BrasilAgro (LND) director adds 4,000 shares at $3.84 in insider trade

Rhea-AI Filing Summary

BrasilAgro - Brazilian Agricultural Real Estate Co director Gustavo Javier Lopez reported acquiring 4,000 AGRO3 shares on 2026-07-20 at $3.84 per share in a non-derivative transaction. After this trade, he directly owns 78,266 shares. The transaction was not made under a Rule 10b5-1 plan.

Insider Trade Summary

Net Buyer: 4,000 shares

Net Buy 1 txn

Insider Lopez Gustavo Javier

Role Director

Sold 4,000 shs ($15K)

Type	Security	Shares	Price	Value
Sale	AGRO3	4,000	$3.84	$15K

Holdings After Transaction: AGRO3 — 78,266 shares (Direct)

Key Figures

Shares acquired: 4,000 shares Price per share: $3.84 Holdings after transaction: 78,266 shares

3 metrics

Shares acquired 4,000 shares Non-derivative AGRO3 transaction on 2026-07-20

Price per share $3.84 Per-share price for the 4,000-share AGRO3 acquisition

Holdings after transaction 78,266 shares Directly owned BrasilAgro shares by Gustavo Javier Lopez after the trade

Key Terms

non-derivative, direct ownership, open market or private transaction

3 terms

non-derivative financial

"The transaction is classified as a non-derivative security transaction."

direct ownership financial

"The filing classifies the post-transaction holdings as direct ownership."

open market or private transaction financial

"Code S is described as a sale in open market or private transaction."

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/20/2026 - 05:13 PM Accepted by SEC EDGAR 07/20/2026 - 05:13 PM Learn about SEC filing dates

FAQ

What insider transaction did BrasilAgro (LND) report in this Form 4?

BrasilAgro reported that director Gustavo Javier Lopez acquired 4,000 AGRO3 shares on 2026-07-20 at $3.84 per share. The filing classifies the move as a non-derivative transaction and updates his directly held stake in the company.

How many BrasilAgro (LND) shares does Gustavo Javier Lopez hold after the transaction?

Following the reported trade, Gustavo Javier Lopez directly holds 78,266 shares of BrasilAgro. This figure reflects his position after acquiring 4,000 AGRO3 shares in the non-derivative transaction disclosed for the 2026-07-20 trade date.

At what price were the BrasilAgro (LND) shares traded in this insider transaction?

The reported transaction shows a per-share price of $3.84 for the 4,000 AGRO3 shares acquired. This price applies to the non-derivative transaction executed on 2026-07-20 and is recorded as a standard per-share amount.

Was the BrasilAgro (LND) insider trade made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the transaction was not made under a Rule 10b5-1 trading plan, as the related checkbox is left unchecked. This suggests the trade was not executed pursuant to a pre-arranged trading program.

What type of security was involved in the BrasilAgro (LND) Form 4 transaction?

The filing identifies the security as AGRO3 in a non-derivative transaction. This means the director traded the underlying shares themselves, rather than options or other derivative instruments linked to BrasilAgro equity.

Is Gustavo Javier Lopez a director or officer of BrasilAgro (LND)?

The Form 4 lists Gustavo Javier Lopez as a director of BrasilAgro and not as an officer. His reported holdings of 78,266 shares are classified as direct ownership following the 4,000-share acquisition.

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^*

Lopez Gustavo Javier

(Last) (First) (Middle)

AVENIDA REBOUCAS

(Street)

SAO PAULO SAO PAULO 05402500

(City) (State) (Zip)

BRAZIL

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol
[AGRO3]

3. Date of Earliest Transaction (Month/Day/Year)
07/20/2026

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
AGRO3	07/20/2026	07/20/2026	S		4,000	A	$3.84	78,266	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:

	Gustavo Lopez	07/20/2026
	** 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)