VTEX CEO Geraldo do Carmo Thomaz Junior Sells 10,820 Shares

What Happened

• Geraldo do Carmo Thomaz Junior, CEO of VTEX (NYSE: VTEX), had restricted stock units (RSUs) convert into common shares on August 26, 2026. As part of that conversion, 10,820 shares were disposed (withheld/sold) at $4.39 per share, generating $47,500 to cover tax withholding obligations. Multiple RSU-to-share conversions are reported in the filing (several 17,187-share conversion line items), with some conversions recorded as derivative conversions at $0.00 per share (i.e., issuance on conversion).
• This was not a market buy; it was an issuance/settlement of RSUs with a portion withheld/sold for taxes — a routine administrative transaction rather than an independent investment purchase.

Key Details

• Transaction date: August 26, 2026; filing date: August 28, 2026.
• Disposition: 10,820 shares sold/withheld at $4.39 per share for proceeds of $47,500 (tax withholding on vested RSUs).
• Conversions: Multiple "conversion of derivative security" line items for 17,187 shares each (RSU conversions into Class A common stock); some conversions recorded with $0.00 per share as derivative issuances.
• Footnotes of note:
  • F1: Each RSU converts one-for-one into Class A common stock.
  • F2: The 10,820-share disposition reflects shares withheld to cover tax withholding.
  • F3/F4: RSU vesting schedules described (initial 25% vesting dates and subsequent quarterly tranches).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Compliance note: VTEX is a foreign private issuer, so these transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act; no late-filing flag was indicated in the provided data.

Context

• These transactions are RSU conversions and tax withholding: the company issued shares upon RSU vesting and a portion was withheld/sold to satisfy tax obligations (a common, routine practice for employees and executives).
• Because the filing reflects issuance and withholding rather than an open-market sale or purchase, it should not be read as a directional market bet by the CEO.