Costa Tabajara Bertelli 4

What Happened
Costa Tabajara Bertelli, CEO of Ultragaz (a business of Ultrapar Holdings, ticker UGP), was awarded 90,386 restricted shares that vested on April 20, 2026. The Form 4 shows an acquisition (award) of 90,386 shares at $0.00 and a matching disposition to the issuer of 90,386 shares at $0.00 on the same date. No cash purchase or sale was reported in the filing.

Key Details

• Transaction date: April 20, 2026; Form 4 filed April 22, 2026 (timely filing).
• Award: 90,386 restricted shares reported as acquired at $0.00.
• Disposition: 90,386 shares reported as disposed to the issuer at $0.00 (derivative disposition).
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1—each restricted share is a contingent right to one common share; F2—restricted shares vested on April 20, 2026; F3—vesting per the long-term incentive plan approved at the 2023 AGM.

Context
This was an award of restricted shares that vested, not an open-market buy or sale. Dispositions "to the issuer" commonly reflect shares surrendered to the company to satisfy tax withholding or other settlement obligations tied to vesting, though the filing itself does not specify the exact reason. Awards and subsequent surrender for withholding are routine and do not by themselves indicate a change in insider sentiment.