VTEX: SoftBank reports 42.9% shared ownership

LA Holdings DE LLC reported open-market dispositions of 340,630 VTEX Class A Common Shares during the past 60 days.

Rhea-AI Filing Summary

VTEX’s eight reporting entities each report shared beneficial ownership of 37,477,996 Class A Common Shares, or 42.9% of the class. LA Holdings DE LLC is the record holder of those shares.

The reported percentage is based on 87,285,403 Class A Common Shares outstanding as of June 30, 2026. During the past 60 days, LA Holdings DE LLC disposed of 340,630 shares through open-market transactions, with listed sales dated October 13 through October 23, 2026. The reporting entities are LA Holdings DE LLC, SBLA Holdings (Cayman) L.P., SLA Investments IV LLC, SBLA Investments II LLC, Delaware Project 11 L.L.C., SBLA Latin America Fund LLC, SB Global Advisers Limited and SoftBank Group Corp.

Filing Explained

This amendment clarifies the ownership mechanics: SB Global Advisers is appointed manager and makes final decisions on the fund’s investments, and the filing says the related entities may therefore be deemed to share beneficial ownership.

Key Figures

Beneficially owned: 37,477,996 shares Class represented: 42.9% Class A Common Shares outstanding: 87,285,403 shares +3 more

6 metrics

Beneficially owned 37,477,996 shares Amount reported by each reporting person

Class represented 42.9% Based on Class A Common Shares outstanding as of June 30, 2026

Class A Common Shares outstanding 87,285,403 shares As of June 30, 2026

Shares disposed of 340,630 shares LA Holdings DE LLC; open-market transactions during the past 60 days

Weighted average sale price $4.2628 per share October 13, 2026

Weighted average sale price $4.1638 per share October 23, 2026

Key Terms

beneficial ownership, Shared Voting Power, Shared Dispositive Power, record holder, +1 more

5 terms

beneficial ownership regulatory

"may be deemed to share beneficial ownership of the securities"

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.

Shared Voting Power regulatory

"Shared Voting Power 37,477,996.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

Shared Dispositive Power regulatory

"Shared Dispositive Power 37,477,996.00"

record holder regulatory

"LA Holdings DE LLC is the record holder of 37,477,996 Class A Common Shares"

A record holder is the person or institution officially listed in a company’s books as the owner of shares, bonds or other securities on a specific date. Think of it like the name on the registration of a car: being the record holder determines who is eligible for dividends, voting at meetings, or other shareholder rights. Investors care because actions tied to a set date apply only to those recorded as owners.

weighted average price per share financial

"the weighted average price per share, and the price range"

FAQ

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

How many VTEX shares did LA Holdings DE LLC sell?

LA Holdings DE LLC disposed of 340,630 Class A Common Shares through open-market transactions during the past 60 days.

What weighted average price did LA Holdings report for VTEX shares sold on October 13, 2026?

The weighted average price was $4.2628 per share, with a reported price range of $4.1600 to $4.4350.

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

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Available on EDGAR 10/30/2026 - 09:00 PM EDT Accepted by SEC EDGAR 10/30/2026 - 09:00 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

VTEX

(Name of Issuer)

Class A Common Shares

(Title of Class of Securities)

G9470A102

(CUSIP Number)

SB Global Advisers Limited
Attn: Hugh Manahan, 77 Grosvenor Street, 1st Floor
London, X0, W1K 3JR
44 0207173 9805

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

10/15/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): G9470A102

1

Name of reporting person

SB Global Advisers Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 37,477,996.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 37,477,996.00

11

Aggregate amount beneficially owned by each reporting person

37,477,996.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42.9 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s): G9470A102

1

Name of reporting person

LA Holdings DE LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 37,477,996.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 37,477,996.00

11

Aggregate amount beneficially owned by each reporting person

37,477,996.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Limited Liability Company

SCHEDULE 13D

CUSIP Number(s): G9470A102

1

Name of reporting person

SBLA Holdings (Cayman) L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 37,477,996.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 37,477,996.00

