Suzano director shifts 9.3M shares in restructure

Rhea-AI Filing Summary

Suzano S.A. (SUZ) reported Form 4 activity by director David Feffer reflecting internal restructurings rather than market trades. An entity associated with him, Suzano Holding S.A., cancelled 8,772,223 common shares in a capital reduction and now holds 358,840,106 Suzano shares, over which he continues to share voting and dispositive power. Separately, he received 554,210 common shares directly under a shareholders' agreement, bringing his direct holdings to 54,077,080 shares. The footnotes state that no purchase price was paid and that he did not purchase or sell any shares in these transactions.

Insider Trade Summary

Other: 9,326,433 shares

Other 2 txns

Insider Feffer David

Role Director

Type	Security	Shares	Price	Value
Other	Common shares F1, F2	8,772,223	--	--
Other	Common shares F3, F4	554,210	--	--

Holdings After Transaction: Common shares — 358,840,106 shares (Indirect, By Suzano Holding S.A.); Common shares — 54,077,080 shares (Direct)

Footnotes (4)

1. F1. No transaction price was applicable because the reported disposition resulted from the cancellation of shares in connection with a capital reduction of Suzano Holding S.A.
2. F2. The amount of 358,840,106 represents the total number of common shares of Suzano S.A. held by Suzano Holding S.A. following the cancellation of 8,772,223 common shares in connection with a capital reduction of Suzano Holding S.A. The reporting person, as a party to the shareholders' agreement of Suzano Holding S.A., continues to share voting and dispositive power over all such shares. The reporting person did not purchase or sell any shares.
3. F3. The reporting person received 554,210 common shares pursuant to the shareholders' agreement of Suzano Holding S.A. The reporting person did not purchase or sell any shares.
4. F4. The shares were received pursuant to the shareholders' agreement of Suzano Holding S.A. No purchase price or other consideration was paid in connection with the acquisition.

Key Figures

Indirect shares cancelled: 8,772,223 common shares Indirect holdings after transaction: 358,840,106 common shares Direct shares acquired: 554,210 common shares +2 more

5 metrics

Indirect shares cancelled 8,772,223 common shares Cancellation in connection with a capital reduction of Suzano Holding S.A.

Indirect holdings after transaction 358,840,106 common shares Total Suzano S.A. common shares held by Suzano Holding S.A. following cancellation

Direct shares acquired 554,210 common shares Shares received by the reporting person under a shareholders' agreement

Direct holdings after transaction 54,077,080 common shares Total Suzano S.A. common shares held directly by the reporting person after receipt

Restructuring-related shares 9,326,433 common shares Total shares involved in restructuring-type transactions per transaction summary

Key Terms

capital reduction, shareholders' agreement, dispositive power

3 terms

capital reduction financial

"resulted from the cancellation of shares in connection with a capital reduction"

A capital reduction is a legal move where a company shrinks the amount of money recorded as its official share capital, either by cancelling shares, lowering the value of each share, or returning cash to shareholders. Investors care because it changes the company’s balance sheet and can alter how much each remaining share represents—like pruning a tree to concentrate fruit or giving back some of the harvest—potentially affecting ownership percentages, per‑share metrics and the stock’s market value.

shareholders' agreement financial

"The reporting person received 554,210 common shares pursuant to the shareholders' agreement"

dispositive power financial

"continues to share voting and dispositive power over all such shares"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

FAQ

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

What insider share changes did Suzano S.A. (SUZ) report for David Feffer?

David Feffer reported cancellation of 8,772,223 common shares held indirectly through Suzano Holding S.A. in a capital reduction and acquisition of 554,210 common shares directly under a shareholders' agreement. The disclosure states he did not purchase or sell any shares.

How many Suzano S.A. (SUZ) shares does Suzano Holding S.A. now hold?

After the capital reduction and cancellation of 8,772,223 common shares, Suzano Holding S.A. holds 358,840,106 common shares of Suzano S.A. The filing states David Feffer, as a party to Suzano Holding S.A.’s shareholders' agreement, continues to share voting and dispositive power over these shares.

What are David Feffer’s direct holdings in Suzano S.A. (SUZ) after these transactions?

Following receipt of 554,210 common shares pursuant to a shareholders' agreement, David Feffer directly holds 54,077,080 common shares of Suzano S.A. The filing notes that no purchase price or other consideration was paid for this acquisition.

Did David Feffer buy or sell Suzano S.A. (SUZ) shares on the market?

No. The footnotes explicitly state that in both the cancellation of 8,772,223 indirectly held shares and the receipt of 554,210 directly held shares, the reporting person did not purchase or sell any shares, and no purchase price or other consideration was paid.

What caused the cancellation of Suzano S.A. (SUZ) shares reported in the Form 4?

The cancellation of 8,772,223 common shares held indirectly through Suzano Holding S.A. resulted from a capital reduction of Suzano Holding S.A. The filing states that no transaction price was applicable to this disposition.

How many shares were affected by restructuring-type transactions in this Suzano S.A. (SUZ) filing?

The Form 4 summary reports restructuring-related transactions totaling 9,326,433 common shares, comprising the cancellation of 8,772,223 shares indirectly held and the receipt of 554,210 shares directly, both described as occurring under corporate and shareholders’ agreement arrangements.

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

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Accepted by SEC EDGAR 08/20/2026 - 05:20 PM 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^*

Feffer David

(Last) (First) (Middle)

AV BRIGADEIRO FARIA LIMA 1355

(Street)

SAO PAULO 01452-002

(City) (State) (Zip)

BRAZIL

(Country)

2. Issuer Name and Ticker or Trading Symbol
Suzano S.A. [ SUZ ]

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
[SUZB3]

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2026

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
Common shares	08/19/2026		J		8,772,223	D	(1)	358,840,106(2)	I(2)	By Suzano Holding S.A.
Common shares	08/19/2026		J		554,210(3)	A	(4)	54,077,080	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. No transaction price was applicable because the reported disposition resulted from the cancellation of shares in connection with a capital reduction of Suzano Holding S.A.

2. The amount of 358,840,106 represents the total number of common shares of Suzano S.A. held by Suzano Holding S.A. following the cancellation of 8,772,223 common shares in connection with a capital reduction of Suzano Holding S.A. The reporting person, as a party to the shareholders' agreement of Suzano Holding S.A., continues to share voting and dispositive power over all such shares. The reporting person did not purchase or sell any shares.

3. The reporting person received 554,210 common shares pursuant to the shareholders' agreement of Suzano Holding S.A. The reporting person did not purchase or sell any shares.

4. The shares were received pursuant to the shareholders' agreement of Suzano Holding S.A. No purchase price or other consideration was paid in connection with the acquisition.

Remarks:

	/s/ Victor Conde Valladares Camina as attorney-in-fact for David Feffer	08/20/2026
	** 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)