Patria Investments (PAX) director discloses 40,434-share holding

Rhea-AI Filing Summary

Patria Investments Ltd director Pablo Echeverria Benitez has filed an initial ownership report showing holdings in the company. The filing reports beneficial ownership of 40,434 Class A Common Shares, made up of 20,217 unvested restricted share units and 20,217 Class A Common Shares held directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Benitez Pablo Echeverria

Role Director

Type	Security	Shares	Price	Value
holding	Class A Common Shares	--	--	--

Holdings After Transaction: Class A Common Shares — 40,434 shares (Direct)

Footnotes (1)

1. F1. Consists of 20,217 unvested restricted share units pursuant to the Issuer's matching share program, and 20,217 Class A Common Shares owned by the Reporting Person.

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FAQ

What does the Patria Investments (PAX) Form 3 filing by Pablo Echeverria Benitez show?

It shows his initial beneficial ownership in Patria Investments. The filing reports 40,434 Class A Common Shares, split between 20,217 unvested restricted share units and 20,217 directly owned Class A Common Shares as of the reporting date.

How many Patria Investments (PAX) shares does Pablo Echeverria Benitez directly own?

He directly owns 20,217 Class A Common Shares. In addition, he has 20,217 unvested restricted share units under the issuer’s matching share program, bringing his total reported beneficial ownership to 40,434 Class A Common Shares.

What portion of Pablo Echeverria Benitez’s Patria Investments (PAX) holdings are unvested awards?

The filing states that 20,217 of his 40,434 reported Class A Common Shares are unvested restricted share units. These RSUs were granted under Patria Investments’ matching share program and will typically vest over time according to plan terms.

Is the Patria Investments (PAX) Form 3 a record of new share purchases or sales?

No, Form 3 is an initial ownership statement, not a trade report. This filing lists Pablo Echeverria Benitez’s existing holdings in Patria Investments, including common shares and unvested restricted share units, without reporting any new purchase or sale transactions.

What role does Pablo Echeverria Benitez hold at Patria Investments (PAX)?

He is identified as a director of Patria Investments Ltd. The Form 3 filing reflects his beneficial ownership position in the company’s Class A Common Shares as a member of the board, combining directly held shares and unvested restricted share units.

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Benitez Pablo Echeverria

(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
	Officer (give title below)		Other (specify below)

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	40,434	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

Explanation of Responses:

1. Consists of 20,217 unvested restricted share units pursuant to the Issuer's matching share program, and 20,217 Class A Common Shares owned by the Reporting Person.

	/s/ Pablo Javier Echeverria Benitez	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)