Gerdau executive reports preferred share and RSU holdings

GERDAU S.A. senior manager Clemir Uhlein filed an initial statement of beneficial ownership, detailing current equity holdings rather than new trades.

Rhea-AI Filing Summary

GERDAU S.A. senior manager Clemir Uhlein filed an initial statement of beneficial ownership, detailing current equity holdings rather than new trades. The filing reports direct ownership of 38,276 preferred shares.

Uhlein also holds three restricted stock unit awards over preferred shares: 3,570 units vesting on February 12, 2027, 4,117 units vesting on February 12, 2028, and 4,038 units vesting on February 12, 2029. The associated exercise prices are denominated in Brazilian reais.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Uhlein Clemir

Role Insider

Type	Security	Shares	Price	Value
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Preferred shares	--	--	--

Holdings After Transaction: Restricted Stock Units — 11,725 contracts (Direct); Preferred shares — 38,276 shares (Direct)

Footnotes (3)

1. F1. Restricted stock units vest on February 12, 2027. Exercise price denominated in Brazilian reais (R$).
2. F2. Restricted stock units vest on February 12, 2028. Exercise price denominated in Brazilian reais (R$).
3. F3. Restricted stock units vest on February 12, 2029. Exercise price denominated in Brazilian reais (R$).

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Clemir Uhlein report holding in Gerdau (GGB) on this Form 3?

Clemir Uhlein reports direct ownership of 38,276 preferred shares of Gerdau S.A. The filing also lists several restricted stock unit awards tied to preferred shares, reflecting equity-based compensation rather than open-market buying or selling activity.

What restricted stock units are disclosed for Clemir Uhlein in Gerdau (GGB)?

The Form 3 shows three restricted stock unit awards over Gerdau preferred shares: 3,570, 4,117, and 4,038 underlying shares. These represent future share delivery rights, contingent on vesting dates and the company’s equity compensation terms.

When do Clemir Uhlein’s Gerdau restricted stock units vest?

The restricted stock units vest on February 12, 2027, February 12, 2028, and February 12, 2029. Each vesting date corresponds to a separate RSU award, creating a staggered schedule of potential preferred share delivery over three consecutive years.

In what currency are Clemir Uhlein’s Gerdau RSU exercise prices denominated?

The exercise prices for Clemir Uhlein’s restricted stock units are denominated in Brazilian reais (R$). Footnotes clarify this for each RSU grant, important for understanding the local-currency value of the awards relative to Gerdau’s preferred shares.

Does this Gerdau (GGB) Form 3 show Clemir Uhlein buying or selling shares?

The Form 3 presents holdings only, not explicit purchases or sales. It lists existing preferred share ownership and outstanding restricted stock units, serving as an initial snapshot of Clemir Uhlein’s beneficial ownership position at Gerdau S.A.

What type of securities does Clemir Uhlein hold in Gerdau (GGB)?

Clemir Uhlein holds preferred shares directly and restricted stock units whose underlying security is also preferred shares. This combination reflects both current ownership and potential future equity through vesting RSU awards.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 09:00 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Uhlein Clemir

(Last) (First) (Middle)

AVENUE DOUTORA RUTH DE CARDOSO, 8501

8TH FLOOR, PINHEIROS

(Street)

SAO PAULO SAO PAULO 05425-070

(City) (State) (Zip)

BRAZIL

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
GERDAU S.A. [ GGB ]

3a. Foreign Trading Symbol
[GGBR]

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Senior Management

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Preferred shares	38,276	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/12/2027	Preferred shares	3,570	$19.5	D
Restricted Stock Units	(2)	02/12/2028	Preferred shares	4,117	$18.32	D
Restricted Stock Units	(3)	02/12/2029	Preferred shares	4,038	$20.83	D

Explanation of Responses:

1. Restricted stock units vest on February 12, 2027. Exercise price denominated in Brazilian reais (R$).

2. Restricted stock units vest on February 12, 2028. Exercise price denominated in Brazilian reais (R$).

3. Restricted stock units vest on February 12, 2029. Exercise price denominated in Brazilian reais (R$).

	Clemir Uhlein	03/17/2026
	** 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 5 (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 3: SEC 1473 (03-26)