Batista Costa Jose Antonio 4
4 · PicS N.V. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
PicS (PICS) Director Jose Antonio Batista Costa Buys 18,500 Shares
What Happened
Jose Antonio Batista Costa, a director of PicS N.V. (PICS), purchased 18,500 Class A common shares in open-market transactions on June 10, 2026. The Form 4 reports a weighted-average price of $9.47 per share for a total reported cost of $175,195. This was a purchase (insider acquiring shares rather than selling).
Key Details
- Transaction date: June 10, 2026 (reported on Form 4 filed June 12, 2026).
- Reported price: weighted average $9.47; purchases occurred at prices ranging from $9.12 to $10.85 (F1).
- Total shares acquired: 18,500; total reported value: $175,195.
- Shares owned after transaction: filing text indicates corrected holdings are reported following this transaction, but the exact post-transaction total was not included in the excerpt provided. Prior filing corrections are noted (F2).
- Ownership structure note: some securities are held directly by Stichting JAB, of which the reporting person is a beneficiary; he disclaims beneficial ownership except to the extent of any pecuniary interest (F3).
- Filing/timeliness: Form 4 was filed two days after the transaction; the issuer is a foreign private issuer and the filing notes transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act (remarks).
Context
This was an open-market purchase (multiple trades aggregated to a weighted average price) rather than an option exercise, award, or gift. Purchases by insiders can be of interest to investors as they represent direct acquisitions, but the filing does not state the insider’s motivation. The filing also corrects prior reported totals for earlier June transactions, so note the corrected holdings language in the footnotes.
Insider Transaction Report
- Purchase
Class A Common Shares
[F1][F2][F3]2026-06-10$9.47/sh+18,500$175,195→ 4,373,479 total(indirect: By Stichting JAB)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $9.12 to $10.85. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F2]Due to administrative errors, (i) the Form 4 filed by the Reporting Person with the U.S. Securities and Exchange Commission ("SEC") on June 10, 2026 with respect to the transaction that took place on June 8, 2026 misreported the total number of shares held by the Reporting Person as 4,355,309 Class A common shares, rather than the correct number of 4,334,179 Class A common shares; and (ii) the Form 4 filed by the Reporting Person with the SEC on June 10, 2026 with respect to the transaction that took place on June 9, 2026 misreported the total number of shares held by the Reporting Person as 4,376,109 Class A common shares, rather than the correct number of 4,354,979 Class A common shares. The number of Class A common shares reported in this box is the corrected number held by the Reporting Person following the transaction reported on this line of this Form 4.
- [F3]The securities shown in this row are held directly by Stichting JAB, a foundation incorporated under Dutch law. The reporting person is a beneficiary of Stichting JAB. The reporting person disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein.