BrasilAgro Director Alejandro Elsztain Acquires 54,000 ADRs Over Four Days

This Form 4 filing reports that Alejandro Gustavo Elsztain, a director of BrasilAgro - Brazilian Agricultural Real Estate Co, acquired 54,000 American Depositary Receipts (ADRs) over four consecutive days from May 19-22, 2026. The purchases occurred at prices ranging from $3.7402 to $3.8212 per ADR, with consistent daily acquisitions of 13,500 ADRs. Following these transactions, Elsztain's total ownership increased to 612,370 ADRs. The filing indicates these are direct purchases (transaction code "P") and the acquisitions were made in open market transactions. As a director, Elsztain is required to report these transactions under Section 16 of the Securities Exchange Act. The consistent pattern of purchases suggests ongoing accumulation of BrasilAgro shares by the director.