Wang Chia Yuan 4

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.