Petrobras (NYSE: PBR) CCO reports spouse-held PETR4 share trades

Filing Impact

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Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

PETROBRAS - PETROLEO BRASILEIRO SA Chief Commercial Officer Laureano Angelica Garcia Cobas reported small, mixed insider trades in PETR4 shares held by a spouse. On April 2, 2026, the spouse made an open-market purchase of 1,000 PETR4 shares at a convenience-converted price of $9.49 per share, based on a 48.24 BRL price and an exchange rate of 5.1649 BRL per $1.00. On April 1, 2026, the spouse executed an open-market sale of 19 PETR4 shares at a convenience-converted price of $9.09 per share, reflecting a weighted average price of 46.89 BRL and an exchange rate of 5.1600 BRL per $1.00. Following these transactions and an adjustment for seven PETR4 shares that had been inadvertently overreported on a prior Form 3, the spouse’s indirect holdings attributed to Cobas totaled 3,659 PETR4 shares.

Insider Trade Summary

Net Buyer: 981 shares ($9,490)

Net Buy 2 txns

Insider Laureano Angelica Garcia Cobas

Role Chief Commercial Officer

Bought 1,000 shs ($9K)

Sold 19 shs ($172.71)

Type	Security	Shares	Price	Value
Purchase	PETR4	1,000	$9.49	$9K
Sale	PETR4	19	$9.09	$172.71

Holdings After Transaction: PETR4 — 3,659 shares (Indirect, By spouse)

Footnotes (1)

The price reported in column 4 is a convenience conversion of the (weighted average) price of 46.89 BRL per share into U.S. dollars based on the Central Bank of Brazil exchange rate of 5.1600 BRL per 1.00 USD on April 1nd, 2026. The price reported in column 4 is a convenience conversion of the purchase price of 48.24 BRL per share into U.S. dollars based on the Central Bank of Brazil exchange rate of 5.1649 BRL per 1.00 USD on April 2nd, 2026. The number of PETR4 shares held by the Reporting Person's spouse has been adjusted for seven PETR4 shares inadvertently overreported on the Form 3 filed with the Securities and Exchange Commission on March 12, 2026.

Key Figures

PETR4 shares purchased: 1,000 shares Purchase price per share: $9.49 per share PETR4 shares sold: 19 shares +4 more

7 metrics

PETR4 shares purchased 1,000 shares Open-market purchase on April 2, 2026, indirect via spouse

Purchase price per share $9.49 per share Convenience conversion from 48.24 BRL at 5.1649 BRL/$1.00

PETR4 shares sold 19 shares Open-market sale on April 1, 2026, indirect via spouse

Sale price per share $9.09 per share Convenience conversion from 46.89 BRL at 5.1600 BRL/$1.00

Net share change 981 shares Net of 1,000 PETR4 bought and 19 sold, per summary

Shares held after transactions 3,659 shares Indirect PETR4 holdings by spouse after trades and correction

Overreported PETR4 shares corrected 7 shares Adjustment to spouse’s holdings from prior Form 3

Key Terms

open-market purchase, open-market sale, indirect ownership, convenience conversion, +1 more

5 terms

open-market purchase financial

"the spouse made an open-market purchase of 1,000 PETR4 shares"

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.

open-market sale financial

"the spouse executed an open-market sale of 19 PETR4 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.

indirect ownership financial

"the spouse’s indirect holdings attributed to Cobas totaled 3,659 PETR4 shares"

convenience conversion financial

"The price reported in column 4 is a convenience conversion of the purchase price"

weighted average financial

"a convenience conversion of the (weighted average) price of 46.89 BRL per share"

A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.

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Form 4 Insider Transactions: What Each Field Means →

04/14/2026 - 02:39 PM

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^*

Laureano Angelica Garcia Cobas

(Last)

(First)

(Middle)

HENRIQUE VALADARES AVE, 28

19TH FLOOR, A TOWER

(Street)

RIO DE JANEIRO

20231-030

(City)

(State)

(Zip)

BRAZIL

(Country)

2. Issuer Name and Ticker or Trading Symbol
PETROBRAS - PETROLEO BRASILEIRO SA [ PBR ]

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

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

2a. Foreign Trading Symbol
[PETR4]

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
PETR4	04/01/2026		S		19	D	$9.09⁽¹⁾	2,659⁽³⁾	I	By spouse
PETR4	04/02/2026		P		1,000	A	$9.49⁽²⁾	3,659	I	By spouse

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in column 4 is a convenience conversion of the (weighted average) price of 46.89 BRL per share into U.S. dollars based on the Central Bank of Brazil exchange rate of 5.1600 BRL per 1.00 USD on April 1nd, 2026.

2. The price reported in column 4 is a convenience conversion of the purchase price of 48.24 BRL per share into U.S. dollars based on the Central Bank of Brazil exchange rate of 5.1649 BRL per 1.00 USD on April 2nd, 2026.

3. The number of PETR4 shares held by the Reporting Person's spouse has been adjusted for seven PETR4 shares inadvertently overreported on the Form 3 filed with the Securities and Exchange Commission on March 12, 2026.

	/s/ Angelica Garcia Cobas Laureano	04/14/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider trades did Petrobras (PBR) report for Laureano Angelica Garcia Cobas?

Cobas reported spouse-held PETR4 trades: an open-market purchase of 1,000 shares on April 2, 2026, and an open-market sale of 19 shares on April 1, 2026. These transactions are reported as indirect ownership through the spouse.

What prices were paid and received in the recent PETR4 insider transactions at Petrobras (PBR)?

The 1,000-share PETR4 purchase used a convenience-converted price of $9.49 per share, based on 48.24 BRL and a 5.1649 BRL/$1.00 rate. The 19-share sale used $9.09 per share, from 46.89 BRL and a 5.1600 BRL/$1.00 rate.

How many Petrobras (PBR) PETR4 shares does the spouse of Laureano Cobas hold after these trades?

After the reported trades and a correction for seven previously overreported shares, the spouse’s indirect holdings attributed to Cobas total 3,659 PETR4 shares. This reflects the net effect of the 1,000-share purchase and 19-share sale reported.

Were any historical Petrobras (PBR) PETR4 holdings corrected in this Form 4 filing?

Yes. The filing notes that the number of PETR4 shares held by Cobas’s spouse was adjusted for seven shares that had been inadvertently overreported on a Form 3 filed on March 12, 2026, aligning the current holdings figure with corrected data.

Are the reported Petrobras (PBR) PETR4 insider trades direct or indirect holdings?

All reported PETR4 trades are indirect. The Form 4 identifies the ownership type as indirect, with the nature of ownership described as “By spouse.” The transactions therefore relate to shares held in the spouse’s account but attributed to Cobas.