Point72 Affiliates Report 12.45M Class A Shares of PagSeguro (PAGS)

Rhea-AI Filing Summary

PagSeguro Digital Ltd. disclosed that Point72-affiliated filers collectively beneficially own 12,447,111 Class A common shares, representing 6.7% of the Class A shares outstanding as of the close of business on June 30, 2025. The holdings reported relate to securities held by Point72 Associates and include 77,700 Class A shares issuable upon exercise of options. The reporting persons named are Point72 Asset Management, L.P., Point72 Capital Advisors, Inc., and Steven A. Cohen, each of which reports shared voting and dispositive power over the 12,447,111 shares; none of the reporting persons reports sole voting or dispositive power.

Positive

• Material institutional ownership: Point72-affiliated entities report a 6.7% stake (12,447,111 shares), indicating significant investor interest.
• Option exposure disclosed: The position explicitly includes 77,700 Class A shares issuable upon exercise of options, showing transparent reporting of potential dilution.

Negative

• No sole voting or dispositive power: All reported shares are held with shared voting and dispositive authority, so no single reporting person claims unilateral control.
• Potential coordination risk: Shared control across affiliated entities may complicate accountability for voting decisions compared with a sole holder.

Insights

Financial Analyst

TL;DR: Point72 entities disclose a meaningful 6.7% Class A stake (12.45M shares), held with shared voting control and including option exposure.

The disclosed position represents a material minority stake in PagSeguro's Class A shares and signals active institutional ownership without sole control. The inclusion of 77,700 shares issuable upon exercise of options modestly increases economic exposure. Shared voting and dispositive power suggests coordinated management of the position across Point72 vehicles rather than direct, unilateral control by any single reporting person. For investors, this filing documents significant institutional interest but does not indicate a change in control or a sole controlling shareholder.

Corporate Governance Expert

TL;DR: Reporting shows coordinated Point72 ownership with shared governance rights; no sole voting power and no group dissolution noted.

The Schedule 13G/A clarifies that Point72 Asset Management, Point72 Capital Advisors and Steven A. Cohen share voting and dispositive authority over the reported shares. This structure is consistent with an investment-management relationship and does not assert beneficial ownership by any single entity in isolation. The filer certifies the holdings were not acquired to change or influence control. From a governance perspective, shareholders should note active institutional ownership but also that voting influence is exercised collectively through the manager and general partner relationships described in the filing.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

PagSeguro Digital Ltd.

(Name of Issuer)

Class A common shares, par value $0.000025 per share

(Title of Class of Securities)

G68707101

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G68707101

1

Names of Reporting Persons

Point72 Asset Management, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,447,111.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 12,447,111.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,447,111.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.7 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: Includes 77,700 Class A Common Shares (as defined in Item 2(a)) issuable upon exercise of options.

SCHEDULE 13G

CUSIP No. G68707101

1

Names of Reporting Persons

Point72 Capital Advisors, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,447,111.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 12,447,111.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,447,111.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.7 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Includes 77,700 Class A Common Shares issuable upon exercise of options.

SCHEDULE 13G

CUSIP No. G68707101

1

Names of Reporting Persons

Steven A. Cohen

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,447,111.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 12,447,111.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,447,111.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.7 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Includes 77,700 Class A Common Shares issuable upon exercise of options.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PagSeguro Digital Ltd.
(b)	Address of issuer's principal executive offices: Conyers Trust Company (Cayman) Limited, Cricket Square, Hutchins Drive, POB 2681 Grand Cayman, E9, KY1-1111
Item 2.
(a)	Name of person filing: This statement is filed by: (i) Point72 Asset Management, L.P. ("Point72 Asset Management") with respect to the class A common shares, par value $0.000025 per share ("Class A Common Shares"), of PagSeguro Digital Ltd. held by (and underlying options held by) Point72 Associates, LLC, an investment fund it manages ("Point72 Associates"); (ii) Point72 Capital Advisors, Inc. ("Point72 Capital Advisors Inc.") with respect to Class A Common Shares held by (and underlying options held by) Point72 Associates; and (iii) Steven A. Cohen ("Mr. Cohen") with respect to Class A Common Shares beneficially owned by Point72 Asset Management and Point72 Capital Advisors Inc. Cubist Systematic Strategies, LLC is an advisor under common control with Point72 Asset Management, and acts as a sub-advisor with respect to a portion of the Class A Common Shares reported herein.
(b)	Address or principal business office or, if none, residence: The address of the principal business office of Point72 Asset Management, Point72 Capital Advisors Inc., and Mr. Cohen is 72 Cummings Point Road, Stamford, CT 06902.
(c)	Citizenship: Point72 Asset Management is a Delaware limited partnership. Point72 Capital Advisors Inc. is a Delaware corporation. Mr. Cohen is a United States citizen.
(d)	Title of class of securities: Class A common shares, par value $0.000025 per share
(e)	CUSIP No.: G68707101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on June 30, 2025. Point72 Asset Management, Point72 Capital Advisors Inc., and Mr. Cohen own directly no Class A Common Shares. Pursuant to an investment management agreement, Point72 Asset Management maintains investment and voting power with respect to the securities held by Point72 Associates. Point72 Capital Advisors Inc. is the general partner of Point72 Asset Management. Mr. Cohen controls each of Point72 Asset Management and Point72 Capital Advisors Inc. The filing of this statement should not be construed as an admission that any of the foregoing persons or any Reporting Person is, for the purposes of Section 13 of the Securities and Exchange Act of 1934, the beneficial owner of the Class A Common Shares reported herein.
(b)	Percent of class: 6.7%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on June 30, 2025.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on June 30, 2025.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on June 30, 2025.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on June 30, 2025.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Item 2(a). Point72 Associates has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5 percent of the outstanding Class A Common Shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Point72 Asset Management, L.P.

Signature:	/s/ Jason M. Colombo
Name/Title:	Jason M. Colombo, Authorized Person
Date:	08/14/2025

Point72 Capital Advisors, Inc.

Signature:	/s/ Jason M. Colombo
Name/Title:	Jason M. Colombo, Authorized Person
Date:	08/14/2025

Steven A. Cohen

Signature:	/s/ Jason M. Colombo
Name/Title:	Jason M. Colombo, Authorized Person
Date:	08/14/2025

FAQ

What stake did Point72 report in PagSeguro (PAGS)?

Point72-affiliated filers reported beneficial ownership of 12,447,111 Class A shares, representing 6.7% of the Class A shares outstanding.

Do any of the reporting persons report sole voting power over these PAGS shares?

No. The filing states 0 sole voting power and reports shared voting power of 12,447,111 shares for each reporting person.

Does the reported position include options or other instruments for PAGS?

Yes. The disclosure includes 77,700 Class A Common Shares issuable upon exercise of options.

Which entities filed this Schedule 13G/A for PAGS?

The filing was made by Point72 Asset Management, L.P., Point72 Capital Advisors, Inc., and Steven A. Cohen.

As of what date is the ownership information reported?

The ownership is reported as of the close of business on June 30, 2025.