BSBR officer sells 16,500 units at $5.95

Banco Santander (Brasil) S.A. officer Eduardo Garrido Alvarez reported an open-market sale of 16,500 Units (SANB11) at $5.95 per unit.

Rhea-AI Filing Summary

Banco Santander (Brasil) S.A. officer Eduardo Garrido Alvarez reported an open-market sale of 16,500 Units (SANB11) at $5.95 per unit. After this transaction, he directly holds 32,201 Units. A footnote states the sale price was equivalent to R$29.90 per share using an exchange rate of R$5.0238 per US$1.00.

Insider Trade Summary

Net Seller: 16,500 shares

Net Sell 1 txn

Insider Garrido Eduardo Alvarez

Role Officer w/o Specific Desig

Sold 16,500 shs ($98K)

Type	Security	Shares	Price	Value
Sale	Unit - SANB11	16,500	$5.95	$98K

Holdings After Transaction: Unit - SANB11 — 32,201 shares (Direct)

Footnotes (1)

1. F1. Equivalent to R$29.90 per share. Amounts presented were converted into U.S. dollars at the exchange rate of R$ 5.0238 per U.S.$1.00 as reported by Brazilian Central Bank on April 13, 2026.

Key Figures

Units sold: 16,500 Units Sale price: $5.95 per Unit Holdings after sale: 32,201 Units +2 more

5 metrics

Units sold 16,500 Units Non-derivative open-market sale on March 26, 2026

Sale price $5.95 per Unit Price for Unit - SANB11 in reported transaction

Holdings after sale 32,201 Units Direct ownership following the transaction

BRL equivalent price R$29.90 per share Footnote equivalent for the sale price

FX rate used R$5.0238 per US$1.00 Exchange rate from Brazilian Central Bank on April 13, 2026

Key Terms

open-market sale, Unit - SANB11, non-derivative, Form 4, +1 more

5 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""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

exchange rate financial

"exchange rate of R$ 5.0238 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 officer Eduardo Garrido Alvarez report?

Eduardo Garrido Alvarez reported an open-market sale of 16,500 Units (SANB11) of Banco Santander (Brasil) S.A. at $5.95 per unit. The filing shows this as a non-derivative transaction and identifies him as a company officer without a specific designation.

At what price did the BSBR insider sell the 16,500 Units?

The 16,500 Units were sold at $5.95 per unit, according to the Form 4. A footnote explains this was equivalent to R$29.90 per share, using an exchange rate of R$5.0238 per US$1.00 reported by the Brazilian Central Bank.

How many Banco Santander (Brasil) Units does the insider hold after the sale?

Following the reported transaction, Eduardo Garrido Alvarez directly holds 32,201 Units of Banco Santander (Brasil) S.A. The Form 4 identifies these holdings as direct ownership, meaning they are not reported as held through an intermediary entity.

What type of security did the BSBR insider sell in this Form 4?

The transaction involved a security titled “Unit - SANB11,” classified as a non-derivative security. These Units were sold in an open-market transaction, as indicated by the transaction code S and the description “Sale in open market or private transaction.”

Does the BSBR Form 4 mention any derivatives or options for the insider?

The Form 4 derivative summary is empty, indicating no derivative transactions or remaining derivative positions are reported in this filing. The activity disclosed is limited to a single non-derivative sale of Units, with no options or similar instruments listed.

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

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Accepted by SEC EDGAR 04/16/2026 - 06:33 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)
03/26/2026

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	03/26/2026		S		16,500	D	$5.95(1)	32,201	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$29.90 per share. Amounts presented were converted into U.S. dollars at the exchange rate of R$ 5.0238 per U.S.$1.00 as reported by Brazilian Central Bank on April 13, 2026.

	/s/ Eduardo Alvarez Garrido	04/14/2026
	** 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)