Sodre Ricardo 4

What Happened

• Sodre Ricardo, Chief Financial Officer of VTEX (NYSE: VTEX), reported conversions of restricted stock units (RSUs) into a total of 10,010 shares on May 29, 2026. The Form 4 shows four derivative-conversion entries: two acquisitions of 5,005 shares each and two disposals of 5,005 shares each (all reported as conversion of derivative security, code C). No cash prices or dollar values are reported for these conversions (price listed as N/A).

Key Details

• Transaction date: May 29, 2026. Form filed: June 2, 2026 (Accession 0001193125-26-254207). Period of report: May 29, 2026.
• Reported activity: Acquired 10,010 shares (two entries of 5,005) and disposed 10,010 shares (two entries of 5,005). All entries are shown as conversions of derivative securities (code C).
• Price/Value: N/A for conversion entries — these reflect settlement of RSUs rather than an open-market trade.
• Shares owned after transaction: not specified in the provided filing data.
• Footnotes: F1 clarifies each RSU converts one-for-one into Class A common stock. F2 and F3 describe vesting schedules: one grant had 25% vested Nov 1, 2024 with remaining vesting in 6.25% quarterly tranches; the other had 25% vested Nov 1, 2025 with the same quarterly vesting pattern.
• Regulatory note: The filing states VTEX is a foreign private issuer under Rule 3a12-3(b); transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act. The filing does not indicate a late report.

Context

• These entries reflect RSU settlements (derivative conversions) rather than open-market purchases or standard option exercises. The filing reports both acquisition (settlement) and matching disposals; filings of this type often include disposals to satisfy tax withholding or broker-related settlement, but this specific filing does not state the reason for the disposals.