SCHEDULE: DLocal Limited: Major Shareholder Filing

Schedule 13G filing reveals Alberto Eduardo Azar and Aqua Crystal Investments Ltd. collectively hold 10.3% of DLocal Limited's Class A common shares.

Summary

• This filing is an amendment to a Schedule 13G, indicating a change in beneficial ownership of DLocal Limited's Class A Common Shares.
• The reporting persons are Alberto Eduardo Azar and Aqua Crystal Investments Ltd.
• As of March 31, 2026, Alberto Eduardo Azar directly holds 653,024 shares and beneficially owns an additional 17,820,816 shares held by Aqua Crystal Investments Ltd.
• Collectively, the reporting persons beneficially own 18,473,840 Class A common shares, representing 10.3% of the total outstanding shares.
• Aqua Crystal Investments Ltd. holds 17,820,816 shares, representing 9.9% of the outstanding shares.
• The filing states that Alberto Eduardo Azar disclaims beneficial ownership of shares held by Aqua Crystal Investments Ltd. beyond his pecuniary interest.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It is a routine disclosure of beneficial ownership and does not provide new financial or operational information that would inherently be positive or negative.

Positives

• Significant beneficial ownership stake (10.3%) by key individuals/entities in DLocal Limited.
• Clear disclosure of shareholdings and beneficial ownership.

Negatives

• No specific financial performance data or operational updates are provided in this filing, as it is a disclosure of ownership.
• The disclaimer of beneficial ownership by Alberto Eduardo Azar for shares held by Aqua Crystal Investments Ltd. beyond his pecuniary interest could be a point of scrutiny.

Risks

• Potential for future changes in beneficial ownership that could impact share price or corporate control.
• Concentration of ownership could lead to influence over company decisions.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding future financial performance or strategic plans. It solely pertains to beneficial ownership disclosure.

Management Comments

• Alberto Eduardo Azar disclaims any beneficial ownership of the shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are standard disclosures for significant institutional investors or individuals acquiring more than 5% of a company's voting stock. This filing indicates a substantial stake in DLocal Limited, a fintech company operating in the payments sector.

Stakeholder Impact

• Shareholders: The concentration of ownership may influence future corporate decisions and potentially impact share price if significant actions are taken by these holders.
• Management: May face increased scrutiny or influence from these large shareholders.
• Creditors: No direct impact indicated by this filing.

Next Steps

• Monitor future filings for any changes in beneficial ownership by Alberto Eduardo Azar and Aqua Crystal Investments Ltd.
• Observe any potential influence these significant shareholders may exert on DLocal Limited's corporate strategy or governance.

Key Dates

Keywords

DLocal Limited, Schedule 13G, Beneficial Ownership, Shareholder, Class A Common Shares, SEC Filing, Alberto Eduardo Azar, Aqua Crystal Investments Ltd.