The cluster is purely selling by three officers, including a VP Exec Officer, with no plan indication. While the dollar amount is modest relative to market cap, the absence of any insider buying and the concentration in senior management warrants monitoring for upcoming earnings or material news. Watch for any subsequent 8-K or earnings release that could explain the selling.
Price Chart
Executive Summary
Three BSBR insiders sold a total of $408K in open-market sales over a one-week window, led by VP Exec Officer Saes Edmilson ($290K). The total is ~0.13% of market cap — modest but above the trivial threshold. No 10b5-1 plan indication, and the cluster is purely selling with no offsetting buys, making this a mildly bearish signal.
Key Financial Metrics
Key Facts
- VP Exec Officer Saes Edmilson sold 50,000 shares at $5.79 for $289,500 on 2026-09-22
- Officer Cabral Leonardo Mendes sold 20,000 shares at $5.68 for $113,600 on 2026-09-24
- Officer Ishii Michele Soares sold 800 shares at $5.67 for $4,536 on 2026-09-24
- Total cluster value: ~$408K, all open-market sales with no 10b5-1 plan indication
- No insider purchases in the cluster window
Financial Impact
~$408K in insider sales, approximately 0.13% of market cap
Risk Factors
- Insider selling may signal management's view of near-term headwinds
- No offsetting insider purchases to provide confidence signal
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BSBR-1790636354913 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 6-K | $5.77 | awaiting T+20 | — | $5.55 (−3.81%) |
Oct 9, 2026 17d ago | 6-K | $5.77 | awaiting T+20 | — | $5.55 (−3.81%) |
Oct 7, 2026 19d ago | 3 | $5.82 | awaiting T+20 | — | $5.55 (−4.64%) |
Oct 2, 2026 24d ago | 6-K | $5.78 | awaiting T+20 | — | $5.55 (−3.98%) |
Sep 29, 2026 28d ago | Insider Cluster | $5.57 | awaiting T+20 | — | $5.55 (−0.36%) |
Sep 28, 2026 28d ago | Insider Cluster | $5.68 | awaiting T+20 | — | $5.55 (+2.29%) |
Sep 21, 2026 5w ago | 425 | $5.84 $5.62 | ▼ −3.77% | ▼ −3.21% | $5.55 (−4.97%) |
Sep 21, 2026 5w ago | 425 | $5.84 $5.62 | ▼ −3.77% | ▼ −3.21% | $5.55 (−4.97%) |
Sep 21, 2026 5w ago | 6-K | $5.84 $5.62 | ▼ −3.77% | ▼ −3.21% | $5.55 (−4.97%) |
Sep 8, 2026 6w ago | Insider Cluster | $5.89 $5.88 | ▼ −0.17% | ▼ −2.11% | $5.55 (−5.77%) |
US Market Status
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