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  4. [Form 4] BrasilAgro - Brazilian Agricultural Real Estate Co Insider Trading Activity

BrasilAgro (LND) director adds 29,000 ADRs in open-market purchases

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

BrasilAgro - Brazilian Agricultural Real Estate Co director Alejandro Gustavo Elsztain made open-market purchases of the company’s American Depositary Receipts. He bought 14,500 ADRs on June 25 at $3.5159 per ADR and another 14,500 ADRs on June 26 at $3.5805 per ADR, for a total of 29,000 ADRs acquired across the two days. Following these transactions, his direct ownership increased to 641,370 ADRs, signaling a larger personal stake in the company.

Positive

  • None.

Negative

  • None.
Insider Elsztain Alejandro Gustavo
Role Director
Bought 29,000 shs ($103K)
Type Security Shares Price Value
Purchase American Depositary Receipts (ADR) 14,500 $3.5805 $52K
Purchase American Depositary Receipts (ADR) 14,500 $3.5159 $51K
Holdings After Transaction: American Depositary Receipts (ADR) — 641,370 shares (Direct)
First purchase size 14,500 ADRs Open-market buy at $3.5159 per ADR
First purchase price $3.5159 per ADR Non-derivative open-market transaction
Second purchase size 14,500 ADRs Open-market buy at $3.5805 per ADR
Second purchase price $3.5805 per ADR Non-derivative open-market transaction
Total shares bought 29,000 ADRs Two open-market purchases combined
Post-transaction holdings 641,370 ADRs Direct ownership after latest transaction
American Depositary Receipts (ADR) financial
"He bought 14,500 ADRs on June 25 at $3.5159 per ADR"
open-market purchase financial
"These were classified as open-market purchases of ADRs"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
non-derivative securities financial
"The transactions were classified as open-market purchases of non-derivative securities"

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FAQ

What insider transactions did BrasilAgro (LND) report for Alejandro Gustavo Elsztain?
BrasilAgro reported that director Alejandro Gustavo Elsztain bought 29,000 American Depositary Receipts in open-market transactions. The purchases occurred over two days and increased his direct ownership position in the company’s ADRs.

How many BrasilAgro (LND) ADRs did the director buy and at what prices?
The director purchased 14,500 ADRs at $3.5159 per ADR and another 14,500 ADRs at $3.5805 per ADR. These open-market transactions totaled 29,000 ADRs acquired over two consecutive trading days.

What is Alejandro Gustavo Elsztain’s BrasilAgro (LND) ADR holding after the purchases?
After the reported transactions, Alejandro Gustavo Elsztain directly holds 641,370 BrasilAgro American Depositary Receipts. This figure reflects his updated position following the two open-market purchases disclosed in the Form 4 filing.

Were the BrasilAgro (LND) insider transactions open-market purchases or another type?
The transactions were classified as open-market purchases of non-derivative securities. Each trade is coded as a “P” transaction, indicating purchases of ADRs in the open market or comparable private transactions rather than option exercises or derivative activity.

Did the BrasilAgro (LND) Form 4 include any sales or derivative exercises?
The Form 4 shows only open-market purchases of ADRs, with no reported sales or derivative exercises. Transaction summaries indicate net buying activity, with 29,000 ADRs acquired and no dispositions or derivative transactions disclosed.
SEC Form 4
FORM 4UNITED 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*
Elsztain Alejandro Gustavo
(Last)(First)(Middle)
CARLOS DELLA PAOLERA 261, 9TH FLOOR
(Street)
BUENOS AIRESC1001ADA
(City)(State)(Zip)
ARGENTINA
(Country)		2. Issuer Name and Ticker or Trading Symbol
BrasilAgro - Brazilian Agricultural Real Estate Co [ LND ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
[AGRO3]
3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
American Depositary Receipts (ADR)06/25/2026P14,500A$3.5159626,870D
American Depositary Receipts (ADR)06/26/2026P14,500A$3.5805641,370D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
Amalia Cristina Sternheim as Attorney-in-Fact for Alejandro Gustavo Elsztain06/29/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR