Sebastian Kanovich, Director of DLocal Limited (NASDAQ:DLO), sold 25,700 shares on July 7, 2026, at $15.50 per share.
SEC Form 4 filing Transaction summary Transaction value based on SEC Form 4 weighted average sale price ($15.50); post-transaction value based on July 07, 2026, market close ($14.88)
Key questions – Was this transaction part of a structured liquidity plan? Yes, the sale was conducted under a Rule 10b5-1 trading plan adopted on Nov. 26, 2025, which removes discretionary timing from the execution process. – Does the liquidation of direct holdings suggest a complete exit? No, because while the direct Class A holdings were reduced to zero, the director maintains beneficial ownership of 11.6 million Class B Common Shares that are convertible into Class A shares at a 1:1 ratio. – What was the market context on the date of the sale?
At the time of the July 7, 2026 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. – How was the conversion of share classes handled? The transaction required converting Class B shares, which have no expiration date, into Class A shares to facilitate this disposal. Company Overview Company Snapshot – DLocal Limited provides comprehensive payment processing solutions, including pay-in services for international and local cards, online bank transfers, direct debit, cash, and hundreds of alternative payment methods (APMs), as well as pay-out solutions for cross-border and local-to-local transactions. – The company generates revenue by enabling global merchants to expand their online presence and accept payments through its robust platform, monetizing transaction volumes and payment processing services across multiple payment channels and geographies. – DLocal serves global merchants seeking to accept payments in emerging markets and cross-border transactions, with a particular focus on Latin American and other high-growth regions where…