Form 144: Proposed sale of 25,700 DLO common shares

Morgan Stanley Smith Barney LLC submitted a Form 144 notice related to proposed sales of Common stock.

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 notice related to proposed sales of Common stock. The filing lists 25,700 shares as securities to be sold and discloses 10b5-1 sales of 1,000,000 shares on 07/01/2026 with proceeds of $14,633,103.85. The filing date shown is 07/07/2026.

Key Figures

Securities to be sold: 25,700 shares 10b5-1 sales reported: 1,000,000 shares Proceeds from 10b5-1 sales: $14,633,103.85 +3 more

6 metrics

Securities to be sold 25,700 shares listed under "Securities To Be Sold"

10b5-1 sales reported 1,000,000 shares sales on <date>07/01/2026</date>

Proceeds from 10b5-1 sales $14,633,103.85 proceeds tied to the 1,000,000-share sale on <date>07/01/2026</date>

Filing date 07/07/2026 date shown in header

Prior securities entry date 06/07/2021 date associated with "Founders Shares" line

Amount shown $391,925.00 figure appearing in filer information row

Key Terms

Form 144, 10b5-1, Founders Shares, Proceeds

4 terms

Form 144 regulatory

"Filer Information | 144: Filer Information"

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 regulatory

"10b5-1 Sales for SEBASTIAN KANOVICH"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

Founders Shares financial

"Common | 06/07/2021 | Founders Shares"

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.

Proceeds financial

"07/01/2026 | 1000000 | 14633103.85"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 for DLO disclose?

The Form 144 discloses a proposed sale of 25,700 shares of Common stock and prior 10b5-1 sales of 1,000,000 shares on 07/01/2026, with proceeds of $14,633,103.85.

Who is listed as the broker or filer on the DLO Form 144?

The filing lists Morgan Stanley Smith Barney LLC as the broker/filer, with an address at 1 New York Plaza, 8th Floor, New York, NY 10004, shown in the filer information section.

What were the recent 10b5-1 sales reported in the filing?

The filing reports 10b5-1 sales by Sebastian Kanovich and Dr. Luis Bonavita totaling 1,000,000 shares sold on 07/01/2026, generating $14,633,103.85 in proceeds.

What is the filing date and relevant dates shown on the Form 144?

The document shows the sale date for 10b5-1 transactions as 07/01/2026 and a filing or receipt date of 07/07/2026 in the header information.

Are the securities described as "Founders Shares" in the Form 144?

Yes; the filing's securities-to-be-sold section includes an entry labeled Founders Shares tied to 25,700 shares with an earlier date of 06/07/2021 shown in that line.

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

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Accepted by SEC EDGAR 07/07/2026 - 04:42 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001911079
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	dLocal Ltd
SEC File Number	001-40451
Address of Issuer	DR. LUIS BONAVITA 1294 MONTEVIDEO URUGUAY 11300
Phone	4243927437
Name of Person for Whose Account the Securities are To Be Sold	Sebastian Kanovich
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	25700	391925.00	294931956	07/07/2026	NASDAQ

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	06/07/2021	Founders Shares	Issuer			25700	06/07/2021	N/A

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for SEBASTIAN KANOVICH DR. LUIS BONAVITA 1294 MONTEVIDEO X3 11300	Common	07/01/2026	1000000	14633103.85

144: Remarks and Signature

Remarks
Date of Notice	07/07/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	11/26/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Sebastian Kanovich
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)