# EDGAR Filing Document

**Accession Number:** 0001430162
**File Stem:** 0000950103-25-012095
**Filing Date:** 2025-9
**Character Count:** 30257
**Document Hash:** b862c534565d7fa1380477b2ef194ee0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-25-012095.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0000950103-25-012095

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

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20250923

**DATE AS OF CHANGE**: 20250923

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cosan S.A.
- **CENTRAL INDEX KEY:** 0001430162
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D5
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-83905
- **FILM NUMBER:** 251335002

**BUSINESS ADDRESS:**
- **STREET 1:** AV. BRIGADEIRO FARIA LIMA
- **STREET 2:** 4100, 16TH FLOOR
- **CITY:** SAO PAULO, SP
- **STATE:** D5
- **ZIP:** 04538-132
- **BUSINESS PHONE:** 55-11-3897-9797

**MAIL ADDRESS:**
- **STREET 1:** AV. BRIGADEIRO FARIA LIMA
- **STREET 2:** 4100, 16TH FLOOR
- **CITY:** SAO PAULO, SP
- **STATE:** D5
- **ZIP:** 04538-132

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cosan S.A. Industria e Comercio
- **DATE OF NAME CHANGE:** 20080319
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Queluz Holdings Ltd.
- **CENTRAL INDEX KEY:** 0001449045

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** AV. JUSCELINO KUBITSCHEK
- **STREET 2:** 1726, 11TH FLOOR
- **CITY:** SAO PAULO SP
- **STATE:** D5
- **ZIP:** 04543-000
- **BUSINESS PHONE:** 55-11-3897-9797

**MAIL ADDRESS:**
- **STREET 1:** AV. JUSCELINO KUBITSCHEK
- **STREET 2:** 1726, 11TH FLOOR
- **CITY:** SAO PAULO SP
- **STATE:** D5
- **ZIP:** 04543-000

## Ex-99.A_1

**SCHEDULE A-1**

**CONTROLLING PERSONS, DIRECTORS AND EXECUTIVE OFFICERS OF<br> QUELUZ HOLDINGS LIMITED**

The name, business address, title, present principal occupation or employment of each of the directors and executive officers of Queluz Holdings Limited ("Queluz") are set forth below. If no business address is given, the director's or officer's business address is Av. Brigadeiro Faria Lima, 4100 – 16th floor, Sao Paulo, SP 04538-132, Brazil. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to Queluz. All of the persons listed below are citizens of Brazil.

---

| | |
|:---|:---|
| **Name and Business Address**  | **Present Principal Occupation Including Name and<br> Address of Employer(1)**  |
| *Directors* |  |
| Rubens Ometto Silveira Mello | Director and President |
| Burkhard Otto Cordes | Director and Vice President |
| Celso Renato Geraldin | Director and Vice President |
| Mônica Maria Mellão Silveira Mello | Director |

---

---

| | |
|:---|:---|
| **Name and Business Address**  | **Present Principal Occupation Including Name and<br> Address of Employer(1)**  |
| *Executive Officers* |  |
| Rubens Ometto Silveira Mello | Director and President |
| Burkhard Otto Cordes | Director and Vice President |
| Celso Renato Geraldin | Director and Vice President |

---

(1) Same address as director's or officer's
 business address except where indicated.

## Ex-99.A-2

**SCHEDULE A-2**

**CONTROLLING PERSONS, DIRECTORS AND EXECUTIVE OFFICERS OF<br> AGUASSANTA INVESTIMENTOS S.A.**

The name, business address, title, present principal occupation or employment of each of the directors and executive officers of Aguassanta Investimentos S.A. ("AS Investimentos") are set forth below. If no business address is given, the director's or officer's business address is Av. Brigadeiro Faria Lima, 4100 – 16th floor, Sao Paulo, SP 04538-132, Brazil. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to AS Investimentos. All of the persons listed below are citizens of Brazil.

