Ultrapar (UGP) CFO discloses 233,436 restricted shares vesting through 2035

Rhea-AI Filing Summary

ULTRAPAR HOLDINGS INC executive Alexandre Mendes Palhares, the company’s CFO and investor relations officer, filed an initial ownership report showing he holds restricted shares linked to 233,436 common shares. These restricted shares vest gradually from June 19, 2027 until November 13, 2035.

Each restricted share gives a contingent right to receive one common share, so the filing mainly documents Palhares’ long-term equity-based compensation. It does not report any recent stock purchases or sales, but clarifies his existing stake and the schedule over which these awards may vest.

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

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1. Name and Address of Reporting Person^*

Palhares Alexandre Mendes

(Last) (First) (Middle)

BRIGADEIRO LUIS ANTONIO AVENUE, 1343

9TH FLOOR

(Street)

SAO PAULO SP 01317 910

(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
ULTRAPAR HOLDINGS INC [ UGP ]

3a. Foreign Trading Symbol
[UGPA3]

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO and IRO

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)

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
Restricted Shares	(1)	(1)	Common Shares	233,436	(2)	D

Explanation of Responses:

1. Includes restricted shares that vest from June 19, 2027 until November 13, 2035.

2. Each restricted share represents a contingent right to receive one common share.

Remarks:

Exhibit 24.1 - Power of Attorney Officer Title: CFO and IRO

	/s/ Larissa Lordaro Pessoa, attorney-in-fact for Alexandre Mendes Palhares	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 ULTRAPAR (UGP) CFO Alexandre Mendes Palhares report in this Form 3?

He reports holding restricted shares tied to 233,436 common shares. These equity awards are part of his compensation and vest over several years, documenting his initial ownership position as an executive of ULTRAPAR HOLDINGS INC.

Are there any stock purchases or sales by UGP’s CFO in this Form 3 filing?

No, the filing does not show any stock purchases or sales. It only records an initial ownership position in restricted shares, which represent a contingent right to receive common shares as they vest over time.

How many ULTRAPAR (UGP) common shares are covered by the CFO’s restricted shares?

The restricted shares correspond to 233,436 common shares. Each restricted share equals a contingent right to receive one common share, so the reported total reflects the full potential underlying equity if all awards eventually vest.

Over what period do the UGP CFO’s restricted shares vest?

The restricted shares vest from June 19, 2027 until November 13, 2035. This long vesting schedule shows the awards are structured as multi-year incentives intended to align the executive’s interests with the company’s longer-term performance.

What type of security is reported for UGP’s CFO in this Form 3?

The filing lists restricted shares as the reported security. These restricted shares are derivative in nature because each one represents a contingent right to receive one ULTRAPAR common share when specific vesting conditions and dates are satisfied.

Is the UGP CFO’s ownership in this Form 3 direct or indirect?

The ownership is reported as direct. The filing does not attribute the shares to a trust, LLC, or other entity, so the 233,436 underlying common shares are shown as directly tied to the executive’s restricted share awards.