Banco Bradesco Chief Risk Officer Buys $1.1 Million Worth of Shares
Vinicius Urias Favarao, the Chief Risk Officer and Chief of Staff at Banco Bradesco S.A., purchased 60,492 shares for approximately $1.1 million according to a recent SEC Form 4 filing. The transaction increased his direct holdings in the company from around 271,191 shares to 341,683 shares as of September 18, 2026. The purchase was made at an average price of $17.98 per share, significantly higher than the market close price on that day ($3.43). As of September 21, 2026, his stake is valued at approximately $1.2 million with shares priced at $3.52 each. Favarao's purchase represents a small but notable portion (0.0032%) of the company’s total outstanding shares. The transaction has been viewed as bullish by some analysts due to its size and timing, especially given Favarao’s deep experience in Brazil’s financial sector.
