Ultrapar (NYSE: UGP) legal officer reports sizeable restricted share stake

Rhea-AI Filing Summary

ULTRAPAR HOLDINGS INC legal officer Marina Guimaraes Moreira Mascarenhas filed an initial ownership report showing 276,521 restricted shares. These restricted shares each represent a contingent right to receive one common share and are scheduled to vest between April 17, 2027 and November 13, 2035.

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^*

Mascarenhas Marina Guimaraes Moreira

(Last) (First) (Middle)

BRIGADEIRO LUIS ANTONIO AVENUE, NO. 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)
	Legal Officer

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	276,521	(2)	D

Explanation of Responses:

1. Includes restricted shares that vest from April 17, 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: Legal Officer

	/s/ Larissa Lordaro Pessoa, attorney-in-fact for Marina Guimaraes Moreira Mascarenhas	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) disclose in this Form 3 filing?

Ultrapar’s Form 3 shows legal officer Marina Guimaraes Moreira Mascarenhas holding 276,521 restricted shares. These represent contingent rights to common shares that vest gradually between April 17, 2027 and November 13, 2035, providing a long-term equity-based compensation position.

How many Ultrapar (UGP) restricted shares does the legal officer hold?

The legal officer reports ownership of 276,521 restricted shares. Each restricted share is a contingent right to receive one common share, forming a substantial equity-linked position that vests over multiple years according to the company’s long-term incentive schedule.

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

The restricted shares vest from April 17, 2027 until November 13, 2035. This long vesting window spreads the legal officer’s potential share delivery over several years, tying compensation to Ultrapar’s long-term performance and ongoing service with the company.

What does each Ultrapar (UGP) restricted share represent?

Each restricted share represents a contingent right to receive one common share of Ultrapar. Actual delivery is dependent on vesting over time, meaning the holder gains full ownership of common shares only as vesting dates are reached under plan terms.

Is this Ultrapar (UGP) Form 3 a buy or sell transaction?

This Form 3 is not a buy or sell report; it is an initial statement of beneficial ownership. It simply discloses the legal officer’s existing position of 276,521 restricted shares and their vesting schedule, without recording any market transaction activity.