Insider Cluster (2 insiders) ·Filed Apr 8, 2026

ITUB

Itau Unibanco Holding S.A.
BEARISH
Impact 5/10
Horizondays Processed5mo ago
Insider cluster: 2 insiders, $1.8M total
Actionable Insight ▼ Bearish

Given that both insiders are operating officers (not just board members), the coordinated selling over a short window may signal reduced confidence in near-term performance or valuation. Traders should monitor for further selling or any downward revisions in guidance.

DirectionBearish
Confidencehigh
Horizondays
Final — all horizons settled through T+60d ⚠ clustered
ITUB ▼ -7.80% at T+60d
SHORT call ✓ call won +7.80% · α vs SPY +17.97% · entry $8.81 → $8.12
Entry anchored
Apr 7, 03:59 PM ET
via exchange tick
T+1d
+2.37%
call -2.37% · α -1.80%
$9.02
settled 6mo ago
T+5d
+6.70%
call -6.70% · α -3.18%
$9.40
settled 6mo ago
T+20d
-2.69%
call +2.69% · α +11.24%
$8.57
settled 5mo ago
T+60d
-7.80%
call +7.80% · α +17.97%
$8.12
settled 3mo ago

Price Chart

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Executive Summary

Two corporate insiders at Itau Unibanco sold a combined $1.80M in shares over a 7-day window, with the majority of the volume coming from Retail Business Officer Andre Luis Teixeira Rodrigues. The sales were open-market transactions, indicating deliberate divestment.

Key Financial Metrics

Direction
selling
Total Value
$1.8M
Insiders
2

Key Facts

  • Guillinet Fajerman Sergio, Chief People and MKT Officer, sold 70,000 shares for $658,000 over two days (April 14–15, 2026).
  • Teixeira Rodrigues Andre Luis, Retail Business Officer, sold 182,800 shares for $1.61M on April 8, 2026.
  • Total insider selling in the cluster: $1.80M over 7 days.
  • All transactions were open-market sales (S), representing actual cash proceeds to the sellers.

Financial Impact

$1.80M in open-market share sales by insiders

insider ownershipinvestor sentiment

Risk Factors

  • Insider selling can erode market confidence, especially when concentrated among executives.
  • The $1.80M in sales represents 0.0017% of the $106B market cap — not large in magnitude, but notable due to the number of officers involved.

Market Snapshot

Exchange
NYSE
Sector
State Commercial Banks

Investment Themes

Traditional Finance

Documents Analyzed

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

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-ITUB-1776436981213
44 reports for ITUB
Performance horizon
100% Hit rate 5 of 5 directional calls best @ T+20▲ +12.33%Mar 30, 2026
Filters
Rows
Reports for ITUB — sortable, filterable
TypeNow
Sep 14, 2026
18d ago
6-K
NEUTRAL ★ 2/10
$8.23 $8.45▲ +2.67%▲ +2.57%$8.20 (−0.30%)
Sep 11, 2026
21d ago
6-K
NEUTRAL ★ 3/10
$8.33 $8.20▼ −1.56%▼ −1.34%$8.20 (−1.50%)
Sep 2, 2026
4w ago
6-K
NEUTRAL ★ 2/10
$8.08 $8.30▲ +2.72%▲ +3.68%$8.20 (+1.55%)
Aug 18, 2026
6w ago
6-K
NEUTRAL ★ 4/10
$7.27 $7.66▲ +5.36%▲ +5.57%$8.20 (+12.86%)
Aug 7, 2026
7w ago
6-K
NEUTRAL ★ 5/10
$7.94 $7.40▼ −6.80%▼ −7.20%$8.20 (+3.34%)
Aug 6, 2026
8w ago
6-K
NEUTRAL ★ 2/10
$8.18 $7.34▼ −10.27%▼ −11.48%$8.20 (+0.31%)
Aug 5, 2026
8w ago
6-K
NEUTRAL ★ 3/10
$8.20 $7.40▼ −9.72%▼ −10.07%$8.20 (+0.10%)
Aug 5, 2026
8w ago
6-K
NEUTRAL ★ 4/10
$8.20 $7.40▼ −9.72%▼ −10.07%$8.20 (+0.10%)
Aug 3, 2026
8w ago
6-K
NEUTRAL ★ 3/10
$8.49 $7.88▼ −7.18%▼ −9.21%$8.20 (−3.36%)
Jul 7, 2026
12w ago
6-K
NEUTRAL ★ 2/10
$8.23 $8.55▲ +3.89%▲ +3.34%$8.20 (−0.30%)
Showing 10 of 44

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Report published Apr 17, 2026