11

Aggregate amount beneficially owned by each reporting person

37,477,996.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42.9 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): G9470A102

1

Name of reporting person

SLA Investments IV LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 37,477,996.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 37,477,996.00

11

Aggregate amount beneficially owned by each reporting person

37,477,996.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Limited Liability Company

SCHEDULE 13D

CUSIP Number(s): G9470A102

1

Name of reporting person

SBLA Investments II LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 37,477,996.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 37,477,996.00

11

Aggregate amount beneficially owned by each reporting person

37,477,996.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Limited Liability Company

SCHEDULE 13D

CUSIP Number(s): G9470A102

1

Name of reporting person

Delaware Project 11 L.L.C.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 37,477,996.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 37,477,996.00

11

Aggregate amount beneficially owned by each reporting person

37,477,996.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Limited Liability Company

SCHEDULE 13D

CUSIP Number(s): G9470A102

1

Name of reporting person

SBLA Latin America Fund LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 37,477,996.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 37,477,996.00

11

Aggregate amount beneficially owned by each reporting person

37,477,996.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Limited Liability Company

SCHEDULE 13D

CUSIP Number(s): G9470A102

1

Name of reporting person

SOFTBANK GROUP CORP.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

JAPAN

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 37,477,996.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 37,477,996.00

11

Aggregate amount beneficially owned by each reporting person

37,477,996.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42.9 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Shares
(b)	Name of Issuer: VTEX
(c)	Address of Issuer's Principal Executive Offices: Harbour Place, 103 South Church Street, Grand Cayman, CAYMAN ISLANDS , KY1-1002.
Item 1 Comment: This Amendment No. 2 amends and supplements the Schedule 13D originally filed with the United States Securities and Exchange Commission (the "SEC") on August 5, 2021 (as amended to date, the "Schedule 13D") with respect to the shares of Class A common shares, nominal value $0.0001 per share (the "Class A Common Shares"), of VTEX, a corporation incorporated in the Cayman Islands (the "Issuer"). Capitalized terms used herein and not otherwise defined shall have the same meanings ascribed to them in the Schedule 13D.
Item 2.	Identity and Background
(a)	Item 2 of the Schedule 13D is amended and restated in its entirety as follows: The Schedule 13D is being filed by the following entities (each a "Reporting Person" and collectively, the "Reporting Persons"): LA Holdings DE LLC SBLA Holdings (Cayman) L.P. SLA Investments IV LLC SBLA Investments II LLC Delaware Project 11 L.L.C. SBLA Latin America Fund LLC SB Global Advisers Limited ("SBGA") SoftBank Group Corp. ("SoftBank") The directors of SBGA and the directors and executive officers of SoftBank are set forth in Schedule B to this Schedule 13D (collectively, the "Related Persons").
(b)	The principal business address of SBLA Holdings (Cayman) L.P. is c/o Walkers, 190 Elgin Avenue, George Town, Grand Cayman KY1-9008, Cayman Islands. The business address of SBGA is 77 Grosvenor Street, 1st Floor, London, W1K 3JR, United Kingdom, England, United Kingdom. The business address of SoftBank is 1-7-1, Kaigan, Minato-ku Tokyo 105-7537 Japan. The business address of each of the remaining Reporting Persons is 1521 Concord Pike, Wilmington, DE 19803.
(c)	Each of the Reporting Persons is principally engaged in the business of investments in securities.
(d)	During the last five years, none of the Reporting Persons or Related Persons has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	During the last five years, none of the Reporting Persons or Related Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	SBLA Holdings (Cayman) L.P. is organized under the laws of the Cayman Islands. SBGA is organized under the laws of England and Wales. SoftBank is organized under the laws of Japan. Each of the remaining Reporting Persons is organized under the laws of the State of Delaware.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5 of the Schedule 13D is amended and restated in its entirety as follows: The information contained on the cover pages is incorporated by reference to this Item 5. The percentages on the cover pages are based on 87,285,403 Class A Common Shares outstanding as of June 30, 2026, as disclosed in the Issuer's Current Report on Form 6-K filed with the SEC on August 6, 2026. LA Holdings DE LLC is the record holder of 37,477,996 Class A Common Shares. SoftBank, which is a publicly traded company listed on the Tokyo Stock Exchange, is the sole shareholder of SBGA, which has been appointed as manager and is responsible for making final decisions related to the acquisition, structuring, financing and disposal of SBLA Latin America Fund LLC's investments, including as held by LA Holdings DE LLC. SBLA Latin America Fund LLC is a wholly owned subsidiary of Delaware Project 11 L.L.C. SBLA Latin America Fund LLC is the managing member of SBLA Investments II LLC, which is the managing member of SLA Investments IV LLC, which is the general partner of SBLA Holdings (Cayman) L.P., which is the managing member of LA Holdings DE LLC. As a result of these relationships, each of the foregoing entities may be deemed to share beneficial ownership of the securities reported herein.
(b)	The information contained on the cover pages is incorporated by reference to this Item 5.
(c)	During the past 60 days, LA Holdings DE LLC has disposed of an aggregate of 340,630 Class A Common Shares through open market transactions. Details by date, listing the number of shares disposed of, the weighted average price per share, and the price range, are provided below. The Reporting Persons undertake to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for each transaction. October 23, 2026 Number of Class A Common Shares: 10,419 Weighted Average Price: $4.1638 Price Range: $4.1600 - $4.1750 October 22, 2026 Number of Class A Common Shares: 4,350 Weighted Average Price: $4.1612 Price Range: $4.1600 - $4.1700 October 20, 2026 Number of Class A Common Shares: 37,243 Weighted Average Price: $4.2096 Price Range: $4.1600 - $4.2350 October 19, 2026 Number of Class A Common Shares: 35,881 Weighted Average Price: $4.1750 Price Range: $4.1600 - $4.2050 October 16, 2026 Number of Class A Common Shares: 35,027 Weighted Average Price: $4.2011 Price Range: $4.1650 - $4.2800 October 15, 2026 Number of Class A Common Shares: 44,417 Weighted Average Price: $4.2186 Price Range: $4.1600 - $4.2700 October 13, 2026 Number of Class A Common Shares: 173,293 Weighted Average Price: $4.2628 Price Range: $4.1600 - $4.4350
(d)	None.
(e)	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	Item 7 of the Schedule 13D is amended and supplemented as follows: Exhibit 2: Joint Filing Agreement. Schedule B

