PicS N.V. reports a Schedule 13G showing beneficial ownership of 4,269,216 Class A common shares (9.9% of the class). The shares are held by Stichting JAB and the filing states that Jose Antonio Batista Costa holds beneficial entitlement to those shares. The filing cites 43,135,919 Class A shares outstanding as of March 31, 2026.
The disclosure is a joint filing by Mr. Costa and Stichting JAB and includes a Joint Filing Agreement as Exhibit 99.1.
Positive
None.
Negative
None.
Insights
Large passive stake disclosed via Schedule 13G; reporting party holds shared voting/dispositive power.
The filing states 4,269,216 Class A common shares are beneficially owned with shared voting and dispositive power reported for Stichting JAB. The filing cites 43,135,919 Class A shares outstanding as of March 31, 2026, producing a 9.9% beneficial ownership figure.
Future disclosures may show changes; the Joint Filing Agreement is included as Exhibit 99.1 and identifies the joint reporting arrangement.
Schedule 13G used for passive investor disclosure; powers are shared through a foundation.
The report classifies beneficial entitlement through Stichting JAB, a Netherlands foundation, with no sole voting or dispositive power reported. The filing follows Rule 13d-1(k)(1) joint filing procedures and attaches the Joint Filing Agreement as Exhibit 99.1.
Materiality depends on subsequent amendments or sales; this filing itself is a static ownership disclosure.
Key Figures
Beneficially owned:4,269,216 sharesPercent of class:9.9%Shares outstanding:43,135,919 shares
3 metrics
Beneficially owned4,269,216 sharesClass A common shares beneficially owned by Reporting Persons
Percent of class9.9%Calculated using 43,135,919 Class A shares outstanding as of March 31, 2026
Shares outstanding43,135,919 sharesClass A shares outstanding as of March 31, 2026 per issuer's Form 20-F
Key Terms
Schedule 13G, beneficial entitlement, shared dispositive power
3 terms
Schedule 13Gregulatory
"Schedule 13G showing beneficial ownership of 4,269,216 Class A common shares"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficial entitlementregulatory
"Mr. Jose Antonio Batista Costa holds the beneficial entitlement to the shares"
shared dispositive powerregulatory
"Shared Dispositive Power 4,269,216.00 reported on the cover page"
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
PicS N.V.
(Name of Issuer)
Class A common shares, par value (euro)0.01 per share
(Title of Class of Securities)
N69958101
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
N69958101
1
Names of Reporting Persons
Jose Antonio Batista Costa
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
BRAZIL
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,269,216.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,269,216.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,269,216.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.9 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: (1) Consists of 4,269,216 Class A common shares, par value (euro)0.01 per share ("Class A Common Shares"), held by Stichting JAB, a foundation incorporated and existing under Dutch law ("Stichting JAB"). Mr. Jose Antonio Batista Costa (the "Reporting Person") holds the beneficial entitlement to the shares in the issuer held by Stichting JAB.
(2) Represents the quotient obtained by dividing: (i) 4,269,216, which is the number of Class A Common Shares beneficially owned by the Reporting Person as set forth in Row 9; by (ii) 43,135,919 Class A Common Shares outstanding as of March 31, 2026 as reported by the issuer in its annual report on Form 20-F for the fiscal year ended December 31, 2025, as filed with the Securities and Exchange Commission on April 30, 2026.
SCHEDULE 13G
CUSIP Number(s):
N69958101
1
Names of Reporting Persons
Stichting JAB
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NETHERLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,269,216.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,269,216.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,269,216.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.9 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: (1) Consists of 4,269,216 Class A common shares, par value (euro)0.01 per share ("Class A Common Shares"), held by Stichting JAB, a foundation incorporated and existing under Dutch law ("Stichting JAB" or the "Reporting Person"). Mr. Jose Antonio Batista Costa holds the beneficial entitlement to the shares in the issuer held by Stichting JAB.
