Frias Luis 4

What Happened

• Luis Frias, a director of PagSeguro Digital Ltd. (PAGS), was reported as the recipient of purchases totaling 498,500 Class A shares on March 27, 2026. The filing shows two open-market/private purchases: 249,250 shares at $9.99 ($2,490,008) and 249,250 shares at $9.94 ($2,477,545), for a combined consideration of approximately $4,967,553. These transactions are reported with code "P" (purchase).

Key Details

• Transaction dates: 2026-03-27 (reported on Form 4 filed 2026-03-31; filing appears timely).
• Executed prices and values:
  • 249,250 shares @ $9.99 = $2,490,008
  • 249,250 shares @ $9.94 = $2,477,545
  • Total acquired: 498,500 shares for ~ $4.97M
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F2 indicates the acquisitions were made by a corporation in which Mr. Frias has an interest (the purchases were by an affiliated entity).
  • F1 states Mr. Frias disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
  • F3/F4 note that the reported prices are weighted averages reflecting multiple executions (price ranges for those executions were reported in the filing).
• Filing timeliness: Transaction reported on Form 4 filed 2026-03-31 (covers the 2026-03-27 transactions) — filing appears to meet the usual two-business-day Form 4 deadline.

Context

• These were purchases (often viewed as a more informative signal than sales), but the filing shows the shares were acquired by a corporation in which the director has an interest and includes a disclaimer of full beneficial ownership. That means the acquisitions may reflect corporate/affiliate activity rather than a direct personal buy by the director. As always, this is factual reporting of insider activity and not commentary on motives or future company performance.