David Vélez Osorno and his company Rua California Ltd. have filed an amended Schedule 13G/A with the U.S. Securities and Exchange Commission, disclosing a significant stake in Nu Holdings Ltd. The filing, dated December 31, 2023, and signed on February 9, 2024, indicates that Osorno, through direct and indirect holdings, beneficially owns 962,309,863 shares, representing a 20.7% stake in the company. This ownership includes both Class A and Class B ordinary shares, with Class B shares carrying a higher voting power. The filing also notes that each Class B share is convertible into one Class A share at any time. The report does not reflect the 20-for-1 voting power of Class B shares, treating them as converted into Class A shares for reporting purposes. Osorno's wife, Mariel Lorena Reyes Milk, holds 1,500,000 Class B shares, while Rua California Ltd., a company controlled by Osorno, holds the majority of the shares. The filing supersedes previous statements and includes a joint filing agreement between Osorno and Rua California Ltd.

David Vélez Osorno and his company Rua California Ltd. have filed an amended Schedule 13G/A with the U.S. Securities and Exchange Commission, disclosing a significant stake in Nu Holdings Ltd. The filing, dated December 31, 2023, and signed on February 9, 2024, indicates that Osorno, through direct and indirect holdings, beneficially owns 962,309,863 shares, representing a 20.7% stake in the company. This ownership includes both Class A and Class B ordinary shares, with Class B shares carrying a higher voting power. The filing also notes that each Class B share is convertible into one Class A share at any time. The report does not reflect the 20-for-1 voting power of Class B shares, treating them as converted into Class A shares for reporting purposes. Osorno's wife, Mariel Lorena Reyes Milk, holds 1,500,000 Class B shares, while Rua California Ltd., a company controlled by Osorno, holds the majority of the shares. The filing supersedes previous statements and includes a joint filing agreement between Osorno and Rua California Ltd.