dLocal (DLO) CTO details Class A share and stock option ownership

Rhea-AI Filing Summary

dLocal Ltd filed an initial ownership report for Chief Technology Officer Alberto Emmanuel Almeida Rodriguez. The filing shows direct ownership of 115,884 Class A Common Shares, including 80,884 shares subject to restricted stock units that will vest over time based on continued service. It also lists stock options to buy 180,000, 101,250 and 55,256 Class A Common Shares at an exercise price of $8.92 per share, with expirations in 2033, 2032

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

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1. Name and Address of Reporting Person^*

Almeida Rodriguez Alberto Emmanuel

(Last) (First) (Middle)

C/O DLOCAL LIMITED

DR. LUIS BONAVITA 1294

(Street)

MONTEVIDEO 11300

(City) (State) (Zip)

URUGUAY

(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 Technology 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	115,884(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)	01/27/2024	01/27/2033	Class A Common Shares	180,000(2)	$8.92	D
Stock Option (Right to Buy)	08/15/2023	08/15/2032	Class A Common Shares	101,250(3)	$8.92	D
Stock Option (Right to Buy)	03/28/2023	03/28/2032	Class A Common Shares	55,256(4)	$8.92	D

Explanation of Responses:

1. Includes 80,884 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 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, 90,000 of the options have vested, and 45,000 of the remaining options will vest on each of January 27, 2027 and January 27, 2028.

3. Represents stock options to purchase Class A Common Shares. The vesting commencement date is August 15, 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, 36,250 of the options have vested, and 25,000 of the remaining options will vest on August 15, 2026 and 40,000 of the remaining options will vest on August 15, 2027.

4. Represents stock options to purchase Class A Common Shares. The vesting commencement date is March 28, 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, 29,647 of the options have vested, and 11,752 of the remaining options will vest on March 28, 2026 and 13,857 of the remaining options will vest on March 28, 2027.

Remarks:

Exhibit List - Exhibit 24.1 - Power of Attorney

	/s/ Agustin Cancela, attorney-in-fact for Alberto Almeida	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)

FAQ

What does dLocal (DLO) CTO Alberto Almeida Rodriguez report on this Form 3?

He reports his initial ownership in dLocal, including 115,884 Class A Common Shares and several stock option grants. The form establishes his existing equity position as he serves as Chief Technology Officer.

How many dLocal (DLO) Class A Common Shares does the CTO directly hold?

He directly holds 115,884 Class A Common Shares. This total includes unrestricted shares and 80,884 shares tied to restricted stock units that will vest over time, subject to his continued service.

What stock options are reported by the dLocal (DLO) CTO on the Form 3?

He reports stock options to purchase 180,000, 101,250 and 55,256 Class A Common Shares, each with a $8.92 exercise price. These options have expiration dates in 2033 and 2032, reflecting three separate long-term grants.

How do the dLocal (DLO) CTO’s stock options vest according to the filing?

Each grant vests in five annual installments starting from commencement dates in 2022 and 2023. The filing notes portions already vested, with remaining tranches scheduled to vest in 2026, 2027 and 2028 if he continues in service.

What does the filing say about restricted stock units held by the dLocal (DLO) CTO?

The filing states that 80,884 Class A Common Shares are subject to outstanding restricted stock units. These RSUs will vest on applicable dates as long as Alberto Emmanuel Almeida Rodriguez continues his service with the company.