Gerdau (GGB) Chairman Johannpeter Gerdau Sells 99,200 Shares

What Happened

• Johannpeter Andre Bier Gerdau, Chairman of the Board of Directors of Gerdau S.A. (GGB), disposed of 99,200 shares in an open-market sale on August 10, 2026.
• The reported sale price was $4.94 per share, totaling $490,048. The filing notes the price was denominated in Brazilian reais and converted to USD at R$5.0963 per US$1.

Key Details

• Transaction date: 2026-08-10; Report filed: 2026-08-12 (timely filed within the Form 4 window).
• Shares sold: 99,200; Price reported: $4.94/share; Proceeds: $490,048 (USD conversion per footnote).
• Shares owned after transaction: Not specified in the provided excerpt of the report.
• Notable footnotes:
  • F1: Price converted from BRL at R$5.0963/USD (Aug 10, 2026 rate).
  • F2–F4: Restricted stock units vest on Feb 12 of 2027, 2028, and 2029 (these vesting items appear in the filing but are separate from this sale).
  • F5/Remarks: The filing describes a complex ownership chain (Jopar, INDAC, Acoter, Grupo Gerdau Empreendimentos) and the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.

Context

• This was a sale (disposition), which is often routine insider selling and does not by itself indicate management sentiment about the company’s prospects.
• The chairman’s relationship to the company is through directorship and an ownership stake via affiliated entities; the filing clarifies he disclaims beneficial ownership of certain reported shares beyond his pecuniary interest.