$BBD · BANK BRADESCO
Bradesco director Nunes Regina Helena Jorge reported an open-market purchase of 31,266 shares at $17.98 per share, totaling $562,162.68. The transaction represents her first equity position in the bank, with post-transaction ownership of exactly 31,266 shares. No 10b5-1 plan was used.
- Director Nunes Regina Helena Jorge acquired 31,266 shares at $17.98 per share, totaling $562,162.68.
- Post-transaction ownership stands at exactly 31,266 shares — indicating this is her first equity stake.
- The purchase was executed on the open market (transaction code P), not via option exercise or grant.
- No 10b5-1 trading plan was in place; this was a discretionary buy.
- The insider is a board director, not a Section 16 officer.
Stock is down 0.85% since filing at $3.50. The ADR price in the Form 4 ($17.98) reflects the NYSE-listed ADR, while the $3.50 current price appears to be the common share equivalent — the buy signal hasn't translated to positive price action.
A first-time, half-million-dollar discretionary buy by a board director is a tangible confidence signal, especially at a $37B Brazilian bank where insider buying has been rare.
Brazilian bank insider buying has been sparse amid macro headwinds; a director establishing a new position stands out.
Director purchases can signal confidence but are not guarantees; the absence of prior holdings means limited track record to assess this insider's timing.
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