Stichting JAB tied to PicS (PICS) adds 20,800 Class A shares

Filing Impact

(Moderate)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

Stichting JAB, an entity associated with PicS N.V. director Jose Antonio Batista Costa, reported an open-market purchase of 20,800 Class A common shares. The weighted average purchase price was $9.73 per share, with individual trades ranging from $9.36 to $10.24.

After this transaction, Stichting JAB held 4,376,109 Class A common shares. The filing notes that Batista Costa is a beneficiary of Stichting JAB and disclaims beneficial ownership of these securities except to the extent of any pecuniary interest.

Insider Trade Summary

Net Buyer: 20,800 shares ($202,384)

Net Buy 1 txn

Insider Batista Costa Jose Antonio

Role null

Bought 20,800 shs ($202K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Shares	20,800	$9.73	$202K

Holdings After Transaction: Class A Common Shares — 4,376,109 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 $9.36 to $10.24. 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. 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: 20,800 shares Weighted average price: $9.73 per share Price range: $9.36–$10.24 per share +1 more

4 metrics

Shares purchased 20,800 shares Class A common shares bought in open market on 2026-06-09

Weighted average price $9.73 per share Average purchase price for 20,800 shares

Price range $9.36–$10.24 per share Range of individual trade prices for the purchase

Shares held after transaction 4,376,109 shares Total Class A common shares held by Stichting JAB after purchase

Key Terms

weighted average price, beneficial ownership, pecuniary interest, open-market purchase

4 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."

open-market purchase financial

"transaction_action: open-market purchase"

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.

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Form 4 Insider Transactions: What Each Field Means →

06/10/2026 - 03:27 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)
06/09/2026

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	06/09/2026		P		20,800	A	$9.73⁽¹⁾	4,376,109	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)
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 $9.36 to $10.24. 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	06/10/2026
	** 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) disclose in this Form 4?

PicS N.V. reported that Stichting JAB, linked to director Jose Antonio Batista Costa, bought 20,800 Class A common shares. The purchase was an open-market transaction at a weighted average price of $9.73 per share, within a $9.36–$10.24 range.

Who actually holds the PicS (PICS) shares from this reported purchase?

The shares are held directly by Stichting JAB, a Dutch foundation. The filing explains that Batista Costa is a beneficiary of Stichting JAB and disclaims beneficial ownership of these securities except for any pecuniary interest he may have in them.

What price did Stichting JAB pay for the 20,800 PicS (PICS) shares?

The reported weighted average price was $9.73 per PicS Class A common share. Footnotes state the securities were purchased in multiple trades, with individual prices ranging from $9.36 up to $10.24 during the transaction date.

How many PicS (PICS) shares does Stichting JAB hold after this transaction?

Following the open-market purchase, Stichting JAB held 4,376,109 PicS Class A common shares. This figure reflects the total indirect holdings reported for this entity after adding the 20,800 newly purchased shares detailed in the Form 4 filing.

Is the PicS (PICS) director considered the direct owner of the purchased shares?

No, the shares are held directly by Stichting JAB, not by the director personally. The filing states that Batista Costa is a beneficiary of Stichting JAB and expressly disclaims beneficial ownership except to the extent of any pecuniary interest.