Alvarez-Demalde Francisco 4

4 · VTEX · Filed Jul 6, 2026

AI-generated summary of this filing

Updated Jul 6, 2026

VTEX Director Francisco Alvarez‑Demalde Receives RSU Awards

What Happened

Francisco Alvarez‑Demalde, a director of VTEX (NYSE: VTEX), reported derivative-related transactions on July 1, 2026. The filing shows conversion of derivative securities (RSUs) into 2,029 shares (972 + 1,057) and the acquisition/recording of two RSU awards of 31,439 shares each (totaling 62,878 RSUs). All transactions are reported at $0 per share, reflecting awards/settlements rather than open‑market trades.
The filings include both conversion (code C) and other acquisition (code J) entries; footnotes indicate these are Restricted Stock Units (RSUs) and include new grants dated July 1, 2026. A separate footnote also references stock options granted on July 1, 2026 with a standard vesting schedule.

Key Details

Transaction date: July 1, 2026. Reported prices: $0.00 per share (award/settlement), with conversion entries showing $0 as well.
Share counts reported: conversions of 972 and 1,057 shares (total 2,029) and two acquisitions of 31,439 RSUs each (total 62,878 RSUs).
Shares owned after transaction: not specified in the provided excerpt.
Vesting/award notes: RSUs vest in tranches (8.33% initial tranche on listed dates, then 8.33% every three months per footnotes F3–F5). Stock options granted on July 1, 2026 vest similarly (F6).
Holds/beneficial ownership: the securities tied to some entries are held for the benefit of Riverwood Capital GP II Ltd. and affiliates; Mr. Alvarez‑Demalde disclaims beneficial ownership except to the extent of any pecuniary interest (F2).
Timing/filing: no late filing flag shown. As a foreign private issuer, VTEX’s insiders are exempt from Sections 16(b) and 16(c) of the Exchange Act (remark).

Context

These entries reflect awards and RSU settlements (derivative conversions), not open‑market purchases or sales — transactions at $0 indicate grant/settlement rather than cash transactions.
Because the reported securities are held for Riverwood and the reporting person disclaims beneficial ownership, this filing may reflect institutional holdings/administration rather than personal trading by the director.
Awards and option grants commonly follow company compensation plans and do not by themselves imply a bullish or bearish view; they are part of long‑term compensation and subject to vesting schedules.

Form 4

Period: 2026-07-01

VTEXNYSE: VTEX

Director

Transactions

Conversion
Class A Common Shares
[F1][F2]
2026-07-01+972→ 10,937 total
Conversion
Class A Common Shares
[F1][F2]
2026-07-01+1,057→ 11,994 total
Conversion
Restricted Stock Unit
[F1][F3][F2]
2026-07-01−972→ 3,886 total
→ Class A Common Shares (972 underlying)
Conversion
Restricted Stock Unit
[F1][F4][F2]
2026-07-01−1,057→ 8,463 total
→ Class A Common Shares (1,057 underlying)
Other
Restricted Stock Unit
[F1][F5][F2]
2026-07-01+31,439→ 31,439 total
→ Class A Common Shares (31,439 underlying)
Other
Stock Options
[F6][F2]
2026-07-01+31,439→ 31,439 total
Exercise: $4.18Exp: 2030-07-01→ Class A Common Shares (31,439 underlying)

Footnotes (6)

[F1]Each Restricted Stock Unit ("RSUs") represents a contingent right to receive shares of Issuer Class A common stock on a one-for-one basis.
[F2]These securities are held by Mr. Alvarez-Demalde for the benefit of Riverwood Capital GP II Ltd. and/or certain of its affiliates (collectively, "Riverwood"). Mr. Alvarez-Demalde is obligated to transfer the underlying shares upon settlement or any proceeds from the sale thereof as directed by Riverwood. Mr. Alvarez-Demalde disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities by Mr. Alvarez-Demalde for purposes of Section 16 or any other purposes.
[F3]Represents RSUs, 8.33% of which vested on October 1, 2024, and the remaining amount of which vests in tranches of 8.33% every three (3) months thereafter.
[F4]Represents RSUs, 8.33% of which vested on October 1, 2025, and the remaining amount of which vests in tranches of 8.33% every three (3) months thereafter.
[F5]Represents RSUs granted on July 1, 2026, of which 8.33% will vest every three (3) months thereafter.
[F6]Represents Stock Options granted on July 1, 2026, of which 8.33% will vest every three (3) months thereafter.

Signature

/s/ Francisco Alvarez-Demalde|2026-07-06

1 file