---

| | |
|:---|:---|
| **Name and Business Address** | **Present Principal Occupation Including Name and<br> Address of Employer(1)** |
| *Directors* |  |
| Rubens Ometto Silveira Mello | Director and President |
| Mônica Maria Mellão Silveira Mello | Director |
| Isabel Mellão Silveira Mello | Director |

---

---

| | |
|:---|:---|
| **Name and Business Address** | **Present Principal Occupation Including Name and<br> Address of Employer(1)** |
| *Executive Officers* |  |
| Rubens Ometto Silveira Mello | Director and President |
| Burkhard Otto Cordes | Vice President |
| Celso Renato Geraldin | Vice President |

---

(1) Same address as director's or officer's
 business address except where indicated.

## Ex-99.A-3

**SCHEDULE A-3**

**CONTROLLING PERSONS, DIRECTORS AND EXECUTIVE OFFICERS OF<br> AGUASSANTA NEGOCIOS S.A.**

The name, business address, title, present principal occupation or employment of each of the directors and executive officers of Aguassanta Negocios S.A. ("AS Negocios") are set forth below. If no business address is given, the director's or officer's business address is Av. Brigadeiro Faria Lima, 4100 – 16th floor, Sao Paulo, SP 04538-132, Brazil. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to AS Negocios. All of the persons listed below are citizens of Brazil.

---

| | |
|:---|:---|
| **Name and Business Address** | **Present Principal Occupation Including Name and<br> Address of Employer(1)** |
| *Directors* |  |
| Rubens Ometto Silveira Mello | Director and President |
| Mônica Maria Mellão Silveira Mello | Director |
| Isabel Mellão Silveira Mello | Director |
| Pedro Isamu Mizutani | Director |

---

---

| | |
|:---|:---|
| **Name and Business Address** | **Present Principal Occupation Including Name and<br> Address of Employer(1)** |
| *Executive Officers* |  |
| Rubens Ometto Silveira Mello | Director and President |
| Burkhard Otto Cordes | Vice President |
| Celso Renato Geraldin | Vice President |

---

(1) Same
 address as director's or officer's business address except where indicated.

## Ex-99.A-4

**SCHEDULE A-4**

**CONTROLLING PERSONS, DIRECTORS AND EXECUTIVE OFFICERS OF<br> RIO DAS PEDRAS ACOES**

The name, business address, title, present principal occupation or employment of each of the executive officers of Rio das Pedras Ações ("Rio das Pedras") are set forth below. Rio das Pedras is an equities fund organized under the laws of Brazil and has no directors. If no business address is given, the officer's business address is Rua Cezira Giovanoni Moretti, 955, 2nd floor, Piracicaba, SP 13414-157, Brazil. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to Rio das Pedras. All of the persons listed below are citizens of Brazil.

---

| | |
|:---|:---|
| **Name and Business Address** | **Present Principal Occupation Including Name and<br> Address of Employer(1)** |
| *Executive Officers* |  |
| Rubens Ometto Silveira Mello | Executive Officer |
| Burkhard Otto Cordes | Executive Officer |
| Sylvio Klein Trompowsky Heck | Executive Officer |
| Celso Renato Geraldin | Executive Officer |
| Ivan Kenji Uchimura | Executive Officer |

---

(1) Same address as officer's
 business address except where indicated.

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

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Cosan S.A.**

*(Name of Issuer)*

**Common shares, without par value ("Shares") and American Depositary Shares ("ADSs"), each representing four Shares**

*(Title of Class of Securities)*

**22113B103**

*(CUSIP Number)*

**Rubens Ometto Silveira Mello**<br>Av. Brigadeiro Faria Lima<br>4100, 16th floor<br>SAO PAULO, SP D5 04538-132<br>(55)(11) 3897-9797

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**09/21/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **22113B103** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Queluz Holdings Ltd.** | Name of reporting person<br>**Queluz Holdings Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D8** | Citizenship or place of organization<br>**D8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**109532616.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**109532616.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**109532616.00** | Aggregate amount beneficially owned by each reporting person<br>**109532616.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**5.9%** | Percent of class represented by amount in Row (11)<br>**5.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**HC** | Type of Reporting Person (See Instructions)<br>**HC** | |

