Nu (NU) CRO Fragelli Saldanha Surrenders 13,496 Shares for Taxes

What Happened
Fragelli Henrique Camossa Saldanha, Chief Risk Officer of Nu Holdings Ltd. (NU), had 13,496 Class A ordinary shares disposed on July 23, 2026 to satisfy a tax obligation (transaction code F). The shares were valued at $13.39 each for a total of $180,711. This was a tax-withholding share surrender (not an open-market sale).

Key Details

• Transaction date: 2026-07-23
• Price per share: $13.39; Total value: $180,711
• Transaction type: F = payment of exercise price or tax liability (share withholding to cover taxes)
• Shares owned after transaction: Not directly reported on this Form 4; the filing disclaims beneficial ownership except for pecuniary interest (see footnote F2).
• Footnotes:
  • F1: Filing notes 949,340 Class A shares underlying unvested RSUs from prior grants (each RSU converts to one share upon vesting).
  • F2: Reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
• Filing timing: Form filed 2026-07-27 for a 2026-07-23 transaction (filed four days after the transaction). Form 4s are normally due within two business days, so this filing appears later than the typical deadline.

Context
This was a routine tax-withholding event tied to equity compensation (RSUs), where shares are surrendered to cover taxes as awards vest. Such transactions are standard and do not necessarily indicate a change in the insider’s market view; they differ from open-market sales or purchases.