dLocal Ltd (DLO) COO reports 1,275,510 Class A Common Shares

Rhea-AI Filing Summary

dLocal Ltd Chief Operating Officer Carlos Javier Menendez filed an initial ownership report showing 1,275,510 Class A Common Shares held directly. This amount includes 1,084,183 Class A Common Shares subject to outstanding restricted stock units, which will vest over time based on his continued service with the company.

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^*

Menendez Carlos Javier

(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 Operating 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	1,275,510(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

Explanation of Responses:

1. Includes 1,084,183 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.

Remarks:

Exhibit List - Exhibit 24.1 - Power of Attorney

	/s/ Agustin Cancela, attorney-in-fact for Carlos Menendez	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) Chief Operating Officer Carlos Javier Menendez report on his Form 3?

He reports beneficial ownership of 1,275,510 Class A Common Shares of dLocal Ltd. This is an initial ownership statement, not a buy or sell, and establishes his starting equity position as an executive officer.

How many dLocal (DLO) shares held by Carlos Javier Menendez are tied to restricted stock units?

The filing states that 1,084,183 Class A Common Shares are subject to outstanding restricted stock units. These RSUs will vest only if he continues his service with dLocal Ltd through the applicable vesting dates.

Does the dLocal (DLO) Form 3 for Carlos Javier Menendez show any recent share purchases or sales?

No. The Form 3 is an initial ownership report and does not show any recent purchases or sales. It simply discloses his existing holdings, including time-vested restricted stock units tied to his continued employment.

What type of security does Carlos Javier Menendez hold according to the dLocal (DLO) Form 3?

He holds Class A Common Shares of dLocal Ltd. The total reported position is 1,275,510 shares, including a substantial portion represented by unvested restricted stock units that will vest over time with continued service.

Why are restricted stock units important in the dLocal (DLO) Form 3 for Carlos Javier Menendez?

Restricted stock units tie executive compensation to long-term company performance and retention. The filing shows 1,084,183 shares linked to RSUs that vest only if Menendez remains in service through specified vesting dates.