PicS CEO reports 1.07M indirect shares on Form 3

PicS N.V. director and Chief Executive Officer Chedid Simoes Eduardo filed an initial ownership report showing 1,067,304 Class A Common Shares held indirectly through Stichting ECS, a Dutch foundation.

Accepted by SEC EDGAR 03/18/2026 - 09:51 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

PicS N.V. director and Chief Executive Officer Chedid Simoes Eduardo filed an initial ownership report showing 1,067,304 Class A Common Shares held indirectly through Stichting ECS, a Dutch foundation. He is a beneficiary of this foundation and disclaims beneficial ownership except for any pecuniary interest.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Chedid Simoes Eduardo

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Holding	Class A Common Shares	--	--	--

Holdings: Class A Common Shares — 1,067,304 shares (Indirect, By Stichting ECS)

Footnotes (1)

1. F1. The securities shown in this row are held directly by Stichting ECS, a foundation incorporated under Dutch law. The reporting person is a beneficiary of Stichting ECS. The reporting person disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein.

FAQ

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

What does PicS N.V. (PICS) Form 3 for Chedid Simoes Eduardo show?

The Form 3 shows Chedid Simoes Eduardo, CEO and director of PicS N.V., reporting indirect ownership of 1,067,304 Class A Common Shares through Stichting ECS, a Dutch foundation where he is a beneficiary but disclaims beneficial ownership beyond any pecuniary interest.

How many PicS N.V. (PICS) shares are reported on this Form 3?

The filing reports 1,067,304 Class A Common Shares. These shares are not held directly by the CEO but are attributed to Stichting ECS, with Eduardo listed as a beneficiary while disclaiming beneficial ownership except to the extent of any pecuniary interest.

Is the PicS N.V. (PICS) CEO’s ownership on Form 3 direct or indirect?

The ownership is indirect. All 1,067,304 Class A Common Shares are held by Stichting ECS, a Dutch foundation. The CEO is a beneficiary of the foundation and specifically disclaims beneficial ownership except for any pecuniary interest in those securities.

Who actually holds the PicS N.V. (PICS) shares reported on this Form 3?

The shares are held by Stichting ECS, a foundation incorporated under Dutch law. The CEO, Chedid Simoes Eduardo, is a beneficiary of this foundation and notes in the filing that he disclaims beneficial ownership except for any pecuniary interest he may have.

Does the PicS N.V. (PICS) Form 3 disclose any insider buying or selling?

The Form 3 is an initial ownership report and does not show any buy or sell transactions. It records a holding entry for 1,067,304 Class A Common Shares held indirectly through Stichting ECS, with no transaction activity indicated in the transaction summary data.

What disclaimer does the PicS N.V. (PICS) CEO include about the reported shares?

He disclaims beneficial ownership of the shares held by Stichting ECS, except for any pecuniary interest. This means he acknowledges a potential economic interest as a beneficiary but does not claim full beneficial ownership or control over the foundation’s PicS N.V. holdings.

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^*

Chedid Simoes Eduardo

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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)
Class A Common Shares	1,067,304	I	By Stichting ECS(1)

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

Explanation of Responses:

1. The securities shown in this row are held directly by Stichting ECS, a foundation incorporated under Dutch law. The reporting person is a beneficiary of Stichting ECS. The reporting person disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein.

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/ Eduardo Chedid Simoes	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)