DLocal Director Sebastian Kanovich sold 25,700 shares on July 7, 2026, at $15.50 per share, for a total value of $398,350. The transaction was executed under a Rule 10b5-1 trading plan adopted on November 26, 2025, and liquidated 100% of his direct Class A common equity position. The sale involved the automatic conversion of Class B Common Shares into Class A Common Shares immediately prior to the sale. Kanovich remains invested in the company through 11.6 million derivative securities, maintaining beneficial ownership of 11.6 million Class B Common Shares that are convertible into Class A shares at a 1:1 ratio. At the time of the transaction, the stock had delivered a 29% total return over the preceding year, with shares priced at $14.49 as of the July 8, 2026 market close.
Dlocal LtdDirector sold 100% of direct Class A position, signaling insider liquidation despite remaining derivative holdings.