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dLocal Ltd (DLO) director converts Class B to Class A, sells 77,453 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

dLocal Ltd director Kanovich Sebastian reported converting a total of 77,453 Class B Common Shares into Class A shares on August 4–5, 2026 and selling the resulting Class A shares in open-market transactions at $15.50 and $15.5369 per share. These conversions and sales were effected under a Rule 10b5-1 trading plan adopted on November 26, 2025. The report notes it was filed late due to an inadvertent administrative error.

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Insider Kanovich Sebastian
Role Director
Sold 77,453 shs ($1.20M)
Approx. gross sale proceeds $1.20M
Type Security Shares Price Value
Conversion Class B Common Share F1, F2 72,753 $0.00 $0.00
Conversion Class A Common Share F2, F1 72,753 -- --
Sale Class A Common Share F2 72,753 $15.5369 $1.13M
Conversion Class B Common Share F1, F2 4,700 $0.00 $0.00
Conversion Class A Common Share F2, F1 4,700 -- --
Sale Class A Common Share F2 4,700 $15.50 $73K
Holdings After Transaction: Class B Common Share — 11,526,321 shares (Direct); Class A Common Share — 0 shares (Direct)
Footnotes (2)
  1. F1. 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. On August 4, 2026 and August 5, 2026, the reporting person directed the sale of 4,700 and 72,753 of his Class B Common Shares, respectively, resulting in the automatic conversion of those shares into Class A Common Shares upon execution of the sales.
  2. F2. The conversions and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 11/26/2025.
Total shares sold 77,453 shares Class A Common Shares sold on August 4–5, 2026
Sale price August 4, 2026 $15.5000 per share Sale of 4,700 Class A Common Shares
Sale price August 5, 2026 $15.5369 per share Sale of 72,753 Class A Common Shares
Shares converted August 4, 2026 4,700 shares Class B converted into Class A Common Shares
Shares converted August 5, 2026 72,753 shares Class B converted into Class A Common Shares
10b5-1 plan adoption date 11/26/2025 Rule 10b5-1 trading plan governing the reported trades
Class B Common Share financial
"Each Class B Common Share has no expiration date and may be converted"
automatic conversion financial
"resulting in the automatic conversion of those shares into Class A"
Rule 10b5-1 trading plan regulatory
"were effected pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What did dLocal Ltd (DLO) director Kanovich Sebastian report in this Form 4?
Kanovich Sebastian reported converting 77,453 Class B shares into Class A shares and selling those Class A shares on August 4–5, 2026 at prices around $15.50–$15.5369 per share in open-market transactions.

How many dLocal (DLO) shares were sold and at what prices?
A total of 77,453 Class A Common Shares were sold: 4,700 shares at $15.50 on August 4, 2026 and 72,753 shares at $15.5369 on August 5, 2026, all reported as open-market or private transactions.

Were the dLocal (DLO) insider transactions under a Rule 10b5-1 trading plan?
Yes. The filing states the conversions and sales were effected under a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2025, indicating the trades followed a pre-established plan.

What happened to dLocal (DLO) Class B Common Shares in this Form 4?
The insider converted 77,453 Class B Common Shares into Class A shares. Footnotes explain each Class B share has no expiration and is convertible into one Class A share; the reported sales triggered automatic conversion upon execution.

Why was this dLocal Ltd (DLO) Form 4 filing marked as late?
The remarks section explains the Form 4 was filed late due to an inadvertent administrative error. This notes a timing issue with the report’s submission rather than changing the underlying conversion and sale details.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kanovich Sebastian
(Last)(First)(Middle)
C/O DLOCAL LIMITED
DR. LUIS BONAVITA 1294
(Street)
MONTEVIDEO11300
(City)(State)(Zip)
URUGUAY
(Country)		2. Issuer Name and Ticker or Trading Symbol
dLocal Ltd [ DLO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/04/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Share08/04/2026C(2)4,700A(1)4,700D
Class A Common Share08/04/2026S(2)4,700D$15.50D
Class A Common Share08/05/2026C(2)72,753A(1)72,753D
Class A Common Share08/05/2026S(2)72,753D$15.53690D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Share(1)08/04/2026C(2)4,700 (1) (1)Class A Common Share4,700$011,599,074D
Class B Common Share(1)08/05/2026C(2)72,753 (1) (1)Class A Common Share72,753$011,526,321D
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. On August 4, 2026 and August 5, 2026, the reporting person directed the sale of 4,700 and 72,753 of his Class B Common Shares, respectively, resulting in the automatic conversion of those shares into Class A Common Shares upon execution of the sales.
2. The conversions and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 11/26/2025.
Remarks:
This Form 4 is being filed late due to an inadvertent administrative error.
/s/ Agustin Cancela, attorney-in-fact for Sebastian Kanovich08/11/2026
** Signature of Reporting PersonDate
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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR