Suzano cancels 8.8M shares in capital shift

Rhea-AI Filing Summary

Suzano S.A. (SUZ) director Daniel Feffer reported restructuring-related changes in his holdings. An entity associated with him, Suzano Holding S.A., had 8,772,223 common shares of Suzano S.A. cancelled in connection with a capital reduction, leaving Suzano Holding S.A. with 358,840,106 common shares over which he continues to share voting and dispositive power. Separately, he received 408,863 common shares directly under a shareholders' agreement, resulting in 48,486,168 common shares held directly. The footnotes state no purchase or sale occurred and no consideration was paid for these transfers.

Insider Trade Summary

Other: 9,181,086 shares

Other 2 txns

Insider Feffer Daniel

Role Director

Type	Security	Shares	Price	Value
Other	Common shares F1, F2	8,772,223	--	--
Other	Common shares F3, F4	408,863	--	--

Holdings After Transaction: Common shares — 358,840,106 shares (Indirect, By Suzano Holding S.A.); Common shares — 48,486,168 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 408,863 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

Shares cancelled in capital reduction: 8,772,223 common shares Shares held by Suzano Holding S.A. after cancellation: 358,840,106 common shares Shares received directly by Daniel Feffer: 408,863 common shares +2 more

5 metrics

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

Shares held by Suzano Holding S.A. after cancellation 358,840,106 common shares Total Suzano S.A. common shares held by Suzano Holding S.A. following the capital reduction

Shares received directly by Daniel Feffer 408,863 common shares Common shares of Suzano S.A. received pursuant to the shareholders' agreement of Suzano Holding S.A.

Direct holdings after acquisition 48,486,168 common shares Total Suzano S.A. common shares held directly by Daniel Feffer after receiving 408,863 shares

Restructuring shares affected 9,181,086 common shares Total shares involved in restructuring-related transactions coded as J in the Form 4

Key Terms

capital reduction, dispositive power, shareholders' agreement

3 terms

capital reduction financial

"cancellation of shares in connection with a capital reduction of Suzano Holding S.A."

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.

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.

shareholders' agreement financial

"pursuant to the shareholders' agreement of Suzano Holding S.A."

FAQ

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

What restructuring transactions did SUZ director Daniel Feffer report in this Form 4?

Daniel Feffer reported cancellation of 8,772,223 common shares of Suzano S.A. held via Suzano Holding S.A. due to a capital reduction, and receipt of 408,863 common shares directly under a shareholders' agreement. The filing states no shares were purchased or sold.

How many Suzano S.A. (SUZ) shares does Suzano Holding S.A. hold after the capital reduction?

After cancellation of 8,772,223 common shares in connection with a capital reduction, Suzano Holding S.A. holds 358,840,106 common shares of Suzano S.A., over which Daniel Feffer, as a party to the shareholders' agreement, continues to share voting and dispositive power.

How many Suzano S.A. (SUZ) shares does Daniel Feffer now hold directly?

Following receipt of 408,863 common shares pursuant to the shareholders' agreement of Suzano Holding S.A., Daniel Feffer holds 48,486,168 common shares of Suzano S.A. directly. The filing states no purchase price or other consideration was paid for this acquisition.

Did Daniel Feffer buy or sell Suzano S.A. (SUZ) shares in these reported transactions?

No. The footnotes state that Daniel Feffer did not purchase or sell any shares. The disposition resulted from share cancellation in a capital reduction of Suzano Holding S.A., and the acquired shares were received under a shareholders' agreement with no consideration paid.

What does the capital reduction of Suzano Holding S.A. imply for SUZ shareholdings?

The capital reduction of Suzano Holding S.A. led to cancellation of 8,772,223 Suzano S.A. common shares, leaving Suzano Holding S.A. with 358,840,106 shares. Daniel Feffer continues to share voting and dispositive power over all such shares under a shareholders' agreement.

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

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Accepted by SEC EDGAR 08/20/2026 - 05:19 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 Daniel

(Last) (First) (Middle)

AV BRIG 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		408,863(3)	A	(4)	48,486,168	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 408,863 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 Daniel 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)