Gerdau (GGBR3) cancels 277,6 thousand common shares

Gerdau (GGBR3) reported that the board of directors approved, in a meeting held on Monday, October 26, 2026, the cancellation of 277,600 common shares issued by the company, with no par value and without reducing the company’s capital stock.

After the cancellation, Gerdau’s capital stock came to be divided into 716,698,119 common shares and 1,261,042,330 preferred shares, all without par value. The amendment to article 4 of the bylaws, to reflect the new number of shares, will be resolved at a general meeting to be called in due course.

The management also emphasized that the current share buyback program, disclosed in a material fact on February 23, 2026, remains in effect.