What does each Ultrapar (UGP) restricted share represent in this filing?

Each restricted share represents a contingent right to receive one common share. Actual common shares are only issued if the vesting conditions described in the award terms and noted in the filing are met.

Ultrapar (NYSE: UGP) director discloses 24,796 restricted share awards

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ULTRAPAR HOLDINGS INC director Vania Maria Lima Neves has filed an initial ownership report showing equity awards in the company. She reports direct holdings of 24,796 restricted shares, each representing a contingent right to receive one common share. These restricted shares are scheduled to vest on April 3, 2027, and she reports no directly held common shares outside this award.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Neves Vania Maria Lima

Role Director

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

Holdings After Transaction: Restricted Shares — 24,796 shares (Direct); Common Shares — 0 shares (Direct)

Footnotes (2)

F1. Includes restricted shares that vest on April 03, 2027.
F2. Each restricted share represents a contingent right to receive one common share.

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Accepted by SEC EDGAR 03/24/2026 - 07:07 PM

FAQ

What did Ultrapar (UGP) director Vania Maria Lima Neves report in this Form 3?

She reported her initial equity holdings in Ultrapar. The filing shows 24,796 restricted shares, each convertible into one common share, with no separately held common shares disclosed in this report.

How many Ultrapar (UGP) restricted shares does Vania Maria Lima Neves hold?

The Form 3 shows 24,796 restricted shares. These represent contingent rights, where each restricted share can convert into one common share, subject to the vesting conditions described in the filing’s footnotes.

When do the restricted shares reported by Ultrapar (UGP) director vest?

The filing states that the restricted shares vest on April 3, 2027. Vesting must occur before each restricted share converts into a common share, aligning the director’s incentive with longer-term company performance.

Does the Ultrapar (UGP) director hold any common shares directly in this Form 3?

The report shows zero directly held common shares after the reported entries. Her disclosed exposure comes through 24,796 restricted shares that may convert into common shares once vesting conditions are satisfied.

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^*

Neves Vania Maria Lima

(Last)

(First)

(Middle)

BRIGADEIRO LUIS ANTONIO AVENUE, NO. 1343

9TH FLOOR

(Street)

SAO PAULO

01317 910

(City)

(State)

(Zip)

BRAZIL

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/24/2026

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)

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)
Common Shares	0	D

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Restricted Shares	⁽¹⁾	⁽¹⁾	Common Shares	24,796	⁽²⁾	D

Explanation of Responses:

1. Includes restricted shares that vest on April 03, 2027.

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

	Larissa Lordaro Pessoa (power of attorney)	03/24/2026
	** 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)

Source: View Original Filing on SEC EDGAR