6-K ·Filed May 22, 2026

VIV

TELEFONICA BRASIL S.A.
NEUTRAL
Impact 3/10
Horizonimmediate Processed4mo ago SEC0001292814-26-003171
Notable filing: 6-K
Actionable Insight • Neutral

The capital reduction is a positive cash return event but was already announced and priced in. The ex-date has passed (May 22). Traders should monitor future buyback programs or capital reduction updates for incremental signals. No immediate catalyst.

DirectionNeutral
Confidencehigh
Horizonimmediate
Final — all horizons settled through T+60d
VIV ▼ -14.41% at T+60d
NEUTRAL call ✗ call lost -14.41% · α vs SPY -17.13% · entry $13.42 → $11.49
Entry anchored
May 22, 2026
via day open
T+1d
-0.74%
call -0.74% · α -0.75%
$13.33
settled 4mo ago
T+5d
+0.49%
call +0.49% · α -0.72%
$13.49
settled 4mo ago
T+20d
-1.60%
call -1.60% · α +0.35%
$13.21
settled 3mo ago
T+60d
-14.41%
call -14.41% · α -17.13%
$11.49
settled 6w ago

Price Chart

Loading chart...

Executive Summary

Telefonica Brasil confirms R$4.0B capital reduction payment of R$1.2517/share on July 14, 2026, following the EGM approval on March 12, 2026. No share buyback activity altered the per-share amount. The filing is procedural and was largely anticipated.

Key Facts

  • Capital reduction of R$4,000,000,000.00 approved on March 12, 2026.
  • Amount per share: R$1.25171862845.
  • Payment date: July 14, 2026.
  • Shares trade ex-reimbursement rights from May 22, 2026.
  • No share buyback activity affected the per-share amount.

Financial Impact

R$4.0 billion total capital return to shareholders, approximately 8.9% of market cap at current exchange rate (~$0.9B).

shareholder equitycash distribution

Risk Factors

  • If Brazilian real depreciates further, the USD value of the distribution declines for ADR holders.
  • Potential for future reductions in share count if buyback resumes, but not indicated here.

Market Snapshot

Exchange
NYSE
Sector
Telephone Communications (No Radiotelephone)
Analyst Consensus
60% bullish (20 analysts)

Investment Themes

Media & Telecom

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
6-K Filing (Primary)0001292814-26-003171
Document: 0001292814-26-003171-index-headers.html0001292814-26-003171
Document: 0001292814-26-003171-index.html0001292814-26-003171
Document: 0001292814-26-003171.txt0001292814-26-003171
12 reports for VIV
Performance horizon
Filters
Rows
Reports for VIV — sortable, filterable
TypeNow
Jul 16, 2026
11w ago
6-K
NEUTRAL ★ 3/10
$13.95 $11.41▼ −18.21%▼ −22.65%$11.54 (−17.28%)
May 27, 2026
18w ago
6-K
NEUTRAL ★ 2/10
$13.33 $13.45▲ +0.90%▲ +4.05%$11.54 (−13.43%)
May 22, 2026
19w ago
6-K
NEUTRAL ★ 3/10
$13.42 $13.21▼ −1.60%▲ +0.35%$11.54 (−14.04%)
May 15, 2026
20w ago
6-K
NEUTRAL ★ 3/10
$13.54 $13.19▼ −2.57%▼ −4.15%$11.54 (−14.76%)
May 15, 2026
20w ago
6-K
NEUTRAL ★ 3/10
$13.54 $13.19▼ −2.57%▼ −4.15%$11.54 (−14.76%)
May 15, 2026
20w ago
6-K
NEUTRAL ★ 3/10
$13.54 $13.19▼ −2.57%▼ −4.15%$11.54 (−14.76%)
May 15, 2026
20w ago
6-K
NEUTRAL ★ 4/10
$13.47 $13.21▼ −1.93%▼ −4.05%$11.54 (−14.33%)
May 11, 2026
20w ago
6-K
NEUTRAL ★ 2/10
$14.74 $12.81▼ −13.09%▼ −12.79%$11.54 (−21.71%)
Apr 27, 2026
22w ago
6-K
NEUTRAL ★ 2/10
$15.68 $13.50▼ −13.90%▼ −19.37%$11.54 (−26.40%)
Apr 27, 2026
22w ago
6-K
NEUTRAL ★ 2/10
$15.68 $13.50▼ −13.90%▼ −19.37%$11.54 (−26.40%)
Showing 10 of 12

US Market Status

Market Closed — Opens Mon (39h 29m)

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access