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Santander Brasil (NYSE: BSBR) CEO logs offsetting 148K-unit buy and sell

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Banco Santander (Brasil) S.A. director and CEO Mario Roberto Opice Leao reported offsetting trades in the company’s UNIT - SANB11 on June 11, 2026. An investment fund he wholly owns and controls bought 148,400 units at $5.20 each, while he sold 148,400 units directly at the same price. The filing shows no net change in his overall position from these transactions.

Positive

  • None.

Negative

  • None.
Insider Leao Mario Roberto Opice
Role CEO
Bought 148,400 shs ($772K)
Sold 148,400 shs ($772K)
Type Security Shares Price Value
Sale UNIT - SANB11 148,400 $5.20 $772K
Purchase UNIT - SANB11 148,400 $5.20 $772K
Holdings After Transaction: UNIT - SANB11 — 398,888 shares (Direct, null); UNIT - SANB11 — 259,900 shares (Indirect, SANTANDER PB ROMA III MULTIMERCADO CREDITO PRIVADO)
Footnotes (1)
  1. Equivalent to R$26.78 per share. Amounts presented were converted into U.S. dollars at the exchange rate of R$ 5.1472 per U.S.$1.00 as reported by Brazilian Central Bank on June 11, 2026. Held indirectly by SANTANDER PB ROMA III MULTIMERCADO CREDITO PRIVADO - FUNDO DE INVESTIMENTO FINANCEIRO, which is wholly owned and controlled by Mr. Leao.
Units purchased indirectly 148,400 units at $5.20 Open-market purchase via controlled fund on June 11, 2026
Units sold directly 148,400 units at $5.20 Open-market sale from direct holdings on June 11, 2026
Direct holdings after sale 398,888 units Direct UNIT - SANB11 position following reported sale
Indirect holdings after purchase 259,900 units Indirect UNIT - SANB11 position via controlled fund
Brazilian price equivalent R$26.78 per share Equivalent to $5.20 at R$5.1472 per US$1.00
FX rate used R$5.1472 per US$1.00 Brazilian Central Bank rate on June 11, 2026
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
""ownership_type": "indirect""
FUNDO DE INVESTIMENTO FINANCEIRO financial
"SANTANDER PB ROMA III MULTIMERCADO CREDITO PRIVADO - FUNDO DE INVESTIMENTO FINANCEIRO"
exchange rate financial
"exchange rate of R$ 5.1472 per U.S.$1.00 as reported"
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Leao Mario Roberto Opice
(Last)(First)(Middle)
AV PRESIDENTE JUSCELINO KUBITSCHEK, 2041
CJ 281, BLOCO A, COND. WTORRE JK
(Street)
SAO PAULOSAO PAULO04543-011
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
UNIT - SANB1106/11/202606/11/2026S148,400D$5.2(1)398,888D
UNIT - SANB1106/11/202606/11/2026P148,400A$5.2(1)259,900ISANTANDER PB ROMA III MULTIMERCADO CREDITO PRIVADO(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Equivalent to R$26.78 per share. Amounts presented were converted into U.S. dollars at the exchange rate of R$ 5.1472 per U.S.$1.00 as reported by Brazilian Central Bank on June 11, 2026.
2. Held indirectly by SANTANDER PB ROMA III MULTIMERCADO CREDITO PRIVADO - FUNDO DE INVESTIMENTO FINANCEIRO, which is wholly owned and controlled by Mr. Leao.
/s/ Mario Roberto Opice Leao06/11/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did BSBR CEO Mario Leao report on June 11, 2026?

Mario Roberto Opice Leao reported both a purchase and a sale of Banco Santander (Brasil) UNIT - SANB11 on June 11, 2026. An entity he controls bought 148,400 units, while he sold 148,400 units directly at the same price.

Was the BSBR CEO a net buyer or seller in this Form 4 filing?

The reported trades result in no net change in total units. The controlled fund acquired 148,400 units while Leao sold 148,400 units directly, so the transaction summary shows zero net buy/sell shares from these offsetting moves.

At what price were the Banco Santander (Brasil) SANB11 units traded?

Both the purchase and sale of UNIT - SANB11 were executed at $5.20 per unit. A footnote states this equals R$26.78 per share, using an exchange rate of R$5.1472 per US$1.00 on June 11, 2026.

How many BSBR units does Mario Leao hold after these transactions?

After the direct sale, Leao’s direct holdings are reported as 398,888 units. After the fund’s purchase, its indirect holdings are reported as 259,900 units, both figures appearing separately in the filing for the respective ownership types.

How are the indirect BSBR holdings of the CEO structured?

The indirect holdings are held by SANTANDER PB ROMA III MULTIMERCADO CREDITO PRIVADO, a fund described as wholly owned and controlled by Mario Leao. The Form 4 attributes indirect ownership of 259,900 UNIT - SANB11 to this investment vehicle.