---

**Comment for Reporting Person:** Note to Row 8, 10 and 11:  See Item 5

Note to Row 13:  This percentage is calculated based on 1,866,570,932 common shares, no par value, outstanding as of April 30, 2025, as reported by Cosan S.A. in its annual report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2025.

| **CUSIP No.** | **22113B103** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Aguassanta Investimentos S.A.** | Name of reporting person<br>**Aguassanta Investimentos S.A.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D5** | Citizenship or place of organization<br>**D5** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**562682406.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**562682406.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**562682406.00** | Aggregate amount beneficially owned by each reporting person<br>**562682406.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**30.1%** | Percent of class represented by amount in Row (11)<br>**30.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**HC** | Type of Reporting Person (See Instructions)<br>**HC** | |

---

**Comment for Reporting Person:** Note to Row 8, 10 and 11:  See Item 5

Note to Row 13:  This percentage is calculated based on 1,866,570,932 common shares, no par value, outstanding as of April 30, 2025, as reported by Cosan S.A. in its annual report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2025.

| **CUSIP No.** | **22113B103** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Aguassanta Negocios S.A.** | Name of reporting person<br>**Aguassanta Negocios S.A.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D5** | Citizenship or place of organization<br>**D5** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**20268.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**20268.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**20268.00** | Aggregate amount beneficially owned by each reporting person<br>**20268.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.0%** | Percent of class represented by amount in Row (11)<br>**0.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**HC** | Type of Reporting Person (See Instructions)<br>**HC** | |

---

**Comment for Reporting Person:** Note to Row 8, 10 and 11:  See Item 5

Note to Row 13:  This percentage is calculated based on 1,866,570,932 common shares, no par value, outstanding as of April 30, 2025, as reported by Cosan S.A. in its annual report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2025.

| **CUSIP No.** | **22113B103** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Rio das Pedras Acoes** | Name of reporting person<br>**Rio das Pedras Acoes** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D5** | Citizenship or place of organization<br>**D5** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**77640.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**77640.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**77640.00** | Aggregate amount beneficially owned by each reporting person<br>**77640.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.0%** | Percent of class represented by amount in Row (11)<br>**0.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**HC** | Type of Reporting Person (See Instructions)<br>**HC** | |

---

**Comment for Reporting Person:** Note to Row 8, 10 and 11:  See Item 5

Note to Row 13:  This percentage is calculated based on 1,866,570,932 common shares, no par value, outstanding as of April 30, 2025, as reported by Cosan S.A. in its annual report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2025.

| **CUSIP No.** | **22113B103** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Rubens Ometto Silveira Mello** | Name of reporting person<br>**Rubens Ometto Silveira Mello** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D5** | Citizenship or place of organization<br>**D5** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**672312930.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**672312930.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**672312930.00** | Aggregate amount beneficially owned by each reporting person<br>**672312930.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**36.0%** | Percent of class represented by amount in Row (11)<br>**36.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Note to Row 8, 10 and 11:  See Item 5

Note to Row 13: This percentage is calculated based on 1,866,570,932 common shares, no par value, outstanding as of April 30, 2025, as reported by Cosan S.A. in its annual report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2025.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common shares, without par value ("Shares") and American Depositary Shares ("ADSs"), each representing four Shares

**(b) Name of Issuer:**
Cosan S.A.

**(c) Address of Issuer's Principal Executive Offices:**
AV. BRIGADEIRO FARIA LIMA, 4100, 16TH FLOOR, SAO PAULO, SP, D5, 04538-132

This Amendment No. 1 amends and supplements the statement on Schedule 13D filed with the U.S. Securities and Exchange Commission (the "SEC") on June 14, 2022 (as so amended, the "Statement") relating to common shares, no par value (the "Shares") of Cosan S.A. (the "Issuer"), a corporation (sociedade anonima) of indefinite term incorporated under the laws of Brazil, having its registered office in the city of Sao Paulo, state of Sao Paulo, at Avenida Brigadeiro Faria Lima, 4,100 - 16th floor, room 1, ZIP Code 04538-132, Brazil. The Issuer's American depositary shares ("ADSs"), each representing four Shares, are listed on the New York Stock Exchange under the symbol "CSAN." Capitalized terms used herein and not otherwise defined in this Amendment No. 1 have the meanings set forth in the original statement on Schedule 13D.

