Patria director buys 30,000 Class A shares

Patria Investments director Olimpio Matarazzo, through Olympic Bahamas Limited, bought a total of 30,000 Class A Common Shares of Patria Investments Ltd in open-market purchases.

Rhea-AI Filing Summary

Patria Investments director Olimpio Matarazzo, through Olympic Bahamas Limited, bought a total of 30,000 Class A Common Shares of Patria Investments Ltd in open-market purchases. He acquired 15,000 shares at a weighted average price of $11.59 on June 1, 2026 and another 15,000 at a weighted average price of $11.74 on June 2, 2026, with trade prices ranging from $11.52 to $11.83. Following these transactions, 135,000 Class A shares are held indirectly via Olympic Bahamas Limited, while 425,724 Class A shares, restricted share units, and matching share units are held directly or through equity awards.

Insider Trade Summary

Net Buyer: 30,000 shares

Net Buy 3 txns

Insider Neto Olimpio Matarazzo

Role Director

Bought 30,000 shs ($350K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Shares	15,000	$11.74	$176K
Purchase	Class A Common Shares	15,000	$11.59	$174K
holding	Class A Common Shares	--	--	--

Holdings After Transaction: Class A Common Shares — 135,000 shares (Indirect, See Footnote); Class A Common Shares — 425,724 shares (Direct)

Footnotes (4)

1. F1. 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 $11.52 to $11.65, 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. F2. 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 $11.69 to $11.83, 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. F3. 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.
4. F4. 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

Shares purchased June 1, 2026: 15,000 shares Shares purchased June 2, 2026: 15,000 shares Price range June 1 trades: $11.52–$11.65 +4 more

7 metrics

Shares purchased June 1, 2026 15,000 shares Open-market purchase at weighted avg $11.59

Shares purchased June 2, 2026 15,000 shares Open-market purchase at weighted avg $11.74

Price range June 1 trades $11.52–$11.65 Weighted average price $11.59

Price range June 2 trades $11.69–$11.83 Weighted average price $11.74

Indirect holdings after trades 135,000 shares Class A Common Shares via Olympic Bahamas Limited

Direct and award-related holdings 425,724 shares/units Includes RSUs, matching units, and common shares

Total net shares bought 30,000 shares Net-buy across reported transactions

Key Terms

open-market purchase, weighted average price, beneficially owned, restricted share units, +1 more

5 terms

open-market purchase financial

"bought a total of 30,000 Class A Common Shares of Patria Investments Ltd in open-market purchases"

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.

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.

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.

restricted share units financial

"Consists of 71,340 unvested restricted 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"

FAQ

What insider transactions did PAX director Olimpio Matarazzo report?

Director Olimpio Matarazzo reported open-market purchases of 30,000 Class A Common Shares of Patria Investments Ltd. These were executed in two 15,000-share tranches on June 1 and June 2, 2026, at weighted average prices near the $11.60–$11.70 range.

At what prices did Olimpio Matarazzo buy Patria Investments (PAX) shares?

Matarazzo bought 15,000 PAX shares at a weighted average price of $11.59 and another 15,000 at $11.74. Footnotes state individual trades occurred in price ranges from $11.52–$11.65 and $11.69–$11.83, respectively.

How many Patria Investments (PAX) shares does Olimpio Matarazzo hold after these trades?

After the reported trades, Matarazzo indirectly holds 135,000 Class A Common Shares via Olympic Bahamas Limited. He also has 425,724 Class A Common Shares and equity awards in direct holdings, including unvested restricted share units and matching share program units.

Were the recent PAX share purchases by Olimpio Matarazzo direct or indirect?

The 30,000 recently purchased PAX shares are indirect holdings. They are beneficially owned through Patria Holdings Limited and directly held by Olympic Bahamas Limited, an entity that the reporting person owns and controls, according to the filing’s footnotes.

What types of equity awards does Olimpio Matarazzo hold in Patria Investments (PAX)?

Matarazzo’s position includes 71,340 unvested restricted share units and 69,675 unvested share units from the issuer’s matching share program, in addition to 284,709 Class A Common Shares owned directly, as detailed in a Form 4 footnote.

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Accepted by SEC EDGAR 06/03/2026 - 05:17 PM 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^*

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)
06/01/2026

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	06/01/2026		P		15,000	A	$11.59(1)	120,000	I	See Footnote(3)
Class A Common Shares	06/02/2026		P		15,000	A	$11.74(2)	135,000	I	See Footnote(3)
Class A Common Shares								425,724(4)	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 $11.52 to $11.65, 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 $11.69 to $11.83, 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. 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.

4. 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	06/03/2026
	** 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)