Gerdau (GGB) Senior Manager Marcos Zilles Sells 10,387 ADRs

What Happened

• Marcos Zilles, a member of Gerdau S.A.'s senior management, sold 10,387.111 American Depositary Receipts (ADRs) in an open-market transaction on June 8, 2026. The shares were disposed at $5.11 per ADR for proceeds of approximately $53,078. This was a sale (S), which is often routine insider selling and not necessarily a signal about company prospects.

Key Details

• Transaction date and price: June 8, 2026 — 10,387.111 ADRs sold at $5.11 each.
• Total proceeds: Approximately $53,078.
• Shares owned after transaction: Not disclosed in the information provided in this summary/filing.
• Footnotes: F1 indicates these are American Depositary Receipts (ADRs). F2 notes restricted stock units that vest on March 1, 2029 (also ADRs) — this vesting schedule is separate from the reported sale.
• Timeliness: The Form 4 was filed on August 14, 2026 for a June 8, 2026 transaction, which appears to be a late filing and reduces the immediacy of the disclosure.

Context

• Sales by executives can be routine (diversification, tax needs, planned selling) and do not by themselves indicate management views on the company. This report documents a straightforward open-market sale; no options exercise, cashless sale, gift, or 10b5-1 plan was disclosed in the provided details.