Tolda Stelleo sold MELI

Footnotes

As previously reported, the Reporting Person entered into a prepaid variable forward sale contract (the "Prior Contract") on June 5, 2023, with an unaffiliated third party buyer (the "Counterparty") relating to a maximum of 20,000 shares of common stock (the "Number of Shares") of MercadoLibre, Inc. (the "Company"). On August 22, 2025, the Reporting Person and the Counterparty amended the Prior Contract (the "Amended Contract"), which extended the maturity date of the Prior Contract from May 20, 2026 to August 20, 2027. The Amended Contract also adjusted the forward floor price and the forward cap price from $1,813.6572 and $2,265.0564, respectively, to $2,322.3910 and $2,693.9736, respectively. The number of shares to be delivered by the Reporting Person on the settlement date will depend upon the relationship between the volume-weighted average price of the common stock on the maturity date (the "settlement price"), and the forward floor price and the forward cap price, as follows:; (Continued from Footnote 2) (i) if the settlement price is less than or equal to the forward floor price, the Reporting Person will deliver the Number of Shares; (ii) if the settlement price is greater than the forward floor price but less than or equal to the forward cap price, the Reporting Person will deliver a number of shares equal to the Number of Shares multiplied by the forward floor price divided by the settlement price; and (iii) if the settlement price is greater than the forward cap price, the Reporting Person will deliver a number of shares equal to the Number of Shares multiplied by (x) the sum of the forward floor price and the settlement price minus the forward cap price, divided by (y) the settlement price (or, in each case, if the contract is settled in cash, the Reporting Person will deliver an amount of cash with a value equal to the number of shares to be delivered, calculated based on the settlement price of the shares).; (Continued from Footnote 3) At the time of entering into the Prior Contract, the Reporting Person received a cash payment of $33,479,211.08. In connection with the Amended Contract, the Reporting Person paid $879,826.30 to the Counterparty. The Reporting Person has pledged 20,000 shares of Common Stock to secure his obligations under the Amended Contract but retained dividend and voting rights in such pledged shares during the term of the Amended Contract.