Ultrapar (UGP) Financial Officer Pedro Rabelo Guedes Sells 30,000 Shares

What Happened

• Pedro Rabelo Guedes, a financial officer at Ipiranga (an Ultrapar business), sold 30,000 ordinary shares on September 10, 2026. The filing reports a sale price of $7.58 per share for a total value of $227,400. The dollar amounts were converted from Brazilian reais using the Sep 10, 2026 FX rate (USD 1.00 = BRL 5.1143).

Key Details

• Transaction date: 2026-09-10
• Transaction type/code: Sale (S) — described in filing as "open market or private sale"
• Price per share: $7.58; Total proceeds: $227,400 (converted from BRL per footnote)
• Shares owned after transaction: Not specified in the information provided
• Footnote: Conversion from BRL to USD at rate USD 1.00 = BRL 5.1143 on Sep 10, 2026 (Footnote F1)
• Timeliness: Form filed on 2026-09-14 for a 2026-09-10 transaction (4-day gap). Form 4s are generally required within two business days, so this filing appears later than the usual reporting window.

Context

• This was a sale (which can be routine or for liquidity/tax reasons); sales are generally less informative than purchases about insider confidence. The filing does not indicate a 10b5-1 trading plan, tax withholding, gift, or option exercise related to this transaction.