Trade Summary

Yesterday, Hernandez Artigas Carlos, serving as Dir at Arcos Dorados Holdings Inc. (ARCO), sold 20,000 shares at $9.01 per share, for a total transaction value of $180,200.00. Following this transaction, Hernandez Artigas Carlos now holds 29,774 shares of ARCO.

This sale represents a 40.18% decrease in Hernandez Artigas Carlos's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Thursday, May 28, 2026 and publicly disclosed via SEC Form 4 filing on Thursday, May 28, 2026 at 4:31 PM ET, meaning the disclosure happened on the same day as the trade.