Scannapieco Alejandro Raul 4

What Happened

• Alejandro Raúl Scannapieco, a director of VTEX (NYSE: VTEX), exercised stock options and sold shares on May 22, 2026. He exercised 15,937 options at $3.55 per share (cost $56,576) and immediately sold those 15,937 shares in the open market at $3.59 per share (proceeds $57,214), a gross difference of about $638. The filing also reports an additional exercise/derivative disposition of 15,367 options (reported with $0 proceeds).

Key Details

• Transaction date: May 22, 2026; Form 4 filed May 27, 2026 (timely within the SEC two-business-day window given the holiday/weekend).
• Exercise details: 15,937 shares acquired at $3.55 (total $56,576) and sold same day at $3.59 (total $57,214).
• Additional derivative line: 15,367 options reported as exercised/ disposed with $0 proceeds (reported as a derivative transaction).
• Shares owned after the transactions: not specified in the provided filing summary.
• Footnote: the stock options were fully vested; the exercise window was extended by 30 days on May 1, 2026.
• Regulatory note: VTEX is a foreign private issuer; the filing states the reported transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act (short-swing profit recovery).

Context

• This appears to be a cashless-style exercise with an immediate open-market sale of the exercised shares — common for insiders to realize option value or cover exercise costs and taxes. The monetary scale is modest (≈$57K gross proceeds, ≈$638 difference between exercise cost and sale proceeds). As with all insider filings, this is factual disclosure of activity and not a statement of the insider’s view on the company.