Japur Rafael Dorneles 4

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.