Director boosts Patria (PAX) stake with 100,000-share open-market buy

Rhea-AI Filing Summary

Patria Investments Ltd director Neto Olimpio Matarazzo reported open-market purchases of 100,000 Class A Common Shares. On June 3 and June 5, indirect entities associated with him bought shares at weighted average prices of $11.09, $11.14, and $11.46 per share.

After these transactions, indirect holdings through Olympic Bahamas Limited totaled 235,000 Class A Common Shares. Separately, Matarazzo also has direct interests consisting of 71,340 unvested restricted share units, 69,675 unvested matching share units, and 284,709 directly owned Class A Common Shares.

Insights

Equity ownership analyst

Director makes net open-market share purchases, moderately increasing indirect stake.

Director Neto Olimpio Matarazzo executed open-market purchases totaling 100,000 Patria Investments Class A Common Shares at prices between roughly $11.03 and $11.54. These transactions are classified as non-derivative buys, indicating additional cash committed to equity rather than option exercises.

The shares are held indirectly via Olympic Bahamas Limited, which is owned and controlled by Matarazzo, bringing that vehicle’s holdings to 235,000 shares. He also holds 71,340 restricted share units, 69,675 matching share units, and 284,709 directly owned shares, so the purchases increment an already sizable position. Overall, the filing shows a net-buy pattern without any reported sales.

Insider Trade Summary

Net Buyer: 100,000 shares ($1,129,250)

Net Buy 4 txns

Insider Neto Olimpio Matarazzo

Role null

Bought 100,000 shs ($1.13M)

Type	Security	Shares	Price	Value
Purchase	Class A Common Shares	50,000	$11.46	$573K
Purchase	Class A Common Shares	15,000	$11.09	$166K
Purchase	Class A Common Shares	35,000	$11.14	$390K
holding	Class A Common Shares	--	--	--

Holdings After Transaction: Class A Common Shares — 235,000 shares (Indirect, See Footnote); Class A Common Shares — 425,724 shares (Direct, null)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. These Class A Common Shares were purchased in multiple transactions at prices ranging from $11.03 to $11.18, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon full request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4. The price reported in Column 4 is a weighted average price. These Class A Common Shares were purchased in multiple transactions at prices ranging from $11.08 to $11.19, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon full request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (2) to this Form 4. The price reported in Column 4 is a weighted average price. These Class A Common Shares were purchased in multiple transactions at prices ranging from $11.33 to $11.54, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon full request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (3) to this Form 4. Represents Class A Common Shares beneficially owned by Patria Holdings Limited, which were purchased and are directly held by Olympic Bahamas Limited, an entity owned and controlled by the Reporting Person. Consists of 71,340 unvested restricted share units, 69,675 unvested share units pursuant to the Issuer's matching share program, and 284,709 Class A Comon Shares owned by the Reporting Person.

Key Figures

Open-market buy 1: 15,000 shares at $11.09 Open-market buy 2: 35,000 shares at $11.14 Open-market buy 3: 50,000 shares at $11.46 +4 more

7 metrics

Open-market buy 1 15,000 shares at $11.09 Class A Common Shares purchased on June 3, 2026

Open-market buy 2 35,000 shares at $11.14 Class A Common Shares purchased on June 3, 2026

Open-market buy 3 50,000 shares at $11.46 Class A Common Shares purchased on June 5, 2026

Indirect holdings after buys 235,000 shares Class A Common Shares held via Olympic Bahamas Limited

Unvested restricted share units 71,340 units Unvested RSUs held by the director

Unvested matching share units 69,675 units Unvested units under matching share program

Directly owned Class A shares 284,709 shares Class A Common Shares owned directly by the director

Key Terms

weighted average price, restricted share units, matching share program, beneficially owned, +1 more

5 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

restricted share units financial

"Consists of 71,340 unvested restricted share units, 69,675 unvested share units..."

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

matching share program financial

"69,675 unvested share units pursuant to the Issuer's matching share program"

beneficially owned financial

"Represents Class A Common Shares beneficially owned by Patria Holdings Limited..."

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

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^*

Neto Olimpio Matarazzo

(Last) (First) (Middle)

60 NEXUS WAY, 4TH FLOOR

(Street)

CAMANA BAY GRAND CAYMAN KYL-9006

(City) (State) (Zip)

CAYMAN ISLANDS

(Country)

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

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)
06/03/2026

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	06/03/2026		P		15,000	A	$11.09(1)	150,000	I	See Footnote(4)
Class A Common Shares	06/03/2026		P		35,000	A	$11.14(2)	185,000	I	See Footnote(4)
Class A Common Shares	06/05/2026		P		50,000	A	$11.46(3)	235,000	I	See Footnote(4)
Class A Common Shares								425,724(5)	D

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 price reported in Column 4 is a weighted average price. These Class A Common Shares were purchased in multiple transactions at prices ranging from $11.03 to $11.18, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon full request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.

2. The price reported in Column 4 is a weighted average price. These Class A Common Shares were purchased in multiple transactions at prices ranging from $11.08 to $11.19, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon full request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (2) to this Form 4.

3. The price reported in Column 4 is a weighted average price. These Class A Common Shares were purchased in multiple transactions at prices ranging from $11.33 to $11.54, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon full request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (3) to this Form 4.

4. Represents Class A Common Shares beneficially owned by Patria Holdings Limited, which were purchased and are directly held by Olympic Bahamas Limited, an entity owned and controlled by the Reporting Person.

5. Consists of 71,340 unvested restricted share units, 69,675 unvested share units pursuant to the Issuer's matching share program, and 284,709 Class A Comon Shares owned by the Reporting Person.

	/s/ Olimpio Matarazzo Neto	06/05/2026
	** 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)

FAQ

What did Patria Investments (PAX) director Neto Olimpio Matarazzo report in this Form 4?

He reported open-market purchases of 100,000 Patria Investments Class A Common Shares. The transactions were executed at weighted average prices around $11 per share, increasing his indirect holdings through Olympic Bahamas Limited to 235,000 shares, with no sales disclosed in this filing.

At what prices did the Patria Investments (PAX) director buy the Class A shares?

He bought shares at weighted average prices of $11.09, $11.14, and $11.46 per Class A Common Share. Footnotes state each reported price reflects multiple trades within narrower ranges between $11.03 and $11.54, and detailed breakdowns are available upon request from the issuer or the SEC.

How many Patria Investments (PAX) shares does the director now hold indirectly?

Following the reported purchases, indirect holdings through Olympic Bahamas Limited total 235,000 Patria Investments Class A Common Shares. Footnotes explain these shares are beneficially owned by Patria Holdings Limited and directly held by Olympic Bahamas Limited, an entity owned and controlled by the reporting person, Neto Olimpio Matarazzo.

What direct equity interests in Patria Investments (PAX) does the director hold?

His direct interests consist of 71,340 unvested restricted share units, 69,675 unvested share units under the matching share program, and 284,709 directly owned Class A Common Shares. These positions are separate from the 235,000 Class A Common Shares held indirectly through Olympic Bahamas Limited described in the same Form 4.

Does this Patria Investments (PAX) Form 4 include any share sales or only purchases?

The Form 4 shows only open-market purchases totaling 100,000 Class A Common Shares and no reported sales. Transaction summary data classifies three buy transactions, zero sell transactions, and a single holding entry that updates overall direct ownership figures without indicating additional buying or selling activity.