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Form 3 dLocal Ltd For: Mar 18 Filed by: Vieira Santos e Santos Gabriela

March 18, 2026 9:20 AM
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Vieira Santos e Santos Gabriela
(Last) (First) (Middle)
C/O DLOCAL LIMITED
DR. LUIS BONAVITA 1294
(Street)
MONTEVIDEO 11300
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026 		3. Issuer Name and Ticker or Trading Symbol
dLocal Ltd [ DLO ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Technology Officer
 5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Shares 133,947 (1)
D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) 01/27/2024 01/27/2033 Class A Common Shares 320,000 (2) 8.92 D
Stock Option (Right to Buy) 05/26/2023 05/26/2032 Class A Common Shares 12,000 (3) 8.92 D
Stock Option (Right to Buy) 06/30/2022 06/30/2031 Class A Common Shares 10,000 (4) 7.44 D
Explanation of Responses:
1. Includes 64,556 Class A Common Shares subject to outstanding restricted stock units which will vest based on the Reporting Person's continued service through the applicable vesting date.
2. Represents stock options to purchase Class A Common Shares. The vesting commencement date is January 27, 2023 and the options vest in five installments on each anniversary of the vesting commencement date, subject to the Reporting Person's continued service through the applicable vesting date. As of the date of this report, 80,000 of the options have vested, and 80,000 of the remaining options will vest on each of January 27, 2027 and January 27, 2028.
3. Represents stock options to purchase Class A Common Shares. The vesting commencement date is May 26, 2022 and the options vest in five equal installments on each anniversary of the vesting commencement date, subject to the Reporting Person's continued service through the applicable vesting date. As of the date of this report, 12,000 of the options have vested, and 4,000 of the remaining options will vest on each of May 26, 2026 and May 26, 2027.
4. Represents stock options to purchase Class A Common Shares. The vesting commencement date is June 30, 2021 and the options vest in five equal installments on each anniversary of the vesting commencement date, subject to the Reporting Person's continued service through the applicable vesting date. As of the date of this report, 16,000 of the options have vested and the remaining 4,000 options will vest on June 30, 2026.
Remarks:
Exhibit List - Exhibit 24.1 - Power of Attorney
/s/ Agustin Cancela, attorney-in-fact for Gabriela Vieira 03/18/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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