Form 4: dLocal Director Sells Shares
Insider Transaction (Form 4)
Sebastian Kanovich, a Director of dLocal Ltd, sold 77,453 shares of common stock on August 4, 2026.
Summary
- Conversion of derivative: acquired 4,700 Class A Common Share on August 4, 2026; holds 4,700 after (Direct).
- Open-market sale: disposed of 4,700 Class A Common Share at $15.50 ($72,850) on August 4, 2026 (Direct).
- Conversion of derivative: acquired 72,753 Class A Common Share on August 5, 2026; holds 72,753 after (Direct).
- Open-market sale: disposed of 72,753 Class A Common Share at $15.54 ($1,130,356) on August 5, 2026 (Direct).
- Conversion of derivative: disposed of 4,700 Class B Common Share on August 4, 2026; holds 11,599,074 after (Direct).
- Conversion of derivative: disposed of 72,753 Class B Common Share on August 5, 2026; holds 11,526,321 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $1,203,206 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Sebastian Kanovich — Director
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-04 | Conversion of derivative | Class A Common Share | 4,700 | — | — | 4,700 |
| 2026-08-04 | Open-market sale | Class A Common Share | 4,700 | $16 | $72.8K | 0 |
| 2026-08-05 | Conversion of derivative | Class A Common Share | 72,753 | — | — | 72,753 |
| 2026-08-05 | Open-market sale | Class A Common Share | 72,753 | $16 | $1.1M | 0 |
| 2026-08-04 | Conversion of derivative | Class B Common Share | 4,700 | — | — | 11,599,074 |
| 2026-08-05 | Conversion of derivative | Class B Common Share | 72,753 | — | — | 11,526,321 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-04 | Conversion of derivative (4,700 shares) |
| 2026-08-04 | Open-market sale (4,700 shares) |
| 2026-08-05 | Conversion of derivative (72,753 shares) |
| 2026-08-05 | Open-market sale (72,753 shares) |
| 2026-08-04 | Conversion of derivative (4,700 shares) |
| 2026-08-05 | Conversion of derivative (72,753 shares) |
Keywords
insider transaction, Form 4, DLO, dLocal Ltd, bearish, Sebastian Kanovich
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