Patria Investments (PAX) executive details Class A and Class B share holdings

Rhea-AI Filing Summary

Patria Investments Ltd executive Ricardo Leonel Scavazza filed an initial statement of beneficial ownership, detailing his current holdings in the company. The filing shows indirect ownership of 436,986 Class B Common Shares, which are convertible into an equivalent number of Class A shares and carry 10 votes per share.

He also holds 60,300 Class A Common Shares directly, including 19,301 unvested restricted share units under the company’s matching share program and 40,999 Class A shares owned outright. This Form 3 does not report new trades but establishes his equity position as an insider.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Scavazza Ricardo Leonel

Role CEO and CIO of Private Equity

Type	Security	Shares	Price	Value
holding	Class B Common Shares	--	--	--
holding	Class A Common Shares	--	--	--

Holdings After Transaction: Class B Common Shares — 436,986 shares (Indirect, See Footnote); Class A Common Shares — 60,300 shares (Direct)

Footnotes (1)

1. Consists of 19,301 unvested restricted share units pursuant to the Issuer's matching share program and 40,999 Class A Common Shares owned by the Reporting Person. Class B Common Shares are convertible under certain circumstances into an equivalent number of Class A Common Shares. Class B Common Shares are entitled to 10 votes per share. Represents Class B Common Shares beneficially owned by Patria Holdings Limited which are directly held by Wentworth Fund ICON, an entity owned and controlled by the Reporting Person.

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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

OMB APPROVAL

OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

Scavazza Ricardo Leonel

(Last) (First) (Middle)

60 NEXUS WAY, 4TH FLOOR

(Street)

CAMANA BAY KY1-9006

(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
Patria Investments Ltd [ PAX ]

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and CIO of Private Equity

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)
Class A Common Shares	60,300	D(1)

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
Class B Common Shares(2)	(2)	(2)	Class A Common Shares	436,986	(2)	I	See Footnote(3)

Explanation of Responses:

1. Consists of 19,301 unvested restricted share units pursuant to the Issuer's matching share program and 40,999 Class A Common Shares owned by the Reporting Person.

2. Class B Common Shares are convertible under certain circumstances into an equivalent number of Class A Common Shares. Class B Common Shares are entitled to 10 votes per share.

3. Represents Class B Common Shares beneficially owned by Patria Holdings Limited which are directly held by Wentworth Fund ICON, an entity owned and controlled by the Reporting Person.

	/s/ Ricardo Leonel Scavazza	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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)