Wang Chia Yuan 4
4 · GERDAU S.A. · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Gerdau (GGB) Senior Manager Wang Chia Yuan Sells 34,000 Shares
What Happened
- Wang Chia Yuan, a member of senior management at Gerdau S.A. (ticker GGB), sold 34,000 American Depositary Receipts (ADRs) on April 8, 2026. The reported weighted-average price was $4.00 per ADR (individual trades ranged $4.00–$4.01), for total proceeds of approximately $136,000. This was a sale (S), which is often routine portfolio-management activity rather than an explicit signal about the company.
Key Details
- Transaction date: April 8, 2026
- Filing date: April 10, 2026 (filed two days after the trade; generally within the Form 4 two-business-day reporting window)
- Shares sold: 34,000 ADRs
- Price: weighted average $4.00; individual trades $4.00–$4.01 (see footnote)
- Proceeds: ~$136,000
- Shares owned after transaction: Not disclosed in this filing
- Notable footnotes: F1 indicates these are ADRs; F2 explains the weighted-average price and trade range; F3–F6 note outstanding restricted stock units with vesting dates in 2027–2029
- Transaction type code: S = Sale
Context
- The filing reports an open-market or private sale; no derivative exercise, gift, or 10b5-1 plan is disclosed. Sales by executives can be routine (taxes, diversification, cash needs) and do not by themselves indicate management’s view of the company.
Insider Transaction Report
Form 4
GERDAU S.A.GGB
Wang Chia Yuan
Other
Transactions
- Sale
Preferred shares
[F1][F2]2026-04-08$4.00/sh−34,000$136,000→ 193,895 total
Holdings
- 882
Preferred shares
- 76,817
Restricted Stock Units
[F3]Exercise: $3.58From: 2027-03-01Exp: 2027-03-01→ Preferred shares (76,817 underlying) - 184,494
Restricted Stock Units
[F4]Exercise: $3.57From: 2027-07-31Exp: 2027-07-31→ Preferred shares (184,494 underlying) - 102,580
Restricted Stock Units
[F5]Exercise: $2.83From: 2028-03-01Exp: 2028-03-01→ Preferred shares (102,580 underlying) - 75,639
Restricted Stock Units
[F6]Exercise: $4.04From: 2029-03-01Exp: 2029-03-01→ Preferred shares (75,639 underlying)
Footnotes (6)
- [F1]American Depositary Receipts.
- [F2]The price reported in Column 4 is a weighted average price. There shares were sold in multiple transactions at prices ranging from $4.00 to $4.01, inclusive.
- [F3]Restricted stock units vest on March 1, 2027 (American Depositary Receipts).
- [F4]Restricted stock units vest on July 31, 2027 (American Depositary Receipts).
- [F5]Restricted stock units vest on March 1, 2028 (American Depositary Receipts).
- [F6]Restricted stock units vest on March 1, 2029 (American Depositary Receipts).
Signature
/s/ Chia Yuan Wang|2026-04-10