Vesta (VTMX) director Stephen B. Williams discloses initial share holdings

Rhea-AI Filing Summary

Vesta Real Estate Corporation, S.A.B. de C.V. director Stephen B. Williams filed a Form 3 reporting his initial ownership in the company. The filing shows direct holdings of American Depository Shares, which represent 230,000 underlying Ordinary Shares, and an additional 12,220 Ordinary Shares held directly.

The entry is classified as a holdings report with no buy or sell transactions indicated, so it mainly establishes Williams’ equity position in Vesta at this point in time rather than signaling new trading activity.

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^*

Williams Stephen B

(Last) (First) (Middle)

PASEO DE LOS TAMARINDOS NO. 90, TORRE II

PISO 28, COL. BOSQUES DE LAS LOMAS

(Street)

CUAJIMALPA DE MORELOS 5120

(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
Vesta Real Estate Corporation, S.A.B. de C.V. [ VTMX ]

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)
Ordinary Shares	12,220	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
American Depository Shares	(1)	(1)	Ordinary Shares	230,000	(1)	D

Explanation of Responses:

1. Each American Depository Share (ADS) represents ten Ordinary Shares of the Issuer.

	/s/ Stephen Williams	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.
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* Form 3: SEC 1473 (03-26)

FAQ

What does the VTMX Form 3 filed by Stephen B. Williams show?

The Form 3 shows that director Stephen B. Williams reports direct ownership of American Depository Shares representing 230,000 Ordinary Shares, plus 12,220 Ordinary Shares held directly. It is an initial holdings report, not a record of new trades.

Are there any stock purchases or sales in the VTMX Form 3?

No, the Form 3 for Vesta (VTMX) does not report purchases or sales. It categorizes entries as holdings with unknown transaction codes, indicating disclosure of existing positions rather than new market transactions by Stephen B. Williams.

How many Vesta Ordinary Shares does Stephen B. Williams report on the Form 3?

Stephen B. Williams reports American Depository Shares tied to 230,000 underlying Ordinary Shares and a separate holding of 12,220 Ordinary Shares directly. These figures together outline his disclosed equity stake in Vesta Real Estate Corporation at the filing date.

What is the relationship between Vesta ADS and Ordinary Shares in this filing?

The filing notes that each American Depository Share (ADS) represents ten Ordinary Shares of Vesta. The reported ADS position corresponds to 230,000 underlying Ordinary Shares, clarifying how the depository receipts relate to the company’s Ordinary Share capital.

Does the VTMX Form 3 indicate any derivative or option positions?

The filing lists American Depository Shares with an exercise price of 0.0000 and 230,000 underlying Ordinary Shares as a derivative-type holding. However, there are no option exercises or other derivative transactions reported, only the existence of this equity-linked position.