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Nu Holdings (NYSE: NU) CEO reports major Class A and B stakes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Nu Holdings Ltd. director, Chairman and CEO, and more-than-10% owner David Velez Osorno filed an initial ownership report detailing his shareholdings. The filing is a snapshot of existing positions rather than new buy or sell activity.

He indirectly holds Class B ordinary shares that are convertible into Class A shares on a 1-for-1 basis, including 901,624,498 Class B shares through Rua California Ltd. and 1,500,000 Class B shares held by his spouse. He also directly owns 6,250,761 Class A ordinary shares, which include 3,861,558 Class A shares underlying unvested restricted share units that vest based on his continued service. Additional indirect holdings include 698,914 Class A shares held through Rua California Ltd. The filing notes that he disclaims beneficial ownership of certain securities except to the extent of his pecuniary interest.

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Insider Velez Osorno David
Role Chairman and CEO
Type Security Shares Price Value
holding Class B ordinary shares ("Class B Shares") -- -- --
holding Class B Shares -- -- --
holding Class A ordinary shares ("Class A Shares") -- -- --
holding Class A Shares -- -- --
Holdings After Transaction: Class B ordinary shares ("Class B Shares") — 901,624,498 shares (Indirect, By Rua California Ltd.); Class B Shares — 1,500,000 shares (Indirect, By Spouse); Class A ordinary shares ("Class A Shares") — 6,250,761 shares (Direct); Class A Shares — 698,914 shares (Indirect, By Rua California Ltd.)
Footnotes (1)
  1. Figure includes 3,861,558 Class A Ordinary Shares underlying unvested Restricted Share Units (RSUs) associated with prior grant(s). Each RSU represents a contingent right to receive one Class A Ordinary share. These RSUs are subject to the Reporting Person's continued service through the vesting date. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The Class B ordinary shares are convertible into the issuer's Class A Shares on a 1-for-1 basis (a) at the holder's option or (b) upon certain transfers of such shares and have no expiration date.
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SEC Form 3
FORM 3UNITED 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
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Velez Osorno David
(Last)(First)(Middle)
C/O NU HOLDINGS LTD
RUA CAPOTE VALENTE, 39
(Street)
SAO PAULO05409-000
(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
Nu Holdings Ltd. [ NU ]
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)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chairman and CEO
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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 ordinary shares ("Class A Shares")6,250,761(1)D
Class A Shares698,914IBy Rua California Ltd.(2)
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 ExercisableExpiration DateTitleAmount or Number of Shares
Class B ordinary shares ("Class B Shares") (3) (3)Class A Shares901,624,498(3)IBy Rua California Ltd.(2)
Class B Shares (3) (3)Class A Shares1,500,000(3)IBy Spouse(2)
Explanation of Responses:
1. Figure includes 3,861,558 Class A Ordinary Shares underlying unvested Restricted Share Units (RSUs) associated with prior grant(s). Each RSU represents a contingent right to receive one Class A Ordinary share. These RSUs are subject to the Reporting Person's continued service through the vesting date.
2. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
3. The Class B ordinary shares are convertible into the issuer's Class A Shares on a 1-for-1 basis (a) at the holder's option or (b) upon certain transfers of such shares and have no expiration date.
Remarks:
Exhibit List - Exhibit 24.1 - Power of Attorney
/s/ Beatriz Outeiro, attorney-in-fact for David Velez Osorno03/18/2026
** 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 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)

Source: View Original Filing on SEC EDGAR

FAQ

What does Nu Holdings (NU) Form 3 for David Velez Osorno report?

The Form 3 reports David Velez Osorno’s existing ownership in Nu Holdings, including large indirect Class B stakes, direct Class A holdings, and unvested RSUs. It is an initial ownership snapshot, not a record of new share purchases or sales.

How many Class B shares does David Velez Osorno indirectly hold in Nu Holdings (NU)?

David Velez Osorno indirectly holds Class B ordinary shares through related parties, including 901,624,498 Class B shares via Rua California Ltd. and 1,500,000 Class B shares held by his spouse. These holdings reflect significant voting and economic exposure tied to Nu Holdings.

How many Class A shares does David Velez Osorno hold in Nu Holdings (NU)?

He directly owns 6,250,761 Class A ordinary shares and indirectly holds 698,914 Class A shares through Rua California Ltd. Part of the direct Class A position relates to unvested restricted share units that convert into Class A shares upon vesting.

Are David Velez Osorno’s Class B shares in Nu Holdings (NU) convertible?

Yes. The Class B ordinary shares are convertible into Nu Holdings Class A shares on a 1-for-1 basis at the holder’s option or upon certain transfers. The shares have no expiration date, so this conversion right remains outstanding without a set end point.

What restricted share units (RSUs) are disclosed for David Velez Osorno at Nu Holdings (NU)?

The filing states that 3,861,558 Class A ordinary shares underlie unvested RSUs from prior grants. Each RSU represents a contingent right to receive one Class A share, subject to his continued service with the company through the applicable vesting dates.

Does David Velez Osorno disclaim beneficial ownership of any Nu Holdings (NU) shares?

Yes. The filing notes that he disclaims beneficial ownership of certain securities except to the extent of his pecuniary interest. This typically applies to shares held through entities or related parties where economic interest exists but full beneficial ownership is not asserted.