The dollar amount is too small to be material for a $8.3B company, but the coordination (same day, same subsidiary, both senior) warrants monitoring. Check if these sales were pre-planned 10b5-1 trades or if they precede an earnings release or subsidiary-level event. If no further insider selling follows, this is likely routine portfolio diversification.
Price Chart
Executive Summary
Two senior executives at Ultrapar's Ipiranga subsidiary—the CEO and Financial Officer—collectively sold $682K in open-market shares on September 10, 2026. While the dollar amount is modest relative to the $8.3B market cap (~0.008%), the fact that both the CEO and CFO of the key operating subsidiary sold on the same day at nearly identical prices raises a coordination flag. The cluster is small in economic terms but notable for its timing and insider seniority.
Key Financial Metrics
Key Facts
- CEO Ipiranga sold 60,000 shares at $7.57 ($454K)
- Financial Officer Ipiranga sold 30,000 shares at $7.58 ($227K)
- Both sales occurred on the same day (2026-09-10)
- Total cluster value of $682K represents ~0.008% of $8.3B market cap
- Both sellers are at the Ipiranga subsidiary, not the parent company
Financial Impact
$682K in open-market sales, ~0.008% of market cap
Risk Factors
- Potential negative signal if this is the start of a broader insider selling pattern
- Subsidiary-level concerns at Ipiranga (refining/marketing margins) not yet visible at parent level
- Low confidence due to small absolute size relative to market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-UGP-1789410718602 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 6-K | $6.56 | awaiting T+20 | — | $6.40 (−2.44%) |
Sep 14, 2026 6w ago | Insider Cluster | $7.44 $7.89 | ▼ −6.05% | ▼ −3.79% | $6.40 (+13.98%) |
Sep 14, 2026 6w ago | Insider Cluster | $7.44 $7.89 | ▲ +6.05% | ▲ +3.79% | $6.40 (−13.98%) |
Jun 17, 2026 18w ago | 6-K | $4.80 $6.24 | ▲ +30.00% | ▲ +29.47% | $6.40 (+33.33%) |
Jun 2, 2026 21w ago | 6-K | $5.11 $4.97 | ▼ −2.74% | ▼ −1.17% | $6.40 (+25.24%) |
US Market Status
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