$BBD · BANK BRADESCO
Director Denise Alvarez Aguiar reported a Form 4 disclosing the open-market purchase of 130,596 shares of Bank Bradesco at $17.98 per share, for a total of $2,348,116. The transaction was not executed under a 10b5-1 trading plan. Post-purchase, Aguiar directly owns 6,002,223 shares.
- Director Denise Aguiar purchased 130,596 shares at $17.98 each, totaling $2,348,116.
- Post-transaction, Aguiar holds 6,002,223 shares directly.
- The purchase was not executed under a 10b5-1 trading plan.
- Aguiar is a director (non-officer) and not a 10% owner.
Extended-hours trading shows BBD at $3.48, down 1.14% from the regular close of $3.52. The insider buy at $17.98 (ADR pricing) signals conviction, but the modest after-hours dip suggests the filing hasn't yet driven a positive reaction.
A $2.35M discretionary insider buy by a director with no 10b5-1 plan is a tangible signal of board-level conviction.
Brazilian bank insider buying is notable amid ongoing macro uncertainty and rate-cycle sensitivity in the LatAm financial sector.
Insider purchases can signal confidence but are not guarantees of future performance; the buy was discretionary (no 10b5-1 plan).
Get filings like this before the market reacts.
Real-time SEC filing alerts, AI summaries, and a free daily digest — plus portfolio tracking that ties filings to your positions.