Aura Minerals director sells 68,856 shares, BDRs
A director of Aura Minerals Inc. reported indirect open-market sales of Brazilian Depositary Receipts and common shares, with all positions held through Kapitalo Investimentos.
Rhea-AI Filing Summary
Aura Minerals Inc. (AUGO) reported that director Bruno Sousa Mauad, through indirect holdings "by Kapitalo Investimentos," sold Brazilian Depositary Receipts and common shares on September 9, 2026. The sales totaled 68,856 securities across both instruments, and no Rule 10b5-1 trading plan is reported.
The transactions included sales of Brazilian Depositary Receipts, which represent common shares at a ratio of three BDRs per one common share, and separate sales of common shares. All holdings are reported as indirect, and the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
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Insights
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Insider Trade Summary
Net Seller: 68,856 shares
Net Sell
2 txns
Insider
Sousa Mauad Bruno
Role
Director
Sold
68,856 shs ($5.09M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Brazilian Depositary Receipts F2, F3 | 15,229 | $29.4386 | $448K |
| Sale | Common Shares F1 | 53,627 | $86.605 | $4.64M |
Holdings After Transaction:
Brazilian Depositary Receipts — 13,292,128 contracts (Indirect, By Kapitalo Investimentos);
Common Shares — 125,031 shares (Indirect, By Kapitalo Investimentos)
Footnotes (3)
- F1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.60 to $86.64, 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.
- 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 $29.23 to $29.61, 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$150.08 Brazilian reais ("BRL") per BDR, has been converted to U.S. dollars ("USD") using the Banco Central do Brasil's conversion rate as of September 9, 2026.
Key Figures
Common shares sold: 53,627 shares
BDRs sold: 15,229 BDRs
Total securities sold: 68,856 units
+5 more
8 metrics
Common shares sold
53,627 shares
Indirect sale on September 9, 2026, by Kapitalo Investimentos
BDRs sold
15,229 BDRs
Indirect sale on September 9, 2026, by Kapitalo Investimentos
Total securities sold
68,856 units
Sum of common shares and BDRs sold on September 9, 2026
Weighted average price – common shares
$86.605 per share
Common shares sold in multiple trades between $86.60 and $86.64
Weighted average price – BDRs (USD)
$29.4386 per BDR
Based on BRL 150.08 per BDR converted using Banco Central do Brasil rate
Indirect holdings after sale – common shares
125,031 shares
Common shares held indirectly after September 9, 2026 transaction
Indirect holdings after sale – BDRs
13,292,128 BDRs
BDRs held indirectly after September 9, 2026 transaction
BDR-to-share ratio
3 BDRs per 1 common share
Each three BDRs represent one Aura Minerals common share
Key Terms
Brazilian Depositary Receipts, weighted average price, pecuniary interest, Section 16, +1 more
5 terms
Brazilian Depositary Receipts financial
"BDRs are certificates representing Common Shares of the Issuer."
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.
weighted average price financial
"The price reported is a weighted average price."
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
"except to the extent of its pecuniary interest, if any, therein"
Section 16 regulatory
"for purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Banco Central do Brasil financial
"using the Banco Central do Brasil's conversion rate as of September 9, 2026."
FAQ
What insider transactions did Aura Minerals (AUGO) report on September 9, 2026?
Aura Minerals reported that director Bruno Sousa Mauad, through Kapitalo Investimentos, sold 53,627 common shares and 15,229 Brazilian Depositary Receipts on September 9, 2026, all as open-market or private sale transactions.
What prices were received in the Aura Minerals (AUGO) insider sales?
The 53,627 common shares were sold at a weighted average price of $86.605 per share, with individual trades between $86.60 and $86.64. The 15,229 BDRs were sold at a weighted average of $29.4386, based on BRL 150.08 per BDR converted using the Banco Central do Brasil rate.
What are Brazilian Depositary Receipts (BDRs) in the context of Aura Minerals (AUGO)?
For Aura Minerals, the filing explains that Brazilian Depositary Receipts (BDRs) are certificates representing common shares of the issuer, with three BDRs equal to one common share of Aura Minerals.
Were the Aura Minerals (AUGO) insider sales made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the September 9, 2026 sales were made pursuant to a Rule 10b5-1 trading plan or other pre-arranged trading arrangement.
Does the Aura Minerals (AUGO) director claim full beneficial ownership of the sold securities?
No. The reporting person disclaims beneficial ownership of the securities except to the extent of any pecuniary interest. The positions are reported as held indirectly through Kapitalo Investimentos.
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