CEO Simoes Eduardo Chedid buys $1 million of PicS N.V. (PICS)

Simoes Eduardo Chedid, chief executive of PicS N.V., bought 87,505 shares on the open market on March 26, 2026 at an average of $11.52 a share, for a total of $1 million. The purchase was reported to the SEC on Form 4 on March 27, 2026.

It is a new position: the filing shows no shares held directly before this purchase.

2 other insiders also bought at least $10,000 of PICS within 30 days, which makes this a cluster buy.

In the 12 months up to this filing, PicS N.V. insiders reported 3 open-market purchases and 0 sales.

WallStPal Score: 67 out of 100, because of a brand-new position; a large purchase; 2 other insiders also bought; bought by a top executive.

What happened next: after 1 month the stock was up 18.6% (9.1 points better than the S&P 500); after 3 months the stock was down 8.9% (24 points worse than the S&P 500); after 6 months the stock was down 19.3% (36.7 points worse than the S&P 500). Based on weekly prices from the week of the purchase.

Our read

The first open-market purchase by Simoes Eduardo Chedid in our records. It is worth reading next to the company's own results and news before drawing conclusions.

Source: SEC Form 4 filing ↗. This story was written automatically from the filing and weekly price data. Information, not investment advice.

Examples

Big insider purchases have made news before. In January 2016, with bank stocks falling, JPMorgan Chase CEO Jamie Dimon bought 500,000 JPMorgan shares, about $26 million of his own money, and the purchase was widely reported as a sign of confidence.

Explain it like I'm 13

Simoes Eduardo Chedid helps run PicS N.V.. Spending $1 million of their own money on the company's stock is like a coach buying a big stack of tickets to their own team's games: it suggests they think the team will do well. It is not a promise, and insiders can be wrong.

More: all PICS insider trades · Simoes Eduardo Chedid's track record