Ultrapar (UGP) Ultragaz CEO Bertelli reports over 1.8M share interests

Rhea-AI Filing Summary

Ultrapar Holdings executive Costa Tabajara Bertelli, CEO of Ultragaz, reported his initial ownership on a Form 3. He holds restricted shares representing contingent rights to receive 1,504,991 common shares that vest from April 20, 2026 until October 1, 2034, plus 392,463 common shares held directly.

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^*

Costa Tabajara Bertelli

(Last) (First) (Middle)

BRIGADEIRO LUIS ANTONIO AVENUE, NO. 1343

5TH 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)
	CEO - Ultragaz

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	392,463	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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Shares	(1)	(1)	Common Shares	1,504,991	(2)	D

Explanation of Responses:

1. Includes restricted shares that vest from April 20, 2026 until October 01, 2034.

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

Remarks:

Exhibit 24.1 - Power of Attorney Officer Title: Chief Executive Officer - Ultragaz

	/s/ Larissa Lordaro Pessoa, attorney-in-fact for Tabajara Bertelli Costa	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 insider holdings did UGP executive Costa Tabajara Bertelli report on this Form 3?

Costa Tabajara Bertelli reported direct ownership of restricted shares tied to 1,504,991 underlying common shares plus 392,463 common shares. The restricted shares are contingent rights that convert into common shares as they vest over time.

How do the restricted shares reported by UGP’s Costa Tabajara Bertelli work?

Each restricted share represents a contingent right to receive one common share. These restricted shares vest gradually between April 20, 2026 and October 1, 2034, aligning Bertelli’s long-term incentives with Ultrapar Holdings’ share performance over that period.

When do Costa Tabajara Bertelli’s restricted shares in Ultrapar Holdings (UGP) vest?

The restricted shares vest over a long schedule from April 20, 2026 until October 1, 2034. This extended vesting period spreads potential share delivery across several years, encouraging continued service and long-term focus by the Ultragaz CEO.

How many Ultrapar Holdings (UGP) common shares are tied to Bertelli’s restricted shares?

The filing shows restricted shares linked to 1,504,991 underlying common shares. Because each restricted share converts into one common share upon vesting, this figure indicates the full potential common share delivery if all vesting conditions are met.

Does the UGP Form 3 show any insider buying or selling by Costa Tabajara Bertelli?

The Form 3 lists Bertelli’s holdings but does not report any buy or sell transactions. It records his existing restricted share awards and 392,463 directly held common shares as of the reporting date, serving as a baseline ownership disclosure.