Carlos Alberto Sicupira

Filings by Carlos Alberto Sicupira span 2 companies, the busiest being Restaurant Brands International Inc. and Burger King Worldwide, Inc. Between 20 June 2012 and 30 December 2021, the trades on record add up to 18 filings.

Market trades split into 3 purchases (€24.9M) and 2 sales (€1.4M). Netting one side against the other leaves €23.5M of net buying. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. The rest of the record consists of 11 share grants and 1 option exercise.

In size, the median ticket on the buying side is €3.8M. For 3 purchases whose 90-day window has closed, the share price was higher on day 90 than the day after publication in 33% of cases, with a median move of -13.6%. Past outcomes like these are no guarantee of what comes next.

The record was last updated on 4 January 2022 with a share grant in Restaurant Brands International Inc. The clock since the last published purchase (15 December 2015) now reads 3,981 days. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 4 days. The legal deadline for a Form 4 is two business days after the transaction. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.