Chedid Simoes Eduardo 4

What Happened
Chedid Simoes, CEO of PicS N.V. (PICS), purchased 87,505 shares on March 26, 2026. The reported weighted-average price was $11.52 per share, for a total reported purchase value of $1,008,058. This was a purchase (code P), which investors often view as a more informative, potentially bullish signal than routine sales.

Key Details

• Transaction date: 2026-03-26 (filed 2026-03-27). Transaction code: P (purchase).
• Price: weighted average $11.52; actual execution prices ranged from $11.44 to $11.60 (per footnote).
• Total value: $1,008,058 for 87,505 shares.
• Shares owned after transaction: not specified in the filing.
• Footnote: the $11.52 is a weighted average; the filer can provide a breakdown of shares bought at each price within the $11.44–$11.60 range upon request.
• Regulatory note: Because PicS is a foreign private issuer, these transactions are exempt from Sections 16(b) and 16(c) of the Securities Exchange Act (per filing remarks).

Context
This was an open-market purchase (multiple trades aggregated to a weighted-average price). The filing provides no indication of any option exercise, gift, or tax-withholding event. The report appears timely (filed the business day after the transaction). As always, purchases by insiders are factual data points — they indicate the insider bought shares but do not disclose the insider’s motivation.