Santander Brasil (NYSE: BSBR) officer sale not under 10b5-1 plan
Rhea-AI Filing Summary
Banco Santander (Brasil) S.A. (BSBR) reported that officer Fasoli Franco Luigi sold 24,600 units ("UNIT - SANB11") on August 13, 2026 in an open market or private transaction. The units were sold at $5.71 per unit, equivalent to R$29.59 per unit using an exchange rate of R$5.1853 per US$1.00. After this sale, the officer directly holds 80,443 units. The filing indicates the transaction was not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 24,600 shares
Net Sell
1 txn
Insider
Fasoli Franco Luigi
Role
Officer w/o Specific Desig
Sold
24,600 shs ($140K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | UNIT - SANB11 F1 | 24,600 | $5.71 | $140K |
Holdings After Transaction:
UNIT - SANB11 — 80,443 shares (Direct)
Footnotes (1)
- F1. Equivalent to R$29.59 per share. Amounts presented were converted into U.S. dollars at the exchange rate of R$ 5.1853 per U.S.$1.00 as reported by Brazilian Central Bank on August 13, 2026.
Key Figures
Units sold: 24,600 units
Sale price per unit: $5.71 per unit
Local currency equivalent: R$29.59 per unit
+3 more
6 metrics
Units sold
24,600 units
Non-derivative sale of UNIT - SANB11 on August 13, 2026
Sale price per unit
$5.71 per unit
Reported transaction price for UNIT - SANB11
Local currency equivalent
R$29.59 per unit
Equivalent of the $5.71 sale price per unit
Exchange rate
R$5.1853 per US$1.00
Brazilian Central Bank rate on August 13, 2026 used for conversion
Holdings after transaction
80,443 units
Direct ownership of UNIT - SANB11 after the sale
Net shares sold
24,600 units
Net selling activity reported in this Form 4
Key Terms
UNIT - SANB11, sale in open market or private transaction, Rule 10b5-1, exchange rate
4 terms
UNIT - SANB11 financial
"security_title shows the non-derivative security as UNIT - SANB11"
sale in open market or private transaction financial
"transaction_code_description states sale in open market or private transaction"
Rule 10b5-1 regulatory
"aff_10b5_one field indicates status of Rule 10b5-1 trading plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
exchange rate financial
"footnote explains amounts converted using an exchange rate of R$ 5.1853 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
What insider transaction did BSBR report for Fasoli Franco Luigi on August 13, 2026?
BSBR reported that officer Fasoli Franco Luigi sold 24,600 UNIT - SANB11 on August 13, 2026. The sale was reported as a sale in open market or private transaction and not under a Rule 10b5-1 plan.
At what price were the BSBR units sold in the August 13, 2026 insider transaction?
The BSBR units were sold at $5.71 per unit on August 13, 2026. A footnote states this is equivalent to R$29.59 per unit, using an exchange rate of R$5.1853 per US$1.00 from the Brazilian Central Bank.
How many BSBR units does Fasoli Franco Luigi hold after the reported sale?
After the reported sale, Fasoli Franco Luigi directly holds 80,443 units of BSBR (UNIT - SANB11). This figure reflects the position following the 24,600-unit sale disclosed for August 13, 2026.
Was the August 13, 2026 BSBR insider sale made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is unchecked, and there is no footnote indicating a plan. This means the 24,600-unit sale was not affirmatively reported as executed under a pre-arranged trading plan.
What currency exchange rate was used to translate the BSBR insider sale price?
The translation used an exchange rate of R$5.1853 per US$1.00. This rate, reported by the Brazilian Central Bank for August 13, 2026, makes the $5.71 per unit sale price equivalent to R$29.59 per unit.
AI-generated analysis. How Rhea-AI works. Not financial advice.