The insider selling is too small to indicate a bearish view. Monitor for larger clusters or C-suite activity that would cross the 0.1% market-cap threshold. No immediate trading signal.
Price Chart
Executive Summary
Four Banco Santander Brasil insiders sold a combined ~$176K in shares over a week, while one officer made a nominal $455 purchase. The total selling represents less than 0.001% of the company's $42.7B market cap, making the cluster economically trivial and unlikely to convey material information.
Key Financial Metrics
Key Facts
- 4 insiders sold a total of ~$176K in open-market transactions between Aug 21-28, 2026
- One officer (da Silva Marcos Jose Maia) also purchased 79 shares for $455 on Aug 28
- Total cluster value is ~0.0004% of BSBR's $42.7B market cap
- No C-suite (CEO/CFO) participation; the most senior seller is a VP Executive Officer
Financial Impact
~$176K in insider sales, immaterial relative to $42.7B market cap
Risk Factors
- Insider selling could increase if broader macro or credit conditions deteriorate for Brazilian banks
- Small sample size — a single larger insider sale could change the signal
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-1788332772519 |
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 5w 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 7w ago | 425 | $5.71 $5.86 | ▲ +2.63% | ▲ +4.60% | $5.40 (−5.43%) |
Aug 14, 2026 7w ago | 425 | $5.71 $5.86 | ▲ +2.63% | ▲ +4.60% | $5.40 (−5.43%) |
US Market Status
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