Insider Cluster (2 insiders) ·Filed Mar 18, 2026

BSBR

Banco Santander (Brasil) S.A.
NEUTRAL
Impact 3/10
Horizonimmediate Processed5mo ago
Insider cluster: 2 insiders, $252K total
Actionable Insight • Neutral

The level of selling is negligible relative to the company's size and does not indicate material concern. Traders should not interpret this as a negative signal; monitor for larger or more concentrated transactions in future filings.

DirectionNeutral
Confidencehigh
Horizonimmediate
Final — all horizons settled through T+60d
BSBR ▼ -3.75% at T+60d
NEUTRAL call ✗ call lost -3.75% · α vs SPY -16.20% · entry $5.63 → $5.42
Entry anchored
Mar 17, 03:59 PM ET
via exchange tick
T+1d
+0.52%
call +0.52% · α +0.79%
$5.66
settled 7mo ago
T+5d
+1.05%
call +1.05% · α +1.76%
$5.69
settled 6mo ago
T+20d
+10.65%
call +10.65% · α +4.60%
$6.23
settled 6mo ago
T+60d
-3.75%
call -3.75% · α -16.20%
$5.42
settled 4mo ago

Price Chart

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Executive Summary

Two non-executive officers at Banco Santander (Brasil) sold a combined $252K worth of shares over an eight-day window in March 2026. The sales represent a very small fraction of the company's $47.6B market cap and appear to be routine portfolio management rather than a coordinated signal.

Key Financial Metrics

Direction
selling
Total Value
$252.0K
Insiders
2

Key Facts

  • Two insiders sold shares: Ishii Michele Soares sold 12,000 shares for $71K on March 24, 2026, and Kappaz Rafael Abujamra sold 31,300 shares for $180K on March 18, 2026.
  • Total value of insider sales: $252K, representing just 0.0005% of the company's $47.6B market capitalization.
  • Both individuals are classified as 'Officer w/o Specific Desig'—not C-suite executives or directors.

Financial Impact

$252,000 in total open-market sales

insider ownershipfloat

Risk Factors

  • Minimal risk from insider activity; no material financial risk indicated by these transactions.

Market Snapshot

Exchange
NYSE
Sector
Commercial Banks, NEC

Investment Themes

Traditional Finance

Documents Analyzed

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

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-BSBR-1776376888543
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 4m)

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Report published Apr 16, 2026