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

SB Global Advisers Limited

Signature:	/s/ Mark Agne
Name/Title:	Mark Agne, Director
Date:	10/30/2026

LA Holdings DE LLC

Signature:	/s/ Jonathan Duckles
Name/Title:	Jonathan Duckles, Director
Date:	10/30/2026

SBLA Holdings (Cayman) L.P.

Signature:	By: SoftBank Latin America Fund GP (Cayman) Ltd., its General Partner, /s/ Jonathan Duckles
Name/Title:	Jonathan Duckles, Director
Date:	10/30/2026

SLA Investments IV LLC

Signature:	/s/ Jonathan Duckles
Name/Title:	Jonathan Duckles, Director
Date:	10/30/2026

SBLA Investments II LLC

Signature:	/s/ Jonathan Duckles
Name/Title:	Jonathan Duckles, Director
Date:	10/30/2026

Delaware Project 11 L.L.C.

Signature:	/s/ Jonathan Duckles
Name/Title:	Jonathan Duckles, Director
Date:	10/30/2026

SBLA Latin America Fund LLC

Signature:	/s/ Jonathan Duckles
Name/Title:	Jonathan Duckles, Director
Date:	10/30/2026

SOFTBANK GROUP CORP.

Signature:	/s/ Yuko Yamamoto
Name/Title:	Yuko Yamamoto, Head of Corporate Legal Department
Date:	10/30/2026