Suzano (SUZ) Director David Feffer Receives 554,210 Shares; 8.77M Cancelled

What Happened

• Director David Feffer was involved in two non‑market transactions on 2026-08-19: 8,772,223 Suzano common shares were cancelled in connection with a capital reduction of Suzano Holding S.A., and he received 554,210 common shares pursuant to the Suzano Holding shareholders' agreement. No purchase price or sale proceeds apply to these transactions.

Key Details

• Transaction date: 2026-08-19; Form 4 filed 2026-08-20 (Accession 0002118012-26-000003).
• Transaction codes: reported as "Other acquisition or disposition" (code J) for both items.
• Price/Value: N/A — the cancellation and the receipt of shares involved no cash consideration (see footnotes F1 and F4).
• Shares owned/controlled after transaction: Suzano Holding S.A. holds 358,840,106 Suzano common shares after the cancellation; Feffer, as a party to the Suzano Holding shareholders' agreement, continues to share voting and dispositive power over those shares (footnote F2).
• Additional note: The reporting person did not purchase or sell shares—the receipt of 554,210 shares was pursuant to the shareholders' agreement (footnote F3).

Context

• These were not open‑market trades. The 8.77M reduction was a corporate capital reduction (cancellation of shares) rather than a sale, and the 554,210 shares were allocated internally under the shareholders' agreement with no cash paid. Such transfers typically reflect internal corporate actions or reallocation among related parties rather than a straightforward bullish/bearish signal from market buying or selling.