[6-K] TIM S.A. American Current Report (Foreign Issuer)
Form 4 filing for Dine Brands Global, Inc. (DIN) reports a routine equity transaction by director Howard M. Berk on 07/09/2025. The filing shows the acquisition of 95.215 restricted stock units (RSUs) in the form of dividend-equivalent rights, each economically equivalent to one share of common stock. These rights accrued automatically when dividends were paid on the underlying RSU award; therefore, the transaction price is listed as $0.00. After the accrual, Berk’s direct beneficial ownership increases to 4,827.96 RSUs. No shares were sold, and there were no cash transactions or option exercises disclosed. The filing contains no information on open-market purchases, dispositions, or changes in derivative terms, indicating a standard administrative update triggered by the dividend payment schedule.
La comunicazione del Modulo 4 per Dine Brands Global, Inc. (DIN) segnala un'operazione azionaria ordinaria effettuata dal direttore Howard M. Berk il 09/07/2025. La comunicazione riporta l'acquisizione di 95,215 unità azionarie vincolate (RSU) sotto forma di diritti equivalenti ai dividendi, ciascuno equivalente economicamente a una azione ordinaria. Questi diritti si sono accumulati automaticamente al momento del pagamento dei dividendi sull'assegnazione RSU sottostante; pertanto, il prezzo della transazione è indicato come $0,00. Dopo l'accumulo, la proprietà diretta beneficiaria di Berk aumenta a 4.827,96 RSU. Non sono state vendute azioni né sono state effettuate transazioni in contanti o esercizi di opzioni dichiarati. La comunicazione non contiene informazioni su acquisti sul mercato aperto, cessioni o modifiche ai termini dei derivati, indicando un aggiornamento amministrativo standard innescato dal calendario di pagamento dei dividendi.
La presentación del Formulario 4 para Dine Brands Global, Inc. (DIN) informa sobre una transacción de acciones rutinaria realizada por el director Howard M. Berk el 09/07/2025. La presentación muestra la adquisición de 95.215 unidades restringidas de acciones (RSU) en forma de derechos equivalentes a dividendos, cada una económicamente equivalente a una acción común. Estos derechos se acumularon automáticamente cuando se pagaron dividendos sobre la concesión subyacente de RSU; por lo tanto, el precio de la transacción se registra como $0.00. Tras la acumulación, la propiedad directa beneficiaria de Berk aumenta a 4,827.96 RSU. No se vendieron acciones ni se revelaron transacciones en efectivo o ejercicios de opciones. La presentación no contiene información sobre compras en el mercado abierto, disposiciones o cambios en los términos de derivados, lo que indica una actualización administrativa estándar provocada por el calendario de pago de dividendos.
Dine Brands Global, Inc. (DIN)의 Form 4 제출은 2025년 7월 9일 이사 Howard M. Berk의 일상적인 주식 거래를 보고합니다. 제출서류에는 배당금과 동등한 권리 형태로 95.215개의 제한 주식 단위(RSU) 취득이 명시되어 있으며, 각 권리는 보통주 1주와 경제적으로 동일합니다. 이러한 권리는 기본 RSU 수여에 대한 배당금이 지급될 때 자동으로 누적되었으므로 거래 가격은 $0.00으로 기재되어 있습니다. 누적 후 Berk의 직접 실질 소유는 4,827.96 RSU로 증가했습니다. 주식 매도나 현금 거래, 옵션 행사 내역은 없으며, 제출서류에는 공개 시장 매수, 처분 또는 파생상품 조건 변경에 대한 정보가 포함되어 있지 않아 배당금 지급 일정에 따른 표준 행정 업데이트임을 나타냅니다.
Le dépôt du formulaire 4 pour Dine Brands Global, Inc. (DIN) rapporte une transaction d'actions courante réalisée par le directeur Howard M. Berk le 09/07/2025. Le dépôt montre l'acquisition de 95,215 unités d'actions restreintes (RSU) sous forme de droits équivalents aux dividendes, chaque droit étant économiquement équivalent à une action ordinaire. Ces droits se sont accumulés automatiquement lors du paiement des dividendes sur l'attribution RSU sous-jacente ; par conséquent, le prix de la transaction est indiqué comme 0,00 $. Après cette accumulation, la propriété bénéficiaire directe de Berk augmente à 4 827,96 RSU. Aucune action n'a été vendue, et aucune transaction en espèces ou exercice d'options n'a été divulgué. Le dépôt ne contient aucune information sur des achats sur le marché ouvert, des cessions ou des modifications des termes des dérivés, indiquant une mise à jour administrative standard déclenchée par le calendrier de paiement des dividendes.
