Aura Minerals (AUGO) director offloads BDRs, cuts stake by 239,617 shares
Rhea-AI Filing Summary
Aura Minerals Inc. (AUGO) director Bruno Sousa Mauad, through indirect holdings "By Kapitalo Investimentos", reported multiple transactions on August 20, 2026 involving Brazilian Depository Receipts (BDRs) and common shares. Indirect holdings sold 114,617 BDRs in two weighted-average priced open-market transactions and converted 750,000 BDRs into 250,000 common shares. On the same date, the indirect holder sold 125,000 common shares and acquired 250,000 common shares through the BDR exchange. The reporting person disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Sousa Mauad Bruno
Role
Director
Sold
239,617 shs ($14.05M)
Approx. gross sale proceeds
$10.75M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Brazilian Depository Receipts F2, F3 | 39,533 | $28.32 | $1.12M |
| Sale | Brazilian Depository Receipts F2, F4 | 75,084 | $29.06 | $2.18M |
| Conversion | Brazilian Depository Receipts F2, F5, F6 | 750,000 | $28.93 | $21.70M |
| Sale | Common Shares | 125,000 | $86.00 | $10.75M |
| Conversion | Common Shares F1 | 250,000 | $86.57 | $21.64M |
Holdings After Transaction:
Brazilian Depository Receipts — 30,290,344 shares (Indirect, By Kapitalo Investimentos);
Common Shares — 293,765 shares (Indirect, By Kapitalo Investimentos)
Footnotes (6)
- F1. The shares were acquired through the exchange of Brazilian Depositary Receipts ("BDRs") into Common Shares, no par value ("Common Shares"), of the Issuer.
- F2. BDRs are certificates representing Common Shares of the Issuer. Three BDRs represent one Common Share of the Issuer.
- F3. The price reported is a weighted average price. These BDRs were sold in multiple transactions at prices ranging from $27.88 to $28.83, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of BDRs sold at each separate price within the ranges set forth in footnote (3) to this Form 4. The weighted average price, R$146,43 Brazilian reais ("BRL") per BDR, has been converted to U.S. dollars ("USD") using the Banco Central do Brasil's conversion rate as of August 20, 2026.
- F4. The price reported is a weighted average price. These BDRs were sold in multiple transactions at prices ranging from $28.84 to $29.30, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of BDRs sold at each separate price within the ranges set forth in footnote (4) to this Form 4. The weighted average price, R$150.25 Brazilian reais ("BRL") per BDR, has been converted to U.S. dollars ("USD") using the Banco Central do Brasil's conversion rate as of August 20, 2026.
- F5. These BDRs were disposed through the exchange of BDRs into Common Shares of the Issuer.
- F6. The stated price in USD of $28.93 has been converted from Brazilian Reais to USD using the Banco Central do Brasil's conversion rate as of August 20, 2026.
Key Figures
BDRs sold (first block): 39,533.0000 BDRs
BDRs sold (second block): 75,084.0000 BDRs
BDRs converted: 750,000.0000 BDRs
+4 more
7 metrics
BDRs sold (first block)
39,533.0000 BDRs
Indirect sale on 2026-08-20 at weighted average price $28.3200 per BDR
BDRs sold (second block)
75,084.0000 BDRs
Indirect sale on 2026-08-20 at weighted average price $29.0600 per BDR
BDRs converted
750,000.0000 BDRs
Indirect conversion on 2026-08-20 into 250,000.0000 underlying common shares
Common shares sold
125,000.0000 shares
Indirect sale on 2026-08-20 at $86.0000 per share
Common shares acquired
250,000.0000 shares
Indirect acquisition on 2026-08-20 via BDR exchange at $86.5700 per share
BDR ratio
3 BDRs per 1 common share
Footnote states three BDRs represent one common share of the issuer
Net buy/sell shares
239,617 shares (net sell)
Form 4 transaction summary netBuySellShares and netBuySellDirection
Key Terms
Brazilian Depository Receipts, weighted average price, pecuniary interest, Conversion of derivative security, +1 more
5 terms
Brazilian Depository Receipts financial
"The shares were acquired through the exchange of Brazilian Depositary Receipts"
Brazilian Depositary Receipts are financial certificates issued in Brazil that represent ownership of shares in companies listed outside Brazil, allowing local investors to buy and sell foreign stocks without using a foreign exchange. They matter because they let investors easily access international companies while trading in local currency and under domestic rules, exposing portfolios to foreign business performance and currency moves much like buying a locally labeled version of a foreign product.
weighted average price financial
"The price reported is a weighted average price. These BDRs were sold"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of its pecuniary interest"
Conversion of derivative security financial
"transaction_code_description": "Conversion of derivative security""
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "By Kapitalo Investimentos""
FAQ
What insider transactions did Aura Minerals Inc. (AUGO) report on August 20, 2026?
On August 20, 2026, an indirect holder associated with director Bruno Sousa Mauad sold 114,617 BDRs, converted 750,000 BDRs into 250,000 common shares, sold 125,000 common shares, and acquired 250,000 common shares, all reported as indirect ownership "By Kapitalo Investimentos".
Were the Aura Minerals (AUGO) Form 4 trades executed under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and no footnote states that the transactions were made pursuant to a Rule 10b5-1 or pre-arranged trading plan.
How many Brazilian Depository Receipts of Aura Minerals (AUGO) were sold and at what prices?
Indirect holdings sold 39,533 BDRs at a weighted average of $28.32 and 75,084 BDRs at a weighted average of $29.06, each in multiple trades within stated price ranges, with prices converted from Brazilian reais using the Banco Central do Brasil rate on August 20, 2026.
Who actually holds the Aura Minerals (AUGO) securities reported for Bruno Sousa Mauad?
All transactions are reported as indirect ownership "By Kapitalo Investimentos". The reporting person disclaims beneficial ownership of the securities except to the extent of any pecuniary interest, so the positions are attributed to Kapitalo Investimentos for these trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.