Batista Costa Jose Antonio 4

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.