Die Form 4-Einreichung für Dine Brands Global, Inc. (DIN) berichtet über eine routinemäßige Aktien-Transaktion des Direktors Howard M. Berk am 09.07.2025. Die Einreichung zeigt den Erwerb von 95,215 Restricted Stock Units (RSUs) in Form von Dividendenäquivalenten Rechten, wobei jede wirtschaftlich einer Stammaktie entspricht. Diese Rechte wurden automatisch angesammelt, als Dividenden auf die zugrunde liegende RSU-Zuteilung gezahlt wurden; daher ist der Transaktionspreis mit $0,00 angegeben. Nach der Ansammlung erhöht sich Berks direkte wirtschaftliche Beteiligung auf 4.827,96 RSUs. Es wurden keine Aktien verkauft, und es gab keine Bargeldtransaktionen oder Optionsausübungen. Die Einreichung enthält keine Informationen über Käufe am offenen Markt, Veräußerungen oder Änderungen der Derivatbedingungen, was auf ein standardmäßiges administratives Update hinweist, das durch den Dividendenzahlungsplan ausgelöst wurde.
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Insights
TL;DR: Routine dividend-equivalent accrual; immaterial impact.
This Form 4 discloses that director Howard M. Berk automatically received 95.215 dividend-equivalent RSUs, lifting his total RSU position to 4,827.96. Because the units vest and settle on the same schedule as the underlying award and required no cash outlay, the event does not alter the company’s share count, insider ownership strategy, or signaling dynamics in a meaningful way. No sales occurred, so it neither introduces selling pressure nor conveys negative sentiment. From a capital-markets perspective, the update is administrative and carries negligible valuation implications.
La comunicazione del Modulo 4 per Dine Brands Global, Inc. (DIN) segnala un'operazione azionaria ordinaria effettuata dal direttore Howard M. Berk il 09/07/2025. La comunicazione riporta l'acquisizione di 95,215 unità azionarie vincolate (RSU) sotto forma di diritti equivalenti ai dividendi, ciascuno equivalente economicamente a una azione ordinaria. Questi diritti si sono accumulati automaticamente al momento del pagamento dei dividendi sull'assegnazione RSU sottostante; pertanto, il prezzo della transazione è indicato come $0,00. Dopo l'accumulo, la proprietà diretta beneficiaria di Berk aumenta a 4.827,96 RSU. Non sono state vendute azioni né sono state effettuate transazioni in contanti o esercizi di opzioni dichiarati. La comunicazione non contiene informazioni su acquisti sul mercato aperto, cessioni o modifiche ai termini dei derivati, indicando un aggiornamento amministrativo standard innescato dal calendario di pagamento dei dividendi.
La presentación del Formulario 4 para Dine Brands Global, Inc. (DIN) informa sobre una transacción de acciones rutinaria realizada por el director Howard M. Berk el 09/07/2025. La presentación muestra la adquisición de 95.215 unidades restringidas de acciones (RSU) en forma de derechos equivalentes a dividendos, cada una económicamente equivalente a una acción común. Estos derechos se acumularon automáticamente cuando se pagaron dividendos sobre la concesión subyacente de RSU; por lo tanto, el precio de la transacción se registra como $0.00. Tras la acumulación, la propiedad directa beneficiaria de Berk aumenta a 4,827.96 RSU. No se vendieron acciones ni se revelaron transacciones en efectivo o ejercicios de opciones. La presentación no contiene información sobre compras en el mercado abierto, disposiciones o cambios en los términos de derivados, lo que indica una actualización administrativa estándar provocada por el calendario de pago de dividendos.
Dine Brands Global, Inc. (DIN)의 Form 4 제출은 2025년 7월 9일 이사 Howard M. Berk의 일상적인 주식 거래를 보고합니다. 제출서류에는 배당금과 동등한 권리 형태로 95.215개의 제한 주식 단위(RSU) 취득이 명시되어 있으며, 각 권리는 보통주 1주와 경제적으로 동일합니다. 이러한 권리는 기본 RSU 수여에 대한 배당금이 지급될 때 자동으로 누적되었으므로 거래 가격은 $0.00으로 기재되어 있습니다. 누적 후 Berk의 직접 실질 소유는 4,827.96 RSU로 증가했습니다. 주식 매도나 현금 거래, 옵션 행사 내역은 없으며, 제출서류에는 공개 시장 매수, 처분 또는 파생상품 조건 변경에 대한 정보가 포함되어 있지 않아 배당금 지급 일정에 따른 표준 행정 업데이트임을 나타냅니다.
Le dépôt du formulaire 4 pour Dine Brands Global, Inc. (DIN) rapporte une transaction d'actions courante réalisée par le directeur Howard M. Berk le 09/07/2025. Le dépôt montre l'acquisition de 95,215 unités d'actions restreintes (RSU) sous forme de droits équivalents aux dividendes, chaque droit étant économiquement équivalent à une action ordinaire. Ces droits se sont accumulés automatiquement lors du paiement des dividendes sur l'attribution RSU sous-jacente ; par conséquent, le prix de la transaction est indiqué comme 0,00 $. Après cette accumulation, la propriété bénéficiaire directe de Berk augmente à 4 827,96 RSU. Aucune action n'a été vendue, et aucune transaction en espèces ou exercice d'options n'a été divulgué. Le dépôt ne contient aucune information sur des achats sur le marché ouvert, des cessions ou des modifications des termes des dérivés, indiquant une mise à jour administrative standard déclenchée par le calendrier de paiement des dividendes.
