MercadoLibre (MELI) Form 4: Dubugras granted 64 RSUs, sold 376

MercadoLibre director Henrique Dubugras reported changes in his beneficial ownership of MELI stock.

Rhea-AI Filing Summary

MercadoLibre director Henrique Dubugras reported changes in his beneficial ownership of MELI stock. The filing discloses an indirect holding of 845 common shares held through TDB Capital LLC, a direct disposition of 376 common shares, and the grant/acquisition of 64 restricted stock units (RSUs) that convert into 64 shares at a $0 conversion price. The RSUs are held directly and are reported as acquired on 08/07/2025.

The form states the RSUs vest 100% at the company’s 2026 annual shareholders’ meeting (date not yet determined). The filing does not disclose transaction prices for the common stock disposition or additional contextual details about prior holdings beyond the amounts reported here.

Insights

Securities Analyst

TL;DR: Routine insider activity: small direct sale, modest indirect holdings, and a time‑locked RSU grant that vests at the 2026 meeting.

The filing shows a director-level insider reporting a direct sale of 376 shares, an indirect holding of 845 shares via TDB Capital LLC, and receipt of 64 RSUs that vest fully at the 2026 annual meeting. These transactions are modest in size relative to a large-cap issuer and the RSUs are time‑restricted, indicating compensation rather than market-motivated trading. No prices for the common stock disposition are reported in the form.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 requirements; RSU vesting tied to the annual meeting is a standard compensation practice.

The report documents required disclosure of beneficial ownership changes for a director. The 100% vesting condition at the 2026 shareholders’ meeting is explicitly stated, clarifying the timing of economic interest. Indirect ownership via an entity (TDB Capital LLC) is properly identified. No regulatory flags or governance-related exceptions are apparent from the information provided.

Insider Trade Summary

Grant/Award: 64 shares

Grant/Award 3 txns

Insider Dubugras Henrique Vasoncelos

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	64	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 64 contracts (Direct); Common Stock — 845 shares (Indirect, By TDB Capital LLC); Common Stock — 376 shares (Direct)

Footnotes (1)

1. F1. 100% of restricted stock units vest upon the 2026 annual shareholders' meeting of the Company, the date of which has not yet been determined.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did MercadoLibre director Henrique Dubugras report on his Form 4 (MELI)?

He reported an indirect holding of 845 common shares via TDB Capital LLC, a direct disposition of 376 common shares, and the acquisition of 64 RSUs.

When do the 64 RSUs reported for MELI vest?

The RSUs vest 100% at the 2026 annual shareholders' meeting; the exact meeting date is not specified in the filing.

Were prices disclosed for the common stock transactions in the Form 4?

The filing does not disclose transaction prices for the common stock disposition; the RSUs show a $0 conversion price in the form.

Is the reported 845-share position direct or indirect ownership?

The 845 shares are held indirectly through TDB Capital LLC, as indicated on the form.

Does this Form 4 filing indicate any control or 10% ownership change for MELI?

No. The filing identifies the reporting person as a Director and does not indicate a 10% ownership change.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/08/2025 - 04:50 PM Learn about SEC filing dates

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

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).

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^*

Dubugras Henrique Vasoncelos

(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								845	I	By TDB Capital LLC
Common Stock								376	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
Restricted Stock Units	$0	08/07/2025		A		64		(1)	(1)	Common Stock	64	$0	64	D

Explanation of Responses:

1. 100% of restricted stock units vest upon the 2026 annual shareholders' meeting of the Company, the date of which has not yet been determined.

Remarks:

The Power of Attorney for Henrique Dubugras is filed as an exhibit to the Form 3 filed by Mr. Dubgugras with the Securities and Exchange Commission on June 9, 2021, 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.
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