$BBD · BANK BRADESCO
BANK BRADESCO Executive Officer Cintia Scovine Barcelos reported an open-market purchase of 60,093 shares at $17.98 per share, totaling $1,080,472.14. The transaction was not part of a 10b5-1 trading plan. Post-purchase, she directly owns 275,197 shares.
- Executive Officer Cintia Scovine Barcelos purchased 60,093 shares at $17.98 each, totaling $1,080,472.14.
- Post-transaction, she holds 275,197 shares directly.
- The purchase was not executed under a 10b5-1 trading plan.
- This is an open-market buy by a Section 16 officer, not a grant or option exercise.
BBD closed the regular session at $3.52 (+2.63%), but the Form 4 reports a purchase price of $17.98 — this reflects BBD's NYSE-listed ADR vs. the Brazilian-listed common shares (BBDC3 on B3), where the transaction occurred. The ADR ratio explains the price discrepancy. No direct read-through to after-hours ADR action.
A $1.08M open-market purchase by a sitting executive officer without a 10b5-1 plan is a high-conviction insider signal at a major Brazilian bank.
Brazilian bank insider buying has been sparse amid macro uncertainty; an executive officer committing over $1M of personal capital stands out.
Insider purchases are not guarantees of future performance; the officer's conviction may reflect personal circumstances rather than a signal.
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