Latest Insider Trading
Filed: 2026-05-15
Key Insights
- Director Bruno Mauad sold a total of 88,254 Brazilian Depositary Receipts (BDRs) equivalent to approximately 29,418 common shares over two consecutive trading days (May 13-14, 2026), representing a significant reduction in his indirect holdings through Kapitalo Investimentos.
- The insider sales occurred at weighted average prices of $27.50 and $26.85 per BDR respectively, suggesting modest price weakness between the two trading days and indicating the timing may reflect market conditions rather than strategic opportunity.
- Following the transactions, Mauad's beneficial ownership decreased from 16.0 million to 15.96 million common shares indirectly held, maintaining a substantial but reduced stake consistent with a Director-level position.
- The sales were executed through Brazilian Depositary Receipts on the Brazilian market rather than direct common share transactions, which may reflect tax optimization or liquidity preference in the home market for this Miami-based executive.