Director Sebastian Kanovich sold 1,000,000 shares of DLO at $14.63 on 2026-07-01 under pre-arranged 10b5-1 plan; retains 11,629,474 derivative holdings.
Sebastian Kanovich, a director of dLocal Ltd, executed a scheduled sale of 1,000,000 shares valued at $14,630,000.00 under a 10b5-1 trading plan adopted on 2025-11-26, removing discretion from the timing decision. The sale occurred at $14.63 while the current market price stands at $14.88, placing the transaction just below recent levels. Although his non-derivative holdings fell to zero, Kanovich retains 11,629,474 Class B Common Shares in derivative form, meaning his economic interest in the company remains substantial. The 30-day price movement of +26.8% and 90-day movement of +15.7% show the stock has appreciated meaningfully in recent periods, yet the scheduled nature of this plan removes any inference about his current confidence or conviction around pricing.