$BBD · BANK BRADESCO
Director Denise Aguiar Alvarez filed a Form 4 reporting the purchase of 345,000 shares of Bank Bradesco across 11 transactions, totaling $5,757,279.07 at prices between $16.62 and $16.74 per share. No shares were sold. Post-transaction ownership stands at 6,394,984 shares.
- Director Denise Aguiar Alvarez purchased 345,000 shares for $5,757,279.07 total across 11 separate transactions.
- Prices ranged from $16.62 to $16.74 per share, with no sales or dispositions reported.
- Post-transaction, Alvarez holds 6,394,984 shares directly.
- No 10b5-1 plan was used — purchases were discretionary.
- The insider is a director (non-officer) and not a 10% owner.
BBD is up +19.18% today to $4.35, but the Form 4 purchase prices ($16.62–$16.74) are far above the current NYSE-listed ADR price, suggesting these buys occurred on the Brazilian exchange (B3: BBDC4) where the stock trades at a different nominal price. The filing itself has had no incremental price impact.
A $5.76M cluster buy by a sitting director with no 10b5-1 plan is a strong conviction signal, especially at a major Brazilian bank.
_Not applicable._
Insider purchases signal confidence but are not guarantees of future performance; the director may have non-public information that informed the timing.
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