Sec Form 3 Filing - D'Ippolito Marco Nicola @ Patria Investments Ltd - 2026-03-18

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 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 2. Issuer Name and Ticker or Trading Symbol Patria Investments Ltd [ PAX] 5. 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 (Last) (First) (Middle) 60 NEXUS WAY, 4TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 03/18/2026 (Street) CAMANA BAYKY1-9006 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Shares 450,678 D ( 1 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Class B Common Shares ( 2 ) ( 2 ) ( 2 ) Class A Common Shares 158,910 I See Footnote ( 3 ) Performance Share Unit ( 4 ) ( 4 ) ( 4 ) Class A Common Shares 87,165 D Performance Share Unit ( 4 ) ( 4 ) ( 4 ) Class A Common Shares 78,322 D Performance Share Unit ( 4 ) ( 4 ) ( 4 ) Class A Common Shares 123,525 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other D'Ippolito Marco Nicola 60 NEXUS WAY, 4TH FLOOR CAMANA BAYKY1-9006 CEO of Global Private Markets Signatures /s/ Marco Nicola D'lppolito 03/18/2026 Signature of Reporting Person Date

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.

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).

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