A Form 4 filed on September 16, 2026 reports that Bruno Sousa Mauad, a director of Aura Minerals Inc. (NASDAQ:AUGO), converted Brazilian Depositary Receipts into common shares on September 15, 2026, through transactions held indirectly by Kapitalo Investimentos.

Key Highlights

  • Reporting person: Bruno Sousa Mauad, identified as a director of Aura Minerals Inc.
  • Two conversion transactions: 2,000 common shares acquired at a weighted average price of $84.0227, and 1,000 common shares acquired at a weighted average price of $85.4394, both on September 15, 2026.
  • BDR disposals: 9,000 Brazilian Depositary Receipts sold on September 15, 2026 at a weighted average price of $28.0447 per BDR (equivalent to R$144.40 BRL, converted using Banco Central do Brasil's rate as of September 15, 2026).
  • Post-transaction ownership: 80,040 common shares held indirectly by Kapitalo Investimentos, following the reported transactions.
  • Source of funds: According to the filing, proceeds from BDR sales were used to purchase the equivalent number of common shares, "effectively converting the interest in BDRs to an equivalent interest in common shares."
  • BDR conversion ratio: The filing states three BDRs represent one common share of the issuer.

Aura Minerals Director Reports BDR-to-Common-Share Conversion via Kapitalo Investimentos

According to the Form 4 filed with the SEC, Bruno Sousa Mauad, a director of Aura Minerals Inc., reported two transactions on September 15, 2026 in which common shares were acquired using transaction code "C," indicating a conversion. In the first, 2,000 common shares were acquired at a weighted average price of $84.0227, with individual transaction prices ranging from $83.60 to $84.29, inclusive. In the second, 1,000 common shares were acquired at a weighted average price of $85.4394, with prices ranging from $85.38 to $85.50, inclusive. All holdings are reported as indirect, held by Kapitalo Investimentos.

The filing also reports the disposal of 9,000 Brazilian Depositary Receipts on the same date, using transaction code "C." The weighted average sale price was $28.0447 per BDR, with individual prices ranging from $27.87 to $28.32, inclusive. The filing notes the weighted average price in Brazilian reais was R$144.40 BRL per BDR, converted to U.S. dollars using the Banco Central do Brasil's conversion rate as of September 15, 2026. Following these BDR disposals, 13,174,941 BDRs remained held indirectly by Kapitalo Investimentos.

The filing further discloses that a separate purchase of 3,000 BDRs was also made on September 15, 2026, using transaction code "P," at a price of $28.2501 per BDR, representing 1,000 underlying common shares. The filing includes a disclaimer stating that the reporting person "disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein."

What Was Disclosed

The filing reported a director's conversion of Brazilian Depositary Receipts into common shares of Aura Minerals Inc. on September 15, 2026, with all positions held indirectly through Kapitalo Investimentos, resulting in 80,040 common shares beneficially owned following the transactions.