Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 42

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 7
Chunk 42
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Item 7. Major Shareholders and Related Party Transactions
A.Major shareholders.
The following table and accompanying footnotes present information relating to the beneficial ownership of our Class A common shares and Class B common shares by:
•each person, or group of affiliated persons, known by us to own beneficially 5% or more of our outstanding shares;
•each of our current executive officers and directors; and
•all executive officers and directors as a group.
The number of common shares beneficially owned by each entity, person, executive officer or director is determined in accordance with the rules of the SEC, and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial ownership includes any shares over which the individual has sole or shared voting power or investment power as well as any shares that the individual has the right to acquire within 60 days through the exercise of any option, warrant or other right. Except as otherwise indicated, and subject to applicable community property laws, the persons named in the table have sole voting and investment power with respect to all common shares held by that person.
The percentages of beneficial ownership in the table below are calculated on the basis of 285,475,136 shares outstanding as of December 31, 2024, which assumes none of the currently existing warrants or stock options are exercised, and excludes 18,754,887 treasury shares held by us.

Unless otherwise indicated below, the address for each beneficial owner is c/o dLocal, Dr. Luis Bonavita, 1294, Montevideo, Uruguay, 11300. The table below presents shareholder information based on publicly available information filed on Schedules 13G and 13D and information provided to us by certain shareholders as of the date of this annual report.

                                   Class A                Class B                     Common shares
Shareholders                       Shares            %    Shares            %         %            
5% Shareholders                                                                                    
General Atlantic DO B.V(2)         63,906,695      40.9   —                 —                  22.4
Sergio Enrique Fogel Kaplan(3)     2,175,422        1.4   48,718,177      37.8                 17.8
Andres Bzurovski Bay(4)            1,088,363        0.7   48,718,583      37.8                 17.4
Alberto Eduardo Azar(5)