Gomide de Faria Mariano 4
4 · VTEX · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
VTEX CEO Gomide de Faria Mariano Sells 4,808 Shares
What Happened
Gomide de Faria Mariano, CEO of VTEX (NYSE: VTEX), reported a small open-market sale and a conversion of Class B shares. On May 7, 2026 he sold 4,808 shares at a weighted-average price of $4.01 for total proceeds of about $19,280. On April 29, 2026 he converted 125,000 Issuer Class B Common Shares into Class A Common Shares (conversion reported at $0).
Key Details
- Transaction dates: conversion recorded Apr 29, 2026; open-market sale executed May 7, 2026.
- Sale price/size: 4,808 shares sold at a weighted average of $4.01 (range $4.00–$4.02), total ≈ $19,280.
- Conversion: 125,000 Class B → Class A shares reported as acquired via conversion (no cash payable). A matching derivative “disposed” entry reflects reporting reclassification.
- Plan/authorization: the May 7 sale was effected under a Rule 10b5-1 trading plan adopted Oct 11, 2025.
- Post-transaction holdings: not specified in the filing.
- Reporting/Filing: Form filed May 11, 2026 covering the Apr 29, 2026 period; VTEX is a foreign private issuer so the reporting person’s transactions are exempt from Sections 16(b) and 16(c).
Context
The conversion of Class B to Class A is a mechanical, non‑cash corporate share conversion (Class B shares are convertible 1:1 into Class A). The open-market sale was small in size and executed under a pre-established 10b5-1 plan, which typically schedules routine sales; such sales are generally considered routine rather than a direct signal of insider sentiment.
Insider Transaction Report
- Conversion
Class A Common Shares
[F1]2026-04-29+125,000→ 147,009 total(indirect: By IRA) - Sale
Class A Common Shares
[F2][F3]2026-05-07$4.01/sh−4,808$19,280→ 142,201 total(indirect: By IRA) - Conversion
Class B Common Shares
[F4][F1]2026-04-29−125,000→ 2,059,313 total(indirect: By IRA)→ Class A Common Shares (125,000 underlying)
- 579,813
Class A Common Shares
- 14,100(indirect: By Class M)
Class A Common Shares
- 32,153,276(indirect: By Abrolhos One Limited)
Class B Common Shares
[F4][F1]→ Class A Common Shares (32,153,276 underlying)
Footnotes (4)
- [F1]Each Issuer Class B Common Share is convertible at any time by the holder into one Issuer Class A Common Share. Each Class B Common Share automatically converts into one Class A Common Share upon transfer to a recipient that is not a permitted transferee.
- [F2]Represents sales effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person on October 11, 2025.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from USD $4.00 to USD $4.02, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F4]These Class B Common Shares were previously reported in Table I and are now being reported in Table II.