Rabelo Pedro Guedes 4

What Happened
Pedro Guedes, a Financial Officer for Ultrapar’s Ipiranga unit, was granted 9,674 restricted shares (reported as a derivative award) on April 24, 2026. The filing shows an acquisition price of $0.00 (no cash paid) — typical for equity compensation awards. The securities are contingent rights to common shares and will vest over time (see footnotes).

Key Details

• Transaction date: 2026-04-24; Form 4 filed: 2026-04-28 (filed within the required reporting window).
• Instrument: 9,674 restricted shares (derivative award) at $0.00.
• Post-transaction holdings: not specified in the provided filing summary.
• Footnotes: F1 — each restricted share is a contingent right to one common share; F2 — restricted shares vest through April 24, 2029.
• Transaction type: Award/Grant (code A). Not a purchase or sale of common stock.

Context
Restricted-share awards do not represent immediately tradable common shares until they vest; they are a form of compensation tied to future service or performance. Such grants are common for executives and typically reflect compensation policy rather than a direct market signal; they can still be meaningful as they align management incentives with long-term shareholder value.