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XP Inc director plans $2.4M stock sale

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

XP Inc. (XP) received a notice under Rule 144 that director Dos Santos Bruno Constantino Alexandre intends to sell 123,257 Class A common shares, with an aggregate market value of $2,413,885.62, out of 415,368,323 Class A shares outstanding, through UBS Financial Services Inc.

The shares were issued on February 26, 2026 to Ganesha LLC, which received 1,623,257 Class A shares as consideration for its exit from XP Control LLC; Bruno Constantino Santos serves as manager of Ganesha LLC and beneficially owns it through an irrevocable trust.

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Shares to be sold 123,257 Class A common shares Planned sale under Rule 144 by a director-associated holder
Aggregate market value of planned sale $2,413,885.62 Value of 123,257 Class A shares covered by the notice
Class A shares outstanding 415,368,323 shares Outstanding Class A common shares of XP Inc. referenced in the notice
Approximate date of sale September 16, 2026 Approximate date the Rule 144 shares are expected to be sold
Shares received by Ganesha LLC 1,623,257 Class A common shares Shares issued to Ganesha LLC in exchange for its equity interest in XP Control LLC
Date shares issued to Ganesha LLC February 26, 2026 Acquisition date of the 1,623,257 Class A shares by Ganesha LLC
Signature date September 17, 2026 Date the Form 144 notice was signed by Dos Santos Bruno Constantino Alexandre
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
beneficially owns financial
"beneficially owns Ganesha LLC through an irrevocable trust"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
irrevocable trust financial
"through an irrevocable trust that holds interests in Ganesha LLC"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
aggregate market value financial
"123257 | 2413885.62 | 415368323"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

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

What does the Form 144 filing disclose for XP (XP Inc.)?

It discloses that director Dos Santos Bruno Constantino Alexandre, through interests in Ganesha LLC, intends to sell 123,257 Class A common shares of XP Inc. under Rule 144, with sales to be executed through UBS Financial Services Inc.

How many XP (XP Inc.) shares are planned to be sold under this Rule 144 notice?

The notice states an intended sale of 123,257 Class A common shares of XP Inc., with an aggregate market value of $2,413,885.62 at the time of the filing.

What percentage of XP (XP Inc.) outstanding shares does this planned Rule 144 sale represent?

The filing shows 123,257 shares planned for sale versus 415,368,323 Class A shares outstanding. This indicates that the planned sale represents a small fraction of the total outstanding Class A shares.

When were the XP (XP Inc.) shares to be sold acquired by Ganesha LLC?

The filing states that the Class A common shares were received on February 26, 2026 by Ganesha LLC as consideration for its exit from XP Control LLC.

How many XP (XP Inc.) shares did Ganesha LLC receive in the XP Control LLC transaction?

Ganesha LLC received 1,623,257 Class A common shares of XP Inc., described as shares issued to Ganesha LLC in exchange for its equity interest in XP Control LLC on February 26, 2026.

What is the relationship of Bruno Constantino Santos to Ganesha LLC in the XP (XP Inc.) filing?

The filing states that Bruno Constantino Santos serves as manager of Ganesha LLC and beneficially owns Ganesha LLC through an irrevocable trust that holds interests in Ganesha LLC.

Through which broker will the XP (XP Inc.) Rule 144 sale be executed?

The planned sale is to be executed through UBS Financial Services Inc., UBS International Division, located at 1285 Avenue of the Americas, 19th Floor, New York, NY 10019.

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

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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