Anonymous (Conselho de Administração ou Vinculado)

All filings by Anonymous (Conselho de Administração ou Vinculado) on record concern SUL America S/A. Between 1 March 2020 and 23 December 2022, the trades on record add up to 72 filings.

Both buying and selling appear: 5 purchases worth €8.8M, against 18 sales worth €19.0M. Taken together, the sales exceed the purchases by €10.3M. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Besides market trades, the filings include 1 option exercise.

In size, the median ticket on the buying side is €1.9M. None of the 5 purchases we analysed coincided with buying by another insider of the same company within 30 days.

Most recently, on 10 January 2023, the filings show a transaction in SUL America S/A. The last insider purchase was made public on 8 December 2022, 1,432 days ago. The median gap between a trade and its publication by CVM (Brazil) is 18 days. That lag is the time during which only the insider knows about the trade. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. Every figure here comes from the filings published by CVM (Brazil) and describes the past, not future prices; it is not investment advice.