Insider Cluster (3 insiders) ·Filed Aug 6, 2026

BSBR

Banco Santander (Brasil) S.A.
NEUTRAL
Impact 2/10
Horizonimmediate Processed1mo ago
Insider cluster: 2 insiders, $409K total
Actionable Insight • Neutral

This insider cluster is too small in dollar terms to signal a change in company fundamentals. The historical win rate on BSBR reports is low (25%), and the sell cluster lacks C-suite participation. Monitor for larger-scale insider activity or a material corporate event before adjusting positioning.

DirectionNeutral
Confidencehigh
Horizonimmediate
Latest settled — T+20d
BSBR ▲ +2.58% at T+20d
NEUTRAL call ✓ call won +2.58% · α vs SPY +2.98% · entry $5.81 → $5.96
Next anchor: T+60d in 28d
Latest observation: T+38 +1.21% FF3 residual α
Entry anchored
Aug 6, 04:59 PM ET
via 1-min bar
T+1d
-0.86%
call -0.86% · α -0.83%
$5.76
settled 8w ago
T+5d
-0.69%
call -0.69% · α -1.09%
$5.77
settled 7w ago
T+20d
+2.58%
call +2.58% · α +2.98%
$5.96
settled 29d ago
T+60d
—
call — · α —
—
in 28d

Price Chart

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Executive Summary

Three BSBR officers sold a total of $636K in open-market sales over a 7-day window ending Aug 4, 2026. At a $43.3B market cap, the sales represent ~0.0015% of market cap — trivial in size. The cluster is entirely sells by non-C-suite officers, which per academic literature carries minimal predictive power for a large-cap bank.

Key Financial Metrics

Direction
selling
Total Value
$636.2K
Insiders
3

Key Facts

  • Three officers sold a combined 111,619 shares at $5.70/share for total proceeds of ~$636,228
  • Sales are 0.0015% of $43.3B market cap — economically immaterial
  • No C-suite executives (CEO/CFO) participated in any trades
  • All sales were open-market, not plan-related per filing codes
  • Historical calibration for BSBR shows prior neutral-score reports (score 2-3) had mixed T+20 outcomes but the model's reads on this ticker have been poor (25% win rate)

Financial Impact

Total insider sales of $636K represent 0.0015% of market cap — negligible for a $43.3B company

Risk Factors

  • None from this filing alone — sales are immaterial relative to market cap
  • Pattern of ongoing modest insider selling could reflect broader sentiment but is uninformative at current scale

Market Snapshot

Exchange
NYSE
Sector
Commercial Banks, NEC
Analyst Consensus
73% bullish (11 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-BSBR-1786082936333
32 reports for BSBR
Performance horizon
100% Hit rate 4 of 4 directional calls best @ T+20▲ +2.63%Aug 14, 2026
Filters
Rows
Reports for BSBR — sortable, filterable
TypeNow
Sep 2, 2026
4w ago
Insider Cluster
NEUTRAL ★ 2/10
$5.89 $5.57▼ −5.43%▼ −5.10%$5.40 (−8.32%)
Sep 1, 2026
4w ago
Insider Cluster
NEUTRAL ★ 2/10
$5.72 $5.57▼ −2.62%▼ −2.73%$5.40 (−5.59%)
Aug 28, 2026
4w ago
Insider Cluster
NEUTRAL ★ 2/10
$5.75 $5.68▼ −1.22%▼ −1.03%$5.40 (−6.09%)
Aug 27, 2026
5w ago
Insider Cluster
NEUTRAL ★ 2/10
$5.73 $5.71▼ −0.35%▲ +0.16%$5.40 (−5.76%)
Aug 19, 2026
6w ago
6-K
NEUTRAL ★ 2/10
$5.57 $5.75▲ +3.23%▲ +3.23%$5.40 (−3.05%)
Aug 19, 2026
6w ago
6-K
NEUTRAL ★ 3/10
$5.57 $5.75▲ +3.23%▲ +3.23%$5.40 (−3.05%)
Aug 18, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$5.57 $5.95▲ +6.82%▲ +8.77%$5.40 (−3.05%)
Aug 17, 2026
6w ago
6-K
NEUTRAL ★ 2/10
$5.60 $5.81▲ +3.75%▲ +5.06%$5.40 (−3.57%)
Aug 14, 2026
6w ago
425
BULLISH ★ 6/10
$5.71 $5.86▲ +2.63%▲ +4.60%$5.40 (−5.43%)
Aug 14, 2026
6w ago
425
BULLISH ★ 6/10
$5.71 $5.86▲ +2.63%▲ +4.60%$5.40 (−5.43%)
Showing 10 of 32

US Market Status

Market Closed — Opens Mon (65h 5m)

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Report published Aug 7, 2026