Suzano S.A. — Major Shareholding Notification 2023

Feb 10, 2023

SC 13G/A 1 suzano-sc13ga_12312022.htm AMENDMENT TO FORM SC 13G Field: Rule-Page

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.3)*

Suzano S.A.
(Name of Issuer)
Common Shares, without par value and American Depositary Shares (as evidenced by
American Depositary Receipts), each representing two shares of Common Stock
(Title of Class of Securities)
86959K105
(CUSIP Number)
December 31, 2022
(Date of Event Which Requires Filing of this Statement)

| Check the appropriate box to designate the rule pursuant to which this
Schedule is filed: ☐ Rule
13d-1(b) ☐ Rule
13d-1(c) ☒ Rule
13d-1(d) |
| --- |
| * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
| The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“ Act ”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). |

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CUSIP No. 86959K105 13G Page 2 of 22 Pages

1	NAMES OF REPORTING PERSONS Suzano Holding S.A.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP	(a) ☐ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Brazil
NUMBER OF	5	SOLE VOTING POWER - 0 -
SHARES BENEFICIALLY OWNED BY	6	SHARED VOTING POWER 579,295,215 Shares
EACH REPORTING	7	SOLE DISPOSITIVE POWER 367,612,324 Shares
PERSON WITH	8	SHARED DISPOSITIVE POWER - 0 -
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 579,295,215 Shares
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 42.6%*
12	TYPE OF REPORTING PERSON HC

• Based on 1,361,263,584 Shares outstanding as of February 9 th , 2023.

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CUSIP No. 86959K105 13G Page 3 of 22 Pages

1	NAMES OF REPORTING PERSONS David Feffer
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP	(a) ☐ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Brazil
NUMBER OF	5	SOLE VOTING POWER 7,020,404 Shares
SHARES BENEFICIALLY OWNED BY	6	SHARED VOTING POWER 579,295,215 Shares
EACH REPORTING	7	SOLE DISPOSITIVE POWER 7,020,404 Shares
PERSON WITH	8	SHARED DISPOSITIVE POWER 579,295,215 Shares
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 586,315,619 Shares
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 43.1%*
12	TYPE OF REPORTING PERSON IN

• Based on 1,361,263,584 Shares outstanding as of February 9 th , 2023 1 .

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1 NTD: Please confirm date.

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CUSIP No. 86959K105 13G Page 4 of 22 Pages

1	NAMES OF REPORTING PERSONS Daniel Feffer
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP	(a) ☐ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Brazil
NUMBER OF	5	SOLE VOTING POWER 1,653,735 Shares
SHARES BENEFICIALLY OWNED BY	6	SHARED VOTING POWER 579,295,215 Shares
EACH REPORTING	7	SOLE DISPOSITIVE POWER 1,653,735 Shares
PERSON WITH	8	SHARED DISPOSITIVE POWER 579,295,215 Shares
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 580,948,950 Shares
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_]
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 42.7%*
12	TYPE OF REPORTING PERSON IN

• Based on 1,361,263,584 Shares outstanding as of February 9 th , 2023.

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CUSIP No. 86959K105 13G Page 5 of 22 Pages

1	NAMES OF REPORTING PERSONS Jorge Feffer
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP	(a) ☐ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Brazil
NUMBER OF	5	SOLE VOTING POWER 264,000 Shares
SHARES BENEFICIALLY OWNED BY	6	SHARED VOTING POWER 579,295,215 Shares
EACH REPORTING	7	SOLE DISPOSITIVE POWER 264,000 Shares
PERSON WITH	8	SHARED DISPOSITIVE POWER 579,295,215 Shares
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 579,559,215 Shares
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 42.6%*
12	TYPE OF REPORTING PERSON IN

• Based on 1,361,263,584 Shares outstanding as of February 9 th , 2023.

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CUSIP No. 86959K105 13G Page 6 of 22 Pages

1	NAMES OF REPORTING PERSONS Ruben Feffer
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP	(a) ☐ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Brazil
NUMBER OF	5	SOLE VOTING POWER 433,218 Shares
SHARES BENEFICIALLY OWNED BY	6	SHARED VOTING POWER 579,295,215 Shares
EACH REPORTING	7	SOLE DISPOSITIVE POWER 433,218 Shares
PERSON WITH	8	SHARED DISPOSITIVE POWER 579,295,215 Shares
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 579,728,433 Shares
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 42.6%*
12	TYPE OF REPORTING PERSON IN

• Based on 1,361,263,584 Shares outstanding as of February 9 th , 2023.

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CUSIP No. 86959K105 13G Page 7 of 22 Pages

1	NAMES OF REPORTING PERSONS Alden Fundo de Investimento em Ações
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP	(a) ☐ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Brazil
NUMBER OF	5	SOLE VOTING POWER 165,203 Shares
SHARES BENEFICIALLY OWNED BY	6	SHARED VOTING POWER 579,295,215 Shares
EACH REPORTING	7	SOLE DISPOSITIVE POWER 26,154,744 Shares
PERSON WITH	8	SHARED DISPOSITIVE POWER - 0 -
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 579,460,418 Shares
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 42.6%*
12	TYPE OF REPORTING PERSON OO

• Based on 1,361,263,584 Shares outstanding as of February 9 th , 2023.

