Silvia Mazzucchelli (VTEX) reports options, RSUs and shares in Form 3

Rhea-AI Filing Summary

VTEX director Silvia Mazzucchelli filed an initial ownership report showing a mix of stock options, restricted stock units (RSUs), and Class A common shares. This Form 3 does not reflect new buy or sell transactions; it simply discloses her existing equity awards and holdings.

She holds stock options over 58,577 Class A shares at an exercise price of $4.75 expiring on July 13, 2027, 25,817 shares at $7.26 expiring on July 1, 2028, and 27,303 shares at $6.60 expiring on July 1, 2029. These options generally vest in equal quarterly installments.

Mazzucchelli also holds RSUs over 5,829 and 10,577 Class A shares, which vest in 8.33% tranches every three months starting on October 1, 2024 and October 1, 2025, respectively, plus 7,937 directly owned Class A common shares.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Mazzucchelli Silvia

(Last) (First) (Middle)

4TH FLOOR, HARBOUR PLACE

103 SOUTH CHURCH STREET

(Street)

GRAND CAYMAN KYI-1002

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/19/2026

3. Issuer Name and Ticker or Trading Symbol
VTEX [ NYSE: VTEX ]

3a. Foreign Trading Symbol

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Shares	7,937	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	(1)	07/13/2027	Class A Common Stock	58,577	$4.75	D
Stock Options	(2)	07/01/2028	Class A Common Stock	25,817	$7.26	D
Stock Options	(3)	07/01/2029	Class A Common Stock	27,303	$6.6	D
Restricted Stock Unit	(4)	(5)	Class A Common Stock	5,829	(5)	D
Restricted Stock Unit	(6)	(5)	Class A Common Stock	10,577	(5)	D

Explanation of Responses:

1. Represents stock options, of which each 1/12 of the total share package vests every three (3) months from July 13, 2023.

2. Represents stock options, of which each 1/12 of the total share package vests every three (3) months from July 01, 2024.

3. Represents stock options, of which each 1/12 of the total share package vests every three (3) months from July 01, 2025.

4. Represents restricted stock units ("RSUs"). 8.33% of which vested on October 1, 2024, and the remaining amount of which vests in tranches of 8.33% every three (3) months thereafter

5. Each RSU represents a contingent right to receive shares of Issuer Class A common stock.

6. Represents RSUs. 8.33% of which vested on October 1, 2025, and the remaining amount of which vests in tranches of 8.33% every three (3) months thereafter

	/s/ Silvia Irene Livia Mazzucchelli	03/19/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does Silvia Mazzucchelli’s Form 3 disclose for VTEX (VTEX)?

The Form 3 discloses Silvia Mazzucchelli’s existing VTEX equity holdings, not new trades. It lists stock options, restricted stock units (RSUs), and 7,937 directly owned Class A common shares, providing a baseline of her ownership as a company director.

How many VTEX stock options does Silvia Mazzucchelli report on her Form 3?

She reports options over 58,577 VTEX Class A shares at $4.75, 25,817 shares at $7.26, and 27,303 shares at $6.60. These options expire between July 2027 and July 2029 and vest in equal quarterly installments, aligning compensation with longer-term company performance.

What VTEX RSU awards are included in Silvia Mazzucchelli’s Form 3 filing?

The filing shows RSUs over 5,829 and 10,577 VTEX Class A shares. For each award, 8.33% vested on October 1 of 2024 and 2025 respectively, with the remaining amounts vesting in 8.33% tranches every three months, subject to continued service conditions.

Does Silvia Mazzucchelli’s VTEX Form 3 show any insider buying or selling?

No, the Form 3 does not show insider buying or selling. It is an initial statement of beneficial ownership that lists existing stock options, RSUs, and 7,937 Class A common shares, establishing her starting equity position as a VTEX director.

What VTEX common share holdings does Silvia Mazzucchelli report on Form 3?

She reports direct ownership of 7,937 VTEX Class A common shares. In addition, she holds multiple option and RSU grants tied to Class A stock, which could convert into further shares over time as vesting schedules are met and options are exercised.

How do the vesting schedules work for Silvia Mazzucchelli’s VTEX equity awards?

Her stock options vest in 1/12 installments every three months from grant dates in July 2023, 2024 and 2025. RSUs vest 8.33% initially on October 1, 2024 or 2025, with the remaining amounts vesting in 8.33% quarterly tranches thereafter, encouraging retention.