Ultrapar (UGP) CFO Hachem Saleme Sells 585 Shares

What Happened
Hachem Andre Saleme, listed as CFO and IRO (Hidrovias), sold 585 shares of Ultrapar (UGP) in open‑market transactions on August 18, 2026. The weighted average price reported was $6.51 per share, for proceeds of approximately $3,808.

Key Details

• Transaction date: August 18, 2026; Form 4 filed August 28, 2026 (10 days after the trade). This appears to be a late filing relative to the typical 2‑business‑day Form 4 deadline.
• Transaction type/code: Sale (S) — open market or private sale.
• Price: Weighted average $6.51; individual trade prices ranged $6.511–$6.515 (see footnote).
• Proceeds: ~$3,808.
• Shares owned after transaction: Not reported in the provided filing excerpt.
• Footnotes: (1) Weighted average price; multiple trades occurred at prices between $6.511 and $6.515 and the reporting person can provide a breakdown on request. (2) Prices were converted from BRL to USD using the Aug 18, 2026 close rate (USD 1.00 = BRL 5.2037).

Context
Sales by insiders are often routine liquidity actions and do not by themselves indicate a change in company outlook. This was a small, low‑value sale relative to typical insider trades; no derivatives, option exercises, or awards were involved in this filing.