This Amendment No. 1 is being filed to reflect the proposed acquisition of additional Shares of the Issuer by Aguassanta Investimentos S.A., a corporation (sociedade anonima) of indefinite term incorporated under the laws of Brazil ("AS Investimentos") and Queluz Holdings Limited, a business company organized under the laws of the British Virgin Islands ("Queluz" and, together with AS Investimentos, "Holdings Aguassanta") pursuant to an investment agreement (Acordo de Investimento e Outras Avencas) entered into among the Issuer, Holdings Aguassanta, entities affiliated with BTG Pactual Holding and investment vehicles managed by BTG Pactual Asset Management ("BTG"), and investment vehicles managed by Perfin Infra Administracao de Recursos Ltda. ("Perfin" and, collectively with BTG, the "Investors" and, the Investors, collectively with Holdings Aguassanta, the "Anchor Investors") dated as of September 21, 2025 (the "Investment Agreement").

Pursuant to Rule 13d-1(j) under the Exchange Act, in presenting this Statement, the Reporting Persons (as defined below) have relied on the Issuer's annual report on Form 20-F filed with the SEC on April 30, 2025.

**Item 4. Purpose of Transaction**

Item 4 of the original statement on Schedule 13D is amended and restated to read as follows:

The Shares to which this Statement relates were acquired by the Reporting Persons with the purpose of investing in the Issuer's securities. The Shares to be subscribed for by Holdings Aguassanta as part of the transactions described in Item 3 will be acquired with the purpose of investing in the Issuer's securities.

Mr. Mello is the chairman of the board of the directors of the Issuer and the controlling shareholder of each of Queluz, AS Investimentos, AS Negocios and Rio das Pedras. Each of the Shares entitles its holder to one vote. Mr. Mello controls 36.0% of the Issuer's issued and outstanding share capital and voting power by virtue of his beneficial ownership and control of 672,312,930 of the Issuer's Shares (including the Shares represented by ADSs).

The Reporting Persons intend to review their holdings in the Issuer on a continuing basis and, depending upon the price and availability of the Issuer securities, subsequent developments affecting the Issuer, the business prospects of the Issuer, general stock market and economic conditions, tax considerations and other factors deemed relevant, may consider increasing or decreasing their investment in the Issuer. As part of this ongoing review, the Reporting Persons have engaged and/or may in the future engage, legal and financial advisors to assist them in such review and in evaluating strategic alternatives that are or may become available with respect to their holdings in the Issuer.

Except as otherwise contemplated herein, the Reporting Persons currently have no plans or proposals which relate to or would result in any of the actions enumerated in paragraphs (a) through (j) of Item 4 of the form of Schedule 13D promulgated under the Exchange Act. However, each of the Reporting Persons reserves the right to change its plans at any time, as it deems appropriate, in light of its ongoing evaluation of (i) its business and liquidity objectives, (ii) the Issuer's financial condition, business, operations, competitive position, prospects and/or share price, (iii) industry, economic and/or securities markets conditions, (iv) alternative investment opportunities, and (v) other relevant factors. Without limiting the generality of the preceding sentence, each of the Reporting Persons reserves the right (in each case, subject to any applicable restrictions under law or contract) to at any time or from time to time (A) purchase or otherwise acquire additional Shares or other securities of the Issuer, or instruments convertible into or exercisable for any such securities (collectively, "Issuer Securities"), in the open market, in privately negotiated transactions or otherwise, (B) sell, transfer or otherwise dispose of Issuer Securities in public or private transactions, (C)  acquire or write options contracts, or enter into derivatives or hedging transactions, relating to Issuer Securities, and/or (D) encourage (including, without limitation, through their designees on the Issuer's board of directors and/or communications with directors, management, and existing or prospective security holders, investors or lenders, of the Issuer, existing or potential strategic partners, industry analysts and other investment and financing professionals) the Issuer to consider or explore (i) sales or acquisitions of assets or businesses, or extraordinary corporate transactions, such as a merger (including transactions in which affiliates of Reporting Persons may be proposed as acquirers or as a source of financing), (ii) changes to the Issuer's capitalization or dividend policy, (iii) changing the present board of directors of the Issuer, including changing the number or term of board members or filling existing vacancies on the board, (iv) changing the Issuer's by-laws, and (v) other changes to the Issuer's business or structure. In addition, the directors of the Issuer who are affiliated with Mr. Mello may remain in office or may resign or be removed from office in accordance with the provisions of the Issuer's organizational documents.

