Fragelli Henrique Camossa Saldanha 4

What Happened
Fragelli Henrique Camossa Saldanha, Chief Risk Officer of Nu Holdings Ltd. (NU), exercised/converted derivative awards on April 8, 2026. He acquired 1,767,000 shares at $0.29 each (cost $515,787) and 594,450 shares at $0.43 each (cost $254,603), for a total cash outlay of $770,390 to acquire 2,361,450 Class A ordinary shares. The filing also shows corresponding dispositions of the derivative instruments at $0.00, reflecting conversion/termination of those derivative awards upon exercise.

Key Details

• Transaction date: 2026-04-08; Form 4 filed 2026-04-10 (within the two-business-day reporting window).
• Prices and amounts exercised: 1,767,000 shares @ $0.29 ($515,787) and 594,450 shares @ $0.43 ($254,603); total acquired = 2,361,450 shares for $770,390.
• Dispositions: same derivative amounts reported as disposed at $0.00 (represents conversion/termination of the derivative instruments). Transaction code M = exercise/conversion of derivative.
• Shares owned after transaction: the filing does not state a single total in the summary provided here; it notes 1,036,545 unvested Restricted Share Units (RSUs) are included in the reported ownership figure. Each RSU vests only with continued service.
• No sale of shares was reported in this filing (this was an exercise/acquisition, not an immediate sale).

Context: This was an option/derivative exercise (cash-paid at the exercise prices shown), not a gift or open-market sale. The filing includes a footnote that 1,036,545 RSUs are unvested and contingent on continued service. Exercises like this convert derivative awards into actual shares; they do not by themselves indicate future buy/sell intentions.