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DLO (DLO) shareholder schedules sale of 4,700 shares after prior 10b5-1 trades

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

A shareholder associated with Sebastian Kanovich has filed a notice of proposed sale of 4,700 shares of DLO common stock through Morgan Stanley Smith Barney LLC Executive Financial Services, with an indicated aggregate sale value of $71,957.00 and an expected sale date of August 4, 2026 on NASDAQ.

The shares were originally acquired as Founders Shares from the issuer on June 7, 2021. The filing also lists prior Rule 10b5-1 sales in the past three months totaling 1,025,700 shares for aggregate proceeds of $15,031,453.85 on July 1 and July 7, 2026.

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Shares to be sold 4,700 shares Proposed sale of DLO common stock through Morgan Stanley Smith Barney LLC
Proposed aggregate sale value $71,957.00 Indicated value for 4,700 DLO common shares to be sold on August 4, 2026
Planned sale date 08/04/2026 Expected date for the Form 144 sale on NASDAQ
Prior sale on 07/07/2026 25,700 shares for $398,350.00 Rule 10b5-1 sale of DLO common stock in the past three months
Prior sale on 07/01/2026 1,000,000 shares for $14,633,103.85 Rule 10b5-1 sale of DLO common stock in the past three months
Acquisition date of shares 06/07/2021 Founders Shares originally acquired from the issuer
Form 144 regulatory
"144: Securities To Be Sold Common | 06/07/2021 | Founders Shares"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
10b5-1 Sales regulatory
"10b5-1 Sales for SEBASTIAN KANOVICH DR. LUIS BONAVITA 1294 MONTEVIDEO"
10b5-1 sales are pre-arranged stock-trading plans that let company insiders automatically buy or sell shares according to a fixed schedule or formula, even if they later learn confidential information. Think of it as setting up an automatic thermostat for trades: it creates a clear, documented path that can protect insiders from insider-trading accusations and gives investors a signal about predictable insider activity—though it can also simply be a way for insiders to diversify or raise cash.
Founders Shares financial
"Common | 06/07/2021 | Founders Shares | Issuer"
Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.
Executive Financial Services financial
"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What does the DLO Form 144 filing disclose about upcoming share sales?
The filing discloses a planned sale of 4,700 shares of DLO common stock with an indicated aggregate value of $71,957.00, expected to be sold on August 4, 2026 through Morgan Stanley Smith Barney LLC on NASDAQ.

Who is associated with the DLO shares referenced in this Form 144?
The filing references 10b5-1 sales for Sebastian Kanovich. It lists past and planned transactions in DLO common stock connected to this name, including prior Rule 10b5-1 sales and a planned sale of 4,700 shares.

How many DLO shares has the filer sold in the last three months?
The filer reports prior Rule 10b5-1 sales of 25,700 shares for $398,350.00 on July 7, 2026 and 1,000,000 shares for $14,633,103.85 on July 1, 2026, totaling 1,025,700 shares.

At what price is the upcoming DLO share sale indicated in the Form 144?
The proposed sale covers 4,700 shares of DLO common stock with an aggregate value of $71,957.00. This implies an indicated per-share value consistent with the aggregate figure, for a single transaction expected on August 4, 2026.

When and how were the DLO shares in this Form 144 initially acquired?
The 4,700 shares planned for sale were acquired on June 7, 2021 as Founders Shares directly from the issuer. The filing characterizes them as Founders Shares, with the method of payment noted as N/A.

Through which broker will the DLO Form 144 sale be executed?
The planned sale of 4,700 DLO common shares is to be handled by Morgan Stanley Smith Barney LLC Executive Financial Services, based at 1 New York Plaza, 8th Floor, New York, NY 10004, with the shares to be sold on NASDAQ.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR