PicS (PICS) CFO discloses 158,678 restricted stock units holding

Rhea-AI Filing Summary

PicS N.V. CFO Rosa Couto Rodrigo Luis filed an initial ownership report showing holdings of restricted stock units (RSUs) tied to the company’s Class A Common Shares. Each RSU represents the right to receive one share, for a total of 158,678 underlying shares held directly.

These RSUs were granted on March 31, 2024, with the remaining installments scheduled to vest pro rata on March 31, 2027, March 31, 2028 and March 31, 2029, subject to her continued service as an officer of PicS N.V.

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^*

Rosa Couto Rodrigo Luis

(Last) (First) (Middle)

AVENIDA MANUEL BANDEIRA

291, BLOCK A, 2ND FLOOR

(Street)

SAO PAULO 05317-020

(City) (State) (Zip)

BRAZIL

(Country)

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

3. Issuer Name and Ticker or Trading Symbol
PicS N.V. [ PICS ]

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO

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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	(2)	Class A Common Shares	158,678	(1)	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents the contingent right to receive one Class A Common Share.

2. Represents RSUs granted on March 31, 2024, the remaining installments of which will vest pro rata on each of March 31, 2027, March 31, 2028 and March 31, 2029, subject to continued service as a officer of the issuer.

Remarks:

Due to the issuer's status as a foreign private issuer pursuant to Rule 3a12-3(b) under the Securities Exchange Act of 1934 (the "Act"), the reporting person's transactions in the issuer's equity securities are exempt from Sections 16(b) and 16(c) of the Act.

	/s/ Rodrigo Luis Rosa Couto	03/19/2026
	** 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 PicS (PICS) CFO Rosa Couto Rodrigo Luis report in this Form 3?

She reports holding restricted stock units linked to PicS Class A Common Shares. The filing shows 158,678 underlying shares through RSUs, all held directly, establishing her initial reported equity-based position as CFO with a multi-year vesting schedule.

How many PicS (PICS) shares are covered by the CFO’s restricted stock units?

The filing shows RSUs covering 158,678 underlying Class A Common Shares. Each restricted stock unit represents the contingent right to receive one share, so this number reflects her full RSU-based interest reported as of the Form 3 filing date.

When were the PicS (PICS) CFO’s restricted stock units granted and how do they vest?

The RSUs were granted on March 31, 2024. The remaining installments are scheduled to vest pro rata on March 31, 2027, March 31, 2028 and March 31, 2029, conditioned on her continued service as an officer of PicS N.V.

What does each PicS (PICS) restricted stock unit represent for the CFO?

Each restricted stock unit represents the contingent right to receive one Class A Common Share. This means the CFO’s 158,678 RSUs correspond to the same number of potential shares, subject to the vesting schedule and continued service conditions described in the filing.

Is the PicS (PICS) CFO’s RSU holding direct or indirect ownership?

The RSU position reported by the CFO is classified as direct ownership. The Form 3 indicates the restricted stock units and their 158,678 underlying Class A Common Shares are held directly, with no separate entity or indirect ownership structure disclosed.

What service conditions apply to the PicS (PICS) CFO’s RSU vesting?

The remaining RSU installments will vest only if she continues serving as an officer of PicS N.V. through each vesting date in 2027, 2028 and 2029, aligning her potential share delivery with ongoing executive service at the company.