Japur Rafael Dorneles 4
4 · GERDAU S.A. · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Gerdau (GGB) CFO Japur Dorneles Sells 5,000 Shares
What Happened
- Japur Rafael Dorneles, VP, Chief Financial Officer and Investor Relations Officer of Gerdau S.A. (ticker: GGB), sold 5,000 shares on May 22, 2026. The reported USD-equivalent price was $4.75 per share, for a total proceeds of approximately $23,750. The filing lists the transaction as a sale (open market or private sale).
Key Details
- Transaction date: 2026-05-22; reported filing date: 2026-05-26 (filed within the required two business days).
- Price: $4.75 per share (USD equivalent). Total value: $23,750.
- Shares sold: 5,000.
- Shares owned after transaction: Not disclosed in the provided Form 4 excerpt.
- Footnote: Price was denominated in Brazilian reais and converted to USD using the May 22, 2026 selling rate of R$5.0140 per US$1.00 (footnote F1).
- Transaction type: Sale (Form 4 code S — open market or private sale).
Context
- Sales by executives are common and may be for many reasons (liquidity, diversification, tax planning); unlike purchases, sales are generally less informative about insider sentiment. This Form 4 shows a straightforward disposition and was filed timely.
Insider Transaction Report
Form 4
GERDAU S.A.GGB
Transactions
- Sale
Preferred shares
[F1]2026-05-22$4.75/sh−5,000$23,750→ 96,967 total
Holdings
- 8,923
Restricted Stock Units
[F1]Exercise: $3.89From: 2027-02-12Exp: 2027-02-12→ Preferred shares (8,923 underlying) - 46,634
Restricted Stock Units
[F1]Exercise: $3.89From: 2027-02-22Exp: 2027-02-22→ Preferred shares (46,634 underlying) - 38,047
Restricted Stock Units
[F1]Exercise: $3.80From: 2027-08-01Exp: 2027-08-01→ Preferred shares (38,047 underlying) - 15,830
Restricted Stock Units
[F1]Exercise: $3.65From: 2028-02-12Exp: 2028-02-12→ Preferred shares (15,830 underlying) - 29,933
Restricted Stock Units
[F1]Exercise: $4.15From: 2029-02-12Exp: 2029-02-12→ Preferred shares (29,933 underlying) - 81,108
Restricted Stock Units
[F1]Exercise: $4.15From: 2029-02-25Exp: 2029-02-25→ Preferred shares (81,108 underlying)
Footnotes (1)
- [F1]The price is denominated in Brazilian reais and has been translated into U.S. dollars at the May 22 2026 selling rate of R$5.0140per US$1.00, as reported by the Central Bank of Brazil.
Signature
/s/ Rafael Dorneles Japur|2026-05-26