What indirect ARCO holdings related to Carlos Hernandez Artigas are reported?

An indirect holding entry shows 291,211 Class A common shares of Arcos Dorados held by Marlies Capital LLC. Another indirect position in a Simplified Employee Pension account was reduced to 0 shares after the reported sale.

Were the reported ARCO share sales made under a Rule 10b5-1 trading plan?

The Form 4’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the sales were made pursuant to a Rule 10b5-1 trading plan.

Arcos Dorados (NYSE: ARCO) director sells 32K shares, exits pension stake

Q: What insider transactions did ARCO director Carlos Hernandez Artigas report?

He reported three sales of Class A common shares: 14,500 shares on August 25, 2026, and 15,274 plus 2,569 shares on August 24, 2026, all described as sales in open market or private transactions.

Q: How many ARCO shares did Carlos Hernandez Artigas sell in total?

He sold a total of 32,343 Class A common shares of Arcos Dorados Holdings Inc., based on reported sale volumes of 14,500, 15,274, and 2,569 shares.

Q: At what prices were the ARCO shares sold by Carlos Hernandez Artigas?

Reported per-share prices were $8.056 for 14,500 shares on August 25, 2026, and $8.150 and $8.1605 for the 15,274-share and 2,569-share sales, respectively, on August 24, 2026.

Q: What happened to the ARCO shares held in the Simplified Employee Pension account?

After the August 24, 2026 sale of 2,569 shares at $8.1605, the Form 4 reports that the Simplified Employee Pension account held 0 shares of Arcos Dorados Class A common stock.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Arcos Dorados Holdings Inc. (ARCO) director Carlos Hernandez Artigas reported open-market or private sales of Class A common shares. On August 25, 2026 he sold 14,500 shares at $8.056 per share. On August 24, 2026 he sold 15,274 shares at $8.150 per share and 2,569 shares at $8.1605 per share from an indirectly held Simplified Employee Pension account, which then held 0 shares. A separate indirect holding entry shows 291,211 shares held by Marlies Capital LLC.

Insider Trade Summary

Net Seller: 32,343 shares

Net Sell 4 txns

Insider Hernandez Artigas Carlos

Role Director

Sold 32,343 shs ($262K)

Type	Security	Shares	Price	Value
Sale	Class A common share	14,500	$8.056	$117K
Sale	Class A common share	15,274	$8.15	$124K
Sale	Class A common share	2,569	$8.1605	$21K
holding	Class A common share	--	--	--

Holdings After Transaction: Class A common share — 0 shares (Direct); Class A common share — 0 shares (Indirect, Held in a Simplified Employee Pension account); Class A common share — 291,211 shares (Indirect, Held by Marlies Capital LLC)

Key Figures

Shares sold on 2026-08-25: 14,500 shares at $8.056 per share Shares sold on 2026-08-24 (block 1): 15,274 shares at $8.150 per share Shares sold on 2026-08-24 (SEP account): 2,569 shares at $8.1605 per share +3 more

6 metrics

Shares sold on 2026-08-25 14,500 shares at $8.056 per share Sale of ARCO Class A common shares by Carlos Hernandez Artigas

Shares sold on 2026-08-24 (block 1) 15,274 shares at $8.150 per share Sale of ARCO Class A common shares by Carlos Hernandez Artigas

Shares sold on 2026-08-24 (SEP account) 2,569 shares at $8.1605 per share Indirect sale from Simplified Employee Pension account; holdings then 0 shares

Total shares sold 32,343 shares Aggregate of reported ARCO Class A share sales

Indirect holdings via Marlies Capital LLC 291,211 shares Indirect ARCO Class A common share position reported as of 2026-08-24

Net buy/sell shares -32,343 shares Transaction summary net buy/sell direction: net-sell

Key Terms

Class A common share, Simplified Employee Pension account, indirect ownership

3 terms

Simplified Employee Pension account financial

"nature_of_ownership: Held in a Simplified Employee Pension account"

indirect ownership financial

"ownership_type: indirect; nature_of_ownership: Held by Marlies Capital LLC"

FAQ

What insider transactions did ARCO director Carlos Hernandez Artigas report?

He reported three sales of Class A common shares: 14,500 shares on August 25, 2026, and 15,274 plus 2,569 shares on August 24, 2026, all described as sales in open market or private transactions.

How many ARCO shares did Carlos Hernandez Artigas sell in total?

He sold a total of 32,343 Class A common shares of Arcos Dorados Holdings Inc., based on reported sale volumes of 14,500, 15,274, and 2,569 shares.

At what prices were the ARCO shares sold by Carlos Hernandez Artigas?

Reported per-share prices were $8.056 for 14,500 shares on August 25, 2026, and $8.150 and $8.1605 for the 15,274-share and 2,569-share sales, respectively, on August 24, 2026.

What happened to the ARCO shares held in the Simplified Employee Pension account?

After the August 24, 2026 sale of 2,569 shares at $8.1605, the Form 4 reports that the Simplified Employee Pension account held 0 shares of Arcos Dorados Class A common stock.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/25/2026 - 07:30 PM Accepted by SEC EDGAR 08/25/2026 - 07:30 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hernandez Artigas Carlos

(Last)

(First)

(Middle)

RIO NEGRO 1338, FIRST FLOOR

(Street)

MONTEVIDEO

11100

(City)

(State)

(Zip)

URUGUAY

(Country)

2. Issuer Name and Ticker or Trading Symbol
Arcos Dorados Holdings Inc. [ ARCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A common share	08/24/2026		S		15,274	D	$8.15	14,500	D
Class A common share	08/25/2026		S		14,500	D	$8.056	0	D
Class A common share								291,211	I	Held by Marlies Capital LLC
Class A common share	08/24/2026		S		2,569	D	$8.1605	0	I	Held in a Simplified Employee Pension account

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

Remarks:

	/s/ Roman Ajzen, attorney-in-fact on behalf of Carlos Hernandez Artigas	08/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR