VTEX (NYSE: VTEX) CRO settles RSU awards into 190,625 common shares
Rhea-AI Filing Summary
VTEX Chief Revenue Officer Santiago Naranjo Alvarez reported equity compensation activity rather than open-market trading. On May 29, 2026, he converted derivative awards, primarily Restricted Stock Units (RSUs), into 190,625 Class A Common Shares at a conversion price of $0.00 per share.
The Form 4 lists three RSU grants that converted into Class A shares and corresponding reductions in the derivative RSU balances. Footnotes explain that each RSU represents a contingent right to one Class A share and that the RSUs vest over time in quarterly tranches following initial vesting dates in February 2023, November 2024, and November 2025. The filing shows no share sales, gifts, or tax-withholding dispositions, so this reflects an increase in reported equity ownership through the settlement of vested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 190,625 shares
Net Buy
6 txns
Insider
Naranjo Alvarez Santiago
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Restricted Stock Unit | 75,000 | $0.00 | $0.00 |
| Conversion | Restricted Stock Unit | 15,625 | $0.00 | $0.00 |
| Conversion | Restricted Stock Unit | 100,000 | $0.00 | $0.00 |
| Conversion | Class A Common Shares | 75,000 | $0.00 | $0.00 |
| Conversion | Class A Common Shares | 15,625 | $0.00 | $0.00 |
| Conversion | Class A Common Shares | 100,000 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 118,750 shares (Direct);
Class A Common Shares — 190,625 shares (Direct)
Footnotes (4)
- F1. Each Restricted Stock Unit ("RSUs") represents a contingent right to receive shares of Issuer Class A common stock on a one-for-one basis.
- F2. Represents 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
- F3. Represents 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.
- F4. Represents RSUs, 25% of which vested on November 1, 2025, and the remaining amount of which vests in tranches of 6.25% every three (3) months thereafter.
Key Figures
Derivative exercises: 190,625 shares
Single RSU conversion block: 100,000 shares
Additional RSU conversion block: 15,625 shares
+3 more
6 metrics
Derivative exercises
190,625 shares
ExerciseShares from transaction summary on May 29, 2026
Single RSU conversion block
100,000 shares
Non-derivative Class A Common Shares acquired from RSUs on May 29, 2026
Additional RSU conversion block
15,625 shares
Non-derivative Class A Common Shares acquired from RSUs on May 29, 2026
Third RSU conversion block
75,000 shares
Non-derivative Class A Common Shares acquired from RSUs on May 29, 2026
Post-transaction holding (largest line)
190,625 shares
Class A Common Shares reported as directly owned following one transaction line
RSU conversion price
$0.00 per share
Conversion or exercise price for reported RSU derivative conversions
Key Terms
Restricted Stock Unit, Class A Common Shares, derivative security, contingent right, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSUs") represents a contingent right to receive shares..."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
derivative security financial
"transaction_code_description: "Conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"represents a contingent right to receive shares of Issuer Class A common stock"
vesting financial
"vests in tranches of 6.25% every three (3) months thereafter"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did VTEX (VTEX) report for Santiago Naranjo Alvarez?
VTEX reported that Chief Revenue Officer Santiago Naranjo Alvarez converted equity awards into Class A Common Shares. The Form 4 shows multiple derivative conversions on May 29, 2026, reflecting RSUs settling into stock rather than any open-market purchases or sales.
How do the VTEX RSU vesting schedules work for these reported grants?
Footnotes explain each RSU grant vests 25% on a specific initial date, then 6.25% every three months. The initial vesting dates cited are February 1, 2023, November 1, 2024, and November 1, 2025, creating ongoing quarterly vesting that leads to periodic share conversions.
Does this VTEX Form 4 show remaining derivative positions after the RSU conversions?
The derivative summary is empty, indicating no remaining derivative positions from the RSU grants visible in this filing. The reported derivative transactions reduce RSU balances while increasing non-derivative Class A Common Shares, showing these particular RSU awards have been fully or largely settled into stock.