Gerdau S.A. (GGB) executive details RSU and preferred share holdings

Rhea-AI Filing Summary

GERDAU S.A. senior manager Rodrigo Belloc filed an initial Form 3 reporting existing equity holdings in the company. The filing lists several tranches of restricted stock units tied to preferred shares, plus directly held preferred shares, but does not show any new buy or sell transactions.

He reports restricted stock units convertible into 28,474 preferred shares at $3.58 vesting on March 1, 2027, 125,984 at $3.57 vesting on July 31, 2027, 36,055 at $2.83 vesting on March 1, 2028, and 25,256 at $4.04 vesting on March 1, 2029. He also directly holds 12,541 preferred shares as of this filing.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Soares Rodrigo Belloc

Role Insider

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

Holdings After Transaction: Restricted Stock Units — 28,474 shares (Direct); Preferred shares — 12,541 shares (Direct)

Footnotes (1)

1. Restricted stock units vest on March 1, 2027 (American Depositary Receipts). Restricted stock units vest on July 31, 2027 (American Depositary Receipts). Restricted stock units vest on March 1, 2028 (American Depositary Receipts). Restricted stock units vest on March 1, 2029 (American Depositary Receipts).

Understanding Insider Trading Forms →

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

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1. Name and Address of Reporting Person^*

Soares Rodrigo Belloc

(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	12,541	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)	03/01/2027	Preferred shares	28,474	$3.58	D
Restricted Stock Units	(2)	07/31/2027	Preferred shares	125,984	$3.57	D
Restricted Stock Units	(3)	03/01/2028	Preferred shares	36,055	$2.83	D
Restricted Stock Units	(4)	03/01/2029	Preferred shares	25,256	$4.04	D

Explanation of Responses:

1. Restricted stock units vest on March 1, 2027 (American Depositary Receipts).

2. Restricted stock units vest on July 31, 2027 (American Depositary Receipts).

3. Restricted stock units vest on March 1, 2028 (American Depositary Receipts).

4. Restricted stock units vest on March 1, 2029 (American Depositary Receipts).

	Belloc Rodrigo Soares	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)

FAQ

What does the GERDAU S.A. (GGB) Form 3 filing by Rodrigo Belloc report?

The Form 3 reports Rodrigo Belloc’s existing equity holdings in GERDAU S.A. It lists his restricted stock units tied to preferred shares and his directly held preferred shares, but does not disclose any new purchases, sales, or option exercises in this filing.

How many restricted stock units does Rodrigo Belloc report in Gerdau (GGB)?

Rodrigo Belloc reports four tranches of restricted stock units. They are linked to 28,474, 125,984, 36,055, and 25,256 underlying preferred shares, each with its own exercise price and vesting date, providing a detailed picture of his long-term equity incentives.

What are the vesting dates of the restricted stock units reported in the GGB Form 3?

The restricted stock units vest between 2027 and 2029. Tranches vest on March 1, 2027, July 31, 2027, March 1, 2028, and March 1, 2029, aligning Belloc’s incentives with Gerdau’s multi‑year performance and retention objectives over this period.

Did the Gerdau (GGB) Form 3 show any insider buying or selling activity?

No, the Form 3 does not show insider buying or selling. All entries are classified as holdings with unknown transaction codes, indicating this filing serves as an initial ownership statement rather than a record of new market trades or option exercises.

What direct share ownership does Rodrigo Belloc report in GERDAU S.A. (GGB)?

Belloc reports direct ownership of 12,541 preferred shares. These are separate from his restricted stock units and represent currently held equity in Gerdau, complementing his longer-dated RSU awards tied to future vesting and potential share delivery.