What does each Ultrapar (UGP) restricted share represent in this Form 4?

Each restricted share represents a contingent right to receive one common share. This structure ties future common share delivery to vesting conditions, so the executive gains full benefit only as those conditions are satisfied over time.

Ultrapar (UGP) People Officer awarded 9,082 restricted shares vesting 2029

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Ultrapar Holdings Inc. People Officer Manuella Carvalho Campos de Oliveira received a grant of 9,082 restricted shares. Each restricted share represents a contingent right to receive one common share and vests over time until April 24, 2029.

After this compensation award, her direct ownership increases to 124,378 common shares. The transaction is reported as a grant or award acquisition rather than an open‑market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider de Oliveira Manuella Carvalho Campos

Role People Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Shares	9,082	$0.00	--

Holdings After Transaction: Restricted Shares — 124,378 shares (Direct, null)

Footnotes (1)

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

Key Figures

Restricted shares granted: 9,082 shares Total shares after transaction: 124,378 shares Exercise/converson price: $0.00 per share +1 more

4 metrics

Restricted shares granted 9,082 shares Grant/award acquisition on April 24, 2026

Total shares after transaction 124,378 shares Direct common share holdings after grant

Exercise/converson price $0.00 per share Restricted share award, no purchase price

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

Key Terms

Restricted Shares, contingent right, vest, Form 4, +1 more

5 terms

Restricted Shares financial

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

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 regulatory

"The Form 4 describes an “A” code transaction, characterized as a grant or award acquisition."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

grant, award, or other acquisition regulatory

"Transaction code A is described as Grant, award, or other acquisition in the filing."

Form 4 Insider Transactions: What Each Field Means →

04/28/2026 - 01:57 PM

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^*

de Oliveira Manuella Carvalho Campos

(Last)

(First)

(Middle)

BRIGADEIRO LUIS ANTONIO AVENUE, NO. 1343

9TH FLOOR

(Street)

SAO PAULO

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)
	People 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Shares	⁽¹⁾	04/24/2026		A		9,082		⁽²⁾	⁽²⁾	Common Shares	9,082	$0	124,378	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did UGP report for Manuella Carvalho Campos de Oliveira?

Ultrapar reported a Form 4 showing People Officer Manuella Carvalho Campos de Oliveira receiving 9,082 restricted shares as a grant or award, each representing a contingent right to one common share, as part of her equity compensation.

How many restricted shares were granted to the Ultrapar (UGP) People Officer?

The People Officer received 9,082 restricted shares. These restricted shares function as a contingent right to the same number of common shares and form part of her overall equity-based compensation package disclosed in the Form 4 filing.

When do the Ultrapar (UGP) restricted shares granted on April 24, 2026 vest?

The restricted shares granted vest over time until April 24, 2029. This means the executive’s right to receive the underlying common shares becomes fully earned on that vesting schedule, aligning long-term incentives with shareholder interests.

Did the Ultrapar (UGP) People Officer buy or sell shares on the open market?

No open-market buy or sell is reported. The Form 4 describes an “A” code transaction, characterized as a grant or award acquisition of 9,082 restricted shares, rather than a purchase or sale at a market price.

What is the Ultrapar (UGP) People Officer’s shareholding after this Form 4 transaction?

Following the grant, her direct holding is 124,378 common shares. This total reflects her ownership after receiving the 9,082 restricted shares, as disclosed in the Form 4 under total shares following the transaction.