VTEX CSO Andre Ferreira Receives RSUs; 3,350 Shares Withheld

What Happened

Andre Spolidoro Gomes Ferreira, Chief Strategy Officer of VTEX (NYSE: VTEX), had multiple restricted stock units (RSUs) convert into Class A common shares on August 26, 2026. The filing shows several "conversion of derivative security" entries of 6,875 shares each and an additional line showing 3,350 shares at $4.39 per share (valued at $14,706) that were withheld to satisfy tax withholding obligations tied to the RSU vesting.

This activity is not an open-market purchase or sale signal in the usual sense — it reflects RSU vesting and settlement rather than a discretionary buy or sell by the insider.

Key Details

• Transaction date: 2026-08-26 (reported on Form 4, accession 0001193125-26-368023).
• Reported entries: multiple RSU-to-share conversions (conversion code C) of 6,875 shares each; 3,350 shares shown at $4.39/share (total ~$14,706) withheld for taxes (transaction code J).
• Shares owned after the transactions: not specified in the filing.
• Footnotes:
  • F1: Each RSU converts 1-for-1 into Class A common stock.
  • F2: The 3,350-share line reflects shares withheld to cover tax withholding on vested RSUs.
  • F3 / F4: Vesting schedules described for the relevant RSU grants (initial 25% vesting dates and subsequent quarterly tranches).
• Filing/timeliness: No late-filing flag shown in the filing. Remarks note that VTEX is a foreign private issuer; reporting person’s transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act.

Context

• "Conversion of derivative security" here means RSUs vested and were settled into common shares (per F1).
• The withholding of 3,350 shares to cover taxes is a routine administrative step on vesting and does not itself indicate a buy or sell decision by the insider.
• Because VTEX is a foreign private issuer, these transactions are reported but exempt from certain Section 16 short-swing liability provisions.