Santander Brasil (BSBR) officer sells 43,876 units at $5.74 each
Rhea-AI Filing Summary
Banco Santander (Brasil) S.A. officer Paulo Fernando Alves Lima reported selling 43,876 UNIT - SANB11 on August 11, 2026 at $5.74 per unit, leaving 35,189 units held directly. The footnote states this price is equivalent to R$29.43 per share using an exchange rate of R$5.1279 per US$1.00 from the Brazilian Central Bank. The filing indicates the Rule 10b5-1 trading-plan checkbox was not marked.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 43,876 shares
Net Sell
1 txn
Insider
Lima Paulo Fernando Alves
Role
Officer w/o Specific Desig
Sold
43,876 shs ($252K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | UNIT - SANB11 F1 | 43,876 | $5.74 | $252K |
Holdings After Transaction:
UNIT - SANB11 — 35,189 shares (Direct)
Footnotes (1)
- F1. Equivalent to R$29.43 per share. Amounts presented were converted into U.S. dollars at the exchange rate of R$ 5.1279 per U.S.$1.00 as reported by Brazilian Central Bank on August 11, 2026.
Key Figures
Units sold: 43,876 UNIT - SANB11
Sale price per unit: $5.74 per unit
Holdings after transaction: 35,189 UNIT - SANB11
+2 more
5 metrics
Units sold
43,876 UNIT - SANB11
Non-derivative sale reported on August 11, 2026
Sale price per unit
$5.74 per unit
Transaction price for UNIT - SANB11 sale
Holdings after transaction
35,189 UNIT - SANB11
Directly owned following the reported sale
Local currency equivalent price
R$29.43 per share
Equivalent to $5.74 per share as described in the footnote
FX rate used
R$5.1279 per US$1.00
Brazilian Central Bank rate on August 11, 2026
Key Terms
Rule 10b5-1, Brazilian Central Bank, non-derivative security, beneficially owned
4 terms
Rule 10b5-1 regulatory
"The filing indicates the Rule 10b5-1 trading-plan checkbox was not marked"
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.
Brazilian Central Bank financial
"as reported by Brazilian Central Bank on August 11, 2026"
non-derivative security financial
"The transaction involved UNIT - SANB11 and is classified as a non-derivative security"
beneficially owned financial
"the total number of units beneficially owned following the reported sale"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What insider transaction did BSBR officer Paulo Fernando Alves Lima report?
Paulo Fernando Alves Lima reported a sale of 43,876 UNIT - SANB11 on August 11, 2026 at a price of $5.74 per unit, according to the Form 4 filing for Banco Santander (Brasil) S.A. (BSBR).
At what price did the BSBR insider sell the 43,876 units?
The BSBR insider sale was executed at $5.74 per unit. A footnote explains this corresponds to R$29.43 per share, based on an exchange rate of R$5.1279 per US$1.00 from the Brazilian Central Bank on August 11, 2026.
How many Banco Santander (Brasil) BSBR units does the insider hold after the sale?
After the transaction, the reporting officer holds 35,189 UNIT - SANB11 directly. This figure is disclosed as the total number of units beneficially owned following the reported sale on the Form 4.
Was the BSBR insider sale made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox was not marked, so the transaction is not affirmatively identified as being made under a Rule 10b5-1 trading arrangement for Banco Santander (Brasil) S.A. (BSBR).
What exchange rate was used to convert the BSBR insider sale price to U.S. dollars?
The footnote states that amounts were converted using an exchange rate of R$5.1279 per US$1.00, as reported by the Brazilian Central Bank on August 11, 2026, resulting in an equivalent price of R$29.43 per share.
What security class was involved in the BSBR insider transaction?
The transaction involved UNIT - SANB11 of Banco Santander (Brasil) S.A. (BSBR). The Form 4 classifies it as a non-derivative security, and the reported transaction code is S for a sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.