Santander Brasil (NYSE: BSBR) VP sells 55,000 SANB11 units in market trade

Rhea-AI Filing Summary

Banco Santander (Brasil) S.A. executive vice president Germanuela de Almeida de Abreu sold 55,000 units of SANB11 in an open-market transaction. The sale occurred at a price of $5.92 per unit on March 24, 2026. After the transaction, she directly holds 45,896 units. A footnote explains this price is equivalent to R$29.74 per share, using an exchange rate of R$5.0238 per U.S.$1.00 reported by the Brazilian Central Bank on April 13, 2026.

Insights

Equity compensation and insider-trading analyst

Santander Brasil VP executed a sizeable open-market sale but retains a meaningful position.

The reporting person, a VP Executive Officer of Banco Santander (Brasil) S.A., completed an open-market sale of 55,000 units of SANB11 at $5.92 per unit. This is a discretionary sale, not a tax-withholding or automatic grant event.

Following the transaction, she directly holds 45,896 units, indicating that a substantial portion of her prior holdings was sold but a significant stake remains. A footnote converts the sale price to R$29.74 per share using a Brazilian Central Bank rate of R$5.0238 per U.S.$1.00 as of April 13, 2026, providing local-currency context without referencing any trading plan.

Insider Trade Summary

Net Seller: 55,000 shares ($325,600)

Net Sell 1 txn

Insider de Abreu Germanuela de Almeida

Role VP Exec Officer

Sold 55,000 shs ($326K)

Type	Security	Shares	Price	Value
Sale	Unit - SANB11	55,000	$5.92	$326K

Holdings After Transaction: Unit - SANB11 — 45,896 shares (Direct)

Footnotes (1)

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Key Figures

Units sold: 55,000 units Sale price: $5.92 per unit Holdings after transaction: 45,896 units +2 more

5 metrics

Units sold 55,000 units Open-market sale of SANB11 on March 24, 2026

Sale price $5.92 per unit Price for SANB11 units in reported transaction

Holdings after transaction 45,896 units Directly owned SANB11 units following the sale

Local-currency equivalent R$29.74 per share Converted using R$5.0238 per U.S.$1.00 on April 13, 2026

FX rate used R$5.0238 per U.S.$1.00 Brazilian Central Bank rate on April 13, 2026

Key Terms

open-market sale, Unit - SANB11, Form 4, exchange rate, +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""

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

"converted into U.S. dollars at the 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.

Brazilian Central Bank financial

"as reported by Brazilian Central Bank on April 13, 2026"

Form 4 Insider Transactions: What Each Field Means →

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^*

de Abreu Germanuela de Almeida

(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)
	VP Exec Officer

2a. Foreign Trading Symbol
[UNIT - SANB11]

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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	03/24/2026		S		55,000	D	$5.92(1)	45,896	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$29.74 per share. Amounts presented were converted into U.S. dollars at the exchange rate of R$ 5.0238 per U.S.$1.00 as reported by Brazilian Central Bank on April 13, 2026.

	/s/ Germanuela de Almeida de Abreu	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)

FAQ

What did the Banco Santander (Brasil) S.A. (BSBR) executive report in this Form 4?

The Form 4 reports that a VP Executive Officer of Banco Santander (Brasil) S.A. sold 55,000 SANB11 units in an open-market transaction at $5.92 per unit and now directly holds 45,896 units following the sale.

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

The executive sold 55,000 SANB11 units at a price of $5.92 per unit. A footnote states this corresponds to R$29.74 per share, using a Brazilian Central Bank exchange rate of R$5.0238 per U.S.$1.00 on April 13, 2026.

What are the executive’s remaining holdings in Banco Santander (Brasil) S.A. (BSBR) after this sale?

After the reported open-market sale, the VP Executive Officer directly holds 45,896 SANB11 units. This figure reflects her position immediately following the 55,000-unit transaction disclosed in the Form 4 filing for Banco Santander (Brasil) S.A.

Was the Banco Santander (Brasil) S.A. (BSBR) transaction an open-market sale or another type of transfer?

The transaction was classified as an open-market sale, identified by code “S” in the filing. This indicates a discretionary sale in the market or a private transaction, rather than a grant, tax withholding, gift, or internal restructuring event.

How does the Form 4 convert the Banco Santander (Brasil) S.A. (BSBR) sale price to Brazilian reais?

A footnote explains the $5.92 unit price equals R$29.74 per share. The conversion uses an exchange rate of R$5.0238 per U.S.$1.00, as reported by the Brazilian Central Bank on April 13, 2026, providing local-currency context for the transaction.