Neto Olimpio Matarazzo 4
4 · Patria Investments Ltd · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Patria (PAX) Director Neto Olimpio Matarazzo Buys 45,000 Shares
What Happened
Neto Olimpio Matarazzo, a director of Patria Investments Ltd (PAX), acquired a total of 45,000 Class A common shares in three open-market purchases between May 15 and May 21, 2026. The transactions were: 15,000 shares on 2026-05-15 at an average $11.40 ($171,000); 15,000 shares on 2026-05-20 at an average $10.99 ($164,850); and 15,000 shares on 2026-05-21 at an average $11.14 ($167,100). Total cash outlay across these purchases was $502,950. These were purchases (code P), which are informational to investors as insider buying.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-05-15: 15,000 shares at $11.40 (weighted avg; actual trades ranged $11.32–$11.44) — $171,000 (see footnote F1)
- 2026-05-20: 15,000 shares at $10.99 (weighted avg; range $10.84–$11.09) — $164,850 (F2)
- 2026-05-21: 15,000 shares at $11.14 (weighted avg; range $11.08–$11.16) — $167,100 (F3)
- Total purchased: 45,000 shares for $502,950 (average ~$11.18/share).
- Shares owned after transaction (per filing footnote F4): 284,709 Class A common shares plus 71,340 unvested restricted share units and 69,675 unvested matching share units.
- Additional beneficial ownership note (F5): Some Class A shares are held by Patria Holdings Limited via Olympic Bahamas Limited, an entity owned/controlled by the reporting person.
- Filing/timing: Form filed 2026-05-22 covering trades through 2026-05-21. No indication in the filing of a 10b5-1 plan or late filing flag.
Context
These entries are straightforward open-market purchases by a company director. Purchases by insiders can be interpreted by some investors as a positive signal, but the filing contains no statement of intent or trading plan. The footnotes clarify that reported prices are weighted averages across multiple trades and that the filer can provide detailed per-trade prices on request.
Insider Transaction Report
- Purchase
Class A Common Shares
[F1][F5]2026-05-15$11.40/sh+15,000$171,000→ 15,000 total(indirect: See Footnote) - Purchase
Class A Common Shares
[F2][F5]2026-05-20$10.99/sh+15,000$164,850→ 30,000 total(indirect: See Footnote) - Purchase
Class A Common Shares
[F3][F5]2026-05-21$11.14/sh+15,000$167,100→ 45,000 total(indirect: See Footnote)
- 425,724
Class A Common Shares
[F4]
Footnotes (5)
- [F1]The price reported in Column 4 is a weighted average price. These Class A Common Shares were purchased in multiple transactions at prices ranging from $11.32 to $11.44, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.
- [F2]The price reported in Column 4 is a weighted average price. These Class A Common Shares were purchased in multiple transactions at prices ranging from $10.84 to $11.09, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (2) to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These Class A Common Shares were purchased in multiple transactions at prices ranging from $11.08 to $11.16, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (3) to this Form 4.
- [F4]Consists of 71,340 unvested restricted share units, 69,675 unvested share units pursuant to the Issuer's matching share program, and 284,709 Class A Common Shares owned by the Reporting Person.
- [F5]Represents Class A Common Shares beneficially owned by Patria Holdings Limited, which were purchased and are directly held by Olympic Bahamas Limited, an entity owned and controlled by the Reporting Person.