Stichting JAB linked to PicS (PICS) buys 18,500 Class A shares

Filing Impact

(Moderate)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

PicS N.V. director-associated entity Stichting JAB made an open-market purchase of 18,500 Class A Common Shares of PicS. The weighted average purchase price was $9.47 per share, with individual trades executed between $9.12 and $10.85.

Following this transaction, Stichting JAB is reported as holding 4,373,479 Class A Common Shares. The filing also corrects prior Forms 4 that had overstated post-transaction holdings on earlier June trades. The reporting person is a beneficiary of Stichting JAB and disclaims beneficial ownership except for any pecuniary interest.

Insider Trade Summary

Net Buyer: 18,500 shares ($175,195)

Net Buy 1 txn

Insider Batista Costa Jose Antonio

Role null

Bought 18,500 shs ($175K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Shares	18,500	$9.47	$175K

Holdings After Transaction: Class A Common Shares — 4,373,479 shares (Indirect, By Stichting JAB)

Footnotes (1)

The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $9.12 to $10.85. 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. Due to administrative errors, (i) the Form 4 filed by the Reporting Person with the U.S. Securities and Exchange Commission ("SEC") on June 10, 2026 with respect to the transaction that took place on June 8, 2026 misreported the total number of shares held by the Reporting Person as 4,355,309 Class A common shares, rather than the correct number of 4,334,179 Class A common shares; and (ii) the Form 4 filed by the Reporting Person with the SEC on June 10, 2026 with respect to the transaction that took place on June 9, 2026 misreported the total number of shares held by the Reporting Person as 4,376,109 Class A common shares, rather than the correct number of 4,354,979 Class A common shares. The number of Class A common shares reported in this box is the corrected number held by the Reporting Person following the transaction reported on this line of this Form 4. 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: 18,500 shares Weighted average price: $9.47 per share Price range: $9.12–$10.85 per share +3 more

6 metrics

Shares purchased 18,500 shares Open-market purchase of Class A Common Shares

Weighted average price $9.47 per share Average price for 18,500 purchased shares

Price range $9.12–$10.85 per share Range of individual trade prices

Holdings after transaction 4,373,479 shares Class A Common Shares held indirectly by Stichting JAB

Net buy shares 18,500 shares Net change in buy/sell activity in this filing

Transaction date June 10, 2026 Date of reported open-market purchase

Key Terms

weighted average price, beneficial ownership, pecuniary interest, Class A Common Shares, +1 more

5 terms

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.

beneficial ownership financial

"The reporting person disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein."

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.

pecuniary interest financial

"The reporting person disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein."

Class A Common Shares financial

"The number of Class A common shares reported in this box is the corrected number held by the Reporting Person."

A Class A common share is a specific type of ordinary company share that represents an ownership stake and usually carries particular voting rights or payout priorities compared with other share classes. For investors it matters because those differences affect how much influence you have over company decisions, how dividends or liquidation proceeds might be distributed, and how easily the shares trade — like choosing between car models where one has extra features (more control) and another focuses on price or availability (liquidity).

foundation incorporated under Dutch law other

"The securities shown in this row are held directly by Stichting JAB, a foundation incorporated under Dutch law."

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Form 4 Insider Transactions: What Each Field Means →

06/12/2026 - 04:28 PM

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

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)
06/10/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Shares	06/10/2026		P		18,500	A	$9.47⁽¹⁾	4,373,479⁽²⁾	I	By Stichting JAB⁽³⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $9.12 to $10.85. 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. Due to administrative errors, (i) the Form 4 filed by the Reporting Person with the U.S. Securities and Exchange Commission ("SEC") on June 10, 2026 with respect to the transaction that took place on June 8, 2026 misreported the total number of shares held by the Reporting Person as 4,355,309 Class A common shares, rather than the correct number of 4,334,179 Class A common shares; and (ii) the Form 4 filed by the Reporting Person with the SEC on June 10, 2026 with respect to the transaction that took place on June 9, 2026 misreported the total number of shares held by the Reporting Person as 4,376,109 Class A common shares, rather than the correct number of 4,354,979 Class A common shares. The number of Class A common shares reported in this box is the corrected number held by the Reporting Person following the transaction reported on this line of this Form 4.

3. 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	06/12/2026
	** 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 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PicS N.V. (PICS) report in this Form 4?

PicS N.V. reported an open-market purchase of 18,500 Class A Common Shares. The shares were bought at a weighted average price of $9.47 per share, with trades between $9.12 and $10.85, increasing the reporting entity’s indirect holdings.

Who actually holds the PicS N.V. (PICS) shares in this Form 4 filing?

The shares are held by Stichting JAB, a foundation incorporated under Dutch law. The reporting person is a beneficiary of Stichting JAB and formally disclaims beneficial ownership except to the extent of any pecuniary interest in these Class A Common Shares.

How many PicS N.V. (PICS) shares are held after the reported Form 4 trade?

After the reported purchase, Stichting JAB is shown holding 4,373,479 PicS Class A Common Shares. This total reflects corrected holdings, updating previously misreported post-transaction share counts disclosed in earlier Forms 4 filed in June 2026.

At what prices were the PicS N.V. (PICS) shares bought in this Form 4?

The filing lists a weighted average purchase price of $9.47 per share. Footnotes explain the 18,500 Class A shares were acquired in multiple transactions, with individual prices ranging from $9.12 to $10.85 across the executed trades.

Does this PicS N.V. (PICS) Form 4 correct any earlier errors?

Yes. The filing explains that earlier Forms 4 from June 10, 2026 overstated total holdings after June 8 and June 9 trades. This Form 4 provides corrected post-transaction holdings of 4,373,479 Class A shares for the reporting person’s associated entity.

Is the PicS N.V. (PICS) director personally deemed owner of these purchased shares?

The director is identified as a beneficiary of Stichting JAB, which directly holds the shares. The filing states the reporting person disclaims beneficial ownership of these PicS Class A shares except to the extent of any pecuniary interest in them.