details

• Transaction date: September 21, 2026; Form 4 filed September 22, 2026 (timely).
• Major sale: 41,334 BDRs sold at weighted avg $29.62/BDR → ~$1,224,338 USD.
• Conversion/acquisition: 1,600 common shares acquired at $87.39 each → ~$139,825 USD.
• Other conversion/disposition: 4,800 derivative units at $29.15 → ~$139,938 USD.
• BDR conversion note: 3 BDRs = 1 common share (BDRs represent issuer common shares).
• Price notes: Reported prices are weighted averages; BRL→USD conversion used for BDR prices per filing footnotes.
• Shares owned after the transactions: not specified in the provided excerpt.
• No 10b5-1 plan, late filing, or tax-withholding notation disclosed in the provided details.

Context

BDRs are Brazilian Depositary Receipts that represent common shares; the filing indicates these transactions were largely a conversion/swap of BDR interests into direct common shares and a sale of BDRs to fund those conversions. The acquisition of 1,600 common shares was funded by BDR sales — so this is effectively a reallocation from BDRs to direct common shares rather than an out-of-pocket buy. As always, these filings are factual disclosures and do not by themselves indicate the director’s motivation.