SEC 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* Neto Olimpio Matarazzo (Last) (First) (Middle) 60 NEXUS WAY, 4TH FLOOR (Street) CAMANA BAY E9 KY1-9006 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 03/18/2026	3. Issuer Name and Ticker or Trading Symbol Patria Investments Ltd [ PAX ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) 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	425,724	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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Shares	(2)	(2)	Class A Common Shares	1,586,221	(2)	I	See Footnote(3)
Performance Share Unit	(4)	(4)	Class A Common Shares	118,707	(4)	D
Performance Share Unit	(4)	(4)	Class A Common Shares	244,756	(4)	D
Performance Share Unit	(4)	(4)	Class A Common Shares	295,110	(4)	D
Performance Share Unit	(4)	(4)	Class A Common Shares	47,767	(4)	D
Performance Share Unit	(4)	(4)	Class A Common Shares	325,150	(4)	D

Explanation of Responses:

1. Consists of 71,340 unvested restricted share units, 69,675 unvested restricted share units pursuant to the Issuer's matching share program, and 284,709 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 by Olympic Bahamas Limited, 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/ Olimpio Matarazzo Neto	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).
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