Director Mazzucchelli (NYSE: VTEX) converts RSUs into 2,028 Class A shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

VTEX director Silvia Mazzucchelli reported routine equity compensation activity involving restricted stock units (RSUs). On April 1, 2026, RSUs converted into a total of 2,028 Class A common shares at a conversion price of $0.00 per share.

The filing shows her direct holdings of Class A common shares increased to 9,965 shares following these conversions. Footnotes explain that each RSU represents a contingent right to receive one Class A share and that the RSUs vest in 8.33% quarterly tranches beginning on specified October vesting dates.

Insider Trade Summary

2,028 shares exercised/converted

Mixed 4 txns

Insider Mazzucchelli Silvia

Role Director

Type	Security	Shares	Price	Value
Conversion	Restricted Stock Unit	971	$0.00	--
Conversion	Restricted Stock Unit	1,057	$0.00	--
Conversion	Class A Common Shares	971	$0.00	--
Conversion	Class A Common Shares	1,057	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 4,858 shares (Direct); Class A Common Shares — 8,908 shares (Direct)

Footnotes (1)

Each Restricted Stock Unit ("RSUs") represents a contingent right to receive shares of Issuer Class A common stock on a one-for-one basis. Represents RSUs. 8.33% of which vested on October 1, 2024, and the remaining amount of which vests in tranches of 8.33% every three (3) months thereafter Represents RSUs. 8.33% of which vested on October 1, 2025, and the remaining amount of which vests in tranches of 8.33% every three (3) months thereafter

Key Figures

RSU shares converted: 2,028 shares Post-transaction Class A holdings: 9,965 shares Conversion price: $0.00 per share +3 more

6 metrics

RSU shares converted 2,028 shares Total underlying Class A shares from RSU conversions on April 1, 2026

Post-transaction Class A holdings 9,965 shares Direct Class A common shares held after April 1, 2026 conversions

Conversion price $0.00 per share Price for RSU-to-share conversions on April 1, 2026

RSU transaction shares (971) 971 RSUs / shares One RSU block converting into 971 Class A common shares

RSU transaction shares (1057) 1,057 RSUs / shares Second RSU block converting into 1,057 Class A common shares

Exercise count 2 conversions Derivative exerciseCount from transaction summary

Key Terms

Restricted Stock Unit, Class A Common Shares, Conversion of derivative security, contingent right, +1 more

5 terms

Restricted Stock Unit financial

"Each Restricted Stock Unit ("RSUs") represents a contingent right to receive shares"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Class A Common Shares financial

"underlying_security_title": "Class A Common Shares""

A Class A common share is a specific type of ordinary company share that represents an ownership stake and usually carries particular voting rights or payout priorities compared with other share classes. For investors it matters because those differences affect how much influence you have over company decisions, how dividends or liquidation proceeds might be distributed, and how easily the shares trade — like choosing between car models where one has extra features (more control) and another focuses on price or availability (liquidity).

Conversion of derivative security financial

"transaction_code_description": "Conversion of derivative security""

contingent right financial

"represents a contingent right to receive shares of Issuer Class A common stock"

vests in tranches financial

"the remaining amount of which vests in tranches of 8.33% every three (3) months"

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 07:22 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mazzucchelli Silvia

(Last)

(First)

(Middle)

4TH FLOOR, HARBOUR PLACE

103 SOUTH CHURCH STREET

(Street)

GRAND CAYMAN

CAYMAN ISLANDS

KYI-1002

(City)

(State)

(Zip)

CAYMAN ISLANDS

(Country)

2. Issuer Name and Ticker or Trading Symbol
VTEX [ NYSE: VTEX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Shares	04/01/2026		C		971	A	⁽¹⁾⁽²⁾	8,908	D
Class A Common Shares	04/01/2026		C		1,057	A	⁽¹⁾⁽³⁾	9,965	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	04/01/2026		C			971	⁽²⁾	⁽²⁾	Class A Common Shares	971	⁽¹⁾	4,858	D
Restricted Stock Unit	⁽¹⁾	04/01/2026		C			1,057	⁽³⁾	⁽³⁾	Class A Common Shares	1,057	⁽¹⁾	9,520	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSUs") represents a contingent right to receive shares of Issuer Class A common stock on a one-for-one basis.

2. Represents RSUs. 8.33% of which vested on October 1, 2024, and the remaining amount of which vests in tranches of 8.33% every three (3) months thereafter

3. Represents RSUs. 8.33% of which vested on October 1, 2025, and the remaining amount of which vests in tranches of 8.33% every three (3) months thereafter

Remarks:

Due to the Issuer's status as a foreign private issuer pursuant to Rule 3a12-3(b) under the Securities Exchange Act of 1934 (the "Act"), the reporting person's transactions in the Issuer's equity securities are exempt from Sections 16(b) and 16(c) of the Act.

	/s/ Silvia Irene Livia Mazzucchelli	04/02/2026
	** 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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did VTEX director Silvia Mazzucchelli report on this Form 4?

Silvia Mazzucchelli reported the conversion of restricted stock units (RSUs) into VTEX Class A common shares. On April 1, 2026, RSUs covering 2,028 shares converted at $0.00 per share, increasing her directly held Class A share position as part of equity compensation.

How many VTEX Class A shares does Silvia Mazzucchelli hold after the reported RSU conversions?

After the conversions, Silvia Mazzucchelli directly holds 9,965 VTEX Class A common shares. This total reflects RSUs converted into 2,028 shares on April 1, 2026, as disclosed in the Form 4, and represents her updated direct ownership position in VTEX stock.

What do the restricted stock units (RSUs) reported by VTEX for Silvia Mazzucchelli represent?

Each RSU represents a contingent right to receive one VTEX Class A common share. The footnotes state that these RSUs vest over time, with 8.33% vesting initially on a specified October date and additional 8.33% tranches vesting every three months thereafter.

When did the VTEX RSUs for Silvia Mazzucchelli begin vesting according to the Form 4 footnotes?

The Form 4 notes two RSU grants for Silvia Mazzucchelli. For one, 8.33% vested on October 1, 2024. For the other, 8.33% vested on October 1, 2025. The remaining amounts vest in additional 8.33% tranches every three months after those initial vesting dates.

Did Silvia Mazzucchelli buy or sell VTEX shares on the open market in this Form 4?

The Form 4 does not show any open-market purchases or sales. Instead, it reports RSU-to-share conversions coded as “C” (conversion of derivative security), with 2,028 shares of Class A common stock acquired at a price of $0.00 per share as equity compensation.

Are there remaining VTEX derivative positions for Silvia Mazzucchelli after these RSU conversions?

The derivative summary in the Form 4 is empty, indicating no remaining derivative positions are reported in this filing. The transactions mainly reflect RSU conversions into VTEX Class A common shares, updating her direct share ownership without listing additional derivative securities.