Macro Bank (NYSE: BMA) director discloses multi-class holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Macro Bank Inc. director Brito Jorge Pablo filed an initial ownership report showing his existing stake in the company, rather than any new buy or sell transaction. He directly holds Class A ordinary shares, Class B ordinary shares, and American depositary shares of Banco Macro S.A.
He also reports additional Class A and Class B ordinary shares and American depositary shares held indirectly through Sanbay S.A., reflecting only his proportionate pecuniary interest in that entity’s holdings. Each American depositary share represents ten Class B ordinary shares, so these ADS positions correspond to a larger underlying equity interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Brito Jorge Pablo
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class B ordinary shares | -- | -- | -- |
| holding | American depositary shares | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class B ordinary shares | -- | -- | -- |
| holding | American depositary shares | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares — 356 shares (Direct);
Class B ordinary shares — 2,003,665 shares (Direct);
American depositary shares — 100,000 shares (Direct);
Class A ordinary shares — 24 shares (Indirect, By Sanbay S.A.);
Class B ordinary shares — 1,010,266 shares (Indirect, By Sanbay S.A.);
American depositary shares — 1,244 shares (Indirect, By Sanbay S.A.)
Footnotes (1)
- Each American depositary share represents ten (10) Class B ordinary shares of Banco Macro S.A. The reported amount represents the Reporting Person's proportionate interest in securities held by Sanbay S.A. The Reporting Person disclaims beneficial ownership of the securities held by Sanbay S.A. except to the extent of such Reporting Person's pecuniary interest therein.
FAQ
What does the Form 3 filed by Brito Jorge Pablo for Macro Bank Inc. (BMA) show?
The Form 3 shows Brito Jorge Pablo’s existing ownership in Macro Bank Inc., including direct Class A and Class B ordinary shares and American depositary shares. It is an initial ownership report, not a record of new purchases or sales.
How many types of securities does Brito Jorge Pablo report owning in Macro Bank Inc. (BMA)?
He reports three security types: Class A ordinary shares, Class B ordinary shares, and American depositary shares. These holdings are split between positions held in his own name and positions held indirectly through Sanbay S.A. where he has a proportionate pecuniary interest.
How are indirect holdings through Sanbay S.A. reported in the Macro Bank Inc. (BMA) Form 3?
Indirect holdings are reported as securities held by Sanbay S.A., with Brito Jorge Pablo disclosing his proportionate pecuniary interest. He expressly disclaims beneficial ownership of Sanbay S.A.’s securities except to the extent of that economic interest, clarifying the nature of these indirect positions.
Does the Macro Bank Inc. (BMA) Form 3 indicate any recent insider buying or selling by Brito Jorge Pablo?
The Form 3 lists holdings with unknown transaction codes and no share amounts for specific trades, indicating it is an initial ownership statement. It does not show explicit buy or sell transactions, only the number of securities owned after reporting.
What is the difference between direct and indirect ownership reported for Macro Bank Inc. (BMA)?
Direct ownership covers securities held personally by Brito Jorge Pablo. Indirect ownership covers securities held by Sanbay S.A., where he has a pecuniary interest. The filing distinguishes these categories and includes a disclaimer limiting his claimed beneficial ownership in the indirect holdings.