Da Cunha Gustavo Werneck 4
4 · GERDAU S.A. · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
GERDAU (GGB) CEO Da Cunha Sells 88,000 Shares
What Happened
- Da Cunha Gustavo Werneck, CEO and director of GERDAU S.A. (GGB), sold 88,000 ordinary shares on April 28, 2026. The filing reports a sale price of $4.50 per share (USD-equivalent), for a total of approximately $396,000. The transaction is coded as a sale (S) and was reported on a Form 4 filed May 5, 2026.
Key Details
- Transaction date: 2026-04-28; Report filed: 2026-05-05 (Form 4 accession 0002120774-26-000002).
- Shares sold: 88,000 at $4.50 per share (USD-equivalent) — total ~$396,000.
- Price translation: The filing notes the price was denominated in Brazilian reais and translated to USD at R$4.9878 per US$1.00 (Apr 28, 2026) (Footnote F1). A second footnote (F2) shows an alternate translation rate of R$5.0821 per US$1.00 (Apr 9, 2026) used elsewhere in the filing.
- Shares owned after transaction: Not specified in the provided excerpt.
- Filing timeliness: Form 4 shows the Apr 28 transaction and was filed May 5, 2026. The filing does not include a late-filing flag in the provided data.
Context
- This was a sale (disposition) of existing shares, which is generally considered routine insider selling and does not by itself indicate the insider’s view of the company’s prospects. No option exercise, award, gift, or tax-withholding event is noted in the provided transaction details.
Insider Transaction Report
Form 4
GERDAU S.A.GGB
Da Cunha Gustavo Werneck
CEO and Board Member
Transactions
- Sale
Preferred shares
[F1]2026-04-28$4.50/sh−88,000$396,000→ 80 total
Holdings
- 86,455
Restricted Stock Units
[F2]Exercise: $3.84From: 2027-02-12Exp: 2027-02-12→ Preferred shares (86,455 underlying) - 152,887
Restricted Stock Units
[F2]Exercise: $3.73From: 2027-09-01Exp: 2027-09-01→ Preferred shares (152,887 underlying) - 92,024
Restricted Stock Units
[F2]Exercise: $3.60From: 2028-02-12Exp: 2028-02-12→ Preferred shares (92,024 underlying) - 86,598
Restricted Stock Units
[F2]Exercise: $4.10From: 2029-02-12Exp: 2029-02-12→ Preferred shares (86,598 underlying)
Footnotes (2)
- [F1]The price is denominated in Brazilian reais and has been translated into U.S. dollars at the April 28, 2026 selling rate of R$4.9878 per US$1.00, as reported by the Central Bank of Brazil.
- [F2]The price is denominated in Brazilian reais and has been translated into U.S. dollars at the April 9, 2026 selling rate of R$5.0821 per US$1.00, as reported by the Central Bank of Brazil.
Signature
/s/ Gustavo Werneck Da Cunha|2026-05-05