UGP executive equity grant and vesting detailed

ULTRAPAR HOLDINGS INC executive equity award and vesting event.

Rhea-AI Filing Summary

ULTRAPAR HOLDINGS INC executive equity award and vesting event. CEO Ultragaz Tabajara Bertelli received 90,386 Common Shares as a grant or award on April 20, 2026 at a stated price of $0.0000 per share.

On the same date, 90,386 Restricted Shares tied to the company’s long-term incentive plan were disposed of back to the issuer as they vested into Common Shares on April 20, 2026. Each Restricted Share represented a contingent right to receive one Common Share under a plan approved at the 2023 Annual General Meeting.

Following these transactions, Bertelli directly holds 482,849 Common Shares and 1,414,605 Restricted Shares. The filing shows a shift from unvested Restricted Shares into freely held Common Shares under the long-term incentive structure.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Costa Tabajara Bertelli

Role CEO Ultragaz

Type	Security	Shares	Price	Value
Disposition	Restricted Shares	90,386	$0.00	$0.00
Grant/Award	Common Shares	90,386	$0.00	$0.00

Holdings After Transaction: Restricted Shares — 1,414,605 contracts (Direct); Common Shares — 482,849 shares (Direct)

Footnotes (3)

1. F1. Each restricted share represents a contingent right to receive one common share.
2. F2. Restricted shares vested on April 20, 2026.
3. F3. Reported shares vested in accordance with the long-term incentive plan approved by the Company's shareholders at the 2023 Annual General Meeting.

Key Figures

Common Shares granted: 90,386 shares Restricted Shares disposed: 90,386 shares Common Shares held after: 482,849 shares +1 more

4 metrics

Common Shares granted 90,386 shares Grant/award acquisition on April 20, 2026

Restricted Shares disposed 90,386 shares Disposition to issuer as awards vested on April 20, 2026

Common Shares held after 482,849 shares Direct holdings following the reported transactions

Restricted Shares held after 1,414,605 shares Remaining Restricted Shares after vesting event

Key Terms

Restricted Shares, long-term incentive plan, Disposition to issuer

3 terms

Restricted Shares financial

"The 90,386 Restricted Shares tied to the company’s long-term incentive plan were disposed"

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.

long-term incentive plan financial

"Reported shares vested in accordance with the long-term incentive plan approved"

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

Disposition to issuer financial

"transaction_action": "issuer disposition", "transaction_code_description": "Disposition to issuer""

FAQ

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

What insider transactions did UGP executive Tabajara Bertelli report?

Tabajara Bertelli reported a grant of 90,386 Common Shares and a simultaneous disposition of 90,386 Restricted Shares back to ULTRAPAR HOLDINGS INC. The Restricted Shares vested into Common Shares under the company’s long-term incentive plan, converting contingent rights into directly held stock.

How many ULTRAPAR (UGP) shares does Bertelli hold after this Form 4?

After the reported transactions, Tabajara Bertelli directly holds 482,849 Common Shares and 1,414,605 Restricted Shares of ULTRAPAR HOLDINGS INC. The figures reflect his post-vesting position combining already held stock and remaining unvested awards under the long-term incentive plan.

What is the nature of the 90,386 Common Shares granted to UGP’s Bertelli?

The 90,386 Common Shares granted to Bertelli are described as a grant or award acquisition at a stated price of zero. They relate to Restricted Shares that vested under ULTRAPAR’s long-term incentive plan, turning contingent rights into directly owned Common Shares on April 20, 2026.

Why were 90,386 Restricted Shares of ULTRAPAR (UGP) disposed to the issuer?

The 90,386 Restricted Shares were disposed to the issuer because they vested under ULTRAPAR’s long-term incentive plan. Each Restricted Share represented a contingent right to receive one Common Share, so vesting triggered cancellation of the derivative and issuance of the underlying Common Shares.

What plan governs the Restricted Shares in ULTRAPAR’s Form 4 for Bertelli?

The Restricted Shares are governed by ULTRAPAR HOLDINGS INC’s long-term incentive plan approved by shareholders at the 2023 Annual General Meeting. The filing notes that the reported shares vested in accordance with this plan, converting Restricted Shares into Common Shares for the executive.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/22/2026 - 03:46 PM EDT Learn about SEC filing dates

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)
04/20/2026

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
Common Shares	04/20/2026		A		90,386	A	$0(3)	482,849	D

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)	04/20/2026		D			90,386	(2)	(2)	Common Shares	90,386	$0(3)	1,414,605	D

Explanation of Responses:

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

2. Restricted shares vested on April 20, 2026.

3. Reported shares vested in accordance with the long-term incentive plan approved by the Company's shareholders at the 2023 Annual General Meeting.

	/s/ Larissa Lordaro Pessoa, attorney-in-fact for	04/22/2026
	** 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)