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GERDAU S.A.·4

May 4, 4:50 PM ET

Wang Chia Yuan 4

4 · GERDAU S.A. · Filed May 4, 2026

Research Summary

AI-generated summary of this filing

Updated

Gerdau S.A. (GGB) Senior Manager Wang Chia Yuan Sells 20,000 Shares

What Happened

Wang Chia Yuan, a member of Gerdau S.A.'s senior management, sold 20,000 American Depositary Receipts (ADRs) on April 30, 2026. The sale generated total proceeds of approximately $90,800 at a reported weighted-average price of $4.54 per ADR. The filing classifies the transaction as an open market or private sale (code "S").

Key Details

  • Transaction date: April 30, 2026; Form 4 filed May 4, 2026 (within the two business-day filing window).
  • Shares sold: 20,000 ADRs; weighted-average price reported $4.54; prices in the sale ranged from $4.52 to $4.56 (per footnote).
  • Proceeds: ~ $90,800.
  • Security type: American Depositary Receipts (ADRs) (Footnote F1).
  • Additional footnotes: several restricted stock units (RSUs) listed with future vesting dates (Mar 1, 2027; Jul 31, 2027; Mar 1, 2028; Mar 1, 2029) (F3–F6).
  • No 10b5-1 plan, tax-withholding, or post-transaction holdings were disclosed in the provided data.

Context

This was a sale by a senior executive; sales can be routine (tax planning, diversification, compensation-related liquidity) and do not necessarily signal a change in insider sentiment. The filing shows the insider also has RSUs scheduled to vest in future years, indicating ongoing equity-based compensation.

Insider Transaction Report

Form 4
Period: 2026-04-30
GERDAU S.A.GGB
Wang Chia Yuan
Other
Transactions
  • Sale

    Preferred shares

    [F1][F2]
    2026-04-30$4.54/sh−20,000$90,800→ 72,195 total
Holdings

  • Preferred shares

    882

  • Restricted Stock Units

    [F3]
    Exercise: $3.58From: 2027-03-01Exp: 2027-03-01→ Preferred shares (76,817 underlying)
    76,817

  • Restricted Stock Units

    [F4]
    Exercise: $3.57From: 2027-07-31Exp: 2027-07-31→ Preferred shares (184,494 underlying)
    184,494

  • Restricted Stock Units

    [F5]
    Exercise: $2.83From: 2028-03-01Exp: 2028-03-01→ Preferred shares (102,580 underlying)
    102,580

  • Restricted Stock Units

    [F6]
    Exercise: $4.04From: 2029-03-01Exp: 2029-03-01→ Preferred shares (75,639 underlying)
    75,639
Footnotes (6)
  • [F1]American Depositary Receipts.
  • [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.52 to $4.56, 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|2026-05-04

Documents

1 file
  • 4
    primary_doc.xmlPrimary

    PRIMARY DOCUMENT