6-K ·Filed Sep 21, 2026
Notable filing: 6-K
Actionable Insight • Neutral
Monitor SEC effectiveness of the Form F-4 and CVM/B3 approvals for the exchange offer; the definitive terms will be disclosed upon formal launch.
Latest settled — T+20d ⚠ clustered
BSBR ▼ -3.77% at T+20d
NEUTRAL call -3.77% · α vs SPY -3.21% · entry $5.84 → $5.62
Latest observation: T+23 -3.59% FF3 residual α
T+1d
-2.40%
call -2.40% · α -1.68%
$5.70
settled 5w ago
T+5d
-2.74%
call -2.74% · α -1.55%
$5.68
settled 29d ago
T+20d
-3.77%
call -3.77% · α -3.21%
$5.62
settled 8d ago
T+60d
Pending
in 7w
Price Chart
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Executive Summary
Banco Santander (Brasil) S.A. disclosed procedural steps in the parent company's exchange offer, including filing a Form F-4 with the SEC and requesting registration of Banco Santander as a foreign issuer in Brazil. The filing is a routine update on the exchange offer process with no new financial terms or material changes.
Key Facts
- Banco Santander, S.A. filed a Form F-4 registration statement with the SEC for the exchange offer; it has not yet been declared effective.
- Banco Santander requested registration as a foreign issuer (category A) with the CVM and registration of its Brazilian Depositary Receipts Program.
- An appraisal report for Santander Brasil and Banco Santander was prepared by UBS BB Corretora for the Brazilian Exchange Offer.
- The exchange offers were originally announced on July 30, 2026.
Financial Impact
No financial terms or exchange ratios disclosed in this filing.
Risk Factors
- The Form F-4 has not yet been declared effective by the SEC, creating regulatory uncertainty.
- Shareholders may not tender their securities, and conditions to the exchange offer may not be satisfied.
Investment Themes
Traditional Finance
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001292814-26-004630 |
| Document: 0001292814-26-004630-index-headers.html | 0001292814-26-004630 |
| Document: 0001292814-26-004630-index.html | 0001292814-26-004630 |
| Document: 0001292814-26-004630.txt | 0001292814-26-004630 |
42 reports for BSBR
75% Hit rate @ T+20 Went positive at some point 5 of 5 best @ T+20▲ +2.63%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 6-K | $5.77 | awaiting T+20 | — | $5.55 (−3.81%) |
Oct 9, 2026 17d ago | 6-K | $5.77 | awaiting T+20 | — | $5.55 (−3.81%) |
Oct 7, 2026 19d ago | 3 | $5.82 | awaiting T+20 | — | $5.55 (−4.64%) |
Oct 2, 2026 24d ago | 6-K | $5.78 | awaiting T+20 | — | $5.55 (−3.98%) |
Sep 29, 2026 28d ago | Insider Cluster | $5.57 | awaiting T+20 | — | $5.55 (−0.36%) |
Sep 28, 2026 28d ago | Insider Cluster | $5.68 | awaiting T+20 | — | $5.55 (+2.29%) |
Sep 21, 2026 4w ago | 425 | $5.84 $5.62 | ▼ −3.77% | ▼ −3.21% | $5.55 (−4.97%) |
Sep 21, 2026 5w ago | 425 | $5.84 $5.62 | ▼ −3.77% | ▼ −3.21% | $5.55 (−4.97%) |
Sep 21, 2026 5w ago | 6-K | $5.84 $5.62 | ▼ −3.77% | ▼ −3.21% | $5.55 (−4.97%) |
Sep 8, 2026 6w ago | Insider Cluster | $5.89 $5.88 | ▼ −0.17% | ▼ −2.11% | $5.55 (−5.77%) |
Showing 10 of 42
US Market Status
Market Closed — Opens Wed (13h 18m)
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