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Item 1(a).	Name of Issuer:
	Suzano S.A. (the “ Issuer ”)
Item 1(b).	Address of Issuer’s Principal Executive Offices: Av. Brigadeiro Faria Lima, 1355, 8th Floor São Paulo/SP, Brazil 01452-919
Item 2(a).	Name of Persons Filing:
	This Amendment No. 3 to Schedule 13G is being filed jointly by Suzano
Holding S.A., David Feffer, Daniel Feffer, Jorge Feffer, Ruben Feffer and Alden Fundo de Investimento em Ações, pursuant
to a Joint Filing Agreement, a copy of which is incorporate by reference herein, in accordance with Rule 13d-1(k)(1) under the Securities
Exchange Act of 1934.
Item 2(b).	Address of Principal Business Office: Suzano Holding S.A.: Av. Brigadeiro Faria Lima, 1355, 21st Floor São Paulo/SP, Brazil 01452-919 David Feffer, Daniel Feffer, Jorge Feffer and Ruben Feffer: Av. Brigadeiro Faria Lima, 1355, 21st Floor São Paulo/SP, Brazil 01452-919 Alden Fundo de Investimento em Ações: Av. Brigadeiro Faria Lima, 1355, 21st Floor São Paulo/SP, Brazil 01452-919
Item 2(c).	Citizenship: Suzano Holding S.A. is a corporation ( sociedade por ações )
organized under the laws of Brazil. David Feffer, Daniel Feffer, Jorge Feffer and Ruben Feffer: Brazilian. Alden Fundo de Investimento em Ações is a stock
fund ( fundo de investimento ) organized under the laws of Brazil.
Item 2(d).	Title of Class of Securities: Common shares, no par value (the “ Shares ”) American Depositary Shares (as evidenced by American Depositary Receipts),
each representing two shares of Common Stock.
Item 2(e).	CUSIP Number: 86959K105

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| Item 3. | If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a(n): Not applicable. | |
| --- | --- | --- |
| Item 4. | Ownership. | |
| (a) | Amount Beneficially Owned: See the cover pages for each of the reporting persons. David Feffer, Daniel Feffer, Jorge Feffer, Ruben Feffer, Suzano
Holding S.A. and Alden Fundo de Investimento em Ações are parties to a voting agreement dated September 28, 2017, as amended,
relating to their stakes in the Issuer indicated in such agreement. As a result, David Feffer, Daniel Feffer, Jorge Feffer, Ruben Feffer,
Suzano Holding S.A. and Alden Fundo de Investimento em Ações are deemed to have shared voting power with respect to 42.6%
of the Shares. | |
| (b) | Percent of Class: See the cover pages for each of the reporting persons . | |
| (c) | Number of shares as to which such person has: | |
| | (i) | Sole power to vote or to direct the vote: |
| | (ii) | Shared power to vote or to direct the vote: |
| | (iii) | Sole power to dispose or to direct the disposition of: |
| | (iv) | Shared power to dispose or direct the disposition of: |
| | See the cover pages for each of the reporting persons . | |
| Item 5. | Ownership of Five Percent or Less of a Class. Not applicable | |
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person. Not applicable. | |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company. Not applicable. | |

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Item 8.	Identification and Classification of Members of the Group. Not applicable.
Item 9.	Notice of Dissolution of Group. Not applicable.
Item 10.	Certifications. Not applicable.

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 10 th , 2023
SUZANO HOLDING S.A .
By:	/s/ Maria Cecilia Castro Neves Ipiña
Name:	Maria Cecilia Castro Neves Ipiña
Title:	Attorney-in-Fact

DAVID FEFFER
By:	/s/ Maria Cecilia Castro Neves Ipiña
Name:	Maria Cecilia Castro Neves Ipiña
Title:	Attorney-in-Fact

DANIEL FEFFER
By:	/s/ Maria Cecilia Castro Neves Ipiña
Name:	Maria Cecilia Castro Neves Ipiña
Title:	Attorney-in-Fact

JORGE FEFFER
By:	/s/ Maria Cecilia Castro Neves Ipiña
Name:	Maria Cecilia Castro Neves Ipiña
Title:	Attorney-in-Fact

RUBEN FEFFER
By:	/s/ Maria Cecilia Castro Neves Ipiña
Name:	Maria Cecilia Castro Neves Ipiña
Title:	Attorney-in-Fact

ALDEN FUNDO DE INVESTIMENTO EM AÇÕES .
By:	/s/ Felipe Costa Carvalho de Figueiredo Rodrigues
Name:	Felipe Costa Carvalho de Figueiredo Rodrigues
Title:	Officer
By:	/s/ Isabel Cotta Fernandino de França Leme
Name:	Isabel Cotta Fernandino de França Leme
Title:	Officer

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EXHIBIT INDEX

Exhibit	Exhibit Description
Exhibit A	Joint Filing Agreement, dated February 14, 2019 by and among Suzano Holding S.A., David Feffer, Daniel Feffer, Jorge Feffer, Ruben Feffer and Alden Fundo de Investimento em Ações (incorporated herein by reference to Exhibit A to Schedule 13G (File No. 005-90910), filed with the SEC on February 14, 2019).
Exhibit B	Power of Attorney (English translation), dated June 16, 2022, by Suzano Holding S.A.
Exhibit C	Power of Attorney (English translation), dated June 16, 2022, by David Feffer.
Exhibit D	Power of Attorney (English translation), dated June 16, 2022, by Daniel Feffer.
Exhibit E	Power of Attorney (English translation), dated June 16, 2022, by Jorge Feffer.
Exhibit F	Power of Attorney (English translation), dated June 16, 2022, by Ruben Feffer.

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