$BBD · BANK BRADESCO
Bradesco director Paulo Roberto Simoes da Cunha reported a discretionary open-market purchase of 46,874 shares at $17.98 per share, totaling $842,794.52. Post-transaction, he directly owns 264,605 shares.
- Director Paulo Roberto Simoes da Cunha purchased 46,874 shares at $17.98 each, totaling $842,794.52.
- Post-transaction, da Cunha holds 264,605 shares directly.
- The purchase was not executed under a 10b5-1 trading plan — it was a discretionary open-market buy.
- This is a Form 4 filing, indicating the insider is a director (non-officer) with no 10% ownership stake.
BBD closed the regular session at $3.52, up 2.63%. The filing price of $17.98 reflects the NYSE-listed ADR equivalent; the modest -0.28% drift since filing time suggests no adverse reaction to the insider buy disclosure.
A near-$843K discretionary buy by a board director at a major Brazilian bank is a tangible confidence signal worth tracking.
Brazilian bank insider buying has been sparse amid macro uncertainty; a director-level open-market purchase of this size stands out in the LatAm financials space.
Insider purchases can signal confidence but are not infallible — directors may lack full visibility into near-term operational headwinds.
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