These sales are too small to warrant a trading response. Monitor for any C-suite insider selling at materially larger scale (>$5M or >0.1% of market cap) before reading bearish intent. The 33% historical win rate on BSBR reports further supports ignoring this noise.
Price Chart
Executive Summary
Five Banco Santander Brasil officers sold a total of ~185K shares worth ~$1.06M over an 8-day window, with all sales at ~$5.70-$5.78. At a $43B market cap, this represents ~0.0025% of shares outstanding — a trivial amount. The cluster is entirely non-C-suite officers, and the sales are likely routine portfolio diversification rather than a bearish signal. The historical calibration shows past BSBR reports had a 33% win rate at T+20, but the tiny scale here makes this noise regardless.
Key Financial Metrics
Key Facts
- Five officers sold a combined ~185K shares worth ~$1.06M over 8 days
- All sales were open-market at $5.70-$5.78 per share
- Total value is ~0.0025% of BSBR's $43B market cap — immaterial
- No C-suite executives participated; all sellers are 'Officer w/o Specific Designation'
- No insider buying activity in the cluster to offset the sales
Financial Impact
~$1.06M in insider sales, representing ~0.0025% of market cap — trivial
Risk Factors
- Insider sales could accelerate if broader Brazil macro or Santander-specific headwinds emerge
- No C-suite participation means this cluster lacks informational content
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BSBR-1786691476810 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | Insider Cluster | $5.89 $5.57 | ▼ −5.43% | ▼ −5.10% | $5.40 (−8.32%) |
Sep 1, 2026 4w ago | Insider Cluster | $5.72 $5.57 | ▼ −2.62% | ▼ −2.73% | $5.40 (−5.59%) |
Aug 28, 2026 4w ago | Insider Cluster | $5.75 $5.68 | ▼ −1.22% | ▼ −1.03% | $5.40 (−6.09%) |
Aug 27, 2026 5w ago | Insider Cluster | $5.73 $5.71 | ▼ −0.35% | ▲ +0.16% | $5.40 (−5.76%) |
Aug 19, 2026 6w ago | 6-K | $5.57 $5.75 | ▲ +3.23% | ▲ +3.23% | $5.40 (−3.05%) |
Aug 19, 2026 6w ago | 6-K | $5.57 $5.75 | ▲ +3.23% | ▲ +3.23% | $5.40 (−3.05%) |
Aug 18, 2026 6w ago | Insider Cluster | $5.57 $5.95 | ▲ +6.82% | ▲ +8.77% | $5.40 (−3.05%) |
Aug 17, 2026 6w ago | 6-K | $5.60 $5.81 | ▲ +3.75% | ▲ +5.06% | $5.40 (−3.57%) |
Aug 14, 2026 6w ago | 425 | $5.71 $5.86 | ▲ +2.63% | ▲ +4.60% | $5.40 (−5.43%) |
Aug 14, 2026 6w ago | 425 | $5.71 $5.86 | ▲ +2.63% | ▲ +4.60% | $5.40 (−5.43%) |
US Market Status
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