Fouilland Benoit 4

What Happened

• Benoit Fouilland, a director of VTEX (NYSE: VTEX), exercised in‑the‑money stock options on June 3, 2026. He acquired 182,000 shares at an exercise price of $3.55 per share, for a cash outlay of $646,100.
• The Form 4 also reports a simultaneous disposition of a derivative instrument covering 182,000 shares at $0.00 — this reflects the termination/disposition of the option instrument on exercise (i.e., the derivative was converted/terminated when the options were exercised).

Key Details

• Transaction date: 2026-06-03; Filing date (Form 4): 2026-06-05 (appears timely).
• Exercise price / acquisition: $3.55 per share; total paid = $646,100 for 182,000 shares.
• Disposition entry: 182,000 shares reported as disposed (derivative) at $0.00.
• Footnote: F1 — the stock options exercised were fully vested.
• Shares owned after transaction: not specified in the provided filing summary.
• Regulatory note: VTEX is a foreign private issuer; transactions are exempt from Sections 16(b) and 16(c) under the Exchange Act (as disclosed in the Form 4).

Context

• This was an option exercise (code M): the holder paid the exercise price to acquire shares. The concurrent reporting of a disposed derivative is a standard reporting detail when options are terminated on exercise rather than an open‑market sale of acquired shares.
• Exercises are a purchase of company stock (different from an outright market buy); while purchases can be informative to investors, filings do not state the insider’s motivation.