Da Cunha Gustavo Werneck 4

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.