do Carmo Thomaz Junior Geraldo 4

What Happened

• do Carmo Thomaz Junior Geraldo, CEO of VTEX (NYSE: VTEX), reported the conversion of derivative securities on June 24, 2026. The filing shows a conversion/acquisition of 1,000,000 shares at $0.00 (code C) and a corresponding disposition of 1,000,000 shares at $0.00 as a derivative conversion. Total cash exchanged: $0. This reflects a conversion of Class B shares into Class A common shares rather than an open-market buy or sale.

Key Details

• Transaction date: 2026-06-24; Form 4 filed: 2026-06-26.
• Reported entries: +1,000,000 shares (conversion/acquisition, $0.00) and -1,000,000 shares (disposition as derivative, $0.00).
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes:
  • F1: Each Class B share is convertible into one Class A share at any time; automatic conversion occurs on transfer to non-permitted transferees.
  • F2: These Class B shares were previously reported in Table I and are now being reported in Table II (reclassification).
• Timeliness: filing occurred two days after the transaction; no late filing flag indicated.
• Exemption note: As a foreign private issuer, VTEX’s insider transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act (per the filing remarks).

Context

• This was a technical conversion of Class B into Class A shares (derivative-to-common conversion) rather than an outright market purchase or sale. Conversions at $0 are typical when one class of shares converts into another under governing terms and do not necessarily signal a buy/sell decision by the insider. The filing’s exemption for foreign private issuers means certain short-swing profit rules do not apply.