Velez Osorno David 4

What Happened

• David Velez, Chairman and CEO of Nu Holdings Ltd. (NU), had 45,690 Class A ordinary shares disposed on April 23, 2026 to satisfy a tax liability related to equity awards. The shares were valued at $14.44 each, for a total of approximately $659,764. This transaction is reported as a tax-withholding disposition (code F), not an open-market purchase or investment sale.

Key Details

• Transaction date: 2026-04-23; Filing date: 2026-04-27.
• Price and value: 45,690 shares × $14.44 = ~$659,764.
• Transaction type: F — payment of exercise price or tax liability (shares disposed to cover taxes).
• Shares owned after transaction: not specified in this filing.
• Notable footnotes:
  • F1: Filing notes 3,480,811 Class A Ordinary Shares underlying unvested Restricted Share Units (RSUs) from prior grants; each RSU is a contingent right to one Class A share and vests with continued service.
  • F2: The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
• Timeliness: Filed four days after the transaction (Form 4s are generally due within two business days), so this filing appears later than the usual reporting window.

Context

• Dispositions coded as tax withholding are common when RSUs vest and the recipient must satisfy tax obligations; these are routine administrative transactions and do not necessarily indicate a change in the insider’s view of the company. The footnote shows a large number of unvested RSUs remain outstanding; the filing also includes a standard disclaimer about beneficial ownership.