Banco Santander (Brasil) VP Exec Officer Edmilson Saes Disposes of $289.5K in Units
Banco Santander (Brasil) S.A.
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Filing Summary
Banco Santander (Brasil) S.A. ($BSBR) Form 4 Filing
Insider: Edmilson Saes (VP Exec Officer) Transaction: Open Market Sale (Code S) Security: UNIT - SANB11 Shares Sold: 50,000 Price per Share: $5.79 (R$29.64) Total Value: $289,500 Remaining Holdings: 300,203 units (Direct) Transaction Date: September 22, 2026 Filing Date: September 28, 2026
Comprehensive Analysis
Executive Summary
On September 28, 2026, Banco Santander (Brasil) S.A. filed a Form 4 disclosing that Edmilson Saes, VP Executive Officer, completed an open-market disposition of 50,000 Units (SANB11) on September 22, 2026.
Transaction Details
- Security: UNIT - SANB11
- Transaction Code: S (Open market or private sale)
- Volume: 50,000 units
- Execution Price: $5.79 per unit (converted from R$29.64 at an exchange rate of R$5.1155 per USD)
- Gross Proceeds: $289,500.00
- Nature of Ownership: Direct
Ownership Impact
- Pre-Transaction Holdings: 350,203 units
- Post-Transaction Holdings: 300,203 units
- Holding Reduction: ~14.28%
Significance Assessment
The transaction represents a standard, relatively modest disposition by an executive officer. The retained stake of 300,203 units indicates that Edmilson Saes continues to hold substantial alignment with shareholder interests.
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Important Disclaimer
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