Aura Minerals director reports BDR restructuring
Aura Minerals Inc. director Bruno Sousa Mauad reported a set of “other” derivative transactions involving securities lending arrangements and Brazilian Depositary Receipts (BDRs) linked to Aura Minerals common shares.
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Form Type
4
Rhea-AI Filing Summary
Aura Minerals Inc. director Bruno Sousa Mauad reported a set of “other” derivative transactions involving securities lending arrangements and Brazilian Depositary Receipts (BDRs) linked to Aura Minerals common shares. The filing shows restructuring-type activity totaling 268,888 derivative securities with no cash price per unit reported.
The BDRs each represent certificates over common shares, with three BDRs equal to one common share. The positions are held indirectly through entities and clients managed by Kapitalo Investimentos Ltda., which are identified as the direct owners of the securities, while Mauad may be deemed an indirect beneficial owner.
Insider Trade Summary
Other: 268,888 shares
Other
4 txns
Insider
Sousa Mauad Bruno
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Brazilian Depositary Receipts | 134,244 | $0.00 | $0.00 |
| Other | Securities Lending Agreement | 134,244 | $0.00 | $0.00 |
| Other | Brazilian Depositary Receipts | 200 | $0.00 | $0.00 |
| Other | Securities Lending Agreement | 200 | $0.00 | $0.00 |
Holdings After Transaction:
Brazilian Depositary Receipts — 31,784,000 contracts (Indirect, (2));
Securities Lending Agreement — 31,918,444 contracts (Indirect, (2))
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 continues to have beneficial ownership over the securities reported herein as the arragngement may be discontinued at any time by the clients.
Key Figures
Restructuring transactions: 268,888 securities
Single BDR restructuring lot: 134,244 BDRs
Underlying common shares per BDR lot: 44,748 shares
+2 more
5 metrics
Restructuring transactions
268,888 securities
Total derivative securities in restructuring-type transactions
Single BDR restructuring lot
134,244 BDRs
June 2, 2026 Brazilian Depositary Receipts transaction
Underlying common shares per BDR lot
44,748 shares
Underlying common shares for 134,244 BDRs
Indirect holdings after transaction
15,959,222 shares
Total shares following one reported derivative transaction
BDR conversion ratio
3 BDRs per 1 share
Footnote definition of Brazilian Depositary Receipts
Key Terms
Brazilian Depositary Receipts, Securities Lending Agreement, beneficial ownership, indirectly beneficially owned
4 terms
Brazilian Depositary Receipts financial
"Brazilian Depositary Receipts ("BDR") are certificates representing Common Shares, no par value"
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 Agreement financial
"Certain clients managed by Kapitalo entered into securities lending agreements whereby title to the securities"
A securities lending agreement is a contract where an investor or institution temporarily loans stocks or bonds to another party in exchange for collateral and a fee, like lending a valuable book to someone who leaves a security deposit. It matters to investors because it can generate extra income from holdings, but also exposes them to counterparty and recall risks and can affect share availability and short-selling pressure, which in turn may influence a security’s price.
beneficial ownership financial
"such clients may be deemed to continues 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.
indirectly beneficially owned financial
"may be deemed to be indirectly beneficially owned by Bruno Sousa Mauad, a partner of Kapitalo"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Aura Minerals (AUGO) report in this Form 4?
Aura Minerals reported director Bruno Sousa Mauad in connection with "other" derivative transactions. These involve securities lending arrangements and Brazilian Depositary Receipts tied to common shares, reflecting restructuring-type activity rather than straightforward open-market buying or selling of Aura Minerals stock.
How many securities were involved in Bruno Sousa Mauad’s restructuring transactions at Aura Minerals (AUGO)?
The Form 4 shows restructuring activity covering 268,888 derivative securities in total. These consist of securities lending agreement positions and Brazilian Depositary Receipts, each ultimately linked to Aura Minerals common shares, with no transaction price per unit disclosed in the filing tables.
What are Brazilian Depositary Receipts in the Aura Minerals (AUGO) filing?
Brazilian Depositary Receipts are certificates representing Aura Minerals common shares. The footnotes state that three BDRs correspond to one common share, so BDR holders effectively have indirect exposure to the underlying Aura Minerals equity through these depositary instruments.
Who is the direct owner of the Aura Minerals (AUGO) securities referenced in the Form 4?
The filing states the securities are owned directly by entities managed by Kapitalo Investimentos Ltda. Bruno Sousa Mauad, a Kapitalo partner, may be deemed an indirect beneficial owner, reflecting his relationship to the managing entity rather than direct personal ownership.
What is the nature of the securities lending agreements mentioned for Aura Minerals (AUGO)?
Certain clients managed by Kapitalo entered securities lending agreements transferring title to Aura Minerals securities to a counterparty for the arrangement’s duration. The footnotes explain these clients may still be deemed beneficial owners because they can discontinue the lending arrangement at any time.
Did Aura Minerals (AUGO) Form 4 show open-market buys or sells by Bruno Sousa Mauad?
The Form 4 does not list open-market purchases or sales. All four reported entries use transaction code "J" for other acquisitions or dispositions, categorized as restructuring transactions related to derivative positions and securities lending, rather than standard buy or sell orders.
AI-generated analysis. How Rhea-AI works. Not financial advice.
