Wang Chia Yuan 4

What Happened
Wang Chia Yuan, a member of senior management at Gerdau S.A. (GGB), sold 76,700 American Depositary Receipts (ADRs) on April 28, 2026. The weighted average sale price was $4.49 per share (individual trades ranged $4.47–$4.52), for total proceeds of approximately $344,383. The Form 4 reports these as open-market or private sales (code S).

Key Details

• Transaction date: April 28, 2026. Filed: April 30, 2026 (appears timely under standard reporting rules).
• Price: Weighted average $4.49; trade prices ranged $4.47–$4.52 (footnote).
• Shares sold: 76,700 ADRs; proceeds ≈ $344,383.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Notable footnotes: F1 = American Depositary Receipts; F2 = weighted-average price/range; F3–F6 = various restricted stock units that vest in 2027–2029 (these refer to future awards, not the sold shares).
• No 10b5‑1 plan, tax withholding, gift, or option exercise was indicated in the provided details.

Context
This was a sale by an insider rather than a purchase. Insider sales can be routine (for liquidity, tax, or diversification reasons) and do not by themselves indicate company outlook. The filing shows ADRs and several outstanding restricted stock units with future vesting dates, but those RSUs were not the subject of this sale.