VTEX CEO Gomide Mariano Converts RSUs, Sells 12,392 Shares

What Happened

• Gomide de Faria Mariano, CEO of VTEX (NYSE: VTEX), had restricted stock units (RSUs) convert into Class A common shares and a portion of the shares were sold to cover tax withholding. The filing shows four conversion entries of 17,187 RSUs each (totaling 68,748 RSUs converted). Separately, 12,392 shares were disposed of at $4.39 per share, generating $54,401. Several conversion entries are recorded with $0.00 price because RSUs convert into shares (no cash purchase).

Key Details

• Transaction date: August 26, 2026; Form 4 filed August 28, 2026.
• Sale for tax withholding: 12,392 shares disposed at $4.39 = $54,401.
• RSU conversions reported: four entries of 17,187 shares (total 68,748) converting into Class A common stock (recorded as derivative conversions).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — each RSU converts one-for-one into Class A common stock; F2 — shares were withheld to cover tax withholding; F3/F4 — describe vesting schedules for the RSU grants (initial 25% vesting dates and subsequent quarterly tranches).
• Filing note: Issuer is a foreign private issuer; transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act.

Context

• Converting RSUs into shares is a non‑cash settlement of equity awards; the small share disposition here appears to be a routine sale to satisfy tax withholding obligations rather than an open‑market trade motivated by opinion on the company. Such withholding sales are common when awards vest and do not necessarily indicate insider sentiment.