SEC FORM 3

SEC FORM 3SEC Form 3

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^*

D'Ippolito Marco Nicola

(Last)

(First)

(Middle)

60 NEXUS WAY, 4TH FLOOR

(Street)

CAMANA BAY

KY1-9006

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Patria Investments Ltd [ PAX ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CEO of Global Private Markets

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	450,678	D⁽¹⁾

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Class B Common Shares	⁽²⁾	⁽²⁾	Class A Common Shares	158,910	⁽²⁾	I	See Footnote⁽³⁾
Performance Share Unit	⁽⁴⁾	⁽⁴⁾	Class A Common Shares	87,165	⁽⁴⁾	D
Performance Share Unit	⁽⁴⁾	⁽⁴⁾	Class A Common Shares	78,322	⁽⁴⁾	D
Performance Share Unit	⁽⁴⁾	⁽⁴⁾	Class A Common Shares	123,525	⁽⁴⁾	D

Explanation of Responses:

1. Consists of 22,412 unvested restricted share units, 101,830 unvested restricted share units pursuant to the Issuer's matching share program, and 326,436 Class A Common Shares owned by the Reporting Person.

2. Class B Common Shares are convertible under certain circumstances into an equivalent number of Class A Common Shares. Class B Common Shares are entitled to 10 votes per share.

3. Represents Class B Common Shares beneficially owned by Patria Holdings Limited which are directly held in trust by Teesdale, an entity owned and controlled by the Reporting Person.

4. The Performance Shares vest and are settled in Class A Common Shares in three equal annual installments beginning on the third anniversary of the grant date subject to (i) the achievement of specified Total Shareholder Return goals and (ii) continuous employment through the applicable vesting date.

	/s/ Marco Nicola D'lppolito	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 5 (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.
* Form 3: SEC 1473 (03-26)

SEC Form 3 filed by new insider D'Ippolito Marco Nicola