Da Cunha Gustavo Werneck 4

What Happened
Da Cunha Gustavo Werneck (CEO and board member) acquired 165,224 shares of Gerdau S.A. in an open-market purchase on June 12, 2026. The reported U.S. dollar price was $4.73 per share, for a total reported value of $781,510. This was a purchase (a bullish signal in that insiders are buying rather than selling), not a sale.

Key Details

• Transaction date: June 12, 2026
• Transaction type/code: Open-market purchase (P)
• Shares acquired: 165,224
• Price reported: $4.73 per share; total $781,510 (USD)
• Currency note: Price was denominated in Brazilian reais and translated to USD using the June 12, 2026 selling rate of R$5.0827 per US$1.00 (Footnote F1). Footnote F2 appears in the filing but relates to an earlier April 9, 2026 translation rate.
• Shares owned after the transaction: Not specified in the provided Form 4 excerpt
• Filing timeliness: Report filed June 15, 2026 for a June 12 transaction — filed within the required Form 4 window (timely).

Context
Insider purchases are often watched by investors as a potentially bullish signal since executives are putting personal capital into the company; however, filings are factual records and do not state the insider’s motivation. This transaction was a straight purchase (no option exercise, award, or gift indicated).