GERDAU S.A. (NYSE: GGB) CFO sells 5,000 preferred shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GERDAU S.A. executive Japur Rafael Dorneles, the VP, CFO and investor relations officer, reported an open-market sale of 5,000 preferred shares at $4.75 per share on May 22, 2026. After the sale, he directly holds 96,967 preferred shares plus several restricted stock unit awards tied to preferred shares with exercise prices between $3.65 and $4.15 and expirations from 2027 to 2029.
Positive
- None.
Negative
- None.
Insights
CFO reports a modest open-market share sale while retaining a sizable equity position.
The VP, CFO and IR officer of GERDAU S.A. sold 5,000 preferred shares at $4.75 on May 22, 2026, a discretionary open-market transaction. Following the sale, his direct holdings stand at 96,967 preferred shares, indicating continued meaningful exposure.
He also retains multiple restricted stock unit grants over preferred shares, with exercise prices from $3.65 to $4.15 and expirations between 2027 and 2029. These unexercised awards keep his long-term incentives aligned with shareholder outcomes, while the single reported sale appears incremental rather than transformational.
Insider Trade Summary
Net Seller: 5,000 shares ($23,750)
Net Sell
7 txns
Insider
Japur Rafael Dorneles
Role
null
Sold
5,000 shs ($24K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Preferred shares | 5,000 | $4.75 | $24K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Preferred shares — 96,967 shares (Direct, null);
Restricted Stock Units — 8,923 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 5,000 preferred shares
Sale price: $4.75 per share
Shares held after sale: 96,967 preferred shares
+5 more
8 metrics
Shares sold
5,000 preferred shares
Open-market sale on May 22, 2026
Sale price
$4.75 per share
Preferred shares sale on May 22, 2026
Shares held after sale
96,967 preferred shares
Direct holdings following transaction
RSU exercise price
$4.15
Restricted stock units expiring February 12 and 25, 2029
RSU exercise price
$3.65
Restricted stock units expiring February 12, 2028
RSU exercise price
$3.80
Restricted stock units expiring August 1, 2027
RSU exercise price
$3.89
Restricted stock units expiring February 12 and 22, 2027
FX rate used
R$5.0140 per US$1.00
Translation rate on May 22, 2026
Key Terms
Restricted Stock Units, open-market sale, preferred shares, exercise price, +2 more
6 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.
exercise price financial
"conversion_or_exercise_price": "4.1500""
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.
expiration date financial
"expiration_date": "2029-02-25T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
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.
FAQ
What did GERDAU S.A. (GGB) CFO Japur Rafael Dorneles report in this Form 4?
He reported selling 5,000 preferred shares of GERDAU S.A. at $4.75 per share on May 22, 2026. After this open-market sale, he continues to hold 96,967 preferred shares directly, plus several restricted stock unit awards over preferred shares.
What type of insider transaction did GERDAU S.A. (GGB) disclose for its CFO?
The filing shows an open-market sale of 5,000 preferred shares by the CFO at $4.75 per share. It is categorized as a non-derivative transaction with the code “S,” indicating a sale executed in the market or a private transaction.
Does the Form 4 for GERDAU S.A. (GGB) CFO show any option exercises?
No exercises are reported; the filing lists only one open-market sale of 5,000 preferred shares. The remaining entries relate to existing restricted stock unit positions, which outline exercise prices and expiration dates but do not record exercise transactions in this disclosure.
In what currency is the GERDAU S.A. (GGB) transaction price presented for this Form 4?
The share sale price is shown in U.S. dollars, with a footnote explaining that the original price was denominated in Brazilian reais and translated using the May 22, 2026 exchange rate of R$5.0140 per US$1.00 from the Central Bank of Brazil.