Patria (PAX) Officer Teixeira Receives Share Awards

What Happened

• Jose Augusto Goncalves de Araujo Teixeira, an officer of Patria Investments Ltd (PAX), was credited with multiple awards/grants totaling 136,266 Class A common shares. The awards were recorded as acquisitions (transaction code A) on Aug 3 and Aug 17, 2026, each with a reported acquisition price of $0.00 (i.e., shares issued or transferred as compensation/incentive awards, not a market purchase). The Form 4 covering these transfers was filed with the SEC on Sept 3, 2026.

Key Details

• Transaction dates and amounts:
  • Aug 3, 2026: 113 shares (award) @ $0.00 (Footnote F1)
  • Aug 17, 2026: 100,231 shares (award) @ $0.00 (F3)
  • Aug 17, 2026: 18,357 performance shares (transferred) @ $0.00 (F2)
  • Aug 17, 2026: 10,951 shares from vested RSUs (transferred) @ $0.00 (F4)
  • Aug 17, 2026: 6,614 shares (award) @ $0.00 (F3)
• Total shares acquired: 136,266 shares (no cash consideration reported).
• Beneficial ownership context (per footnotes): F5 notes the reporting person beneficially owns 171,391 Class A shares plus unvested restricted share units (13,227 RSUs and 25,466 matching RSUs). F6 notes additional Class A shares are held by Patria Holdings Ltd through Kalispell, an entity owned/controlled by the reporting person.
• Notable footnotes: F2/F4 indicate some performance shares and RSUs vested on Jan 22, 2026 but were not transferred until Aug 17, 2026; F1/F3 describe bonus/incentive program settlements.
• Timeliness: The filing shows a late filing flag (L). The transactions occurred Aug 3 and Aug 17, 2026; the Form 4 was filed Sept 3, 2026, outside the usual two-business-day reporting window for Form 4s.

Context

• These were awards/settlements from Patria’s bonus and incentive programs (not open-market purchases or sales). Some awards represent performance-share awards that had previously vested but were transferred later, per the footnotes. Such award transfers typically reflect compensation or program settlements rather than a direct buy/sell signal by the insider. The late filing means market participants received disclosure later than typical regulatory windows.