[Form 4] Mercado Libre, Inc Insider Trading Activity

Rhea-AI Filing Summary

Richard A. Sanders, a director of MercadoLibre, Inc. (MELI), was reported to have acquired restricted common stock on 08/07/2025. The Form 4 shows the acquisition of 64 shares of restricted common stock granted at no cash price, which are subject to forfeiture and transfer restrictions until the company’s next annual shareholder meeting. After the transaction, Mr. Sanders beneficially owned 414 shares in total, comprised of the 64 restricted shares plus 350 shares of common stock. The filing was signed by an attorney-in-fact on 08/08/2025 and incorporates a previously filed power of attorney from Mr. Sanders.

Positive

• Director received equity alignment through a grant of 64 restricted shares, which can align interests with shareholders
• Timely SEC reporting executed via attorney-in-fact and references an existing power of attorney, indicating compliance with disclosure rules

Negative

• Grant size is minimal (64 restricted shares), resulting in a total beneficial ownership of only 414 shares, which is not material
• Shares are subject to forfeiture and transfer restrictions until the next annual shareholder meeting, limiting immediate economic benefit

Insights

Securities Analyst

TL;DR: Small, routine director equity grant; limited near-term market impact.

The Form 4 documents a director-level equity grant of 64 restricted shares at $0, subject to forfeiture until the next annual meeting. The total post-transaction beneficial ownership of 414 shares is modest relative to a public company of MercadoLibre's scale. This appears to be a standard equity award for alignment with shareholders rather than a material insider purchase or sale. The filing was executed via power of attorney, which is common for timely compliance.

Corporate Governance Expert

TL;DR: Governance action consistent with typical director compensation practices.

The entry documents a restricted stock grant to a director, with customary forfeiture restrictions until the next annual meeting, indicating retention incentives. The disclosure and incorporation of an existing power of attorney suggest proper reporting controls. There are no indications of departures, policy changes, or material governance events in this filing.

SEC Form 4

FORM 4

UNITED 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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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^*

Sanders Richard A

(Last) (First) (Middle)

DR. LUIS BONAVITA 1294, OF. 1733

TOWER II

(Street)

MONTEVIDEO X3 11300

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MERCADOLIBRE INC [ MELI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/07/2025		A		64(1)	A	$0	414(2)	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents 64 shares of stock, subject to forfeiture and transfer restrictions until the next annual meeting of the shareholders of MercadoLibre, Inc. following the transaction date (the "Restricted Stock").

2. Represents 64 shares of Restricted Stock and 350 shares of common stock.

Remarks:

The Power of Attorney for Richard Sanders is filed as an exhibit to the Form 3 filed by Mr. Sanders with the Securities and Exchange Commission on February 22, 2022, which is hereby incorporated by reference.

	/s/ Jacobo Cohen Imach (Attorney-in-fact)	08/08/2025
	** 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 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.

FAQ

What did MELI director Richard A. Sanders report on Form 4?

The Form 4 reports that Mr. Sanders acquired 64 restricted shares of MercadoLibre common stock on 08/07/2025, granted at $0 and subject to forfeiture until the next annual meeting.

How many MELI shares does Richard Sanders beneficially own after this transaction?

After the reported transaction Mr. Sanders beneficially owned 414 shares in total (64 restricted shares plus 350 common shares).

Were the shares acquired for cash or were they granted?

The 64 shares were granted at a reported price of $0, indicating a restricted stock award rather than a cash purchase.

Are there restrictions on the newly acquired shares?

Yes, the 64 restricted shares are subject to forfeiture and transfer restrictions until the next annual meeting of shareholders.

Who signed the Form 4 filing for Richard Sanders?

The Form 4 was signed by an attorney-in-fact, Jacobo Cohen Imach, on 08/08/2025, and the filing references a power of attorney previously filed on Mr. Sanders' Form 3.