Velez Osorno David 4

What Happened

• David Velez Osorno, listed as a 10% owner of Nu Holdings (NU), disposed of 45,690 Class A ordinary shares on 2026-07-23 at $13.39 per share for a total of approximately $611,789. The reported transaction type (code F) indicates the shares were used to satisfy a tax liability (withholding) related to equity compensation.

Key Details

• Transaction date and price: 2026-07-23 — 45,690 shares at $13.39 each.
• Transaction value: ~$611,789.
• Filing date / timeliness: Form 4 filed 2026-07-27; filing appears timely (filed within required business days).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: The filing notes 3,100,064 Class A shares underlying unvested RSUs from prior grants (each RSU converts to one share upon vesting and is subject to continued service).
  • F2: The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
• Transaction code meaning: F = payment of exercise price or tax liability (commonly a share withholding/sale to cover taxes on vesting).

Context

• This was a tax-withholding disposal tied to equity compensation (not an open-market investment sale). Such actions are routine when shares vest and taxes are due; they do not necessarily indicate a change in the insider’s view of the company’s stock.