(2) Represents the quotient obtained by dividing: (i) 4,269,216, which is the number of Class A Common Shares beneficially owned by the Reporting Person as set forth in Row 9; by (ii) 43,135,919 Class A Common Shares outstanding as of March 31, 2026 as reported by the issuer in its annual report on Form 20-F for the fiscal year ended December 31, 2025, as filed with the Securities and Exchange Commission on April 30, 2026.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
PicS N.V.
(b)
Address of issuer's principal executive offices:
Avenida Manuel Bandeira, 291, Block A, 2nd Floor, Sao Paulo - SP, Brazil 05317-020
Item 2.
(a)
Name of person filing:
This Schedule 13G is being filed jointly by Jose Antonio Batista Costa and Stichting JAB ("Stichting JAB") (each a "Reporting Person" and, collectively, the "Reporting Persons").
The Reporting Persons have entered into a Joint Filing Agreement, dated as of the date hereof, which is included as Exhibit 99.1 to this Schedule 13G, pursuant to which they have agreed to file this Schedule 13G and any further amendments to this Schedule 13G jointly in accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
(b)
Address or principal business office or, if none, residence:
Jose Antonio Batista Costa's business address is Avenida Manuel Bandeira, 291, Block A, 2nd Floor, Sao Paulo, SP, Brazil, postcode: 05317-020.
Stichting JAB has its principal office at Stroombaan 10, Amstelveen, the Netherlands, postcode: 1181VX.
(c)
Citizenship:
See row 4 of the cover pages to this Schedule 13G.
(d)
Title of class of securities:
Class A common shares, par value (euro)0.01 per share
(e)
CUSIP Number(s):
N69958101
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See row 9 of the cover sheet of each Reporting Person.
(b)
Percent of class:
See row 11 of the cover sheet of each Reporting Person.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See row 5 of the cover sheet of each Reporting Person.
(ii) Shared power to vote or to direct the vote:
See row 6 of the cover sheet of each Reporting Person.
(iii) Sole power to dispose or to direct the disposition of:
See row 7 of the cover sheet of each Reporting Person.
(iv) Shared power to dispose or to direct the disposition of:
See row 8 of the cover sheet of each Reporting Person.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
The information set forth in Item 2 above is incorporated herein by reference.
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Jose Antonio Batista Costa
Signature:
/s/ Jose Antonio Batista Costa
Name/Title:
Jose Antonio Batista Costa
Date:
05/15/2026
Stichting JAB
Signature:
/s/ Andre Alcantara Ocampos
Name/Title:
Andre Alcantara Ocampos/Board Member
Date:
05/15/2026
Signature:
/s/ Carolina Hamaguchi
Name/Title:
Carolina Hamaguchi/Board Member
Date:
05/15/2026
Exhibit Information
99.1 Joint Filing Agreement, dated as of the date hereof, among the Reporting Persons.
What stake does PICS reporting show for Jose Antonio Batista Costa?
The filing shows 4,269,216 Class A common shares as beneficially owned by the reporting persons. That holding represents 9.9% of the Class A shares based on 43,135,919 shares outstanding as of March 31, 2026.
Who holds the legal title to the shares listed in the Schedule 13G for PICS?
The shares are held by Stichting JAB, a foundation incorporated in the Netherlands. The filing states that Mr. Jose Antonio Batista Costa holds the beneficial entitlement to the shares held by Stichting JAB, per the cover-page comments.
Does the Schedule 13G indicate sole voting or dispositive power for PICS shares?
No. The filing reports 0 sole voting power and 0 sole dispositive power; it reports 4,269,216 in shared voting power and shared dispositive power, indicating shared control over voting and disposition.
What document formalizes the joint reporting between Mr. Costa and Stichting JAB (PICS)?
The parties executed a Joint Filing Agreement, dated as of the filing date, which is included as Exhibit 99.1 to the Schedule 13G and governs joint filing responsibilities under Rule 13d-1(k)(1).
