Nu Holdings CEO David Vélez Withholds 45,690 Shares for Taxes
Nu Holdings Ltd.
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Filing Summary
Nu Holdings Ltd. ($NU) Form 4 Filing Update Reporting Owner: David Vélez Osorno (Chairman and CEO, 10% Owner) Transaction Date: October 23, 2026 Transaction Type: Tax Withholding (Code F) Details: Disposed of 45,690 Class A ordinary shares at $13.29 per share ($607,220.10 total value) to satisfy tax liabilities. Current Beneficial Ownership: 19,691,424 direct Class A shares (including 16,297,049 unvested restricted shares) and 698,914 indirect Class A shares via Rua California Ltd.
Comprehensive Analysis
Executive Overview
Nu Holdings Ltd. Chairman and CEO David Vélez Osorno reported a disposition of 45,690 Class A ordinary shares on October 23, 2026, at a price of $13.29 per share, totaling $607,220.10.
Transaction Nature and Significance
- Transaction Code 'F': The shares were withheld or surrendered directly to the issuer to cover tax obligations associated with vesting equity awards.
- Trading Significance: Low. Transactions executed under code 'F' are routine administrative dispositions required to fulfill statutory tax withholdings rather than discretionary, market-driven sales.
Holdings Analysis
Following the transaction:
- Direct Ownership: 19,691,424 Class A ordinary shares, of which 16,297,049 represent unvested Restricted Class A Shares granted under the 2020 Omnibus Incentive Plan that vest through January 1, 2036.
- Indirect Ownership: 698,914 Class A ordinary shares held through Rua California Ltd.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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