Santander Brasil (NYSE: BSBR) officer trims stake with 38K-unit sale

Rhea-AI Filing Summary

Banco Santander (Brasil) S.A. officer Ana Paula Vitali Janes Vescovi reported an open-market sale of 38,000 Units - SANB11 on March 19, 2026. The units were sold at $5.79 per unit, a price equivalent to R$29.06 per share using an exchange rate of R$5.0238 per US$1.00 reported by the Brazilian Central Bank on April 13, 2026. After this transaction, she directly holds 33,926 units, according to the filing.

Insights

Equity analyst – insider activity

Santander Brasil officer reports open-market sale of 38,000 units, retaining a direct stake.

The Form 4 shows officer Ana Paula Vitali Janes Vescovi executed an open-market sale of 38,000 Units - SANB11 at $5.79 per unit on March 19, 2026. This is a discretionary transaction classified as a sale in the open market or private transaction.

Following the sale, her direct holdings stand at 33,926 units, indicating she continues to maintain a meaningful position. A footnote states the sale price equals R$29.06 per share, using an exchange rate of R$5.0238 per US$1.00 reported on April 13, 2026. No derivative holdings are listed in this filing.

Insider Trade Summary

Net Seller: 38,000 shares

Net Sell 1 txn

Insider Vescovi Ana Paula Vitali Janes

Role Officer w/o Specific Desig

Sold 38,000 shs ($220K)

Type	Security	Shares	Price	Value
Sale	Unit - SANB11	38,000	$5.79	$220K

Holdings After Transaction: Unit - SANB11 — 33,926 shares (Direct)

Footnotes (1)

1. F1. Equivalent to R$29.06 per share. Amounts presented were converted into U.S. dollars at the exchange rate of R$ 5.0238 per U.S.$1.00 as reported by Brazilian Central Bank on April 13, 2026.

Key Figures

Units sold: 38,000 units Sale price per unit: $5.79 per unit Holdings after transaction: 33,926 units +2 more

5 metrics

Units sold 38,000 units Open-market sale of Units - SANB11 on March 19, 2026

Sale price per unit $5.79 per unit Price for Units - SANB11 in the March 19, 2026 sale

Holdings after transaction 33,926 units Direct ownership of Units - SANB11 following the sale

BRL equivalent price R$29.06 per share BRL equivalent of sale price from Form 4 footnote

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

Key Terms

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

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""

exchange rate financial

"converted into U.S. dollars at the exchange rate of R$ 5.0238"

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.

non-derivative financial

"transaction_type": "non-derivative""

FAQ

What insider transaction did Ana Paula Vescovi report for Banco Santander (Brasil) S.A. (BSBR)?

Ana Paula Vitali Janes Vescovi reported selling 38,000 Units - SANB11 in an open-market transaction. The sale took place on March 19, 2026 at a price of $5.79 per unit, as disclosed in a Form 4 insider filing for Banco Santander (Brasil) S.A.

At what price were the 38,000 SANB11 units sold in the BSBR Form 4 filing?

The 38,000 Units - SANB11 were sold at $5.79 per unit. A footnote explains this price equals R$29.06 per share, using an exchange rate of R$5.0238 per US$1.00 reported by the Brazilian Central Bank on April 13, 2026.

How many Banco Santander (Brasil) S.A. units does the insider hold after the reported sale?

After the reported transaction, the insider directly holds 33,926 Units - SANB11. This post-transaction balance reflects her remaining stake following the open-market sale of 38,000 units disclosed in the Form 4 for Banco Santander (Brasil) S.A. (BSBR).

Was the BSBR insider transaction an open-market sale or another type of trade?

The BSBR insider transaction was an open-market sale. The filing classifies it with code “S” and describes it as a sale in the open market or private transaction, confirming it was a discretionary disposition rather than a grant, gift, or tax-related withholding event.

Does the BSBR Form 4 filing show any derivative securities for the reporting officer?

The Form 4 filing does not list any derivative securities for the officer. The transaction involves non-derivative Units - SANB11 only, and the derivativeSummary section in the provided data is empty, indicating no options, warrants, or other derivatives are reported in this filing.

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Accepted by SEC EDGAR 04/16/2026 - 06:26 PM 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^*

Vescovi Ana Paula Vitali Janes

(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)
03/19/2026

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	03/19/2026		S		38,000	D	$5.79(1)	33,926	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$29.06 per share. Amounts presented were converted into U.S. dollars at the exchange rate of R$ 5.0238 per U.S.$1.00 as reported by Brazilian Central Bank on April 13, 2026.

	/s/ Ana Paula Vitali Janes Vescovi	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)