Alvarez-Demalde Francisco 4

What Happened Francisco Alvarez-Demalde, a director of VTEX (NYSE: VTEX), converted restricted stock units (RSUs) into a total of 2,028 shares of Class A common stock on April 1, 2026. The filing shows two conversions of 971 and 1,057 shares each; each conversion is recorded both as an acquisition (conversion into shares) and a disposition (transfer of the underlying shares/derivative). No per-share price or cash value is reported (listed as N/A). These transactions reflect settlement/transfer of RSUs rather than an open-market buy or sale.

Key Details

• Transaction date: 2026-04-01 (filed 2026-04-02).
• Shares converted: 971 and 1,057 (total 2,028 shares); price/value: N/A.
• Reported as conversion of derivative securities (RSUs) with matching acquisition and disposition entries.
• Shares are held for the benefit of Riverwood Capital GP II Ltd. and/or affiliates; Alvarez-Demalde disclaims beneficial ownership except for any pecuniary interest (see footnote F2).
• Vesting info: these are RSUs — one grant had 8.33% vested on Oct 1, 2024 and the other had 8.33% vested on Oct 1, 2025, with remaining amounts vesting in 8.33% tranches every three months thereafter (footnotes F3–F4).
• Filing notes VTEX’s status as a foreign private issuer; transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act.
• Shares owned after the transaction are not reported in the items provided in this summary.

Context This was a conversion/settlement of RSUs and subsequent transfer to Riverwood (not an open‑market purchase or a cash sale). Such derivative-to-share conversions are typically administrative/compensation or settlement actions and do not by themselves indicate insider buying or selling sentiment. The filing was submitted the day after the transaction date and includes the foreign private issuer exemption disclosure.