Suzano (NYSE: SUZ) director David Feffer reports major share holdings

Rhea-AI Filing Summary

Suzano S.A. director David Feffer filed an initial ownership report detailing his equity stake. He reports holdings of Performance Restricted Shares that represent 130,394, 115,411 and 131,590 common shares from grants made on 01/02/2024, 01/02/2025 and 01/02/2026, vesting in 2027, 2028 and 2029, respectively, subject to performance conditions. He also reports direct ownership of 53,522,870 common shares and indirect ownership of 367,612,329 common shares held by Suzano Holding S.A., over which he has shared voting and dispositive power. The filing shows existing holdings and does not record any new buy or sell transactions.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Feffer David

Role Director

Type	Security	Shares	Price	Value
holding	Performance Restricted Shares	--	--	--
holding	Performance Restricted Shares	--	--	--
holding	Performance Restricted Shares	--	--	--
holding	Common shares	--	--	--
holding	Common shares	--	--	--

Holdings After Transaction: Performance Restricted Shares — 130,394 shares (Direct); Common shares — 53,522,870 shares (Direct); Common shares — 367,612,329 shares (Indirect, By Suzano Holding S.A.)

Footnotes (1)

1. Common Shares that are represented by Performance Restricted Shares granted on 01/02/2024 and vesting on 01/02/2027. Upon vesting, additional common shares may be delivered subject to the satisfaction of certain performance condition. Common Shares that are represented by Performance Restricted Shares granted on 01/02/2025 and vesting on 01/02/2028. Upon vesting, additional common shares may be delivered subject to the satisfaction of certain performance condition. Common Shares that are represented by Performance Restricted Shares granted on 01/02/2026 and vesting on 01/02/2029. Upon vesting, additional common shares may be delivered subject to the satisfaction of certain performance condition. The amount of 367,612,329 represents the total number of common shares of Suzano S.A. held by Suzano Holding S.A. The reporting person, as a party to the shareholders agreement of Suzano Holding S.A., has shared voting and dispositive power over all such shares.

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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^*

Feffer David

(Last) (First) (Middle)

AV BRIGADEIRO FARIA LIMA 1355

(Street)

SAO PAULO 01452-002

(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
Suzano S.A. [ SUZ ]

3a. Foreign Trading Symbol
[SUZB3]

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
	Officer (give title below)		Other (specify below)

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)
Performance Restricted Shares	130,394(1)	D
Performance Restricted Shares	115,411(2)	D
Performance Restricted Shares	131,590(3)	D
Common shares	53,522,870	D
Common shares	367,612,329(4)	I(4)	By Suzano Holding S.A.

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. Common Shares that are represented by Performance Restricted Shares granted on 01/02/2024 and vesting on 01/02/2027. Upon vesting, additional common shares may be delivered subject to the satisfaction of certain performance condition.

2. Common Shares that are represented by Performance Restricted Shares granted on 01/02/2025 and vesting on 01/02/2028. Upon vesting, additional common shares may be delivered subject to the satisfaction of certain performance condition.

3. Common Shares that are represented by Performance Restricted Shares granted on 01/02/2026 and vesting on 01/02/2029. Upon vesting, additional common shares may be delivered subject to the satisfaction of certain performance condition.

4. The amount of 367,612,329 represents the total number of common shares of Suzano S.A. held by Suzano Holding S.A. The reporting person, as a party to the shareholders agreement of Suzano Holding S.A., has shared voting and dispositive power over all such shares.

Remarks:

	/s/ Victor Conde Valladares Camina as attorney-in-fact for David Feffer	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)

FAQ

What does David Feffer’s Form 3 filing for Suzano S.A. (SUZ) show?

The Form 3 shows David Feffer’s existing equity holdings in Suzano S.A. It lists Performance Restricted Shares from three grant years and large blocks of common shares held directly and indirectly, without reporting any new purchases or sales in this filing.

How many Suzano S.A. common shares does David Feffer hold directly and indirectly?

David Feffer reports 53,522,870 common shares held directly. He also reports indirect beneficial ownership of 367,612,329 common shares held by Suzano Holding S.A., where he has shared voting and dispositive power under a shareholders’ agreement.

What Performance Restricted Shares are reported in Suzano S.A. (SUZ) director David Feffer’s Form 3?

Feffer reports three tranches of Performance Restricted Shares. They represent 130,394, 115,411 and 131,590 common shares from grants dated 01/02/2024, 01/02/2025 and 01/02/2026, which vest in 2027, 2028 and 2029, subject to performance conditions.

Are there any buy or sell transactions in David Feffer’s Suzano S.A. Form 3?

No buy or sell transactions are reported in this Form 3. The entries are classified as holdings, meaning the document serves as an initial statement of beneficial ownership rather than disclosing new trades in Suzano S.A. securities.

How is Suzano Holding S.A. involved in David Feffer’s Suzano S.A. (SUZ) share ownership?

Suzano Holding S.A. holds 367,612,329 Suzano S.A. common shares. As a party to its shareholders’ agreement, Feffer has shared voting and dispositive power over these shares, giving him indirect beneficial ownership alongside his direct holdings.