DE FRANCA GUSTAVO SILVA

PrivateCIK: 2134175

DE FRANCA GUSTAVO SILVA enters GERDAU S.A. with 25.73K shares plus derivative instruments

Holding both equity and derivatives at entry signals strong long-term conviction in the company.

Direct Derivatives
InsiderDE FRANCA GUSTAVO SILVACIK 2134175
IssuerGERDAU S.A.CIK 1073404
Officer· Officer
Since May 2026
25.73K
Baseline shares
100% direct
25.73K
Direct ownership
1 position
61.95K
Derivative underlying
4 instruments
1
Security positions
All direct
Non-Derivative Holdings1

Preferred shares

Direct
Shares owned25.73K
Total
25.73K direct25.73K
Derivative Holdings4

Restricted Stock Units

Direct
Underlying security
Preferred shares

Underlying shares

50.22K

Shares owned

N/A

Exercise price

19.06

Expiration

Exercise window

Restricted Stock Units

Direct
Underlying security
Preferred shares

Underlying shares

4.04K

Shares owned

N/A

Exercise price

20.83

Expiration

Exercise window

Restricted Stock Units

Direct
Underlying security
Preferred shares

Underlying shares

3.57K

Shares owned

N/A

Exercise price

19.5

Expiration

Exercise window

Restricted Stock Units

Direct
Underlying security
Preferred shares

Underlying shares

4.12K

Shares owned

N/A

Exercise price

18.32

Expiration

Exercise window

Total

Underlying

61.95K

Owned

0.00

DE FRANCA GUSTAVO SILVA — Initial Ownership Disclosure (Form 3) Filed May 8, 2026 | Finecho