JBS CFO sells 183K shares, exits direct stake

Rhea-AI Filing Summary

JBS N.V. (JBS) reported that its Global CFO and IRO, Guilherme Perboyre Cavalcanti, sold 183,501 Class A Common Shares (held as Brazilian Depositary Receipts, each representing one share) on August 24, 2026 in open-market or private transactions. The weighted average price was R$71.35 per BDR, equivalent to about US$13.85 per share using the cited exchange rate, with individual trades ranging from R$71.00 to R$72.05 (US$13.78 to US$13.99). Following these sales, his directly held position in these shares is reported as 0 shares. As a foreign private issuer, JBS N.V. notes that these transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act.

Insider Trade Summary

Net Seller: 183,501 shares

Net Sell 1 txn

Insider Cavalcanti Guilherme Perboyre

Role Global CFO and IRO

Sold 183,501 shs ($2.54M)

Type	Security	Shares	Price	Value
Sale	Class A Common Shares F1, F2	183,501	$13.85	$2.54M

Holdings After Transaction: Class A Common Shares — 0 shares (Direct)

Footnotes (2)

1. F1. Class A Common Shares, par value (euro)0.01 per share, of the issuer, held in the form of Brazilian Depositary Receipts ("BDRs"). Each BDR represents one Class A Common Share.
2. F2. The price reported in Column 4 is a weighted average price per BDR of R$71.35, converted into U.S. dollars, using the selling rate as reported by the Brazilian Central Bank on August 24, 2026 of R$5.1512 to US$1.00. The BDRs were sold in multiple transactions at prices ranging from R$71.00 to R$72.05 (equivalent to US$13.78 to US$13.99, converted into U.S. dollars using the same selling rate). The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Key Figures

Shares sold: 183,501 Class A Common Shares Weighted average price per BDR: R$71.35 Weighted average price per share: US$13.85 +4 more

7 metrics

Shares sold 183,501 Class A Common Shares Non-derivative sale on August 24, 2026

Weighted average price per BDR R$71.35 Weighted average sale price per BDR on August 24, 2026

Weighted average price per share US$13.85 R$71.35 converted using R$5.1512 to US$1.00

Exchange rate R$5.1512 to US$1.00 Selling rate reported by the Brazilian Central Bank on August 24, 2026

Sale price range in BRL R$71.00 to R$72.05 Range of individual BDR transaction prices

Sale price range in USD US$13.78 to US$13.99 BRL prices converted using the stated exchange rate

Shares owned after transaction 0.0000 shares Directly held Class A Common Shares following the sale

Key Terms

Brazilian Depositary Receipts, foreign private issuer, weighted average price, selling rate

4 terms

Brazilian Depositary Receipts financial

"held in the form of Brazilian Depositary Receipts ("BDRs"). Each BDR represents"

Brazilian Depositary Receipts (BDRs) are certificates traded on Brazilian exchanges that represent ownership of shares in foreign companies, allowing local investors to buy and sell exposure to those overseas stocks without opening foreign brokerage accounts. They matter because they let investors diversify across global companies using local currency and trading hours, similar to buying a locally issued voucher for a foreign product, while still exposing portfolios to the performance and risks of the underlying foreign shares.

foreign private issuer regulatory

"Due to the issuer's status as a foreign private issuer pursuant to Rule"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

weighted average price financial

"The price reported in Column 4 is a weighted average price per BDR"

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

"using the selling rate as reported by the Brazilian Central Bank"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did JBS (JBS) disclose in this Form 4?

JBS N.V. disclosed that Global CFO and IRO Guilherme Perboyre Cavalcanti sold 183,501 Class A Common Shares, held as Brazilian Depositary Receipts, on August 24, 2026 in open-market or private transactions, and reported holding 0 shares directly afterward.

What was the sale price for the JBS (JBS) shares sold by the CFO?

The reported price is a weighted average of R$71.35 per BDR, converted to about US$13.85 per share. The BDRs were sold in multiple trades at prices between R$71.00 and R$72.05, equivalent to US$13.78 to US$13.99 using the same exchange rate.

How many JBS (JBS) shares does the reporting person hold after this transaction?

After selling 183,501 Class A Common Shares, the reporting person, Guilherme Perboyre Cavalcanti, reports 0.0000 shares of JBS N.V. Class A Common Shares held directly following the transaction.

In what form were the JBS (JBS) shares held and sold by the CFO?

The Class A Common Shares were held and sold in the form of Brazilian Depositary Receipts (BDRs). Each BDR represents one Class A Common Share of JBS N.V., with all prices initially stated in Brazilian reais and then converted into U.S. dollars.

Are the reported JBS (JBS) insider transactions subject to Section 16(b) and 16(c)?

The company states that, because JBS N.V. is a foreign private issuer under Rule 3a12-3(b), the reporting person’s transactions in its equity securities are exempt from Sections 16(b) and 16(c) of the Securities Exchange Act of 1934.

Was the JBS (JBS) insider sale made under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the transactions were made pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/25/2026 - 11:22 AM EDT Accepted by SEC EDGAR 08/25/2026 - 11:21 AM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cavalcanti Guilherme Perboyre

(Last) (First) (Middle)

C/O JBS N.V.

STROOMBAAN 16, 5TH FLOOR

(Street)

AMSTELVEEN 1181 VX

(City) (State) (Zip)

NETHERLANDS

(Country)

2. Issuer Name and Ticker or Trading Symbol
JBS N.V. [ JBS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Global CFO and IRO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Shares(1)	08/24/2026		S		183,501	D	$13.85(2)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Class A Common Shares, par value (euro)0.01 per share, of the issuer, held in the form of Brazilian Depositary Receipts ("BDRs"). Each BDR represents one Class A Common Share.

2. The price reported in Column 4 is a weighted average price per BDR of R$71.35, converted into U.S. dollars, using the selling rate as reported by the Brazilian Central Bank on August 24, 2026 of R$5.1512 to US$1.00. The BDRs were sold in multiple transactions at prices ranging from R$71.00 to R$72.05 (equivalent to US$13.78 to US$13.99, converted into U.S. dollars using the same selling rate). The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Remarks:

Due to the issuer's status as a foreign private issuer pursuant to Rule 3a12-3(b) under the Securities Exchange Act of 1934 (the "Act"), the reporting person's transactions in the issuer's equity securities are exempt from Sections 16(b) and 16(c) of the Act.

	/s/ Guilherme Perboyre Cavalcanti	08/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)