dLocal (DLO) director details initial Class A shares held via trusts

Rhea-AI Filing Summary

dLocal Ltd director Hyman K Bielsky reported his initial indirect holdings of Class A Common Shares. The filing lists 903,848 shares held by the Hyman K Bielsky Revocable Trust, 295,760 shares held by the Hyman K Bielsky 2021 Irrevocable Trust, and 15,497 shares held by the Marietta Austin Bielsky Revocable Trust. All entries are reported as indirect ownership through these trusts rather than direct personal holdings.

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^*

Bielsky Hyman K

(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)

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

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	903,848	I	By Hyman K Bielsky Revocable Trust(1)
Class A Common Shares	295,760	I	By Hyman K Bielsky 2021 Irrevocable Trust(1)
Class A Common Shares	15,497	I	By Marietta Austin Bielsky Revocable Trust(1)

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

Explanation of Responses:

1. The Reporting Person is the beneficiary of Hyman K Bielsky Revocable Trust and Hyman K Bielsky 2021 Irrevocable Trust. Marietta Austin Bielsky, the Reporting Person's spouse, is the beneficiary of Marietta Austin Bielsky Revocable Trust.

Remarks:

Exhibit List - Exhibit 24.1 - Power of Attorney

	/s/ Agustin Cancela, attorney-in-fact for Hyman Bielsky	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) director Hyman K Bielsky report in this Form 3?

The Form 3 shows Hyman K Bielsky’s initial indirect ownership in dLocal Class A Common Shares. Holdings are reported through three trusts rather than directly, establishing his baseline beneficial position as a director associated with these trust accounts.

How many dLocal (DLO) shares are held by the Hyman K Bielsky trusts?

The filing reports 903,848 Class A Common Shares held by the Hyman K Bielsky Revocable Trust and 295,760 shares held by the Hyman K Bielsky 2021 Irrevocable Trust. Both positions are classified as indirect ownership associated with director Hyman K Bielsky.

What is the role of the Marietta Austin Bielsky Revocable Trust in dLocal (DLO) ownership?

The Marietta Austin Bielsky Revocable Trust holds 15,497 dLocal Class A Common Shares as indirect ownership. The footnote explains that Marietta Austin Bielsky, the reporting person’s spouse, is the trust’s beneficiary, linking this position to the director’s broader beneficial ownership.

Does this dLocal (DLO) Form 3 show insider share purchases or sales?

No specific share purchases or sales are identified. The entries are labeled as “holding” type, with no buy or sell codes. The form serves to disclose existing indirect positions in Class A Common Shares held through several trusts.

Why are dLocal (DLO) shares reported as indirect ownership for Hyman K Bielsky?

Shares are reported as indirect because they are held by revocable and irrevocable trusts. The form specifies ownership as “By” each named trust, and notes that Bielsky or his spouse are beneficiaries, rather than listing the shares as directly owned.