Neto Olimpio Matarazzo 4

What Happened

• Neto Olimpio Matarazzo, a director of Patria Investments Ltd (PAX), reported two open-market purchases totaling 30,000 Class A shares. He bought 15,000 shares on 2026-05-26 at a weighted average price of $11.31 (≈ $169,650) and 15,000 shares on 2026-05-27 at a weighted average price of $11.48 (≈ $172,200), for combined cash outlay of about $341,850. These were outright purchases (code P), which represent insider buying activity rather than sales.

Key Details

• Transaction dates and prices:
  • 2026-05-26: 15,000 shares, weighted avg $11.31 (individual trade prices ranged $11.27–$11.38) — see footnote F1.
  • 2026-05-27: 15,000 shares, weighted avg $11.48 (individual trade prices ranged $11.38–$11.53) — see footnote F2.
• Reported beneficial ownership composition (per filing footnote F4): 71,340 unvested restricted share units, 69,675 unvested matching share units, and 284,709 Class A Common Shares (totaling 425,724 in the filing’s beneficial-ownership disclosure).
• Some shares are held indirectly: footnote F3 notes holdings by Patria Holdings Ltd directly held by Olympic Bahamas Limited, an entity owned and controlled by the reporting person.
• Filing timeliness: Report lists transactions for 2026-05-26/27 and was filed 2026-05-28 — appears timely (no late-filing flag noted).

Context

• These were straightforward open-market purchases (no option exercises, gifts, or tax-withholding events). The filing’s footnotes explain that the reported prices are weighted averages across multiple executions and provide price ranges; the reporting person offers to furnish per-trade details on request.
• Insider purchases can be informative to investors as a sign of directors adding to holdings, but the filing itself is purely factual and does not state the insider’s motivation.