Aura Minerals Director Sousa Mauad Bruno Converts BDRs, Sells Shares

What Happened

• Director Sousa Mauad Bruno reported multiple transactions on September 23, 2026 involving conversions of derivative securities (BDRs) and a small open-market purchase. Reported trades:
  • Converted/Acquired 30,900 common shares at $85.64 each — $2,646,335.
  • Converted/Acquired 150,600 common shares at $86.83 each — $13,076,206.
  • Open-market purchase of 3,000 common shares at $28.49 each — $85,483.
  • Converted/Disposed 544,500 common shares at $28.88 each — $15,726,303.
• The activity includes both acquisitions and a large disposition. The filing notes purchases were funded by the sale of an equivalent number of BDRs (Brazilian Depositary Receipts), effectively converting BDR holdings into direct common shares.

Key Details

• Transaction date: 2026-09-23; Form 4 filed 2026-09-24 (timely).
• Prices: weighted-average prices reported; footnotes state acquisition price ranges were $85.10–$86.00 and $86.11–$86.83 for the two converted purchases, and BDR sale prices ranged R$28.42–R$28.93 (converted to USD for the filing).
• Shares owned after transaction: not disclosed in the provided filing.
• Notable footnotes:
  • F1/F2: reported prices are weighted averages from multiple trades; source of funds for purchases was sale of equivalent number of BDRs.
  • F3: three BDRs represent one common share.
  • F4: BDR sale proceeds were used to purchase common shares (conversion between BDRs and shares).
• Reporting persons disclaim beneficial ownership except to the extent of pecuniary interest; no late filing indicated.

Context

• These entries are conversions between BDRs (Brazilian Depositary Receipts) and Aura common shares rather than a simple cash buy or cashless option exercise. The filing indicates the director sold BDRs and used proceeds to obtain common shares, plus a small separate open‑market purchase.
• For retail investors: conversions like this often reflect a change in how the insider holds the economic interest (direct common shares vs. BDRs). The filing is factual and does not state any change in intent or strategy.