Bank of America lifts Gerdau stake to 5.07%

Bank of America lifted its stake in Gerdau to 5.07% on Aug. 20, 2026, triggering a CVM 5% disclosure.

• Holding totals 63,970,174 preferred shares (GGBR4) out of 1,261,042,330 shares outstanding.
• Cash-settled derivative exposure was 223,569 shares, equal to 0.02% of outstanding shares.
• Bank of America said it does not seek changes in control or management.