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sellModerate10b5-1 plan

Sebastian Kanovich sold $15M of DLO

director at dLocal Ltd. 1,000,000 shares at an average of $14.63, traded Jul 1, 2026, filed Jul 2, 2026.

Warning score
40
Value
$15M
1,000,000 shares
Holdings after
0
-100% from before
From 52-week low
-
no price yet
From 52-week high
-
no price yet

Score components

  • Role
    Director
    +15
  • Trade size
    $14.6M at market
    +25
  • Share of holdings sold
    Sold 100% of holdings
    +20
  • Cluster
    No other insider selling within 14 days
    0
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

DLOOct 13, 2026 · close 15.02
Since filing Jul 2, 2026: +0.9%SPY +4.7% · excess -3.8%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0000950103-26-010204, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Jul 1, 2026CConversion
Class A Common Share10b5-1
+1,000,000--1,000,000Jul 2, 2026
Jul 1, 2026SOpen-market sale
Class A Common Share10b5-1
-1,000,000$14.63$15M0Jul 2, 2026
Jul 1, 2026CConversion
Class B Common Sharederivative10b5-1
-1,000,000$0.00$011,629,474Jul 2, 2026

Related signals

Other insiders at dLocal Ltd and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
40Moderate
DLOsell10b5-1
dLocal Ltd
Sebastian Kanovich
director
$1.2M
77,453 shares
-1648%
31Weak
DLOsell10b5-1
dLocal Ltd
Sebastian Kanovich
director
$398k
25,700 shares
-100%
34Weak
DLObuy
dLocal Ltd
William Rodney Pruett
director
$237k
20,000 shares
+23%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Sebastian Kanovich sold $15M of DLO | InsiderTell