Wang Chia Yuan 4

What Happened
Wang Chia Yuan, listed as senior management at GERDAU S.A. (GGB), disposed of 30,935 American Depositary Receipts (ADRs) on June 2, 2026. The Form 4 reports total proceeds of $138,898 and a reported weighted‑average price of $4.49 per ADR; a footnote states the shares were sold in multiple transactions at prices ranging $4.86–$4.91.

Key Details

• Transaction date: 2026-06-02; filing date: 2026-06-03 (appears timely).
• Reported weighted-average price: $4.49; footnote F2: individual sale prices ranged $4.86–$4.91.
• Shares sold/disposed: 30,935 ADRs; total proceeds reported: $138,898.
• Shares owned after the transaction: not specified in the provided filing data.
• Footnotes of note: F1 indicates these are American Depositary Receipts (ADRs); F3–F6 note outstanding restricted stock units vesting on 3/1/2027, 7/31/2027, 3/1/2028 and 3/1/2029.
• Transaction type code: S = Sale (open market or private sale). No 10b5‑1 plan, tax‑withholding, or late‑filing indicators were reported in the provided details.

Context
This was a sale (disposition) rather than a purchase or option exercise. Sales by insiders are common and can be routine (personal liquidity, diversification, tax needs, etc.); they do not necessarily signal negative company prospects. The filing shows ADRs and lists several future vesting dates for restricted stock units, but those RSUs vest in later years and do not directly explain the June 2 sale based on the information provided.