VTEX director logs RSU conversions, new option grant
VTEX director Francisco Alvarez-Demalde reported equity award activity tied to Class A common shares.
Rhea-AI Filing Summary
VTEX director Francisco Alvarez-Demalde reported equity award activity tied to Class A common shares. He converted Restricted Stock Units into a total of 2,029 Class A shares and received new awards of 31,439 RSUs and 31,439 stock options with a strike price of $4.18 per share.
According to the disclosure, these securities are held for the benefit of Riverwood Capital GP II Ltd. and its affiliates, and he is obligated to transfer shares or sale proceeds as Riverwood directs, while disclaiming beneficial ownership except for any pecuniary interest.
The RSU and option grants vest in 8.33% quarterly tranches starting on specific dates, and there were no open-market purchases or sales reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,029 shares exercised/converted
Exercise
6 txns
Insider
Alvarez-Demalde Francisco
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Restricted Stock Unit | 972 | $0.00 | $0.00 |
| Conversion | Restricted Stock Unit | 1,057 | $0.00 | $0.00 |
| Other | Restricted Stock Unit | 31,439 | $0.00 | $0.00 |
| Other | Stock Options | 31,439 | $0.00 | $0.00 |
| Conversion | Class A Common Shares | 972 | $0.00 | $0.00 |
| Conversion | Class A Common Shares | 1,057 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 43,788 contracts (Direct);
Stock Options — 31,439 contracts (Direct);
Class A Common Shares — 11,994 shares (Direct)
Footnotes (6)
- 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. These securities are held by Mr. Alvarez-Demalde for the benefit of Riverwood Capital GP II Ltd. and/or certain of its affiliates (collectively, "Riverwood"). Mr. Alvarez-Demalde is obligated to transfer the underlying shares upon settlement or any proceeds from the sale thereof as directed by Riverwood. Mr. Alvarez-Demalde disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities by Mr. Alvarez-Demalde for purposes of Section 16 or any other purposes.
- F3. Represents 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.
- F4. 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.
- F5. Represents RSUs granted on July 1, 2026, of which 8.33% will vest every three (3) months thereafter.
- F6. Represents Stock Options granted on July 1, 2026, of which 8.33% will vest every three (3) months thereafter.
Key Figures
RSU conversions: 2,029 Class A shares
New RSU grant: 31,439 RSUs
Stock option grant: 31,439 options at $4.18
+2 more
5 metrics
RSU conversions
2,029 Class A shares
Converted from RSUs on July 1, 2026
New RSU grant
31,439 RSUs
Granted on July 1, 2026, vesting 8.33% quarterly
Stock option grant
31,439 options at $4.18
Exercise price $4.18, expires July 1, 2030
Post-transaction shares
11,994 Class A shares
One reported Class A holding after conversions
Additional share holding
10,937 Class A shares
Second reported Class A holding after conversions
Key Terms
Restricted Stock Unit, Stock Options, beneficial ownership, pecuniary interest, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSUs") represents a contingent right to receive shares of Issuer Class A common stock on a one-for-one basis."
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.
Stock Options financial
"Represents Stock Options granted on July 1, 2026, of which 8.33% will vest every three (3) months thereafter."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
beneficial ownership financial
"Mr. Alvarez-Demalde disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein"
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership of the reported securities by Mr. Alvarez-Demalde for purposes of Section 16 or any other purposes."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did VTEX (VTEX) report for Francisco Alvarez-Demalde?
VTEX reported that director Francisco Alvarez-Demalde converted Restricted Stock Units into 2,029 Class A shares and received 31,439 new RSUs and 31,439 stock options at $4.18 per share. These equity awards are held for the benefit of Riverwood Capital GP II Ltd. and affiliates.
How are the VTEX RSUs and options held for Francisco Alvarez-Demalde structured?
Each VTEX Restricted Stock Unit represents a right to receive one Class A share. The reported RSU and stock option grants vest in 8.33% tranches every three months, starting from specific dates such as October 1, 2024, October 1, 2025, and July 1, 2026, depending on the grant.
Who ultimately benefits from the VTEX securities reported for Francisco Alvarez-Demalde?
The securities are held by Francisco Alvarez-Demalde for the benefit of Riverwood Capital GP II Ltd. and certain affiliates. He must transfer the underlying shares upon settlement or any sale proceeds as Riverwood directs and disclaims beneficial ownership except for any pecuniary interest in the securities.
What is the size and price of the VTEX stock option grant in this Form 4?
The filing shows 31,439 VTEX stock options with an exercise price of $4.18 per share. These options relate to 31,439 underlying Class A common shares and vest in 8.33% increments every three months from July 1, 2026 until fully vested, subject to continued terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
