Augusto Cazotto Andre 4

What Happened
Augusto Cazotto Andre, PicS N.V.’s IR, Strategy & M&A Officer, acquired 6,500 shares of PicS on 2026-03-25 in a purchase transaction. The shares were acquired at $11.55 each for a total reported value of $75,075. As a purchase, this is a direct insider buy (form code P), which some investors view as a potentially bullish signal compared with routine insider sales.

Key Details

• Transaction date and price: 2026-03-25 — 6,500 shares at $11.55 per share (total $75,075).
• Transaction type/code: Purchase (Form 4 code P) — described as open market or private purchase.
• Filing date: 2026-03-26 (reporting period 2026-03-25) — filed promptly; not marked late.
• Shares owned after transaction: Not disclosed in this filing.
• Notable footnote: PicS is a foreign private issuer; the filing notes that the reporting person’s transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act under Rule 3a12-3(b).

Context
The filing reports a straight purchase of common shares (not an option exercise, award, or gift). Because PicS is a foreign private issuer, the usual Sections 16 short-swing profit rules do not apply to this insider’s transactions; that is a legal/regulatory exemption, not a comment on intent.