Ultrapar (NYSE: UGP) Ultragaz CEO receives 37,908 restricted share award

Rhea-AI Filing Summary

Costa Tabajara Bertelli reported acquisition or exercise transactions in this Form 4 filing.

Ultrapar Holdings Inc. executive Costa Tabajara Bertelli, CEO of Ultragaz, received a grant of 37,908 restricted shares tied to the company’s common shares. Each restricted share represents a contingent right to receive one common share and will vest through April 24, 2029. Following this award, he directly holds 1,452,513 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Costa Tabajara Bertelli

Role CEO Ultragaz

Type	Security	Shares	Price	Value
Grant/Award	Restricted Shares	37,908	$0.00	--

Holdings After Transaction: Restricted Shares — 1,452,513 shares (Direct, null)

Footnotes (1)

1. Each restricted share represents a contingent right to receive one common share. Restricted shares that vest until April 24, 2029.

Key Figures

Restricted share award: 37,908 restricted shares Shares after transaction: 1,452,513 shares Vesting end date: April 24, 2029 +1 more

4 metrics

Restricted share award 37,908 restricted shares Grant of restricted shares representing rights to common shares

Shares after transaction 1,452,513 shares Total direct holdings following the restricted share grant

Vesting end date April 24, 2029 Restricted shares vest until this date

Award price per share $0.0000 per share Reported transaction price for restricted share grant

Key Terms

Restricted Shares, contingent right, vest

3 terms

Restricted Shares financial

"security_title: "Restricted Shares""

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

contingent right financial

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

vest financial

"Restricted shares that vest until April 24, 2029."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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. Issuer Name and Ticker or Trading Symbol
ULTRAPAR HOLDINGS INC [ UGP ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO Ultragaz

2a. Foreign Trading Symbol
[UGPA3]

3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Shares	(1)	04/24/2026		A		37,908		(2)	(2)	Common Shares	37,908	$0	1,452,513	D

Explanation of Responses:

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

2. Restricted shares that vest until April 24, 2029.

	/s/ Larissa Lordaro Pessoa, attorney-in-fact for	04/28/2026
	** 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 4 (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 4: SEC 1474 (03-26)

FAQ

What insider transaction did UGP report for Costa Tabajara Bertelli?

Ultrapar Holdings (UGP) reported that Costa Tabajara Bertelli, CEO of Ultragaz, received 37,908 restricted shares. These represent contingent rights to common shares and are part of his equity-based compensation, rather than an open-market stock purchase or sale.

Are the new UGP restricted shares an open-market purchase or sale?

The 37,908 restricted shares granted to Costa Tabajara Bertelli are an equity award, not an open-market purchase or sale. They were issued at no stated price per share as compensation, contingent on future vesting rather than immediate trading activity.

When do Costa Tabajara Bertelli’s UGP restricted shares vest?

The restricted shares granted to Costa Tabajara Bertelli vest up to April 24, 2029. Until they vest, each restricted share represents only a contingent right to receive one common share, aligning his long-term incentives with Ultrapar Holdings’ performance over several years.

How many UGP shares does Costa Tabajara Bertelli hold after this grant?

After receiving the 37,908 restricted shares, Costa Tabajara Bertelli holds 1,452,513 shares directly. This total reflects his position following the reported compensation award and indicates a substantial ongoing equity stake in Ultrapar Holdings’ common shares.

What does each UGP restricted share granted to the CEO represent?

Each restricted share granted to Costa Tabajara Bertelli represents a contingent right to receive one common share of Ultrapar Holdings. These awards typically depend on continued service or performance conditions and only convert into regular shares once the vesting terms are satisfied.