Aura Minerals (AUGO) CEO sells shares, enters 128,000-share forward deal

Rhea-AI Filing Summary

Aura Minerals Inc. President and CEO Rodrigo Cardoso reported open-market sales of common shares and a new forward sale contract. On May 11, 2026, he sold 60,000 common shares at a weighted average price of $81.43, followed by 55,000 shares sold on May 12, 2026 at a weighted average price of $82.63, for total sales of 115,000 shares. After these transactions, he directly owned 739,745 common shares. On May 11, 2026, he also entered into a prepaid variable forward sale contract with an unaffiliated buyer covering up to 128,000 common shares, with final settlement on May 11, 2027. The contract provides an up-front cash payment and requires delivery of up to 128,000 shares at settlement based on the share price relative to an agreed forward floor and cap price.

Insights

Equity capital markets analyst

Aura Minerals CEO sells shares and commits up to 128,000 shares under a forward sale.

Rodrigo Cardoso, President and CEO of Aura Minerals, executed open-market sales totaling 115,000 common shares at weighted average prices of $81.43 and $82.63. Following these sales, he still directly holds 739,745 common shares, indicating a substantial remaining equity position.

In parallel, Cardoso entered a prepaid variable forward sale contract on May 11, 2026 covering up to 128,000 common shares, with final settlement on May 11, 2027. This structure provides an up-front cash payment and obligates delivery of up to 128,000 shares depending on the future share price relative to a forward floor and cap.

The filing shows a net-sell direction of 115,000 shares and a derivative obligation tied to 128,000 underlying shares. Actual future impact will depend on Aura Minerals’ share price at the May 2027 settlement and any additional transactions Cardoso reports in subsequent filings.

Insider Trade Summary

Net Seller: 115,000 shares ($9,430,450)

Net Sell 3 txns

Insider Barbosa Rodrigo Cardoso

Role President and CEO

Sold 115,000 shs ($9.43M)

Type	Security	Shares	Price	Value
Sale	Common Shares	55,000	$82.63	$4.54M
Other	Forward Sale Contract (obligation to sell)	128,000	$0.00	--
Sale	Common Shares	60,000	$81.43	$4.89M

Holdings After Transaction: Common Shares — 739,745 shares (Direct, null); Forward Sale Contract (obligation to sell) — 128,000 shares (Direct, null)

Footnotes (1)

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.73 to $84.54 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 shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.52 to $84.96 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 shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4. On May 11, 2026, the reporting person entered into a prepaid variable forward sale contract with an unaffiliated third party buyer. The contract provides for an up-front cash payment based on a percentage of the then-current stock price, subject to final settlement on May 11, 2027. At settlement, the reporting person will deliver up to 128,000 common shares determined based on the price of the common shares at settlement relative to an agreed forward floor price and forward cap price.

Key Figures

Shares sold May 11, 2026: 60,000 shares at $81.43 Shares sold May 12, 2026: 55,000 shares at $82.63 Total shares sold: 115,000 shares +3 more

6 metrics

Shares sold May 11, 2026 60,000 shares at $81.43 Open-market sale of common shares on May 11, 2026

Shares sold May 12, 2026 55,000 shares at $82.63 Open-market sale of common shares on May 12, 2026

Total shares sold 115,000 shares Net-sell direction in transaction summary

Shares held after transactions 739,745 shares Direct common share ownership following May 12, 2026 sale

Forward contract size 128,000 shares Underlying common shares for prepaid variable forward

Forward contract expiration May 11, 2027 Final settlement date for prepaid variable forward sale contract

Key Terms

weighted average price, prepaid variable forward sale contract, forward floor price, forward cap price, +1 more

5 terms

weighted average price financial

"The price reported is a weighted average price. These shares were sold in multiple transactions..."

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.

prepaid variable forward sale contract financial

"On May 11, 2026, the reporting person entered into a prepaid variable forward sale contract..."

forward floor price financial

"determined based on the price... relative to an agreed forward floor price and forward cap price."

forward cap price financial

"relative to an agreed forward floor price and forward cap price."

underlying security financial

"underlying_security_title": "Common Shares", "underlying_security_shares": "128000.0000""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Barbosa Rodrigo Cardoso

(Last) (First) (Middle)

C/O AURA TECHNICAL SERVICES INC.

3390 MARY ST, SUITE 116

(Street)

COCONUT GROVE FLORIDA 33133

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Aura Minerals Inc. [ AUGO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	05/11/2026		S		60,000	D	$81.43(1)	794,745	D
Common Shares	05/12/2026		S		55,000	D	$82.63(2)	739,745	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Forward Sale Contract (obligation to sell)	(3)	05/11/2026		J/K(3)		128,000		(3)	05/11/2027	Common Shares	128,000	(3)	128,000	D

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.73 to $84.54 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 shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.52 to $84.96 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 shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.

3. On May 11, 2026, the reporting person entered into a prepaid variable forward sale contract with an unaffiliated third party buyer. The contract provides for an up-front cash payment based on a percentage of the then-current stock price, subject to final settlement on May 11, 2027. At settlement, the reporting person will deliver up to 128,000 common shares determined based on the price of the common shares at settlement relative to an agreed forward floor price and forward cap price.

	/s/ Rodrigo Cardoso Barbosa	05/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

How many Aura Minerals (AUGO) shares did the CEO sell in this Form 4?

The President and CEO of Aura Minerals sold a total of 115,000 common shares in open-market transactions. He sold 60,000 shares on May 11, 2026 at a weighted average of $81.43 and 55,000 shares on May 12, 2026 at a weighted average of $82.63.

What prices did Aura Minerals (AUGO) CEO Rodrigo Cardoso receive for the sold shares?

Rodrigo Cardoso’s reported sale prices are weighted averages of multiple trades. On May 11, 2026, he sold shares at a weighted average price of $81.43, and on May 12, 2026, at a weighted average price of $82.63, with individual trades occurring within stated price ranges.

How many Aura Minerals (AUGO) shares does the CEO hold after these transactions?

After completing the reported open-market sales, the Aura Minerals President and CEO directly owns 739,745 common shares. This figure reflects his position following the 60,000-share sale on May 11, 2026 and the 55,000-share sale on May 12, 2026 disclosed in the Form 4.

What is the prepaid variable forward sale contract disclosed for Aura Minerals (AUGO)?

On May 11, 2026, the CEO entered a prepaid variable forward sale contract with an unaffiliated buyer. He receives an up-front cash payment and, on May 11, 2027, will deliver up to 128,000 common shares based on Aura Minerals’ share price versus agreed floor and cap levels.

When does the Aura Minerals (AUGO) forward sale contract settle and what is its size?

The prepaid variable forward sale contract settles on May 11, 2027 and is tied to up to 128,000 underlying common shares. The actual number of shares delivered will depend on Aura Minerals’ stock price at settlement relative to a negotiated forward floor and cap price.

Is the Aura Minerals (AUGO) CEO’s forward sale contract with a related party?

The filing states that the prepaid variable forward sale contract was entered into with an unaffiliated third party buyer. That means the counterparty is not described as a related party to the CEO or Aura Minerals in this disclosure.