Ultrapar director receives 634,346 share award

ULTRAPAR HOLDINGS INC director Marcos M. Lutz reported compensation-related share movements, not open-market trading.

Rhea-AI Filing Summary

ULTRAPAR HOLDINGS INC director Marcos M. Lutz reported compensation-related share movements, not open-market trading. On April 20, 2026, 634,346 restricted shares vested under a long-term incentive plan approved at the 2023 Annual General Meeting, delivering the same number of common shares at no cost. A corresponding 634,346 restricted-share derivative position was disposed of back to the issuer. Following these changes, he holds 636,468 common shares directly and 8,039,403 restricted shares, reflecting routine equity compensation rather than a discretionary market purchase or sale.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Lutz Marcos M

Role Director

Type	Security	Shares	Price	Value
Disposition	Restricted Shares	634,346	$0.00	$0.00
Grant/Award	Common Shares	634,346	$0.00	$0.00

Holdings After Transaction: Restricted Shares — 8,039,403 contracts (Direct); Common Shares — 636,468 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

Restricted shares vested: 634,346 shares Common shares after transaction: 636,468 shares Restricted shares after transaction: 8,039,403 shares +2 more

5 metrics

Restricted shares vested 634,346 shares Converted into common shares on April 20, 2026

Common shares after transaction 636,468 shares Direct holdings following April 20, 2026 vesting

Restricted shares after transaction 8,039,403 shares Remaining restricted-share holdings after disposition

Transaction price per share $0.0000 Grant/award and disposition recorded at zero price

Transaction date April 20, 2026 Date restricted shares vested and positions updated

Key Terms

Restricted shares, long-term incentive plan, Annual General Meeting, Disposition to issuer, +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.

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.

Annual General Meeting financial

"approved by the Company's shareholders at the 2023 Annual General Meeting."

Disposition to issuer financial

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

Grant, award, or other acquisition financial

"transaction_code_description":"Grant, award, or other acquisition""

FAQ

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

What did Ultrapar (UGP) director Marcos M. Lutz report in this Form 4?

He reported a vesting of 634,346 restricted shares into common shares and a matching disposition of restricted shares back to the issuer. These moves reflect equity compensation mechanics, not open-market buying or selling.

How many Ultrapar (UGP) common shares does the director hold after the transactions?

After the reported transactions, Marcos M. Lutz directly holds 636,468 common shares. This total reflects shares received upon vesting of restricted stock awards, and it shows his post-transaction common share position as of April 20, 2026.

What happened to the 634,346 restricted shares in the Ultrapar (UGP) filing?

The 634,346 restricted shares vested, each converting into one common share, and were then disposed of back to the issuer as a derivative position. This reflects the standard conclusion of a restricted share award cycle.

Was there any open-market buying or selling by the Ultrapar (UGP) director?

No. The Form 4 shows a grant/award acquisition of common shares at zero price and a disposition to the issuer of restricted shares. These are plan-based compensation events, not open-market stock trades.

How many restricted shares does the Ultrapar (UGP) director still hold?

Following the disposition tied to the vesting event, Marcos M. Lutz holds 8,039,403 restricted shares. These represent contingent rights to receive common shares in the future, subject to the plan’s vesting conditions.

What plan governs the restricted shares in this Ultrapar (UGP) Form 4?

The restricted shares vested in line with a long-term incentive plan approved by shareholders at the 2023 Annual General Meeting. This plan outlines the equity awards’ terms, including vesting and settlement in common shares.

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

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Accepted by SEC EDGAR 04/22/2026 - 03:55 PM 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^*

Lutz Marcos M

(Last) (First) (Middle)

C/O CORTEVA AGRISCIENCE

CHESTNUT RUN PLAZA, 735, 974 CENTRE RD

(Street)

WILMINGTON DELAWARE 19805

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

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		634,346	A	$0(3)	636,468	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		634,346		(2)	(2)	Common Shares	634,346	$0(3)	8,039,403	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 Marcos Marinho Lutz	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)