de Souza Fernanda Teves 4

What Happened

• Fernanda de Souza Teves, Risk, Integrity & Audit Officer at Ultrapar Holdings (UGP), had 28,769 restricted shares vest on April 20, 2026 (reported as an award/grant, code A). The same 28,769 shares were simultaneously reported as disposed to the issuer (code D). Both entries show $0 per share on the Form 4.
• Footnotes state each restricted share is a contingent right to one common share and that the shares vested under the company’s long-term incentive plan approved at the 2023 AGM.

Key Details

• Transaction date: April 20, 2026; Form 4 filed April 22, 2026 (timely filing).
• Reported amounts: 28,769 restricted shares vested (A) and 28,769 shares disposed to issuer (D); price reported $0.00 for both entries.
• Footnotes: F1 = each restricted share equals a contingent right to one common share; F2 = restricted shares vested April 20, 2026; F3 = vesting per LTIP approved at 2023 AGM.
• Shares owned after transaction: not reported on the provided filing excerpt.
• Transaction types: award/vesting (A) and disposition to issuer/derivative (D).

Context

• Vesting of restricted shares is a form of compensation; a simultaneous disposition to the issuer often reflects share surrender or settlement (for example, to satisfy tax withholding or other plan terms), though the filing does not specify the reason.
• This is not an open-market buy or sale by the insider and does not by itself indicate a change in investment sentiment.