PagSeguro (NYSE: PAGS) director Luis Frias reports initial share stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
PagSeguro Digital Ltd. director Luis Frias filed an initial Form 3 reporting his ownership of the company’s shares. He reports 862,441 Class A Common Shares held directly, plus additional Class A and Class B shares held indirectly through corporations.
The indirect positions include 264,790, 3,718,313 and 2,424,355 Class A Common Shares, as well as 120,459,508 Class B Common Shares, all held by corporations. A footnote states he disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, so the filing focuses on disclosure of existing stakes rather than any new transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Frias Luis
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Shares | -- | -- | -- |
| holding | Class A Common Shares | -- | -- | -- |
| holding | Class A Common Shares | -- | -- | -- |
| holding | Class B Common Shares | -- | -- | -- |
| holding | Class A Common Shares | -- | -- | -- |
Holdings After Transaction:
Class A Common Shares — 862,441 shares (Direct);
Class A Common Shares — 264,790 shares (Indirect, By Corporation);
Class B Common Shares — 120,459,508 shares (Indirect, By Corporation)
Footnotes (1)
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FAQ
What does PagSeguro (PAGS) disclose in Luis Frias’s Form 3?
The Form 3 shows director Luis Frias reporting his existing ownership in PagSeguro Digital Ltd., including direct and indirect holdings of Class A and Class B Common Shares. It is an initial ownership statement, not a record of new trades.
What is the significance of the beneficial ownership disclaimer in Luis Frias’s PagSeguro filing?
A footnote states that Luis Frias disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest. This means some shares are held by related corporations, and he does not claim full economic or voting control over all reported positions.