Avila Carlos Eduardo Gonzalez - 18 Mar 2026 Form 3 Insider Report for Arcos Dorados Holdings Inc. (ARCO)

Role: Chief Operating Officer
Signature: /s/ Roman Ajzen, attorney-in-fact on behalf of Carlos Gonzalez Avila
Issuer symbol: ARCO
Transactions as of: 18 Mar 2026
Net transactions value: $0
Form type: 3
Filing time: 18 Mar 2026, 11:31:56 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Gonzalez Avila Carlos Eduardo	Chief Operating Officer	RIO NEGRO 1338, FIRST FLOOR, MONTEVIDEO, URUGUAY	/s/ Roman Ajzen, attorney-in-fact on behalf of Carlos Gonzalez Avila	18 Mar 2026	0002115909

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

Type	Sym	Class	Date	Underlying Class	Amount	Ownership	Footnotes
holding	ARCO	Phantom Restricted Stock Unit	18 Mar 2026	Class A common share	7,522	Direct	F1
holding	ARCO	Phantom Restricted Stock Unit	18 Mar 2026	Class A common share	5,735	Direct	F1
holding	ARCO	Phantom Restricted Stock Unit	18 Mar 2026	Class A common share	14,970	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Each Phantom Restricted Stock Unit ("Phantom RSU") represents the cash equivalent of the closing price of one Class A common share on the vesting date, plus any dividends paid on the Class A common share, if any, since the grant date. The date exercisable and expiration date represent the vesting date for this Phantom RSU. Each Phantom RSU will be settled in cash promptly following the vesting date.

Content

Each Phantom Restricted Stock Unit ("Phantom RSU") represents the cash equivalent of the closing price of one Class A common share on the vesting date, plus any dividends paid on the Class A common share, if any, since the grant date. The date exercisable and expiration date represent the vesting date for this Phantom RSU. Each Phantom RSU will be settled in cash promptly following the vesting date.