Ultrapar Holdings Inc. has disclosed a notable change in its shareholding structure through a recent filing. The company revealed that Pátria Private Equity VI FIP Multiestratégia sold 7,599,879 shares, which equates to 0.7% of Ultrapar's total share capital. This transaction has resulted in a decrease in the number of shares subject to voting arrangements under the existing Shareholders' Agreement.

The sale, reported in a filing dated October 26, 2026, is significant as it brings the number of shares under the voting rights arrangements down to 386,810,866, representing 34.7% of Ultrapar's share capital. This figure falls below the 35% threshold outlined in Article 12 of CVM Resolution 44.

Despite this reduction, the company has emphasized that the sale was not intended to alter its control or management structure. The transaction did not result in any amendments to the Shareholders' Agreement, which remains intact with respect to its parties and the shares it governs.

Ultrapar's principal shareholders, Ultra S.A. and Parth do Brasil Ltda., reiterated their commitment to safeguarding the interests of all shareholders. They aim to ensure that Ultrapar continues to be managed professionally and independently.

Background

Ultrapar Holdings Inc. operates within the natural gas distribution sector, classified under SIC code 4924. The company is listed on the New York Stock Exchange under the ticker symbol UGP. As a large accelerated filer, Ultrapar is subject to stringent regulatory requirements, including regular disclosures to the SEC.

What the Filing Says

The filing states, "The sale was not intended to change Ultrapar's control structure or management structure." Furthermore, it clarifies that the Shareholders' Agreement remains in full force and effect.

Impact

This change may affect the voting dynamics within Ultrapar, as the reduction in shares subject to the Shareholders' Agreement could influence future decisions made by shareholders. However, the management structure is expected to remain stable.

What's Next

The filing does not say what happens next.