What direct common share ownership in UGP does Marcos M Lutz report?

He reports direct ownership of 2,122 common shares of Ultrapar Holdings Inc. This is separate from his large restricted share position and reflects common stock already held in his own name, as disclosed in the non-derivative holdings section of the Form 3 filing.

What indirect UGP share ownership does Marcos M Lutz report through his spouse?

He reports indirect ownership of 3,604 common shares held “By Spouse”. These shares are attributed to him as indirect beneficial ownership under SEC rules, even though they are held by his spouse rather than directly in his own name.

Ultrapar director discloses 8.7M restricted share stake

Q: What does the Form 3 filing by Marcos M Lutz for UGP show?

The Form 3 shows director Marcos M Lutz’s initial ownership in Ultrapar Holdings Inc (UGP). It reports large restricted share holdings convertible into common shares, plus smaller direct and indirect common share positions, establishing his equity stake at the time of becoming a reporting insider.

Q: How many restricted shares linked to UGP common stock does Marcos M Lutz hold?

He reports restricted shares representing 8,673,749 underlying common shares. According to the filing, each restricted share is a contingent right to receive one common share, and these restricted shares vest gradually over several years, reflecting a long-term equity-based compensation structure.

Q: When do the UGP restricted shares held by Marcos M Lutz vest?

The restricted shares vest from April 20, 2026 until September 20, 2033. This creates a multi-year vesting schedule that ties his potential receipt of common shares to remaining in place over that period, aligning part of his compensation with long-term company performance.

Ultrapar Holdings Inc. director Marcos M Lutz filed an initial ownership report showing a significant equity position.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Ultrapar Holdings Inc. director Marcos M Lutz filed an initial ownership report showing a significant equity position. He directly holds restricted shares linked to 8,673,749 common shares, which vest from April 20, 2026 through September 20, 2033. Each restricted share represents a contingent right to receive one common share. He also directly owns 2,122 common shares and indirectly owns 3,604 common shares through his spouse.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Lutz Marcos M

Role Director

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

Holdings After Transaction: Restricted Shares — 8,673,749 contracts (Direct); Common Shares — 2,122 shares (Direct); Common Shares — 3,604 shares (Indirect, By Spouse)

Footnotes (2)

F1. Includes restricted shares that vest from April 20, 2026 until September 20, 2033.
F2. Each restricted share represents a contingent right to receive one common share.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 3 filing by Marcos M Lutz for UGP show?

The Form 3 shows director Marcos M Lutz’s initial ownership in Ultrapar Holdings Inc (UGP). It reports large restricted share holdings convertible into common shares, plus smaller direct and indirect common share positions, establishing his equity stake at the time of becoming a reporting insider.

How many restricted shares linked to UGP common stock does Marcos M Lutz hold?

He reports restricted shares representing 8,673,749 underlying common shares. According to the filing, each restricted share is a contingent right to receive one common share, and these restricted shares vest gradually over several years, reflecting a long-term equity-based compensation structure.

When do the UGP restricted shares held by Marcos M Lutz vest?

The restricted shares vest from April 20, 2026 until September 20, 2033. This creates a multi-year vesting schedule that ties his potential receipt of common shares to remaining in place over that period, aligning part of his compensation with long-term company performance.

Does the UGP Form 3 show any recent insider buying or selling by Marcos M Lutz?

No recent buying or selling is indicated. The entries are classified as holdings, with no transaction codes for purchases or sales. The filing simply establishes his existing direct, indirect, and restricted share positions as he becomes a reporting insider for Ultrap ar Holdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 09:55 PM EDT

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^*

Lutz Marcos M

(Last)

(First)

(Middle)

C/O CORTEVA AGRISCIENCE

CHESTNUT RUN PLAZA, 735, 974 CENTRE RD

(Street)

WILMINGTON

DELAWARE

19805

(City)

(State)

(Zip)

UNITED STATES

(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)

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	2,122	D
Common Shares	3,604	I	By Spouse

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	8,673,749	⁽²⁾	D

Explanation of Responses:

1. Includes restricted shares that vest from April 20, 2026 until September 20, 2033.

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

Remarks:

Exhibit 24.1 - Power of Attorney

	/s/ Larissa Lordaro Pessoa, attorney-in-fact for Marcos Marinho Lutz	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)

Source: View Original Filing on SEC EDGAR