Are there any Petrobras share purchases or sales in this Form 3 filing?

No purchases or sales are indicated. The transaction summary shows zero buy and sell transactions and five holding entries, meaning the Form 3 simply discloses existing phantom share positions rather than reporting market trades in Petrobras stock.

How do dividends affect Coppetti’s Petrobras phantom share holdings?

According to the program description, additional phantom shares are credited proportionally whenever Petrobras pays dividends or interest on equity. This means Coppetti’s phantom share balance can increase over time in line with the company’s cash distributions to shareholders.

Petrobras officer reports phantom share holdings

PETROBRAS - PETROLEO BRASILEIRO SA executive Clarice Coppetti, Chief Corporate Affairs Officer, reported her initial holdings of phantom shares tied to PETR3 common shares.

Accepted by SEC EDGAR 03/12/2026 - 03:31 PM EDT

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

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Form Type

Rhea-AI Filing Summary

PETROBRAS - PETROLEO BRASILEIRO SA executive Clarice Coppetti, Chief Corporate Affairs Officer, reported her initial holdings of phantom shares tied to PETR3 common shares. These entries show compensation-related positions rather than open-market buying or selling.

The filing lists several phantom share tranches with underlying PETR3 amounts, including 3,211.1500 shares scheduled to vest on May 1, 2025, and 6,581.8000 shares vesting on May 1, 2026, 2027, and 2028, plus 3,370.6600 shares vesting on May 1, 2029. According to the program terms, these phantom shares are settled in cash on vesting and receive proportional additional credits when Petrobras pays dividends or interest on equity.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Coppetti Clarice

Role Chief Corp. Affairs Officer

Type	Security	Shares	Price	Value
Holding	Phantom Shares	--	--	--
Holding	Phantom Shares	--	--	--
Holding	Phantom Shares	--	--	--
Holding	Phantom Shares	--	--	--
Holding	Phantom Shares	--	--	--

Holdings: Phantom Shares — 26,327.21 contracts (Direct)

Footnotes (1)

F1. Phantom shares are granted pursuant to the Petrobras Performance Award Program. The phantom shares are referenced to the PETR3 common share price and are settled in cash upon vesting. The deferred portion of the award vests in four equal annual instalments. Additional phantom shares are credited proportionally upon the payment of dividends or interest on equity by the Company.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Petrobras (PBR) Form 3 filed by Clarice Coppetti show?

The Form 3 shows Chief Corporate Affairs Officer Clarice Coppetti’s initial holdings of Petrobras phantom shares. These positions are tied to PETR3 common shares and represent compensation-related awards, not open-market stock purchases or sales.

How many Petrobras phantom shares linked to PETR3 did Coppetti report?

Clarice Coppetti reported several phantom share tranches, including 3,211.1500 underlying PETR3 shares vesting in 2025, three blocks of 6,581.8000 shares vesting from 2026 to 2028, and 3,370.6600 shares vesting in 2029, all held directly as compensation.

What are Petrobras phantom shares under the Performance Award Program?

Petrobras phantom shares are cash-settled awards granted under its Performance Award Program. They reference PETR3 common share prices, vest in four equal annual instalments, and receive additional phantom shares proportionally when Petrobras pays dividends or interest on equity.

Do the reported Petrobras phantom shares give voting rights to Coppetti?

The filing describes the instruments as phantom shares settled in cash upon vesting and referenced to PETR3 prices. It characterizes them as cash-based awards rather than actual shares, so they function as compensation units rather than conveying ordinary share voting rights.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Coppetti Clarice

(Last)

(First)

(Middle)

RUA HENRIQUE VALADARES 28

19 TH FLOOR, A TOWER

(Street)

RIO DE JANEIRO

20231-030

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/12/2026

3. Issuer Name and Ticker or Trading Symbol
PETROBRAS - PETROLEO BRASILEIRO SA [ PBR ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Corp. Affairs Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

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)

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Phantom Shares⁽¹⁾	05/01/2025	⁽¹⁾	PETR3	3,211.15	⁽¹⁾	D
Phantom Shares⁽¹⁾	05/01/2026	⁽¹⁾	PETR3	6,581.8	⁽¹⁾	D
Phantom Shares⁽¹⁾	05/01/2027	⁽¹⁾	PETR3	6,581.8	⁽¹⁾	D
Phantom Shares⁽¹⁾	05/01/2028	⁽¹⁾	PETR3	6,581.8	⁽¹⁾	D
Phantom Shares⁽¹⁾	05/01/2029	⁽¹⁾	PETR3	3,370.66	⁽¹⁾	D

Explanation of Responses:

1. Phantom shares are granted pursuant to the Petrobras Performance Award Program. The phantom shares are referenced to the PETR3 common share price and are settled in cash upon vesting. The deferred portion of the award vests in four equal annual instalments. Additional phantom shares are credited proportionally upon the payment of dividends or interest on equity by the Company.

	Clarice Coppetti	03/12/2026
	** 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.

Source: View Original Filing on SEC EDGAR