dLocal (DLO) director discloses 12.6M convertible Class B share stake

Rhea-AI Filing Summary

dLocal Ltd director Sebastian Kanovich filed an initial Form 3 disclosing his equity stake in the company. The filing reports direct ownership of 12,629,474 Class B Common Shares, each of which may be converted into one Class A Common Share at any time at his option. This is a statement of existing holdings rather than a new purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kanovich Sebastian

Role Director

Type	Security	Shares	Price	Value
holding	Class B Common Shares	--	--	--

Holdings After Transaction: Class B Common Shares — 12,629,474 shares (Direct)

Footnotes (1)

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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
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hours per response:			0.5

1. Name and Address of Reporting Person^*

Kanovich Sebastian

(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)

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)

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
Class B Common Shares	(1)	(1)	Class A Common Shares	12,629,474	(1)	D

Explanation of Responses:

1. Each Class B Common Share has no expiration date and may be converted into one Class A Common Share at any time at the option of the Reporting Person.

Remarks:

Exhibit List - Exhibit 24.1 - Power of Attorney

	/s/ Agustin Cancela, attorney-in-fact for Sebastian Kanovich	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 Sebastian Kanovich’s Form 3 filing for dLocal (DLO) show?

The Form 3 shows initial beneficial ownership by director Sebastian Kanovich. He reports 12,629,474 Class B Common Shares, giving investors visibility into his starting equity position as a reporting insider at dLocal Ltd.

How many shares does Sebastian Kanovich report owning in dLocal (DLO)?

Sebastian Kanovich reports direct ownership of 12,629,474 Class B Common Shares. This figure represents his disclosed beneficial stake as an insider at the time of the Form 3 filing with no separate buy or sell transaction reported.

Are dLocal (DLO) Class B Common Shares convertible into Class A shares?

Yes. Each Class B Common Share has no expiration date and may be converted into one Class A Common Share at any time, at the option of the reporting person, giving flexibility in how the economic interest is held.

Does the dLocal (DLO) Form 3 indicate any recent insider buying or selling?

No transactions are reported; the entry is categorized as a holding. The Form 3 serves as an initial statement of beneficial ownership, listing existing Class B holdings rather than documenting a new purchase or sale.

What type of security is reported in Sebastian Kanovich’s dLocal (DLO) Form 3?

The filing reports Class B Common Shares with an underlying security of Class A Common Shares. Each Class B share is convertible on a one-for-one basis into a Class A share at the reporting person’s option.