Insider Cluster (4 insiders) ·Filed Sep 2, 2026

BSBR

Banco Santander (Brasil) S.A.
NEUTRAL
Impact 2/10
Horizonimmediate Processed29d 15h ago
Insider cluster: 4 insiders, $0.2M total
Actionable Insight • Neutral

This insider cluster is too small to warrant a trading response. Monitor for larger insider sales (above 0.1% of market cap) or C-suite activity for a meaningful signal. The company's 73% bullish analyst consensus and strong institutional ownership suggest no near-term concern.

DirectionNeutral
Confidencehigh
Horizonimmediate
Latest settled — T+20d ⚠ clustered
BSBR ▼ -5.43% at T+20d
NEUTRAL call ✗ call lost -5.43% · α vs SPY -5.10% · entry $5.89 → $5.57
Next anchor: T+60d in 8w
Entry anchored
Sep 1, 05:11 PM ET
via 1-min bar
T+1d
+2.21%
call +2.21% · α +1.16%
$6.02
settled 4w ago
T+5d
-0.17%
call -0.17% · α +0.79%
$5.88
settled 23d ago
T+20d
-5.43%
call -5.43% · α -5.10%
$5.57
settled 2d ago
T+60d
—
call — · α —
—
in 8w

Price Chart

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Executive Summary

A cluster of four Banco Santander Brasil insiders sold a total of ~$176K in shares over a one-week window, with no material open-market purchases. The sales are small relative to the $44B market cap (0.0004%), and all sellers are officers without specific designations or a VP. The dollar amount is trivial, and the sales likely reflect routine portfolio management or tax planning rather than a bearish signal. The historical calibration shows prior neutral calls on BSBR have performed well, and the score calibration suggests scores above 6 have poor win rates in this segment, reinforcing a low-impact read.

Key Financial Metrics

Direction
selling
Total Value
$176.0K
Insiders
4

Key Facts

  • Four insiders sold ~$176K total over 7 days, representing 0.0004% of market cap
  • All sales were open-market; no material open-market purchases
  • Sellers are officers without specific designations and a VP Exec Officer — no C-suite involvement
  • The cluster is too small to signal material information about the company's prospects

Financial Impact

Total insider sales of ~$176K against a $44B market cap — economically negligible

Risk Factors

  • Insider sales could accelerate if broader macro or Brazil-specific headwinds emerge
  • The cluster includes a VP Exec Officer, but the dollar amount is too small to be informative

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-1788412335342
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 Sep 3, 2026