Gomide de Faria Mariano 4

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.