dLocal Co-Founder Bay Holds 23.6% Stake, 49.8M Shares
Ticker: DLO · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 1846832
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, amendment, beneficial-ownership
TL;DR
**dLocal co-founder still owns 23.6% of the company, showing strong insider commitment.**
AI Summary
Andres Bzurovski Bay, a co-founder of dLocal Ltd., filed an amended SC 13G/A on February 8, 2024, disclosing his beneficial ownership of 49,806,946 Class A Common Shares as of December 31, 2023. This represents 23.6% of the company's Class A shares, a slight decrease from previous filings. This matters to investors because it shows a significant insider maintains a substantial stake, indicating continued confidence, but also highlights a minor reduction in his overall percentage ownership.
Why It Matters
This filing confirms a key insider's continued significant ownership in dLocal, which can be a positive signal for long-term investors, but also notes a slight percentage reduction.
Risk Assessment
Risk Level: low — The filing indicates a stable, significant insider ownership, which generally reduces risk by aligning management's interests with shareholders.
Analyst Insight
Investors should view this as a confirmation of a co-founder's continued, substantial commitment to dLocal, which can be a positive long-term signal, but note the slight percentage decrease. No immediate action is necessarily warranted based solely on this filing.
Key Numbers
- 49,806,946 — Shares Beneficially Owned (Represents the total Class A Common Shares held by Andres Bzurovski Bay.)
- 23.6% — Percent of Class (Indicates the significant portion of dLocal's Class A Common Shares owned by Andres Bzurovski Bay.)
- $0.002 — Par Value per Share (The nominal value of dLocal's Class A Common Shares.)
Key Players & Entities
- Andres Bzurovski Bay (person) — Reporting Person, co-founder of dLocal Ltd.
- dLocal Ltd. (company) — Subject Company
- 49,806,946 (dollar_amount) — Aggregate amount of shares beneficially owned by Andres Bzurovski Bay
- 23.6% (dollar_amount) — Percentage of class represented by Andres Bzurovski Bay's ownership
- December 31, 2023 (date) — Date of event requiring the filing
Forward-Looking Statements
- Andres Bzurovski Bay will maintain a significant ownership stake in dLocal Ltd. for the foreseeable future. (Andres Bzurovski Bay) — high confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Andres Bzurovski Bay, a co-founder of dLocal Ltd., as stated on the cover page and in Item 1 of the filing.
What is the total number of Class A Common Shares beneficially owned by Andres Bzurovski Bay as of December 31, 2023?
Andres Bzurovski Bay beneficially owned 49,806,946 Class A Common Shares, as reported in Row 9 of the cover page and in Footnote (1) of the filing.
What percentage of dLocal Limited's Class A Common Shares does Andres Bzurovski Bay own?
Andres Bzurovski Bay owns 23.6% of the Class A Common Shares, as indicated in Row 11 of the cover page.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page of the SC 13G/A.
What type of shares does Andres Bzurovski Bay hold directly, as mentioned in the filing?
Footnote (1) states that the aggregate amount beneficially owned consists of 48,718,583 Class B common shares held directly by Andres Bzurovski Bay, which are convertible into Class A shares.
Filing Stats: 865 words · 3 min read · ~3 pages · Grade level 9.3 · Accepted 2024-02-08 16:48:30
Key Financial Figures
- $0.002 — uer) Class A Common Shares, par value $0.002 per share (Title of Class of Securiti
Filing Documents
- dp206425_sc13ga-bay.htm (SC 13G/A) — 33KB
- 0000950103-24-001939.txt ( ) — 35KB
OWNERSHIP
ITEM 4. OWNERSHIP. All ownership percentages assume that there are 161,937,473 Class A common shares outstanding. The information set forth in Item 2 above is incorporated by reference for the Reporting Person. (a) Amount beneficially owned: See row 9 of the cover pages to this Schedule 13G. (b) Percent of class: See row 11 of the cover pages to this Schedule 13G. (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: See row 5 of the cover pages to this Schedule 13G. (ii) Shared power to vote or to direct the vote: See row 6 of the cover pages to this Schedule 13G. (iii) Sole power to dispose or to direct the disposition of: See row 7 of the cover pages to this Schedule 13G. (iv) Shared power to dispose or to direct the disposition of: See row 8 of the cover pages to this Schedule 13G.
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not Applicable.
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not Applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not Applicable.
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not Applicable.
NOTICE OF DISSOLUTION OF GROUP
ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not Applicable.
CERTIFICATIONS
ITEM 10. CERTIFICATIONS. Not Applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 8, 2024 Andres Bzurovski Bay By: /s/ Andres Bzurovski Bay Name: Andres Bzurovski Bay