Director David Feffer filed a Form 4 with the SEC on August 20, 2026, reporting changes in beneficial ownership of common shares of Suzano S.A. (NYSE:SUZ) stemming from a capital reduction at Suzano Holding S.A. and a share receipt under a shareholders' agreement, both dated August 19, 2026.

Key Highlights

  • Capital reduction disposition: 8,772,223 common shares were disposed of (transaction code J) indirectly through Suzano Holding S.A. on August 19, 2026, due to the cancellation of shares in connection with a capital reduction of Suzano Holding S.A.
  • No sale price applicable: According to the filing, no transaction price applied to the disposition because it resulted from a share cancellation, not a purchase or sale.
  • Remaining indirect holdings: Following the reported transaction, Suzano Holding S.A. holds 358,840,106 common shares of Suzano S.A., over which Feffer continues to share voting and dispositive power as a party to the shareholders' agreement.
  • Direct share acquisition: Feffer received 554,210 common shares directly (transaction code J, acquired) pursuant to the shareholders' agreement of Suzano Holding S.A., with no purchase price or other consideration paid.
  • Direct beneficial ownership following transactions: Feffer's direct beneficial ownership stands at 54,077,080 common shares following the reported transactions.
  • Reporting person did not buy or sell: The filing states explicitly that "the reporting person did not purchase or sell any shares" in connection with either reported transaction.

David Feffer's Ownership Changes at Suzano S.A. Tied to Holding Company Capital Reduction

According to the Form 4 filed on August 20, 2026, David Feffer, identified as a director of Suzano S.A. (NYSE:SUZ), reported two changes in his beneficial ownership of the company's common shares, both with a transaction date of August 19, 2026. The filing was signed by Victor Conde Valladares Camina as attorney-in-fact for David Feffer.

The first transaction reflects an indirect disposition of 8,772,223 common shares held through Suzano Holding S.A. The filing explains that this disposition resulted from the cancellation of shares in connection with a capital reduction of Suzano Holding S.A., and that no transaction price was applicable. Following this cancellation, Suzano Holding S.A. holds 358,840,106 common shares of Suzano S.A. 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 reflects a direct acquisition of 554,210 common shares by Feffer, received pursuant to the shareholders' agreement of Suzano Holding S.A. The filing notes that "no purchase price or other consideration was paid in connection with the acquisition." Following this receipt, Feffer's direct beneficial ownership is reported as 54,077,080 common shares. The foreign trading symbol listed in the filing is SUZB3.

What Was Disclosed

The filing discloses two Form 4 transactions by Suzano S.A. director David Feffer on August 19, 2026: an indirect disposition of 8,772,223 shares via a capital reduction at Suzano Holding S.A., and a direct acquisition of 554,210 shares under a shareholders' agreement, with no money exchanged in either transaction.