Santander Brasil officer sells 7,500 units

Banco Santander (Brasil) S.A. officer Eduardo Alvarez Garrido reported an open-market sale of 7,500 Units (SANB11).

Rhea-AI Filing Summary

Banco Santander (Brasil) S.A. officer Eduardo Alvarez Garrido reported an open-market sale of 7,500 Units (SANB11). The units were sold at $5.43 per unit, equivalent to R$27.17 using an exchange rate of R$5.0071 per U.S.$1.00. Following this transaction, he directly holds 24,701 units.

Insider Trade Summary

Net Seller: 7,500 shares

Net Sell 1 txn

Insider Garrido Eduardo Alvarez

Role Officer w/o Specific Desig

Sold 7,500 shs ($41K)

Type	Security	Shares	Price	Value
Sale	Unit - SANB11	7,500	$5.43	$41K

Holdings After Transaction: Unit - SANB11 — 24,701 shares (Direct)

Footnotes (1)

1. F1. Equivalent to R$27.17 per share. Amounts presented were converted into U.S. dollars at the exchange rate of R$ 5.0071 per U.S.$1.00 as reported by Brazilian Central Bank on May 21, 2026.

Key Figures

Units sold: 7,500 units Sale price: $5.43 per unit Post-transaction holdings: 24,701 units +2 more

5 metrics

Units sold 7,500 units Open-market sale of Unit - SANB11

Sale price $5.43 per unit Price for Unit - SANB11 on transaction date

Post-transaction holdings 24,701 units Units directly held after sale

BRL price equivalent R$27.17 per share Footnote conversion of sale price

FX rate used R$5.0071 per U.S.$1.00 Brazilian Central Bank rate on May 21, 2026

Key Terms

open-market sale, Unit - SANB11, non-derivative, exchange rate

4 terms

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Unit - SANB11 financial

"security_title: "Unit - SANB11""

non-derivative financial

"transaction_type: "non-derivative""

exchange rate financial

"exchange rate of R$ 5.0071 per U.S.$1.00"

Exchange rate is the price of one currency expressed in another—for example, how many euros you receive for one US dollar. It matters to investors because changes in that price alter the reported profits, costs and value of assets for companies and portfolios that operate or hold money across borders; think of it like switching measurement units, where the same item can look bigger or smaller depending on the unit used.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BSBR report for Eduardo Alvarez Garrido?

Banco Santander (Brasil) S.A. reported that officer Eduardo Alvarez Garrido sold 7,500 Units (SANB11) in an open-market transaction. The Form 4 shows this as a sale of non-derivative securities with direct ownership, reducing but not eliminating his position.

How many Banco Santander (Brasil) BSBR units were sold and at what price?

Eduardo Alvarez Garrido sold 7,500 Units (SANB11) at a price of $5.43 per unit. A footnote explains this equals R$27.17 per share, using an exchange rate of R$5.0071 per U.S.$1.00 reported by the Brazilian Central Bank.

How many BSBR units does Eduardo Alvarez Garrido hold after the sale?

After the reported sale, Eduardo Alvarez Garrido directly holds 24,701 Units (SANB11) of Banco Santander (Brasil) S.A. This figure reflects his remaining non-derivative holdings as shown in the Form 4, indicating he retained a substantial position following the transaction.

What type of transaction was reported in this BSBR Form 4 filing?

The filing describes the transaction as an open-market sale of non-derivative Units (SANB11). The transaction code is “S,” with the description “Sale in open market or private transaction,” confirming it was a straightforward disposal of common-equity units rather than a derivative exercise.

How was the BSBR sale price converted between U.S. dollars and Brazilian reais?

The Form 4 footnote states the $5.43 per-unit sale price is equivalent to R$27.17 per share. This conversion used an exchange rate of R$5.0071 per U.S.$1.00, as reported by the Brazilian Central Bank on May 21, 2026, for disclosure consistency.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/22/2026 - 05:04 PM EDT Learn about SEC filing dates

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^*

Garrido Eduardo Alvarez

(Last) (First) (Middle)

AV PRESIDENTE JUSCELINO KUBITSCHEK, 2041

CJ 281, BLOCO A, COND. WTORRE JK

(Street)

SAO PAULO SAO PAULO 04543-011

(City) (State) (Zip)

BRAZIL

(Country)

2. Issuer Name and Ticker or Trading Symbol
Banco Santander (Brasil) S.A. [ BSBR ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Officer w/o Specific Desig

2a. Foreign Trading Symbol
[UNIT - SANB11]

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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
Unit - SANB11	05/20/2026		S		7,500	D	$5.43(1)	24,701	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

Explanation of Responses:

1. Equivalent to R$27.17 per share. Amounts presented were converted into U.S. dollars at the exchange rate of R$ 5.0071 per U.S.$1.00 as reported by Brazilian Central Bank on May 21, 2026.

	/s/ Eduardo Alvarez Garrido	05/22/2026
	** 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)