Augusto Cazotto Andre 4

What Happened
Augusto Cazotto Andre, PicS N.V.’s IR, Strategy and M&A Officer, purchased 49,500 Class A common shares on June 11, 2026 at $9.41 per share, for a total cost of $465,795. This was a buy (transaction code P), which retail investors often view as a more informative signal than routine sales.

Key Details

• Transaction date and price: 2026-06-11, 49,500 shares at $9.41 each (total ≈ $465,795).
• Filing: Form 4 filed 2026-06-12 for the June 11 transaction (appears timely under Form 4 rules).
• Shares owned after transaction: Disclosure reflects corrected post-transaction holdings of 57,700 Class A common shares (8,200 corrected prior holdings + 49,500 purchased).
• Notable footnote: A prior Form 4 (filed April 1, 2026) misreported the Reporting Person’s holdings as 1,700 shares instead of the correct 8,200; this filing corrects the post-transaction holding number.
• Exemption note: As a foreign private issuer, PicS’s insider transactions are reported as exempt from Sections 16(b) and 16(c) of the Exchange Act (per Rule 3a12-3(b)).

Context
This was a straight purchase (no option exercise, grant, or gift). Purchases by company officers can be of interest to investors because they increase insider exposure to the stock, but filings do not state the buyer’s motivation.