Gerdau EVP sells 12,419 preferred shares
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Form Type
4
Rhea-AI Filing Summary
Gerdau S.A. Executive Vice President Marcos Eduardo Faraco reported an open-market sale of 12,419 preferred shares on April 9, 2026 at a weighted average price of $4.06 per share, leaving him with no directly held preferred shares after the transaction.
According to the footnotes, the sale price is based on a Brazilian real quotation translated using an April 9, 2026 selling rate of R$5.0821 per US$1.00, and the shares were sold in multiple trades between $4.05 and $4.06. He continues to hold several Restricted Stock Unit awards over preferred shares, including grants with exercise prices between $3.60 and $4.10 and expiration dates from 2027 to 2029.
Insider Trade Summary
Net Seller: 12,419 shares
Net Sell
6 txns
Insider
Wahrhaftig Marcos Eduardo Faraco
Role
Insider
Sold
12,419 shs ($50K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Preferred shares | 12,419 | $4.06 | $50K |
| 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 — 0 shares (Direct);
Restricted Stock Units — 322,197 contracts (Direct)
Footnotes (2)
- F1. 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.
- F2. The price reported in Column 4 is a weighted average price. There shares were sold in multiple transactions at prices ranging from $4.05 to $4.06, inclusive.
Key Figures
Shares sold: 12,419 preferred shares
Weighted average sale price: $4.06 per share
Sale price range: $4.05–$4.06 per share
+3 more
6 metrics
Shares sold
12,419 preferred shares
Open-market sale on April 9, 2026
Weighted average sale price
$4.06 per share
Preferred share sale on April 9, 2026
Sale price range
$4.05–$4.06 per share
Multiple sale transactions, weighted average basis
FX selling rate
R$5.0821 per US$1.00
Conversion rate used for April 9, 2026 transaction pricing
RSU exercise price
$3.73 per share
Restricted Stock Units expiring September 1, 2027
Underlying RSU shares
229,331 preferred shares
Largest single RSU award expiring September 1, 2027
Key Terms
Restricted Stock Units, weighted average price, preferred shares, selling rate, +1 more
5 terms
Restricted Stock Units financial
"He continues to hold several Restricted Stock Unit awards over 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.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
selling rate financial
"translated into U.S. dollars at the April 9, 2026 selling rate of R$5.0821 per US$1.00"
Central Bank of Brazil financial
"as reported by the Central Bank of Brazil"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Gerdau (GGB) report for Marcos Eduardo Faraco?
Gerdau reported that Executive Vice President Marcos Eduardo Faraco sold 12,419 preferred shares in an open-market transaction at a weighted average price of $4.06 per share, and he no longer holds any preferred shares directly after this sale.
How was the Gerdau (GGB) insider sale price translated from Brazilian reais?
The reported dollar price reflects a conversion from Brazilian reais using the April 9, 2026 selling rate of R$5.0821 per US$1.00, as reported by the Central Bank of Brazil, providing a consistent exchange-rate basis for the transaction.
Does the Gerdau (GGB) executive still have exposure through Restricted Stock Units?
Yes. After selling his directly held preferred shares, Marcos Eduardo Faraco continues to hold several Restricted Stock Unit awards over preferred shares, with exercise prices between $3.60 and $4.10 and expiration dates ranging from 2027 to 2029, maintaining ongoing equity exposure.
What is the largest single RSU position reported for the Gerdau (GGB) executive?
One disclosed Restricted Stock Unit award covers 229,331 underlying preferred shares at an exercise price of $3.73, with an expiration date of September 1, 2027, illustrating a substantial retained position linked to the company’s preferred equity.
What type of Form 4 transaction code was used in the Gerdau (GGB) filing?
The sale of 12,419 preferred shares was reported with transaction code “S,” which corresponds to a sale in an open-market or private transaction, confirming that it was a standard disposition rather than an option exercise, gift, or tax-related withholding.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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