ULTRAPAR HOLDINGS INC Insider Trading Activity

Mascarenhas Marina Guimaraes Moreira reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Mascarenhas Marina Guimaraes Moreira reported acquisition or exercise transactions in this Form 4 filing.

ULTRAPAR HOLDINGS INC legal officer Marina Guimaraes Moreira Mascarenhas received a grant of 10,069 restricted shares on April 24, 2026. Each restricted share represents a contingent right to receive one common share and vests over time until April 24, 2029.

After this award, her directly held position reported in the filing is 286,590 shares, indicating this is a routine compensation-related equity grant rather than an open-market purchase or sale.

Insider Trade Summary

Grant/Award: 10,069 shares

Grant/Award 1 txn

Insider Mascarenhas Marina Guimaraes Moreira

Role Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Shares	10,069	$0.00	$0.00

Holdings After Transaction: Restricted Shares — 286,590 contracts (Direct)

Footnotes (2)

1. F1. Each restricted share represents a contingent right to receive one common share.
2. F2. Restricted shares that vest until April 24, 2029.

Key Figures

Restricted shares granted: 10,069 shares Grant price per share: $0.0000 per share Total shares after transaction: 286,590 shares +2 more

5 metrics

Restricted shares granted 10,069 shares Grant on April 24, 2026 under code A (award)

Grant price per share $0.0000 per share Compensation grant, not open-market purchase

Total shares after transaction 286,590 shares Direct holdings following the reported award

Underlying common shares 10,069 shares Each restricted share equals one common share

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

Key Terms

Restricted Shares, Common Shares, Grant, award, or other acquisition, total shares following transaction, +1 more

5 terms

Restricted Shares financial

"security_title: "Restricted Shares" and footnote explaining each represents a contingent right"

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.

Common Shares financial

"underlying_security_title: "Common Shares" tied to each restricted share"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition" for code A"

total shares following transaction financial

""total_shares_following_transaction": "286590.0000" indicating post-grant holdings"

derivative financial

""transaction_type": "derivative" describing the restricted share instrument"

A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.

FAQ

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

What did Ultrapar (UGP) insider Marina Mascarenhas report on this Form 4?

The Form 4 reports that Ultrapar legal officer Marina Guimaraes Moreira Mascarenhas received 10,069 restricted shares. These represent contingent rights to common shares and are part of her equity compensation, not an open-market trade, and increase her reported direct holdings to 286,590 shares.

Are the Ultrapar (UGP) transactions by Marina Mascarenhas a buy or a grant?

The transaction is a grant of restricted shares, not an open-market buy. The filing classifies it under code A as a grant, award, or other acquisition, with a price of $0.0000 per share, reflecting compensation rather than a market purchase for cash.

When do Marina Mascarenhas’s Ultrapar (UGP) restricted shares vest?

The filing states that the restricted shares vest until April 24, 2029. This means the 10,069 awarded restricted shares become common shares over a vesting schedule that runs through that date, aligning her compensation with longer-term company performance and retention.

How many Ultrapar (UGP) shares does Marina Mascarenhas hold after this Form 4?

After the reported grant, total shares following the transaction are 286,590. This figure reflects her direct ownership reported in the filing and shows the new 10,069 restricted shares add to an already substantial existing equity position in Ultrapar.

Does the Ultrapar (UGP) Form 4 show any insider selling activity?

The Form 4 does not report any sales; it only shows an acquisition via a restricted share grant. Transaction summaries indicate one acquisition and no disposals, underscoring that this filing reflects routine equity compensation rather than an insider reducing their Ultrapar share exposure.

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

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Accepted by SEC EDGAR 04/28/2026 - 02:01 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^*

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. 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)
	Legal Officer

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		10,069		(2)	(2)	Common Shares	10,069	$0	286,590	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)