Mazzucchelli Silvia 4

What Happened

• Silvia Mazzucchelli, a director of VTEX (NYSE: VTEX), reported conversions of restricted stock units (RSUs) into Class A common shares on April 1, 2026. The filing shows conversions (derivative security code C) for 971 shares and 1,057 shares (total 2,028 shares) as acquisitions, and matching entries as dispositions of derivative securities. No per-share price or total dollar value is reported (N/A).

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (timely filing).
• Shares converted/acquired: 971 and 1,057 (total 2,028). Matching dispositions of the derivative securities also reported.
• Reported price/value: N/A — the filing does not list a per-share price or total value, so monetary amount cannot be calculated from this Form 4.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1–F3 indicate these are RSUs convertible one-for-one into Class A shares with staged vesting (8.33% vested Oct 1, 2024; another series vested Oct 1, 2025; remaining amounts vest in 8.33% tranches every three months thereafter).
• Exemption note: VTEX is a foreign private issuer; the filing notes the issuer’s transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act.

Context

• These entries reflect conversion/settlement of RSUs (derivative securities). The filing shows both acquisition by conversion and disposition of derivative securities; filings of this form do not always state the reason for disposition (e.g., sale, tax withholding, or net settlement) and do not by themselves indicate the insider’s market view.
• Because no price/value is reported, retail investors cannot determine the dollar amount involved from this Form 4 alone.