Stichting JAB buys 22,000 PicS shares at $9.09

PicS N.V. director-associated entity Stichting JAB completed an open-market purchase of 22,000 Class A common shares at a weighted average price of $9.09 per share.

Rhea-AI Filing Summary

PicS N.V. director-associated entity Stichting JAB completed an open-market purchase of 22,000 Class A common shares at a weighted average price of $9.09 per share. The shares are held by Stichting JAB, a Dutch foundation in which director Jose Antonio Batista Costa is a beneficiary and he disclaims beneficial ownership except for any pecuniary interest. Following this transaction, Stichting JAB’s indirect holdings reported for him total 4,291,216 Class A shares.

Insider Trade Summary

Net Buyer: 22,000 shares

Net Buy 1 txn

Insider Batista Costa Jose Antonio

Role Director

Bought 22,000 shs ($200K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Shares	22,000	$9.09	$200K

Holdings After Transaction: Class A Common Shares — 4,291,216 shares (Indirect, By Stichting JAB)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $8.32 to $9.30, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
2. F2. The securities shown in this row are held directly by Stichting JAB, a foundation incorporated under Dutch law. The reporting person is a beneficiary of Stichting JAB. The reporting person disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein.

Key Figures

Shares purchased: 22,000 shares Weighted average price: $9.09 per share Post-transaction indirect holdings: 4,291,216 shares +1 more

4 metrics

Shares purchased 22,000 shares Open-market purchase of Class A Common Shares on 2026-06-04

Weighted average price $9.09 per share Price for 22,000 Class A Common Shares purchased

Post-transaction indirect holdings 4,291,216 shares Class A Common Shares indirectly held via Stichting JAB after transaction

Price range of trades $8.32–$9.30 per share Range of individual transaction prices included in the purchase

Key Terms

open-market purchase, indirect ownership, beneficial ownership, weighted average price, +1 more

5 terms

open-market purchase financial

"Purchase in open market or private transaction"

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.

indirect ownership financial

"ownership_type: "indirect" and ownership_code: "I""

beneficial ownership financial

"The reporting person disclaims beneficial ownership of these securities"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

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.

pecuniary interest financial

"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 insider transaction did PicS (PICS) report in this Form 4?

PicS reported an open-market purchase of 22,000 Class A common shares at a weighted average price of $9.09 per share. The transaction is reported for director Jose Antonio Batista Costa through an associated foundation, Stichting JAB.

Who effectively bought PicS (PICS) shares in this filing?

The purchase was made by Stichting JAB, a foundation incorporated under Dutch law. Director Jose Antonio Batista Costa is a beneficiary of Stichting JAB but disclaims beneficial ownership of the securities except to the extent of any pecuniary interest in them.

At what prices were the PicS (PICS) shares purchased?

The weighted average purchase price was $9.09 per share. According to the disclosure, the individual transactions occurred at prices ranging from $8.32 to $9.30 per share, with the reporting person offering to provide detailed breakdowns on request.

How many PicS (PICS) shares are indirectly held after this transaction?

After the reported transaction, the indirect holdings shown for director Jose Antonio Batista Costa total 4,291,216 Class A common shares. These shares are held directly by Stichting JAB, with the director’s interest reflecting his beneficiary status in that foundation.

Is this PicS (PICS) insider purchase a direct or indirect holding?

The holding is classified as indirect. The Form 4 states the shares are held “By Stichting JAB,” and the ownership code is “I,” indicating indirect ownership associated with the reporting person rather than shares held in his own name.

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

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Accepted by SEC EDGAR 06/08/2026 - 11:11 AM EDT 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^*

Batista Costa Jose Antonio

(Last) (First) (Middle)

AVENIDA MANUEL BANDEIRA, 291

BLOCK A, 2ND FLOOR

(Street)

SAO PAULO SP 05317-020

(City) (State) (Zip)

BRAZIL

(Country)

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

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)
06/04/2026

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	06/04/2026		P		22,000	A	$9.09(1)	4,291,216	I	By Stichting JAB(2)

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 securities were purchased in multiple transactions at prices ranging from $8.32 to $9.30, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

2. The securities shown in this row are held directly by Stichting JAB, a foundation incorporated under Dutch law. The reporting person is a beneficiary of Stichting JAB. 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/ Jose Antonio Batista Costa	06/06/2026
	** 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)