Augusto Cazotto Andre 4

What Happened
Augusto Cazotto Andre, PicS N.V.'s IR, Strategy & M&A Officer, purchased 1,700 ordinary shares in an open-market transaction on March 31, 2026. The reported weighted average price was $10.69 per share, for a total reported value of $18,173. This was a purchase (accumulation) rather than a sale.

Key Details

• Transaction date: 2026-03-31 (reported on Form 4 filed 2026-04-01).
• Transaction type/code: P = Purchase (open market or private purchase).
• Price: weighted average $10.69 per share; purchases occurred at prices ranging from $10.65 to $10.69 (footnote F1).
• Shares acquired: 1,700; total reported value $18,173.
• Shares owned after the transaction: Not disclosed in this filing.
• Footnote: F1 notes the $10.69 figure is a weighted average; the reporting person will provide a breakdown of shares bought at each price on request.
• Compliance note: As a foreign private issuer under Rule 3a12-3(b), PicS and the reporting person state these transactions are exempt from Sections 16(b) and 16(c) of the Securities Exchange Act.

Context
Purchases by insiders are often of interest to retail investors as a sign of personal investment in the company, but filings do not explain motivation. This report appears timely (transaction on 3/31/2026, Form 4 filed 4/01/2026). The foreign private issuer exemption means this filing differs from typical Section 16 reporting for U.S. domestic issuers.