# EDGAR Filing Document

**Accession Number:** 0001691493
**File Stem:** 0000950103-25-013341
**Filing Date:** 2025-10
**Character Count:** 14509
**Document Hash:** 9930d06a0c2d4f1634457bb899e10f99
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-25-013341.hdr.sgml**: 20251017

**ACCESSION NUMBER**: 0000950103-25-013341

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251017

**DATE AS OF CHANGE**: 20251017

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nu Holdings Ltd.
- **CENTRAL INDEX KEY:** 0001691493
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 981302320
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93381
- **FILM NUMBER:** 251401066

**BUSINESS ADDRESS:**
- **STREET 1:** RUA CAPOTE VALENTE, 39
- **STREET 2:** PINHEIROS
- **CITY:** SAO PAULO, SP
- **STATE:** D5
- **ZIP:** 05409-000
- **BUSINESS PHONE:** 888-888-8888

**MAIL ADDRESS:**
- **STREET 1:** RUA CAPOTE VALENTE, 39
- **STREET 2:** PINHEIROS
- **CITY:** SAO PAULO, SP
- **STATE:** D5
- **ZIP:** 05409-000
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Rua California Ltd.
- **CENTRAL INDEX KEY:** 0001914225

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X3

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** FLOOR 4, WILLOW HOUSE, CRICKET SQUARE
- **CITY:** GRAND CAYMAN
- **STATE:** E9
- **ZIP:** KY1-9010
- **BUSINESS PHONE:** 1 345 949 2648

**MAIL ADDRESS:**
- **STREET 1:** FLOOR 4, WILLOW HOUSE, CRICKET SQUARE
- **CITY:** GRAND CAYMAN
- **STATE:** E9
- **ZIP:** KY1-9010

## Ex-99.A

Exhibit A

SCHEDULE 13G/A

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a statement on Schedule 13G/A (including amendments thereto) with respect to the Class A ordinary shares of Nu Holdings Ltd. and further agree that this Joint Filing Agreement shall be included as an exhibit to such joint filings.

The undersigned further agree that each party hereto is responsible for the timely filing of such Schedule 13G/A and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein; provided, however, that no party is responsible for the completeness or accuracy of the information concerning any other party making the filing, unless such party knows or has reason to believe that such information is inaccurate.

IN WITNESS WHEREOF, the parties have executed this Joint Filing Agreement on October, 17th, 2025.

---

| | |
|:---|:---|
| By: | /s/ David Vélez Osorno |
| Name: | David Vélez Osorno |

---

---

| | |
|:---|:---|
| Rua California Ltd. | Rua California Ltd. |
| By: | /s/ David Vélez Osorno |
| Name: | David Vélez Osorno |
| Title: | Director |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 5)**

**Issuer:** Nu Holdings Ltd.

**Title of Class of Securities:** Class A ordinary shares, par value $0.000006666666667 per share

**CUSIP Number:** G6683N103

**Date of Event Which Requires Filing of this Statement:** 09/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>David Velez Osorno | Names of Reporting Persons<br>David Velez Osorno |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>F8 | Citizenship or Place of Organization<br>F8 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>905579578.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>905579578.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>905579578.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>905579578.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>19.16% | Percent of Class Represented by Amount in Row (9)<br>19.16% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

---

| 1. | Names of Reporting Persons<br>Rua California Ltd. | Names of Reporting Persons<br>Rua California Ltd. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>902214879.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>902214879.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>902214879.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>902214879.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>19.10% | Percent of Class Represented by Amount in Row (9)<br>19.10% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

---

**Item 1(a). Name of Issuer:**
Nu Holdings Ltd.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
Floor 4, Willow House, Cricket Square, Grand Cayman, KY1-9010, Cayman Islands

**Item 2(a). Name of Person Filing:**
This Amendment to Schedule 13G (the "Statement") is being filed by (i) David Velez Osorno; and (ii) Rua California Ltd. (each a "Reporting Person" and collectively, the "Reporting Persons"). Each of the Reporting Persons is a shareholder of the Issuer. Each of the Reporting Persons, however, disclaims beneficial ownership with respect to any shares of stock owned by the other Reporting Persons.

The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed with this Statement as Exhibit A, pursuant to which the Reporting Persons have agreed to file this Statement jointly in accordance with the provisions of Rule 13d-1(k) of the Act.

