GERDAU (GGB) EVP Rafael Gamboa Sells 51,800 Shares

What Happened
Rafael Gamboa Lopes, Executive Vice President of GERDAU S.A. (GGB), disposed of 51,800 shares on September 17, 2026. The shares were sold at a translated price of $5.09 per share (price originally in Brazilian reais), for aggregate proceeds of approximately $263,662. This was a sale (disposition), which is commonly a routine liquidity event and does not by itself indicate insider sentiment.

Key Details

• Transaction date: 2026-09-17; Filing date (Form 4): 2026-09-21.
• Price: $5.09 per share (amounts translated from BRL at the Sept 17, 2026 rate of R$5.1521 per US$1.00 — see footnote).
• Shares sold: 51,800; Total proceeds: ≈ $263,662.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: Price was denominated in Brazilian reais and converted to USD using the Central Bank of Brazil rate R$5.1521/USD on Sept 17, 2026.
• No 10b5-1 plan, tax-withholding, or other special instructions were disclosed in the provided details.

Context
Sales by executives are common for personal liquidity, diversification, or other non-investment reasons; they should not be interpreted alone as a signal about company fundamentals. Purchases generally carry more weight when assessing insider conviction. If you need the insider’s remaining holdings or a full Form 4 scan, check the SEC filing (Accession: 0002120169-26-000001) for complete details.