Director at Energy Co of Minas Gerais (CIG) sells 1,550 preferreds
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Director Aloisio Macario Ferreira de Souza of Energy Co of Minas Gerais reported an open-market sale of 1,550 shares of Preferred Stock on April 6, 2026 at $2.49 per share. After this transaction, he directly holds 6,450 preferred shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,550 shares ($3,860)
Net Sell
1 txn
Insider
Ferreira de Souza Aloisio Macario
Role
null
Sold
1,550 shs ($4K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Preferred Stock | 1,550 | $2.49 | $4K |
Holdings After Transaction:
Preferred Stock — 6,450 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 1,550 shares
Sale price per share: $2.49 per share
Shares held after transaction: 6,450 shares
3 metrics
Shares sold
1,550 shares
Preferred Stock sold on April 6, 2026
Sale price per share
$2.49 per share
Price for Preferred Stock sale on April 6, 2026
Shares held after transaction
6,450 shares
Director’s direct Preferred Stock holdings post-sale
Key Terms
Preferred Stock, open-market sale, Form 4, transaction code "S"
4 terms
Preferred Stock financial
"The transaction involved 1,550 shares of Preferred Stock sold at $2.49 per share."
Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividend payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, making it a more stable and predictable investment option. This makes preferred stock attractive to those seeking steady income with lower risk.
open-market sale financial
"The Form 4 describes the transaction as an open-market sale of 1,550 shares."
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.
Form 4 regulatory
"Details of the insider trade are disclosed in a Form 4 filing."
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.
transaction code "S" regulatory
"The filing uses transaction code "S" to classify the sale."
FAQ
What insider transaction did Energy Co of Minas Gerais (CIG) report?
Energy Co of Minas Gerais disclosed that director Aloisio Macario Ferreira de Souza sold 1,550 shares of Preferred Stock. The shares were sold in an open-market transaction at $2.49 per share, and the Form 4 records his updated direct holdings afterward.
Was the Energy Co of Minas Gerais (CIG) insider transaction a buy or a sell?
The recorded insider transaction was a sale of shares, not a purchase. The Form 4 classifies it with transaction code "S" as an open-market sale of 1,550 Preferred Stock shares at $2.49 each by a company director.
What type of security did the Energy Co of Minas Gerais (CIG) director trade?
The transaction involved the company’s Preferred Stock rather than common shares. The Form 4 specifically lists the security title as Preferred Stock and records an open-market sale of 1,550 shares at a price of $2.49 per share.