DLOCAL LTD

Ticker: DLO CUSIP: G29018101 Class: Common Stock

Azora Capital LP's Holding History (CIK: 0001700272)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 1,547,965 Value ($000) $21,888 Avg Close $14.11 Range $12.16 - $16.78

Q1 2025

Shares 2,015,004 Value ($000) $16,805 Avg Close $10.74 Range $7.77 - $13.60

Q4 2024

Shares 3,298,717 Value ($000) $37,144 Avg Close $9.60 Range $7.48 - $13.03

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,547,965	$21,888	$14.11	$12.16 - $16.78
Q1 2025	2,015,004	$16,805	$10.74	$7.77 - $13.60
Q4 2024	3,298,717	$37,144	$9.60	$7.48 - $13.03