Gerdau EVP sells 51,800 preferred shares at $5.09
An executive vice president of GGB sold preferred shares while retaining a sizable direct and RSU-based position.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
GERDAU S.A. (GGB) reports that Executive Vice President Rafael Gamboa Lopes sold 51,800 preferred shares on September 17, 2026 at $5.09 per share, leaving him with 83,399 preferred shares held directly. He also holds several tranches of restricted stock units linked to preferred shares with exercise prices translated from Brazilian reais.
Insider Trade Summary
Net Seller: 51,800 shares
Net Sell
1 txn
Insider
Lopes Rafael Gamboa
Role
Insider
Sold
51,800 shs ($264K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Preferred shares F1 | 51,800 | $5.09 | $264K |
| Holding | Restricted Stock Units F1 | -- | -- | -- |
| Holding | Restricted Stock Units F1 | -- | -- | -- |
| Holding | Restricted Stock Units F1 | -- | -- | -- |
| Holding | Restricted Stock Units F1 | -- | -- | -- |
| Holding | Restricted Stock Units F1 | -- | -- | -- |
| Holding | Restricted Stock Units F1 | -- | -- | -- |
Holdings After Transaction:
Preferred shares — 83,399 shares (Direct);
Restricted Stock Units — 80,782 units (Direct)
Footnotes (1)
- F1. The price is denominated in Brazilian reais and has been translated into U.S. dollars at the September 17, 2026 selling rate of R$5.1521 per US$1.00, as reported by the Central Bank of Brazil.
Key Figures
Shares sold: 51,800 preferred shares
Sale price per share: $5.09 per preferred share
Shares held after transaction: 83,399 preferred shares
+4 more
7 metrics
Shares sold
51,800 preferred shares
Sale by Executive Vice President on September 17, 2026
Sale price per share
$5.09 per preferred share
September 17, 2026 insider sale; price translated from Brazilian reais
Shares held after transaction
83,399 preferred shares
Direct holdings of Rafael Gamboa Lopes following the September 17, 2026 sale
Exchange rate used
R$5.1521 per US$1.00
Rate applied to translate transaction and RSU prices on September 17, 2026
RSU exercise price (2027-02-12 and 2027-02-22)
$3.78 per underlying preferred share
Restricted stock units with 3,570 and 25,646 underlying shares
RSU underlying shares (2028-02-21)
34,356 underlying preferred shares
Restricted stock units expiring February 21, 2028 at $3.56 exercise price
RSU exercise price (2029-02-12)
$4.04 per underlying preferred share
Restricted stock units with 6,683 underlying preferred shares expiring February 12, 2029
Key Terms
Restricted Stock Units, Preferred shares, exercise price, Central Bank of Brazil
4 terms
Restricted Stock Units financial
"The insider holds several tranches of Restricted Stock Units linked to preferred shares"
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.
exercise price financial
"restricted stock units linked to preferred shares with exercise prices translated from Brazilian reais"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Central Bank of Brazil financial
"reported by the Central Bank of Brazil"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GGB report for Executive Vice President Rafael Gamboa Lopes?
GERDAU S.A. reported that Rafael Gamboa Lopes sold 51,800 preferred shares on September 17, 2026, at $5.09 per share, and now directly holds 83,399 preferred shares.
Does the GGB Form 4 mention a Rule 10b5-1 trading plan for this sale?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed and provides no footnote stating that the September 17, 2026 sale was made under a Rule 10b5-1 trading plan.
In what currency were GGB insider transaction prices originally denominated?
The filing states that prices were originally denominated in Brazilian reais and translated into U.S. dollars using the September 17, 2026 selling rate of R$5.1521 per US$1.00, as reported by the Central Bank of Brazil.
AI-generated analysis. How Rhea-AI works. Not financial advice.
