PagSeguro director-linked entity buys 498K shares

PagSeguro Digital Ltd. director Luis Frias reported indirect open-market purchases of Class A common shares through a corporation in which he has an interest.

Rhea-AI Filing Summary

PagSeguro Digital Ltd. director Luis Frias reported indirect open-market purchases of Class A common shares through a corporation in which he has an interest. On March 27, 2026, that corporation bought 249,250 Class A shares at $9.99 and another 249,250 shares at $9.94, totaling 498,500 shares acquired.

Following these transactions, reported holdings include 862,441 Class A shares directly, 3,718,313 Class A shares indirectly through a corporation, and 120,459,508 Class B common shares indirectly through a corporation. Frias disclaims beneficial ownership of the indirectly held securities beyond his pecuniary interest.

Insider Trade Summary

Net Buyer: 498,500 shares

Net Buy 5 txns

Insider Frias Luis

Role Director

Bought 498,500 shs ($4.97M)

Type	Security	Shares	Price	Value
Purchase	Class A Common Shares	249,250	$9.99	$2.49M
Purchase	Class A Common Shares	249,250	$9.94	$2.48M
holding	Class A Common Shares	--	--	--
holding	Class A Common Shares	--	--	--
holding	Class B Common Shares	--	--	--

Holdings After Transaction: Class A Common Shares — 6,391,918 shares (Indirect, By Corporation); Class A Common Shares — 862,441 shares (Direct); Class B Common Shares — 120,459,508 shares (Indirect, By Corporation)

Footnotes (4)

1. F1. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
2. F2. The reported transactions involved the acquisition of PagSeguro Digital Ltd.'s class A common shares by the applicable corporation in which the reporting person has an interest.
3. F3. The price reported in Column 4 is a weighted average price. There shares were sold in multiple transactions at prices ranging from $9.99 to $10.00, inclusive.
4. F4. The price reported in Column 4 is a weighted average price. There shares were sold in multiple transactions at prices ranging from $9.88 to $9.97, inclusive.

Key Figures

First block purchased: 249,250 shares at $9.99 Second block purchased: 249,250 shares at $9.94 Total Class A shares bought: 498,500 shares +3 more

6 metrics

First block purchased 249,250 shares at $9.99 Class A open-market purchase on March 27, 2026

Second block purchased 249,250 shares at $9.94 Class A open-market purchase on March 27, 2026

Total Class A shares bought 498,500 shares Net open-market purchases by associated corporation

Direct Class A holding 862,441 shares Shares held directly after March 27, 2026

Indirect Class A holding 3,718,313 shares Shares held indirectly through a corporation after transactions

Indirect Class B holding 120,459,508 shares Class B common shares held indirectly through a corporation

Key Terms

open-market purchase, beneficial ownership, Class A Common Shares, Class B Common Shares, +1 more

5 terms

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

beneficial ownership financial

"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Class A Common Shares financial

"security_title": "Class A Common Shares""

A Class A common share is a specific type of ordinary company share that represents an ownership stake and usually carries particular voting rights or payout priorities compared with other share classes. For investors it matters because those differences affect how much influence you have over company decisions, how dividends or liquidation proceeds might be distributed, and how easily the shares trade — like choosing between car models where one has extra features (more control) and another focuses on price or availability (liquidity).

Class B Common Shares financial

"security_title": "Class B Common Shares""

Class B common shares are one of multiple types of a company’s ordinary stock that usually differ from other classes in voting power, dividend priority, or transferability. For investors, the difference matters because owning Class B may mean less control over corporate decisions or different income potential compared with other share classes—like having a seat with fewer votes at a board meeting while still sharing in the company’s profits.

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

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

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Accepted by SEC EDGAR 03/31/2026 - 07:38 PM EDT 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^*

Frias Luis

(Last) (First) (Middle)

AV. BRIGADEIRO FARIA LIMA, 1384, 11TH FL

(Street)

SAO PAULO 01452-002

(City) (State) (Zip)

BRAZIL

(Country)

2. Issuer Name and Ticker or Trading Symbol
PagSeguro Digital Ltd. [ PAGS ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Shares								862,441	D
Class A Common Shares	03/27/2026		P		249,250	A(2)	$9.99(3)	514,040	I	By Corporation
Class A Common Shares								3,718,313(1)	I	By Corporation
Class B Common Shares								120,459,508(1)	I	By Corporation
Class A Common Shares	03/27/2026		P		249,250	A(2)	$9.94(4)	2,673,605(1)	I	By Corporation

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. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

2. The reported transactions involved the acquisition of PagSeguro Digital Ltd.'s class A common shares by the applicable corporation in which the reporting person has an interest.

3. The price reported in Column 4 is a weighted average price. There shares were sold in multiple transactions at prices ranging from $9.99 to $10.00, inclusive.

4. The price reported in Column 4 is a weighted average price. There shares were sold in multiple transactions at prices ranging from $9.88 to $9.97, inclusive.

	/s/ Luis Frias	03/31/2026
	** 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.
* Form 4: SEC 1474 (03-26)