Pruett William Rodney 4

What Happened Pruett William Rodney, a director of PicS N.V. (PICS), purchased 100,000 common shares in open-market transactions on March 23, 2026. The reported weighted-average price was $11.80 per share, for a total consideration of approximately $1,180,000. This was a purchase (accumulation) rather than a sale.

Key Details

• Transaction date: 2026-03-23 (reported on Form 4 filed 2026-03-24). Filing appears timely.
• Transaction type/code: Open market purchase (P).
• Shares purchased: 100,000; reported weighted-average price: $11.80; total value: ~$1,180,000.
• Footnote: The $11.80 is a weighted average. The filing states purchases occurred at prices ranging from $10.99 to $12.00; the reporting person can provide a per-price breakdown on request.
• Shares owned after transaction: Not specified in the provided filing details.
• Regulatory note: PicS is a foreign private issuer; the filing states the director’s transactions are exempt from Sections 16(b) and 16(c) of the Securities Exchange Act.

Context

• Purchases by insiders can be viewed as a stronger signal than routine sales because they involve personal capital; this report is factual and does not attempt to infer motivation.
• The exemption noted (foreign private issuer) means short-swing profit rules that apply to many U.S. domestic issuers do not apply here.