VTEX (VTEX) CFO Sodre Ricardo Receives RSUs; Sells 3,744 Shares

What Happened
Sodre Ricardo, Chief Financial Officer of VTEX (NYSE: VTEX), reported conversions of restricted stock units (RSUs) into Class A shares on August 26, 2026. The Form 4 shows multiple conversion entries of 6,875 shares each (code C), plus an other disposition (code J) of 3,744 shares sold at $4.39 for $16,436. Two conversion entries are shown as disposals at $0.00, reflecting derivative settlement related to the RSU conversion.

Key Details

• Transaction date: August 26, 2026 (Form filed Aug 28, 2026). Filing appears timely.
• Reported items:
  • Conversion of derivative security (C): 6,875 shares (reported as acquired) — two separate entries.
  • Conversion of derivative security (C): 6,875 shares (reported as disposed) @ $0.00 — two separate entries (derivative settlement).
  • Other acquisition/disposition (J): 3,744 shares disposed @ $4.39 each = $16,436 (cash received).
• Footnotes:
  • F1: Each RSU converts one-for-one into Class A shares.
  • F2: Shares were withheld to cover tax withholding obligations in connection with vesting RSUs.
  • F3–F4: Describe vesting schedules for the RSUs (initial 25% vest on specified dates, remainder in quarterly tranches).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Regulatory note: As a foreign private issuer, VTEX’s insider transactions are exempt from Sections 16(b) and 16(c).

Context
These entries reflect RSU vesting and routine tax withholding/net settlement rather than an open-market investment or discretionary sale. The $16,436 sale to cover taxes is a common administrative action and does not necessarily signal the CFO’s investment outlook. Conversions labeled at $0.00 represent derivative-to-share settlement (net or withheld shares) rather than a market sale.