Batista Costa Jose Antonio 4

What Happened
José Antonio Batista Costa, a director of PicS N.V. (PICS), made an open-market purchase of 22,000 ordinary shares on June 4, 2026. The filing reports a weighted-average purchase price of $9.09 per share for a total cash outlay of approximately $199,980. This was a purchase (acquisition), which many investors view as a more actionable signal than routine sales.

Key Details

• Transaction date: 2026-06-04; Form 4 filed: 2026-06-08.
• Transaction type/code: Open market purchase (P). Quantity: 22,000 shares. Reported weighted-average price: $9.09; total value: ~$199,980.
• Price range (footnote F1): trades executed at prices between $8.32 and $9.30; the weighted avg is reported and a breakdown by price is available upon request.
• Post-transaction holdings: the Form 4 does not specify the amount owned following this transaction.
• Ownership note (footnote F2): the rowed securities are held directly by Stichting JAB (a Dutch foundation); Batista Costa is a beneficiary and disclaims beneficial ownership except for any pecuniary interest.
• Regulatory note: PicS is a foreign private issuer; the filing states the reporting person's transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act.

Context
Purchases by directors can be interpreted as a positive signal, but a single trade should be considered alongside other insider activity and company fundamentals. Because these shares are held (or reported) through a Dutch foundation and the issuer is a foreign private issuer, the holding structure and exemptions limit some Section 16 reporting implications.