**Item 2(b). Address of Principal Business Office:**
The principal office and business address of each of the Reporting Persons is Floor 4, Willow House, Cricket Square, Grand Cayman, KY1-9010, Cayman Islands.

**Item 2(c). Citizenship:**
See row 4 of the cover pages to this Statement.

**Item 2(d). Title of Class of Securities:**
Class A ordinary shares, par value $0.000006666666667 per share

**Item 2(e). CUSIP Number:**
G6683N103

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

See row 9 of the cover sheet of each Reporting Person.
With respect to David Velez Osorno, the number of shares in row 9 consists of (i) 1,500,000 Class B ordinary shares held of record by Mariel Lorena Reyes Milk, the wife of David Velez Osorno, who has voting rights over such shares; and (ii) 2,455,080 Class A ordinary shares and 901,624,498 Class B ordinary shares held of record by Rua California Ltd., a company controlled by David Velez Osorno, who holds 100% of the shares in Rua California Ltd.
With respect to Rua California Ltd., the number of shares in row 9 consists of 590,381 Class A ordinary shares and 901,624,498 Class B ordinary shares held of record by Rua California Ltd.
Each Class B ordinary share is convertible into one Class A ordinary share at the option of its holder at any time.
The information set forth in Item 2 above is incorporated by reference for each Reporting Person.

**(b) Percent of class:**

See row 11 of the cover sheet of each Reporting Person.
The percentage of class in row 11 of the cover sheet of each Reporting Person represents the quotient obtained by dividing (a) the aggregate number of Class A ordinary shares and Class B ordinary shares beneficially owned by such Reporting Person as set forth in row 9 of the cover sheet of each Reporting Person by (b) the sum of (i) 3,822,975,011 Class A ordinary shares outstanding as of September 30, 2025, as reported by the Issuer to the Reporting Persons, and (ii) the aggregate number of Class B ordinary shares beneficially owned by such Reporting Person. The aggregate number of Class B ordinary shares beneficially owned by the Reporting Person as set forth in clauses "(a)" and "(b)" above are treated as converted into Class A ordinary shares only for the purpose of computing the percentage ownership of the Reporting Person.
All ownership percentages assume that there are 3,822,975,011 Class A ordinary shares outstanding.
Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 20 votes. The percentage reported does not reflect the 20 for one voting power of the Class B ordinary shares because the Class B ordinary shares are treated as converted into Class A ordinary shares for the purpose of this report.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

See row 5 of the cover sheet of each Reporting Person.

**(ii) Shared power to vote or to direct the vote:**

See row 6 of the cover sheet of each Reporting Person.
With respect to David Velez Osorno, the number of shares in row 6 consists of (i) 1,500,000 Class B ordinary shares held of record by Mariel Lorena Reyes Milk, the wife of David Velez Osorno, who has voting rights over such shares; and (ii) 2,455,080 Class A ordinary shares and 901,624,498 Class B ordinary shares held of record by Rua California Ltd., a company controlled by David Velez Osorno, who holds 100% of the shares in Rua California Ltd.
With respect to Rua California Ltd., the number of shares in row 6 consists of 590,381 Class A ordinary shares and 901,624,498 Class B ordinary shares held of record by Rua California Ltd.

**(iii) Sole power to dispose or to direct the disposition of:**

See row 7 of the cover sheet of each Reporting Person.

**(iv) Shared power to dispose or to direct the disposition of:**

See row 8 of the cover sheet of each Reporting Person.
With respect to David Velez Osorno, the number of shares in row 8 consists of (i) 1,500,000 Class B ordinary shares held of record by Mariel Lorena Reyes Milk, the wife of David Velez Osorno, who has voting rights over such shares; and (ii) 2,455,080 Class A ordinary shares and 901,624,498 Class B ordinary shares held of record by Rua California Ltd., a company controlled by David Velez Osorno, who holds 100% of the shares in Rua California Ltd.
With respect to Rua California Ltd., the number of shares in row 8 consists of 590,381 Class A ordinary shares and 901,624,498 Class B ordinary shares held of record by Rua California Ltd.

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

The information set forth in Item 2 above is incorporated herein by reference.

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

—

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**David Velez Osorno**

**Date:** 10/17/2025

**By:** /s/ David Velez Osorno

**Name & Title:** David Velez Osorno

**Rua California Ltd.**

**Date:** 10/17/2025

**By:** /s/ David Velez Osorno

**Name & Title:** David Velez Osorno, Director