VTEX (NYSE: VTEX) CRO discloses detailed stock option and RSU holdings

Rhea-AI Filing Summary

VTEX Chief Revenue Officer Santiago Naranjo Alvarez filed an initial ownership report listing stock options and restricted stock units tied to VTEX Class A common stock. This filing does not show new buy or sell transactions, but sets out his existing equity-based compensation position.

He holds stock options over 25,000 shares at an exercise price of $0.5767, another 25,000 at $0.5133, 20,000 at $2.8100, 75,000 at $8.8400, and 225,000 at $3.9100, with expirations ranging from December 2026 to October 2029. He also reports RSUs covering 75,000, 34,375, 200,000, and 91,818 shares, vesting over time in quarterly tranches as described in the footnotes.

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^*

Naranjo Alvarez Santiago

(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)
03/18/2026

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)

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

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)

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)	12/12/2026	Class A Common Stock	25,000	$0.5767(2)	D
Stock Options	(3)	12/12/2026	Class A Common Stock	25,000	$0.5133(4)	D
Stock Options	(5)	04/20/2027	Class A Common Stock	20,000	$2.81	D
Stock Options	(6)	10/19/2027	Class A Common Stock	75,000	$8.84	D
Stock Options	(7)	10/19/2029	Class A Common Stock	225,000	$3.91	D
Restricted Stock Unit	(8)	(9)	Class A Common Stock	75,000	(9)	D
Restricted Stock Unit	(10)	(9)	Class A Common Sock	34,375	(9)	D
Restricted Stock Unit	(11)	(9)	Class A Common Stock	200,000	(9)	D
Restricted Stock Unit	(12)	(9)	Class A Common Stock	91,818	(9)	D

Explanation of Responses:

1. These stock options are fully vested.

2. Represents an exercise price of R$3.00, converted to U.S. dollars using the Brazilian Central Bank daily exchange rate of $1.00 to R$5,2019 as of March 17, 2026

3. These stock options are fully vested.

4. Represents an exercise price of R$2.67, converted to U.S. dollars using the Brazilian Central Bank daily exchange rate of $1.00 to R$5,2019 as of March 17, 2026

5. These stock options are fully vested.

6. These stock options are fully vested.

7. Represents stock options, of which 16.6% vested on October 19, 2023, and the remaining amount of which vests in tranches of 16.6% every twelve (12) months thereafter.

8. Represents restricted stock units ("RSUs"). 25% of which vested on February 1, 2023, and the remaining amount of which vests in tranches of 6.25% every three (3) months thereafter

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

10. Represents restricted stock units ("RSUs"). 25% of which vested on November 1, 2024, and the remaining amount of which vests in tranches of 6.25% every three (3) months thereafter

11. Represents RSUs, 25% of which vested on May 1, 2025, and the remaining amount of which vests in tranches of 6.25% every three (3) months thereafter.

12. Represents RSUs, 25% of which vests on November 1, 2026, and the remaining amount of which vests in tranches of 6.25% every three (3) months thereafter.

	/s/ Santiago Naranjo Alvarez	03/18/2026
	** 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 the VTEX (VTEX) Form 3 filing show for Santiago Naranjo Alvarez?

The Form 3 shows that VTEX Chief Revenue Officer Santiago Naranjo Alvarez holds several stock option grants and restricted stock units tied to Class A common stock, establishing his existing equity position without reporting new purchases or sales.

How many VTEX stock options does the CRO report on this Form 3?

The CRO reports multiple stock option positions, including grants over 25,000 shares at $0.5767, 25,000 at $0.5133, 20,000 at $2.8100, 75,000 at $8.8400, and 225,000 at $3.9100, each with specified expiration dates between December 2026 and October 2029.

What restricted stock units (RSUs) are disclosed for the VTEX Chief Revenue Officer?

The filing discloses RSUs covering 75,000, 34,375, 200,000, and 91,818 VTEX Class A shares. Footnotes explain that 25% of certain RSU awards vest on specific initial dates, with the remaining amounts vesting in 6.25% quarterly tranches thereafter.

Does the VTEX Form 3 for Santiago Naranjo Alvarez show any stock buys or sells?

No, the Form 3 does not show stock buys or sells. It classifies all entries as holdings, with the transaction summary indicating zero buy, sell, exercise, gift, or tax-withholding transactions and a neutral net buy/sell direction.

What are the key vesting terms mentioned for VTEX stock options and RSUs on this Form 3?

Footnotes state certain stock options are fully vested, while others vest 16.6% on an initial date and 16.6% annually thereafter. RSU awards vest 25% on specified start dates, with the remaining 75% vesting in 6.25% increments every three months.

What exercise prices are attached to the VTEX CRO’s stock options in this filing?

Exercise prices disclosed include $0.5767, $0.5133, $2.8100, $8.8400, and $3.9100 per share. Some prices reflect Brazilian real amounts converted to U.S. dollars using a Brazilian Central Bank exchange rate as of March 17, 2026, according to the footnotes.