Neto Olimpio Matarazzo 4

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.