Gerdau (NYSE: GGB) CEO sells 88,000 preferred shares at $4.50
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GERDAU S.A. CEO and Board Member Gustavo Werneck reported an open-market sale of 88,000 preferred shares on April 28, 2026 at $4.50 per share. After this sale, he holds 80 preferred shares directly.
He also holds several blocks of Restricted Stock Units over preferred shares, including 86,598 underlying shares at a $4.10 exercise price expiring on February 12, 2029, plus additional RSU awards with exercise prices between $3.60 and $3.84 expiring in 2027–2028. Footnotes note that prices are denominated in Brazilian reais and translated into U.S. dollars using selling rates from the Central Bank of Brazil.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 88,000 shares ($396,000)
Net Sell
5 txns
Insider
Da Cunha Gustavo Werneck
Role
CEO and Board Member
Sold
88,000 shs ($396K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Preferred shares | 88,000 | $4.50 | $396K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Preferred shares — 80 shares (Direct, null);
Restricted Stock Units — 86,455 shares (Direct, null)
Footnotes (1)
- The price is denominated in Brazilian reais and has been translated into U.S. dollars at the April 28, 2026 selling rate of R$4.9878 per US$1.00, as reported by the Central Bank of Brazil. The price is denominated in Brazilian reais and has been translated into U.S. dollars at the April 9, 2026 selling rate of R$5.0821 per US$1.00, as reported by the Central Bank of Brazil.
Key Figures
Shares sold: 88,000 preferred shares
Sale price: $4.50 per share
Direct shares remaining: 80 preferred shares
+5 more
8 metrics
Shares sold
88,000 preferred shares
Open-market sale on April 28, 2026
Sale price
$4.50 per share
Preferred share sale by CEO
Direct shares remaining
80 preferred shares
Held after the April 28, 2026 sale
RSU block 1
86,598 underlying preferred shares at $4.10
RSUs expiring February 12, 2029
RSU block 2
92,024 underlying preferred shares at $3.60
RSUs expiring February 12, 2028
RSU block 3
152,887 underlying preferred shares at $3.73
RSUs expiring September 1, 2027
RSU block 4
86,455 underlying preferred shares at $3.84
RSUs expiring February 12, 2027
FX rate example
R$4.9878 per US$1.00
Brazilian real to USD rate used for translation
Key Terms
Restricted Stock Units, open-market sale, Preferred shares, Central Bank of Brazil
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
Central Bank of Brazil financial
"as reported by the Central Bank of Brazil."
FAQ
What insider transaction did Gerdau (GGB) report for Gustavo Werneck?
Gerdau reported that CEO and Board Member Gustavo Werneck executed an open-market sale of 88,000 preferred shares at $4.50 per share. Following this transaction, he directly holds 80 preferred shares while retaining multiple RSU awards over additional preferred shares.
What are Gustavo Werneck’s remaining direct holdings in Gerdau (GGB)?
After the reported sale, Gustavo Werneck directly holds 80 preferred shares of Gerdau. In addition to these remaining shares, he holds several blocks of Restricted Stock Units linked to preferred shares that may be settled in the future under specified exercise prices and expiration dates.
What Restricted Stock Units linked to Gerdau (GGB) does the CEO hold?
The filing lists multiple RSU positions over Gerdau preferred shares, including 86,598 underlying shares at a $4.10 exercise price expiring February 12, 2029. Additional RSUs cover 92,024, 152,887, and 86,455 underlying preferred shares with exercise prices between $3.60 and $3.84, expiring in 2027–2028.
How are the Gerdau (GGB) transaction prices in the Form 4 determined?
Prices in the Form 4 are denominated in Brazilian reais and then translated into U.S. dollars. The translation uses selling exchange rates published by the Central Bank of Brazil, including R$4.9878 and R$5.0821 per US$1.00 on specific April 2026 dates referenced in the footnotes.