PicS director reports 75,100 RSUs on Form 3

PicS N.V. director Costa de Moura Mauricio has filed an initial ownership report showing equity-based compensation rather than a stock trade.

Accepted by SEC EDGAR 03/18/2026 - 09:52 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

PicS N.V. director Costa de Moura Mauricio has filed an initial ownership report showing equity-based compensation rather than a stock trade. The filing reports 75,100 restricted stock units, each representing the right to receive one Class A Common Share.

The RSUs were granted on July 1, 2024, and the remaining installments will vest pro rata on July 1 of 2026, 2027, 2028 and 2029, as long as he continues serving on the company’s board of directors.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Costa de Moura Mauricio

Role Director

Type	Security	Shares	Price	Value
Holding	Restricted Stock Units	--	--	--

Holdings: Restricted Stock Units — 75,100 contracts (Direct)

Footnotes (2)

1. F1. Each restricted stock unit ("RSU") represents the contingent right to receive one Class A Common Share.
2. F2. Represents RSUs granted on July 1, 2024, the remaining installments of which will vest pro rata on each of July 1, 2026, July 1, 2027, July 1, 2028 and July 1, 2029, subject to continued service as a member of the board of directors of the issuer.

FAQ

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

What does the PicS (PICS) Form 3 filing by Costa de Moura Mauricio report?

The Form 3 reports Costa de Moura Mauricio’s initial beneficial ownership in PicS. It shows 75,100 restricted stock units, each convertible into one Class A Common Share, reflecting his equity-based compensation as a director rather than a current stock purchase or sale.

How many PicS (PICS) shares are covered by Costa de Moura Mauricio’s RSUs?

The filing shows 75,100 restricted stock units for Costa de Moura Mauricio. Each RSU represents the contingent right to receive one Class A Common Share, so the position corresponds to 75,100 underlying Class A shares, subject to the vesting schedule and continued board service.

When do Costa de Moura Mauricio’s PicS (PICS) RSUs vest?

The RSUs were granted on July 1, 2024, with remaining installments vesting pro rata on July 1, 2026, July 1, 2027, July 1, 2028, and July 1, 2029. Vesting depends on his continued service as a member of PicS N.V.’s board of directors.

Are there any buy or sell transactions in this PicS (PICS) Form 3 filing?

The Form 3 does not show any buy or sell transactions. It reports a holding of 75,100 restricted stock units as of the filing, reflecting existing equity awards rather than new open-market purchases or sales of PicS Class A Common Shares.

What type of security does Costa de Moura Mauricio hold in PicS (PICS)?

He holds Restricted Stock Units linked to PicS Class A Common Shares. Each RSU represents a contingent right to receive one Class A Common Share, with vesting spread across future dates and conditioned on continued service on the company’s board of directors.

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^*

Costa de Moura Mauricio

(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)

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)

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	75,100	(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 July 1, 2024, the remaining installments of which will vest pro rata on each of July 1, 2026, July 1, 2027, July 1, 2028 and July 1, 2029, subject to continued service as a member of the board of directors 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/ Mauricio Costa de Moura	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)