Ana Paula Alves dos Santos - 18 Mar 2026 Form 3 Insider Report for Patria Investments Ltd (PAX)

Role: Head of Human Resources
Signature: /s/ Ana Paula Alves dos Santos
Issuer symbol: PAX
Transactions as of: 18 Mar 2026
Net transactions value: $0
Form type: 3
Filing time: 18 Mar 2026, 12:08:27 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Santos Ana Paula Alves	Head of Human Resources	60 NEXUS WAY, 4TH FLOOR, CAMANA BAY, CAYMAN ISLANDS	/s/ Ana Paula Alves dos Santos	18 Mar 2026	0002116344

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PAX	Class A Common Shares						273,946	18 Mar 2026	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	PAX	Performance Share Unit							18 Mar 2026	Class A Common Shares	43,606		Direct	F2
holding	PAX	Performance Share Unit							18 Mar 2026	Class A Common Shares	94,406		Direct	F2
holding	PAX	Performance Share Unit							18 Mar 2026	Class A Common Shares	118,044		Direct	F2
holding	PAX	Performance Share Unit							18 Mar 2026	Class A Common Shares	7,798		Direct	F2
holding	PAX	Performance Share Unit							18 Mar 2026	Class A Common Shares	139,350		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of 82,576 unvested restricted share units pursuant to the Issuer's matching share program, and 191,370 Class A Common Shares owned by the Reporting Person.
F2	The Performance Shares vest and are settled in Class A Common Shares in three equal annual installments beginning on the third anniversary of the grant date subject to (i) the achievement of specified Total Shareholder Return goals and (ii) continuous employment through the applicable vesting date.