Gerdau (GGB) Vice‑Chairman Claudio Johannpeter Sells 85,607 Shares

What Happened
Claudio Johannpeter, Vice‑Chairman of Gerdau S.A. (GGB), disposed of 85,607 shares on September 23, 2026. The shares were reported sold at a USD‑equivalent price of $4.94 per share, for a total proceeds of approximately $422,899. This was a sale (not a purchase or option exercise), which is commonly routine insider selling and not itself a signal of company prospects.

Key Details

• Transaction date: September 23, 2026. Filing date: September 25, 2026 (reported two days after the transaction; no indication in the filing that it was late).
• Price and amount: 85,607 shares at a translated price of $4.94 per share, total ≈ $422,899 (USD equivalent).
• Currency note: The reported USD price was converted from Brazilian reais using the Sept 23, 2026 selling rate of R$5.1414 per US$1.00 (Footnote F1).
• Shares owned after transaction: Not specified in the provided excerpt of the Form 4.
• Other footnotes of interest: F2–F4 note restricted stock units vesting on Feb 12 of 2027, 2028 and 2029; F5 describes a complex ownership chain (Klapar Participacoes, INDAC, Grupo Gerdau entities) and includes a disclaimer limiting claimed beneficial ownership to the reporting person’s pecuniary interest.

Context

• This filing reports a straightforward sale (transaction code S). For retail investors, purchases are generally more informative than routine sales; filings do not state motivation.
• The F5 disclosure indicates holdings and control via entities and includes a disclaimer that the reporting person disclaims beneficial ownership of reported securities except to the extent of pecuniary interest — useful when assessing potential influence or control.