dLocal (DLO) Form 144: Proposed Sale of 40,000 Shares ($571K)

dLocal Ltd (DLO) intends to sell 40,000 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $571,200.

Rhea-AI Filing Summary

dLocal Ltd (DLO) intends to sell 40,000 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $571,200. The filing states the shares were acquired as restricted stock units from the issuer on 10/01/2025 and the proposed approximate sale date is 10/01/2025 on NASDAQ. The filing reports 164,649,324 shares outstanding. The filer represents there are no undisclosed material adverse facts and lists no securities sold in the past three months.

Insights

Securities Analyst

Routine Rule 144 notice for insider RSU sale; size is immaterial relative to outstanding shares.

The filer reports a proposed sale of 40,000 shares acquired as restricted stock units on the same date, with an aggregate value of $571,200. Relative to 164,649,324 shares outstanding, the proposed sale represents approximately 0.024% of the outstanding float, indicating minimal dilution or market impact. The use of a major broker (Morgan Stanley Smith Barney) is typical for orderly execution under Rule 144.

Corporate Governance Expert

Disclosure is standard and compliant; statement affirms no undisclosed material information.

The notice includes the required representation that the seller is unaware of any material adverse information not publicly disclosed and notes no sales in the past three months. The filing identifies the securities as RSUs issued by the company and confirms execution through an institutional broker, satisfying typical governance and Rule 144 procedural expectations.

FAQ

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

What does the Form 144 filed for dLocal (DLO) disclose?

The filing discloses a proposed sale of 40,000 common shares acquired as restricted stock units, with an aggregate market value of $571,200.

When were the shares acquired and when is the proposed sale date?

The shares were acquired on 10/01/2025 as RSUs and the approximate proposed sale date is 10/01/2025.

Through which broker will the DLO shares be sold?

The proposed sale lists Morgan Stanley Smith Barney LLC, Executive Financial Services as the broker.

How large is the proposed sale relative to dLocal's outstanding shares?

The proposed sale of 40,000 shares represents approximately 0.024% of the 164,649,324 shares outstanding reported in the filing.

Does the filing report prior sales in the past three months?

The filing states "Nothing to Report" for securities sold during the past three months.

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

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Accepted by SEC EDGAR 10/01/2025 - 04:29 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	0002035611
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 Limited
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	JOHN OBRIEN
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	Officer

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	40000	571200.00	164649324	10/01/2025	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	10/01/2025	Restricted Stock Units	Issuer			40000	10/01/2025	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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	10/01/2025
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	08/23/2024
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/ John O'Brien
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)