Patria Investments (PAX) executive discloses Class A, B and PSU holdings

Rhea-AI Filing Summary

Patria Investments Ltd director and Global Head of Commercial Daniel Rizardi Sorrentino filed an initial statement of beneficial ownership. He directly holds 578,054 Class A common shares, including 21,977 unvested restricted share units, 110,615 unvested matching share units and 445,462 Class A shares. He also indirectly holds Class B common shares convertible into 222,517 Class A shares through entities he controls, which carry 10 votes per share. In addition, he holds several performance share unit awards tied to 85,469, 156,644, 141,653 and 159,257 underlying Class A shares that vest in three equal annual installments starting on the third anniversary of grant, subject to total shareholder return goals and continued employment.

SEC Form 3

FORM 3

UNITED 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

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1. Name and Address of Reporting Person^*

Sorrentino Daniel Rizardi

(Last) (First) (Middle)

60 NEXUS WAY, 4TH FLOOR

(Street)

CAMANA BAY GRAND CAYMAN KY1-9006

(City) (State) (Zip)

CAYMAN ISLANDS

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Patria Investments Ltd [ PAX ]

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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Global Head of Commercial

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 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 Common Shares	578,054	D(1)

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 Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Shares	(2)	(2)	Class A Common Shares	222,517	(2)	I	See Footnote(3)
Performance Share Unit	(4)	(4)	Class A Common Shares	85,469	(4)	D
Performance Share Unit	(4)	(4)	Class A Common Shares	156,644	(4)	D
Performance Share Unit	(4)	(4)	Class A Common Shares	141,653	(4)	D
Performance Share Unit	(4)	(4)	Class A Common Shares	159,257	(4)	D

Explanation of Responses:

1. Consists of 21,977 unvested restricted share units,110,615 unvested restricted share units pursuant to the Issuer's matching share program, and 445,462 Class A Common Shares owned by the Reporting Person.

2. Class B Common Shares are convertible under certain circumstances into an equivalent number of Class A Common Shares. Class B Common Shares are entitled to 10 votes per share.

3. Represents Class B Common Shares beneficially owned by Patria Holdings Limited which are directly held by Peachbay, an entity owned and controlled by the Reporting Person.

4. The Performance Shares vest and are settled in Class A Common Shares in three equal annual installments beginning on the third anniversary of the grant date subject to (i) the achievement of specified Total Shareholder Return goals and (ii) continuous employment through the applicable vesting date.

	/s/ Daniel Rizardi Sorrentino	03/18/2026
	** 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 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)

FAQ

What does the Patria Investments (PAX) Form 3 filing show for Daniel R. Sorrentino?

The Form 3 shows Daniel R. Sorrentino’s initial ownership in Patria Investments, including direct Class A common shares, unvested restricted units, performance share units, and indirect Class B shares convertible into Class A shares, reflecting his overall economic and voting stake in the company.

How many Patria Investments (PAX) Class A shares does Daniel Sorrentino hold directly?

Daniel Sorrentino holds 578,054 Class A common shares directly. This figure includes 21,977 unvested restricted share units, 110,615 unvested matching share units under a company program, and 445,462 Class A shares, indicating a meaningful direct equity position in Patria Investments.

What indirect holdings in Patria Investments (PAX) does Daniel Sorrentino report?

He reports indirect ownership of Class B common shares beneficially owned by Patria Holdings Limited and held by Peachbay, an entity he owns and controls. These Class B shares are convertible into 222,517 Class A shares and carry enhanced voting rights of 10 votes per share.

How do Daniel Sorrentino’s performance share units in Patria Investments (PAX) work?

His performance share units convert into Class A common shares if conditions are met. They vest and settle in three equal annual installments starting on the third anniversary of the grant date, contingent on specified total shareholder return goals and his continued employment with Patria Investments.

What voting rights are attached to Patria Investments (PAX) Class B common shares?

Class B common shares at Patria Investments are convertible into an equivalent number of Class A shares under certain circumstances. Each Class B share carries 10 votes, giving holders significantly greater voting power compared with Class A common shares on a per-share basis.

Does the Patria Investments (PAX) Form 3 show any recent share purchases or sales by Daniel Sorrentino?

The Form 3 functions as an initial ownership statement and lists Daniel Sorrentino’s existing holdings. It does not reflect open-market purchases or sales but instead summarizes his direct and indirect equity interests and performance-based awards as of the reported date.