Gerdau executive sells 40,000 preferred ADRs
GERDAU S.A. senior manager Wang Chia Yuan sold 40,000 preferred share American Depositary Receipts on May 5, 2026 in an open-market sale at a weighted average price of $4.75 per ADR, with trades between $4.71 and $4.80.
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Form Type
4
Rhea-AI Filing Summary
GERDAU S.A. senior manager Wang Chia Yuan sold 40,000 preferred share American Depositary Receipts on May 5, 2026 in an open-market sale at a weighted average price of $4.75 per ADR, with trades between $4.71 and $4.80.
After the sale, he directly holds 32,195 preferred share ADRs and maintains several restricted stock unit awards over preferred shares, with exercise prices between $2.83 and $4.04 and vesting dates from 2027 to 2029.
Insider Trade Summary
Net Seller: 40,000 shares
Net Sell
1 txn
Insider
Wang Chia Yuan
Role
Insider
Sold
40,000 shs ($190K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Preferred shares | 40,000 | $4.75 | $190K |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | Preferred shares | -- | -- | -- |
Holdings After Transaction:
Preferred shares — 33,077 shares (Direct);
Restricted Stock Units — 439,530 contracts (Direct)
Footnotes (6)
- F1. American Depositary Receipts.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.71 to $4.80, inclusive.
- F3. Restricted stock units vest on March 1, 2027 (American Depositary Receipts).
- F4. Restricted stock units vest on July 31, 2027 (American Depositary Receipts).
- F5. Restricted stock units vest on March 1, 2028 (American Depositary Receipts).
- F6. Restricted stock units vest on March 1, 2029 (American Depositary Receipts).
Key Figures
Shares sold: 40,000 shares
Weighted average sale price: $4.75/share
Price range of sales: $4.71–$4.80/share
+5 more
8 metrics
Shares sold
40,000 shares
Preferred share ADRs sold in open-market transaction on May 5, 2026
Weighted average sale price
$4.75/share
Open-market sale, with trades from $4.71 to $4.80
Price range of sales
$4.71–$4.80/share
Multiple sale executions for the 40,000 preferred ADRs
Direct holdings after sale
32,195 shares
Preferred share ADRs directly held post-transaction
RSU underlying shares (2029 vesting)
75,639 shares at $4.04
Restricted stock units over preferred shares, vesting March 1, 2029
RSU underlying shares (2028 vesting)
102,580 shares at $2.83
Restricted stock units over preferred shares, vesting March 1, 2028
RSU underlying shares (July 2027 vesting)
184,494 shares at $3.57
Restricted stock units over preferred shares, vesting July 31, 2027
RSU underlying shares (March 2027 vesting)
76,817 shares at $3.58
Restricted stock units over preferred shares, vesting March 1, 2027
Key Terms
Restricted Stock Units, American Depositary Receipts, open-market sale
3 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and underlying preferred share awards"
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.
American Depositary Receipts financial
"Footnotes describe the securities as American Depositary Receipts."
A certificate traded on U.S. markets that represents ownership of shares in a foreign company, letting U.S. investors buy and sell that company as if it were listed domestically. Think of it as a local voucher for a foreign product: it makes price quotes in dollars, trades on familiar exchanges, and brings differences in liquidity, fees and legal protections that can affect returns and risk compared with buying the underlying foreign shares directly.
open-market sale financial
"transaction_action: "open-market sale" for the 40,000 preferred shares"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
At what price were the 40,000 GERDAU S.A. (GGB) preferred ADRs sold?
The 40,000 preferred ADRs were sold at a weighted average price of $4.75 per share. According to the filing, individual trade prices ranged from $4.71 to $4.80, indicating the shares were sold across multiple executions within that price band.
How many GERDAU S.A. (GGB) preferred ADRs does Wang Chia Yuan hold after the sale?
Following the 40,000-share sale, he directly holds 32,195 preferred share American Depositary Receipts. This figure reflects his remaining direct non-derivative position in the company’s preferred shares as reported in the Form 4 filing.
When do Wang Chia Yuan’s GERDAU S.A. (GGB) restricted stock units vest?
The restricted stock units are scheduled to vest on March 1, 2027, July 31, 2027, March 1, 2028 and March 1, 2029. These vesting dates apply to American Depositary Receipt-based RSU grants tied to the company’s preferred shares.
What type of insider transaction does this GERDAU S.A. (GGB) Form 4 report?
The Form 4 reports an open-market sale of preferred share American Depositary Receipts by senior manager Wang Chia Yuan. It also lists his remaining direct preferred share holdings and several outstanding restricted stock unit awards linked to preferred shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