The information set forth in Items 3 and 6 of this Statement is incorporated by reference in its entirety into this Item 4.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5 of the original statement on Schedule 13D is amended and restated to read as follows:

(a) - (b)  For the purpose of Rule 13d-3 promulgated under the Exchange Act:

(i) Queluz beneficially owns, and has shared power to vote or dispose of, 109,532,616 Shares, representing 5.9% of the outstanding Shares of the Issuer;

(ii) AS Investimentos beneficially owns, and has shared power to vote or dispose of 562,682,406 Shares, representing 30.1% of the outstanding Shares of the Issuer;

(iii) AS Negocios beneficially owns, and has shared power to vote or dispose of 20,268 Shares, representing 0.0% of the outstanding Shares of the Issuer;

(iv) Rio das Pedras beneficially owns, and has shared power to vote or dispose of 77,640 Shares, representing 0.0% of the outstanding Shares of the Issuer; and

 (v) Mr. Mello beneficially owns, and has shared power to vote or dispose of 672,312,930 Shares, representing 36.0% of the outstanding Shares of the Issuer (by virtue of his beneficial ownership and control of Shares owned by Queluz, AS Investimentos, AS Negocios and Rio das Pedras).

**(b)**
See (a) above.

**(c)**
Except for the transactions described in Items 3 and 4 of this Statement, the Reporting Persons have not engaged in any transaction during the past 60 days involving Shares or ADSs of the Issuer.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 of the original statement on Schedule 13D is amended and restated to read as follows:

Except as otherwise contemplated herein, to the best knowledge of the Reporting Persons, there are no contracts, arrangements, understandings or relationships (legal or otherwise), including, but not limited to, transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies, between the persons enumerated in Item 2, and any other person, with respect to any securities of the Issuer, including any securities pledged or otherwise subject to a contingency the occurrence of which would give another person voting power or investment power over such securities other than standard default and similar provisions contained in loan agreements.

The information set forth in Item 3 of this Statement is incorporated by reference in its entirety into this Item 6.

### 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.

**Reporting Person:** Queluz Holdings Ltd.

**Signature:** /s/ Rubens Ometto Silveira Mello

**Name/Title:** Rubens Ometto Silveira Mello, Director and President

**Date:** 09/23/2025

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.

**Reporting Person:** Aguassanta Investimentos S.A.

**Signature:** /s/ Rubens Ometto Silveira Mello

**Name/Title:** Rubens Ometto Silveira Mello, Director and President

**Date:** 09/23/2025

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.

**Reporting Person:** Aguassanta Negocios S.A.

**Signature:** /s/ Rubens Ometto Silveira Mello

**Name/Title:** Rubens Ometto Silveira Mello, Director and President

**Date:** 09/23/2025

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.

**Reporting Person:** Rio das Pedras Acoes

**Signature:** /s/ Rubens Ometto Silveira Mello

**Name/Title:** Rubens Ometto Silveira Mello, Executive Officer

**Date:** 09/23/2025

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.

**Reporting Person:** Rubens Ometto Silveira Mello

**Signature:** /s/ Rubens Ometto Silveira Mello

**Name/Title:** Rubens Ometto Silveira Mello

**Date:** 09/23/2025