| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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 | Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | ||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
(Country) | 2. Issuer Name and Ticker or Trading Symbol
Patria Investments Ltd [ PAX ] Foreign Trading Symbol | 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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| 3. Date of Earliest Transaction
(Month/Day/Year) 08/03/2026 | |||||||||||||||||||||||||||||
| 4. If Amendment, Date of Original Filed
(Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class A Common Shares | 08/03/2026(1) | A | 113 | A | $0 | 73,931 | D | |||
| Class A Common Shares | 08/17/2026(1) | A | 100,231 | A | $0 | 174,162 | D | |||
| Class A Common Shares | 08/17/2026(2) | A | 18,357 | A | $0 | 192,519 | D | |||
| Class A Common Shares | 08/17/2026(3) | A | 10,951 | A | $0 | 203,470 | D | |||
| Class A Common Shares | 08/17/2026(4) | A | 6,614 | A | $0 | 210,084(5) | D | |||
| Class A Common Shares | 10,714 | I | See Footnote(6) | |||||||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Explanation of Responses: |
| 1. Represents Class A Common Shares acquired by the Reporting Person pursuant to the Issuer's bonus program. |
| 2. Represents performance shares (including accumulated dividends) that have previously vested on January 22, 2026, subject to (i) the achievement of specified Total Shareholder Return goals and (ii) continuous employment through the applicable vesting date, but had not yet transferred to the Reporting Person until August 17, 2026. |
| 3. Represents Class A Common Shares acquired by the Reporting Person that settled pursuant to the Issuer's incentive based programs. |
| 4. Represents restricted stock units that have previously vested on January 22, 2026, but had not yet transferred to the Reporting Person until August 17, 2026. |
| 5. Includes 13,227 unvested restricted share units, 25,466 unvested restricted share units pursuant to the Issuer's matching share program, and 171,391 Class A Common Shares owned by the Reporting Person. |
| 6. Represents Class A Common Shares beneficially owned by Patria Holdings Limited which are directly held by Kalispell, an entity owned and controlled by the Reporting Person. |
| /s/ Jose Augusto Goncalves de Araujo Teixeira | 09/03/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||