Aura Minerals (AUGO) details BDR securities lending transactions
Rhea-AI Filing Summary
Aura Minerals Inc. director Bruno Sousa Mauad reported internal restructuring transactions involving Brazilian Depositary Receipts (BDRs) linked to the company’s common shares. The Form 4 shows two “other” (code J) transactions tied to securities lending agreements rather than open‑market buying or selling.
Clients of Kapitalo Investimentos Ltda. entered securities lending arrangements under which title to 8,524 BDRs, representing 2,841.33 common shares, temporarily transferred to a counterparty. After these transactions, entities managed by Kapitalo continued to hold 15,700,046 BDRs, and the clients may still be deemed beneficial owners as the lending arrangements can be discontinued at any time.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sousa Mauad Bruno
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Brazilian Depositary Receipts | 8,524 | $0.00 | $0.00 |
| Other | Securities Lending Agreement | 8,524 | $0.00 | $0.00 |
Holdings After Transaction:
Brazilian Depositary Receipts — 15,700,046 shares (Indirect, See footnote);
Securities Lending Agreement — 0 shares (Indirect, See footnote)
Footnotes (3)
- F1. Brazilian Depositary Receipts ("BDR") are certificates representing Common Shares, no par value ("Common Shares") of the Issuer. Three BDRs represent one Common Share of the Issuer.
- F2. The securities are owned directly by entities managed by Kapitalo Investimentos Ltda. ("Kapitalo") and may be deemed to be indirectly beneficially owned by Bruno Sousa Mauad, a partner of Kapitalo.
- F3. Certain clients managed by Kapitalo entered into securities lending agreements whereby title to the securities of the Issuer transferred to a counterparty for the duration of the arrangement. Notwithstanding the foregoing transactions, such clients may be deemed to continue to have beneficial ownership over the securities reported herein as the arrangements may be discontinued at any time by the clients.
Key Figures
BDRs restructured: 8,524 BDRs
Underlying common shares: 2,841.33 shares
BDRs held after transactions: 15,700,046 BDRs
+1 more
4 metrics
BDRs restructured
8,524 BDRs
Title transferred under securities lending agreements
Underlying common shares
2,841.33 shares
Common shares represented by the 8,524 BDRs
BDRs held after transactions
15,700,046 BDRs
Total BDR position by Kapitalo-managed entities following restructuring
BDR to share ratio
3 BDRs per 1 share
Conversion relationship between BDRs and Aura Minerals common shares
Key Terms
Brazilian Depositary Receipts, securities lending agreements, beneficial ownership, Common Shares, no par value
4 terms
Brazilian Depositary Receipts financial
"Brazilian Depositary Receipts ("BDR") are certificates representing Common Shares"
Brazilian Depositary Receipts (BDRs) are certificates traded on Brazilian exchanges that represent ownership of shares in foreign companies, allowing local investors to buy and sell exposure to those overseas stocks without opening foreign brokerage accounts. They matter because they let investors diversify across global companies using local currency and trading hours, similar to buying a locally issued voucher for a foreign product, while still exposing portfolios to the performance and risks of the underlying foreign shares.
securities lending agreements financial
"entered into securities lending agreements whereby title to the securities of the Issuer transferred"
beneficial ownership financial
"such clients may be deemed to continue to have beneficial ownership over the securities reported herein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider activity did Aura Minerals (AUGO) disclose in this Form 4?
Aura Minerals reported “other” restructuring transactions involving Brazilian Depositary Receipts linked to its common shares. Clients of Kapitalo Investimentos Ltda. entered securities lending agreements, transferring title to certain BDRs without any open-market buy or sell being reported.
How many Aura Minerals (AUGO) BDRs were involved in the restructuring?
The filing shows 8,524 Brazilian Depositary Receipts were affected in the restructuring. These BDRs represent 2,841.33 common shares of Aura Minerals, based on the stated ratio that three BDRs correspond to one common share of the issuer.
Who actually owns the Aura Minerals (AUGO) securities referenced in the Form 4?
The securities are held directly by entities managed by Kapitalo Investimentos Ltda. They may be deemed to be indirectly beneficially owned by Bruno Sousa Mauad, a Kapitalo partner, based on the filing’s description of beneficial ownership relationships.
How many Aura Minerals (AUGO) BDRs remained held after the reported transactions?
After the restructuring transactions, entities managed by Kapitalo held 15,700,046 Brazilian Depositary Receipts. Despite securities lending agreements transferring title temporarily, the filing notes that clients may still be deemed beneficial owners of these Aura Minerals-related securities.
What are the key features of the Aura Minerals (AUGO) securities lending agreements?
Certain clients managed by Kapitalo entered securities lending agreements where title to Aura Minerals securities transferred to a counterparty. These arrangements can be discontinued at any time, and the clients may still be considered beneficial owners of the lent securities under the described terms.
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