Sabesp (NYSE: SBS) CFO Daniel Szlak sells 7,381 shares in June trades
Rhea-AI Filing Summary
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP Chief Financial Officer Daniel Szlak reported selling a total of 7,381 common shares on June 15, 2026 in open-market transactions. The shares were sold at prices of about $5.58 and $5.59 per share, based on amounts converted from Brazilian reais.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,381 shares
Net Sell
2 txns
Insider
Szlak Daniel
Role
Chief Financial Officer
Sold
7,381 shs ($41K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 7,300 | $5.59 | $41K |
| Sale | Common Shares | 81 | $5.58 | $451.98 |
Holdings After Transaction:
Common Shares — 0 shares (Direct)
Footnotes (2)
- F1. Equivalent to R$28.30 per share. Amounts presented were converted into U.S. dollars at the exchange rate of R$5.0611 per U.S.$1.00 as reported by Brazilian Central Bank on June 15, 2026.
- F2. Equivalent to R$28.23 per share. Amounts presented were converted into U.S. dollars at the exchange rate of R$5.0611 per U.S.$1.00 as reported by Brazilian Central Bank on June 15, 2026.
Key Figures
Total shares sold: 7,381 shares
Sale price (first lot): $5.58 per share
Sale price (second lot): $5.59 per share
+5 more
8 metrics
Total shares sold
7,381 shares
Aggregate common shares sold by CFO on June 15, 2026
Sale price (first lot)
$5.58 per share
Price for 81 common shares sold, converted from R$28.30
Sale price (second lot)
$5.59 per share
Price for 7,300 common shares sold, converted from R$28.23
Brazilian price (first lot)
R$28.30 per share
Local currency equivalent for the first reported sale
Brazilian price (second lot)
R$28.23 per share
Local currency equivalent for the second reported sale
FX rate used
R$5.0611 per US$1.00
Brazilian Central Bank rate on June 15, 2026 for conversion
Number of sale transactions
2 transactions
Both coded “S” as open-market or private sales
Net share change
-7,381 shares
Net-sell direction from transaction summary
Key Terms
open-market sale, Form 4/A, Chief Financial Officer, exchange rate, +1 more
5 terms
open-market sale financial
"transaction_action is described as an open-market sale of common 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.
Form 4/A regulatory
"The insider activity is disclosed in an amended Form 4/A filing"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
Chief Financial Officer financial
"Daniel Szlak is identified as the Chief Financial Officer of Sabesp"
A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.
exchange rate financial
"Amounts were converted at an exchange rate of R$5.0611 per US$1.00"
Exchange rate is the price of one currency expressed in another—for example, how many euros you receive for one US dollar. It matters to investors because changes in that price alter the reported profits, costs and value of assets for companies and portfolios that operate or hold money across borders; think of it like switching measurement units, where the same item can look bigger or smaller depending on the unit used.
non-derivative financial
"Each transaction is classified as a non-derivative common share transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Sabesp (SBS) disclose in this Form 4/A?
Sabesp reported that its Chief Financial Officer, Daniel Szlak, sold 7,381 common shares on June 15, 2026 in open-market transactions. The filing classifies both trades with code “S,” indicating sales in the market or private transactions.
How many separate sale transactions are reported in this Sabesp (SBS) Form 4/A?
The Form 4/A reports two separate sale transactions. One transaction involved 81 common shares, and the other involved 7,300 common shares, both coded “S” and described as sales in the open market or private transactions.
What role does the reporting person hold at Sabesp (SBS) in this Form 4/A?
The reporting person, Daniel Szlak, is identified as Sabesp’s Chief Financial Officer. His officer status is explicitly noted in the filing, and the reported transactions involve his direct ownership of Sabesp common shares.