Director Daniel Feffer filed a Form 4 with the SEC on August 20, 2026, reporting changes in beneficial ownership of Suzano S.A. common shares resulting from a capital reduction at Suzano Holding S.A. on August 19, 2026.

Key Highlights

  • Disposition via cancellation: 8,772,223 common shares were disposed of (transaction code J) indirectly through Suzano Holding S.A. due to a capital reduction; no purchase price was applicable.
  • Remaining indirect holdings: Following the cancellation, Suzano Holding S.A. holds 358,840,106 common shares of Suzano S.A., over which Feffer continues to share voting and dispositive power.
  • Shares received directly: Feffer acquired 408,863 common shares directly (transaction code J) pursuant to the shareholders' agreement of Suzano Holding S.A., with no purchase price or other consideration paid.
  • Direct beneficial ownership: Following the reported transactions, Feffer's direct beneficial ownership stands at 48,486,168 common shares.
  • No open-market activity: According to the filing, "The reporting person did not purchase or sell any shares" in connection with either transaction.

Capital Reduction at Suzano Holding S.A. Drives Ownership Changes for Director Feffer

According to the Form 4 filed with the SEC on August 20, 2026, Daniel Feffer, a director of Suzano S.A. (NYSE:SUZ), reported two transactions dated August 19, 2026, both coded as "J" - transactions not involving a purchase or sale in the open market. The filing identifies Feffer's address as Av Brig Faria Lima, 1355, Sao Paulo, Brazil, and notes he filed as one reporting person.

The first transaction involved a disposition of 8,772,223 common shares held indirectly through Suzano Holding S.A. The filing explains this resulted from "the cancellation of shares in connection with a capital reduction of Suzano Holding S.A." and that no transaction price was applicable. After the cancellation, Suzano Holding S.A. holds 358,840,106 Suzano S.A. common shares. The filing states that Feffer, as a party to the shareholders' agreement of Suzano Holding S.A., "continues to share voting and dispositive power over all such shares."

The second transaction involved Feffer acquiring 408,863 common shares directly, also pursuant to the shareholders' agreement of Suzano Holding S.A. The filing states that "No purchase price or other consideration was paid in connection with the acquisition." His resulting direct beneficial ownership is reported as 48,486,168 common shares. The Form 4 was signed by Victor Conde Valladares Camina as attorney-in-fact for Daniel Feffer.

What Was Disclosed

Feffer's Form 4 disclosed two non-market transactions on August 19, 2026: a cancellation of 8,772,223 indirectly held shares tied to a Suzano Holding S.A. capital reduction, and a direct receipt of 408,863 shares under the same holding company's shareholders' agreement, with no consideration paid in either case.