$BBD · BANK BRADESCO
Bradesco Executive Officer Andre Luis Duarte reported a discretionary open-market purchase of 309,111 shares at $17.98 per share, totaling $5,557,815.78. The transaction was not executed under a 10b5-1 trading plan. Post-purchase, Duarte owns 553,173 shares.
- Executive Officer Andre Luis Duarte purchased 309,111 shares at $17.98 each, totaling $5,557,815.78.
- No 10b5-1 plan was used — this was a discretionary open-market purchase.
- Post-transaction, Duarte holds 553,173 shares, more than doubling his prior position.
- Duarte is an Executive Officer (not a director or 10% owner), making this a direct insider conviction signal.
Stock is +2.63% in the regular session at $3.52 (ADR). The $17.98 filing price reflects the NYSE-listed ADR; the $5.56M outlay is a large personal commitment from a senior executive, which typically supports near-term sentiment.
A $5.56M discretionary buy by a senior executive without a 10b5-1 plan is a high-conviction insider signal, especially at a top-3 Brazilian bank.
Brazilian bank insider buying is relatively rare at this scale; Bradesco peers Itaú and Banco do Brasil have seen mixed insider activity recently.
Insider purchases signal confidence but do not guarantee future performance; macro conditions in Brazil remain a key external risk for Bradesco.
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