Gerdau CEO sells 100K preferred shares
Accepted by SEC EDGAR
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Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
GERDAU S.A. CEO and board member Gustavo Werneck reported selling a total of 100,000 preferred shares of Gerdau over two days in open-market transactions. He sold 50,000 shares on April 8, 2026 at about $4.01 per share and another 50,000 shares on April 9, 2026 at about $4.16 per share. Following these sales, he directly holds 88,080 preferred shares. He also holds several blocks of restricted stock units linked to preferred shares, covering 86,455, 152,887, 92,024 and 86,598 underlying shares with exercise dates between February 2027 and February 2029.
Insider Trade Summary
Net Seller: 100,000 shares
Net Sell
2 txns
Insider
Da Cunha Gustavo Werneck
Role
CEO and Board Member
Sold
100,000 shs ($409K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Preferred shares | 50,000 | $4.16 | $208K |
| Sale | Preferred shares | 50,000 | $4.01 | $201K |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Preferred shares — 88,080 shares (Direct);
Restricted Stock Units — 417,964 contracts (Direct)
Footnotes (2)
- F1. The price is denominated in Brazilian reais and has been translated into U.S. dollars at the April 8, 2026 selling rate of R$5.0899 per US$1.00, as reported by the Central Bank of Brazil.
- F2. 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 April 8, 2026: 50,000 shares at ~$4.01
Shares sold April 9, 2026: 50,000 shares at ~$4.16
Total shares sold: 100,000 preferred shares
+5 more
8 metrics
Shares sold April 8, 2026
50,000 shares at ~$4.01
Open-market sale of preferred shares
Shares sold April 9, 2026
50,000 shares at ~$4.16
Open-market sale of preferred shares
Total shares sold
100,000 preferred shares
Net-sell over two days
Direct holdings after sale
88,080 preferred shares
Post-transaction ownership
RSU block 1 underlying shares
86,455 shares at $3.84
RSUs, exercise/expiration on Feb 12, 2027
RSU block 2 underlying shares
152,887 shares at $3.73
RSUs, exercise/expiration on Sep 1, 2027
RSU block 3 underlying shares
92,024 shares at $3.60
RSUs, exercise/expiration on Feb 12, 2028
RSU block 4 underlying shares
86,598 shares at $4.10
RSUs, exercise/expiration on Feb 12, 2029
Key Terms
Preferred shares, open-market sale, Restricted Stock Units, exercise price, +1 more
5 terms
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.
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.
exercise price financial
"conversion_or_exercise_price: "3.8400""
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: "2029-02-12T00:00:00.000Z""
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GERDAU (GGB) report for CEO Gustavo Werneck?
Gerdau reported that CEO Gustavo Werneck sold 100,000 preferred shares in the open market. He executed two 50,000-share sales on April 8 and April 9, 2026, at prices around $4.01 and $4.16 per share, respectively, and continues to hold remaining shares and restricted stock units.
What restricted stock units does the GGB CEO still have outstanding?
The CEO holds several restricted stock unit awards tied to Gerdau preferred shares. These cover 86,455, 152,887, 92,024 and 86,598 underlying preferred shares, with exercise prices between $3.60 and $4.10 and exercise and expiration dates from February 2027 through February 2029.
Does the Form 4 for GGB show any option exercises or only sales and holdings?
The Form 4 shows open-market sales of preferred shares and updated holdings of restricted stock units. It does not report any option or RSU exercises during this period; instead, it lists remaining RSU positions with their exercise prices and future exercise and expiration dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
