Banco Santander (Brasil) Officer Sells 20,000 Units for $113.6K

Transaction Overview

On September 28, 2026, Banco Santander (Brasil) S.A. ($BSBR) reported an insider transaction involving Officer Leonardo Mendes Cabral. On September 24, 2026, Cabral sold 20,000 Santander Brasil Units (SANB11) directly in the open market at a price of $5.68 per unit, yielding gross proceeds of approximately $113,600.

Transaction Details

• Security: UNIT - SANB11
• Transaction Code: S (Open-market or private sale)
• Shares Sold: 20,000 units
• Execution Price: $5.68 per share (Footnote clarifies this equals R$29.44 per unit, converted at R$5.1789 per US$1.00 as of September 24, 2026)
• Total Transaction Value: $113,600.00
• Nature of Ownership: Direct

Ownership Impact

• Shares Held Prior to Transaction: 132,571 units
• Shares Disposed: 20,000 units (~15.09% of prior holdings)
• Shares Retained Post-Transaction: 112,571 units

Market & Strategic Context

The transaction represents a standard insider liquidity event of modest monetary scale ($113.6K). The officer maintains a substantial remaining position of 112,571 units, retaining skin in the game. Due to the limited transaction value and standard disposition profile, the trading significance is categorized as Low.