Johannpeter Guilherme Chagas Gerdau 4

What Happened Johannpeter Guilherme Chagas Gerdau, Vice‑Chairman of Gerdau S.A. (ticker: GGB), disposed of 85,607 shares on March 20, 2026 in an open‑market or private sale. The reported per‑share price converted to US dollars was $3.29, for a total proceeds value of approximately $281,647 (conversion from Brazilian reais at R$5.2800 = US$1.00).

Key Details

• Transaction date: 2026-03-20; Form 4 filed: 2026-03-24 (filed within the typical 2 business‑day window).
• Transaction type: Sale (S) — open market or private sale as reported.
• Shares sold: 85,607 at $3.29 per share (USD equivalent); total ≈ $281,647.
• Currency/translation: Price was denominated in Brazilian reais and translated at R$5.2800 per US$1.00 (footnote F1).
• Shares owned after transaction: Not specified in the filing.
• Other footnotes: The filing lists restricted stock units vesting on Feb 12 of 2027, 2028 and 2029 (F3–F5). The reporting person has indirect interests through a chain of entities (Frepar, INDAC, Acoter, Grupo Gerdau Empreendimentos) and disclaims beneficial ownership except to the extent of pecuniary interest (see remarks/F2).

Context This report documents a routine insider sale rather than a purchase; sales are common and do not by themselves indicate company prospects. The filing includes a detailed ownership/disclaimer chain showing the reporting person’s indirect interests in controlling entities; such ownership notes are informational and reflect complex corporate holdings rather than direct, personal share ownership.