Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 51

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 51
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 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 the following numbers of shares outstanding as of June 30, 2025: 312,458,403 common shares,
comprising 164,649,324 Class A common shares, 18,754,887 Class A common treasury shares held by us and 129,054,192 Class B common shares.
Our free float consists of 95,161,055 of Class A common shares, which represents 57.8% of total Class A common shares and 11.7% of total
voting power. Subsequent to June 30, 2025, all shares in treasury were canceled.

Unless otherwise indicated below, the address
for each beneficial owner is c/o DLocal Limited, at Dr. Luis Bonavita 1294, Montevideo, Uruguay 11300.

<div align='center'>S-34</div>

|                                                              |                               Shares 
 Beneficially Owned Prior to Offering |      |             |       |                                        % 
 of Total Voting Power Before Offering(1) |                 Shares 
 to be Sold in Offering |                                                                     Shares 
 Beneficially Owned After Offering Without Exercise of Underwriters’ Option |      |             |       |                                                                                % 
 of Total Voting Power After Offering Without Exercise of Underwriters’ Option(1) |                                                                       Shares 
 Beneficially Owned After Offering With Full Exercise of Underwriters’ Option |      |             |       |                                                                                  % 
 of Total Voting Power After Offering With Full Exercise of Underwriters’ Option(1) |
|                                                              |                              Class A |      |     Class B |       |                                  Class A |                        |                                                                    Class B |      |     Class A |       |                                                                          Class B |                                                                              |      |             |       |                                                                                    |
|                                                              |                               Shares |    % |      Shares |     % |                                   Shares |                      % |                                                                     Shares |    % |      Shares |     % |                                                                           Shares |                                                                            % |      |             |       |                                                                                    |
| 5% Shareholders                                              |                                      |      |             |       |                                          |                        |                                                                            |      |             |       |