$BBD · BANK BRADESCO
Director Alvarez Rubens Aguiar filed a Form 4 disclosing six open-market purchases totaling 1,845,000 shares of Bank Bradesco for $32,042,484 at prices between $17.30 and $17.37. Post-transaction, Aguiar holds 3,690,000 shares, effectively doubling his position with no 10b5-1 plan in place.
- Director Alvarez Rubens Aguiar purchased 1,845,000 shares for $32,042,484 total across six transactions.
- The largest single transaction was 1,698,000 shares at $17.37, totaling $29,494,260.
- Post-transaction, Aguiar owns 3,690,000 shares — doubling his position.
- No 10b5-1 plan was used; all purchases were discretionary open-market buys.
- Prices ranged from $17.30 to $17.37 per share across the six trades.
BBD shares are up +0.35% since filing and +1.06% on the session at $4.29. A $32M insider buy by a director doubling his stake is a strong conviction signal, though the ADR price ($4.29) reflects a different share class than the NYSE-listed common at ~$17.30.
A $32M insider cluster buy where a director doubles his stake without a 10b5-1 plan is among the strongest conviction signals in Form 4 filings.
_Not applicable._
Insider purchases signal confidence but do not guarantee future performance; the director's doubling of his position could reflect personal portfolio allocation rather than non-public information.
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