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Insider Cluster (2 insiders) ·Filed Sep 14, 2026

UGP

ULTRAPAR HOLDINGS INC
BEARISH
Impact 4/10
Horizonweeks Processed1mo ago
Insider cluster: 2 insiders, $682K total
Actionable Insight ▼ Bearish

The simultaneous open-market sales by the CEO and Financial Officer of the Ipiranga subsidiary, without disclosed trading plans, suggest potential concern about near-term performance at that unit. Monitor upcoming earnings for Ipiranga segment results and any guidance changes.

DirectionBearish
Confidencemedium
Horizonweeks
Latest settled — T+20d ⚠ clustered
UGP ▲ +6.05% at T+20d
SHORT call ✗ call lost -6.05% · α vs SPY -3.79% · entry $7.44 → $7.89
Next anchor: T+60d in 6w
Latest observation: T+29 +17.96% FF3 residual α
Entry = T+0 close
Sep 14, 2026
via day close
T+1d
0.00%
call 0.00% · α -0.46%
$7.44
settled 6w ago
T+5d
+2.15%
call -2.15% · α -0.49%
$7.60
settled 5w ago
T+20d
+6.05%
call -6.05% · α -3.79%
$7.89
settled 15d ago
T+60d
Pending
in 6w

Price Chart

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Executive Summary

Two Ipiranga subsidiary executives at Ultrapar Holdings sold a combined $682K in open-market sales on the same day, with no indication of 10b5-1 plans. While the dollar amount is modest relative to the company's market cap, the coordinated timing and insider roles (CEO and Financial Officer of the same subsidiary) warrant attention.

Key Financial Metrics

Direction
selling
Total Value
$682.0K
Insiders
2

Key Facts

  • CEO Ipiranga sold 60,000 shares at $7.57 for $454K on 2026-09-10
  • Financial Officer Ipiranga sold 30,000 shares at $7.58 for $227K on 2026-09-10
  • Both sales were open-market (code S) with no 10b5-1 plan noted
  • Total cluster value of $682K represents approximately 0.2% of market cap
  • Sales occurred on the same day, suggesting coordinated insider activity

Financial Impact

Total insider sales of $682K, approximately 0.2% of market cap

insider ownership

Risk Factors

  • Potential deterioration in Ipiranga segment performance
  • Further insider selling could signal broader issues
  • Lack of 10b5-1 plans increases informational content of these sales

Investment Themes

Traditional Energy

Documents Analyzed

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

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-UGP-1789777997046
5 reports for UGP
Performance horizon
Filters
Rows
Reports for UGP — sortable, filterable
TypeNow
Oct 26, 2026
1d ago
6-K
NEUTRAL ★ 2/10
$6.20awaiting T+20—$6.47 (+4.44%)
Sep 14, 2026
6w ago
Insider Cluster
BEARISH ★ 4/10
$7.44 $7.89▼ −6.05%▼ −3.79%$6.47 (+12.97%)
Sep 14, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$7.44 $7.89▲ +6.05%▲ +3.79%$6.47 (−12.97%)
Jun 17, 2026
18w ago
6-K
NEUTRAL ★ 3/10
$4.80 $6.24▲ +30.00%▲ +29.47%$6.47 (+34.90%)
Jun 2, 2026
21w ago
6-K
NEUTRAL ★ 3/10
$5.11 $4.97▼ −2.74%▼ −1.17%$6.47 (+26.71%)
Showing 5 of 5

US Market Status

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Report published Sep 14, 2026