dLocal (DLO) CRO details Class A share and option positions

Rhea-AI Filing Summary

dLocal Ltd Chief Revenue Officer John Patrick O'Brien filed an initial ownership report showing his equity stake in the company. He directly holds 57,665 Class A Common Shares, including 23,066 shares subject to restricted stock units that will vest over time with continued service.

O'Brien also holds two stock option awards over Class A Common Shares at an exercise price of $8.9200 per share. One option covers 43,238 underlying shares and began vesting on May 1, 2022 in five annual installments; as of this report, 21,619 options have vested, with additional portions scheduled to vest in 2026 and 2027. A second option covers 96,705 underlying shares, with vesting that commenced on January 27, 2023 in five annual installments. As of this report, 43,517 options have vested, with further tranches due in 2027 and 2028.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider O'Brien John Patrick

Role Chief Revenue Officer

Type	Security	Shares	Price	Value
holding	Stock Option (Right to Buy)	--	--	--
holding	Stock Option (Right to Buy)	--	--	--
holding	Class A Common Shares	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 43,238 shares (Direct); Class A Common Shares — 57,665 shares (Direct)

Footnotes (1)

1. Includes 23,066 Class A Common Shares subject to outstanding restricted stock units which will vest based on the Reporting Person's continued service through the applicable vesting dates. Represents stock options to purchase Class A Common Shares. The vesting commencement date is May 1, 2022 and the options will vest in five installments on each anniversary of the vesting commencement date, subject to the Reporting Person's continued service through the applicable vesting date. As of the date of this report, 21,619 of the options have vested, and 9,908 of the remaining options will vest on May 1, 2026 and 11,710 of the remaining options will vest on May 1, 2027. Represents stock options to purchase Class A Common Shares. The vesting commencement date is January 27, 2023 and the options will vest in five installments on each anniversary of the vesting commencement date, subject to the Reporting Person's continued service through the applicable vesting date. As of the date of this report, 43,517 of the options have vested, and 24,176 of the remaining options will vest on January 27, 2027 and 29,011 of the remaining options will vest on January 27, 2028.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

O'Brien John Patrick

(Last) (First) (Middle)

C/O DLOCAL LIMITED

DR. LUIS BONAVITA 1294

(Street)

MONTEVIDEO 11300

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
dLocal Ltd [ DLO ]

3a. Foreign Trading Symbol

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Shares	57,665(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	05/01/2023	05/01/2032	Class A Common Shares	43,238(2)	$8.92	D
Stock Option (Right to Buy)	01/27/2024	02/27/2033	Class A Common Shares	96,705(3)	$8.92	D

Explanation of Responses:

1. Includes 23,066 Class A Common Shares subject to outstanding restricted stock units which will vest based on the Reporting Person's continued service through the applicable vesting dates.

2. Represents stock options to purchase Class A Common Shares. The vesting commencement date is May 1, 2022 and the options will vest in five installments on each anniversary of the vesting commencement date, subject to the Reporting Person's continued service through the applicable vesting date. As of the date of this report, 21,619 of the options have vested, and 9,908 of the remaining options will vest on May 1, 2026 and 11,710 of the remaining options will vest on May 1, 2027.

3. Represents stock options to purchase Class A Common Shares. The vesting commencement date is January 27, 2023 and the options will vest in five installments on each anniversary of the vesting commencement date, subject to the Reporting Person's continued service through the applicable vesting date. As of the date of this report, 43,517 of the options have vested, and 24,176 of the remaining options will vest on January 27, 2027 and 29,011 of the remaining options will vest on January 27, 2028.

Remarks:

Exhibit List - Exhibit 24.1 - Power of Attorney

	/s/ Agustin Cancela, attorney-in-fact for John O'Brien	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)