Director Bruno Sousa Mauad filed a Form 4 with the SEC on November 4, 2026, disclosing transactions in derivative securities of Aura Minerals Inc. (NASDAQ:AUGO) dated November 3, 2026, involving the conversion of Brazilian Depositary Receipts and a cash-settled total return swap held indirectly through Kapitalo Investimentos.

Key Highlights

  • Reporting person: Bruno Sousa Mauad, identified as a Director of Aura Minerals Inc.
  • Transaction date: November 3, 2026, involving two linked derivative transactions coded C and C/K.
  • Instrument converted: 24,651 Brazilian Depositary Receipts (BDRs), where three BDRs represent one common share of the issuer, converted to 8,217 underlying common shares per transaction.
  • Swap details: A cash-settled total return swap was entered into referencing 24,651 BDRs, with an initial price of BRL117.29 per BDR and a final valuation date of November 30, 2026, subject to early termination.
  • Derivative security price: The cash-settled total return swap is listed at a price of $21.3507; the BDR transaction is listed at $21.3379.
  • Beneficial ownership following transactions: 24,651 derivative securities (swap) and 11,414,340 BDRs, both held indirectly by Kapitalo Investimentos.
  • Disclaimer: The filing states that each reporting person disclaims beneficial ownership in the reported securities except to the extent of its pecuniary interest, if any.

Aura Minerals Director Discloses BDR Conversion and Swap Entry by Kapitalo Investimentos

According to the filing, Bruno Sousa Mauad, a director of Aura Minerals Inc. (NASDAQ:AUGO), reported two linked derivative transactions executed on November 3, 2026, through Kapitalo Investimentos, in which the entity holds the securities indirectly. Both transactions carry a transaction code of C (conversion), with the swap transaction additionally coded K.

The filing discloses that 24,651 BDRs were disposed of in a sale, and the proceeds were used to enter into a cash-settled total return swap referencing the same number of BDRs. The swap, according to the filing, entitles Kapitalo Investimentos to receive any increase in, and to pay any decrease in, the price of those 24,651 BDRs from an initial price of BRL117.29 per BDR. The final valuation date, subject to early termination by the parties, is November 30, 2026. Each group of three BDRs represents one common share of the issuer, the filing states, meaning the 24,651 BDRs correspond to 8,217 underlying common shares.

Following the reported transactions, the filing indicates that Kapitalo Investimentos beneficially owns 24,651 derivative securities under the swap and 11,414,340 BDRs, all held indirectly. No direct holdings in Table I (non-derivative securities) were reported. The filing was signed by Bruno Sousa Mauad on November 4, 2026.

What Was Disclosed

This Form 4 covers two November 3, 2026 derivative transactions by Director Bruno Sousa Mauad, disclosing a conversion of 24,651 BDRs and the simultaneous entry into a cash-settled total return swap referencing the same BDRs, both held indirectly through Kapitalo Investimentos.