Die Form 4-Einreichung für Dine Brands Global, Inc. (DIN) berichtet über eine routinemäßige Aktien-Transaktion des Direktors Howard M. Berk am 09.07.2025. Die Einreichung zeigt den Erwerb von 95,215 Restricted Stock Units (RSUs) in Form von Dividendenäquivalenten Rechten, wobei jede wirtschaftlich einer Stammaktie entspricht. Diese Rechte wurden automatisch angesammelt, als Dividenden auf die zugrunde liegende RSU-Zuteilung gezahlt wurden; daher ist der Transaktionspreis mit $0,00 angegeben. Nach der Ansammlung erhöht sich Berks direkte wirtschaftliche Beteiligung auf 4.827,96 RSUs. Es wurden keine Aktien verkauft, und es gab keine Bargeldtransaktionen oder Optionsausübungen. Die Einreichung enthält keine Informationen über Käufe am offenen Markt, Veräußerungen oder Änderungen der Derivatbedingungen, was auf ein standardmäßiges administratives Update hinweist, das durch den Dividendenzahlungsplan ausgelöst wurde.
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: July 10, 2025
Commission File Number: 001-39570
TIM S.A.
(Exact name of Registrant as specified in its Charter)
João
Cabral de Melo Neto Avenue, 850 – North Tower – 12th floor
22775-057 Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1).
Yes ☐ No ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7).
Yes ☐ No ☒
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TIM S.A.
Publicly-held company
CNPJ/MF No. 02.421.421/0001-11
NIRE 33.300.324.631
NOTICE TO THE MARKET
TOTAL OPTIONAL EARLY REDEMPTION OF THE
1ST ISSUANCE OF DEBENTURES BY THE CONTROLLING COMPANY
TIM S.A. ("Company") (B3: TIMS3; NYSE: TIMB) hereby informs its shareholders and the market in general that its controlling company TIM BRASIL SERVIÇOS E PARTICIPAÇÕES S.A. ("Controlling Company ") will make the optional early redemption of all outstanding Debentures of the 1st Issue (as defined below) of the Controlling Company ("Total Optional Early Redemption" and "Debentures", respectively), pursuant to the "Private Instrument of Deed for the First Issuance of Simple Debentures, Non-Convertible into Shares, Secured by Real Collateral, in a Single Series, for Public Distribution under the Automatic Registration Procedure, issued by TIM Brasil Serviços e Participações S.A.", entered into between the Controlling Company and Pentágono S.A. Distribuidora de Títulos e Valores Mobiliários on July 12, 2023, as amended on July 25, 2023 ("Deed of 1st Issue" and "1st Issue", respectively), subject to Condition Precedent (as defined below).
The Total Optional Early Redemption of the Debentures is subject to the settlement of the 2nd (second) issue of simple, non-convertible debentures, of the unsecured type, in up to two (2) series ("Condition Precedent"), carried out under the terms of the "Private Instrument of Deed for the Second Issuance of Simple Debentures, Non-Convertible into Shares, Unsecured (Quirografárias), in up to Two (2) Series, for Public Distribution under the Automatic Registration Procedure, issued by TIM Brasil Serviços e Participações S.A." celebrated on June 23, 2025. In the event of non-compliance with the Condition Precedent, the Total Optional Early Redemption of the Debentures will not be effective and will not produce effects with respect to the Controlling Company or the Debenture Holders.
The Total Optional Early Redemption of the Debentures will be carried out by the Controlling Company on July 25, 2025, pursuant to the Deed of 1st Issue, for all the Debentures, upon payment of the Unit Face Value of the Debentures or balance of the Unit Face Value of the Debentures, as the case may be, plus Remuneration of the Debentures (as defined in the Deed of Issue), calculated exponentially and cumulatively pro rata temporis per elapsed Business Days, incident on the Unit Face Value of the Debentures (or on the balance of the Unit Face Value of the Debentures), from the First Payment Date of the Debentures or Payment Date of the Remuneration of the Debentures (as defined in the Deed of the 1st Issue) immediately prior (inclusive) until the date of the Total Optional Early Redemption of the Debentures, plus a redemption premium calculated as provided for in the Deed of the 1st Issue.
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The communication of the creation of the event of Total Optional Early Redemption of the Debentures has already been sent to B3 S.A. – Brasil, Bolsa, Balcão, and the deadline of three (3) business days in advance of the date of effective redemption was respected, pursuant to the Deed of the 1st Issue.
The redeemed Debentures will be canceled by the Controlling Company.
This notice to the market is for information purposes only, under the terms of the legislation in force, and should not be interpreted or considered, for all legal purposes and effects, as a material for the sale and/or disclosure of the Debentures.
In accordance with the applicable regulations and in compliance with the rules of conduct set forth therein, additional information about the Controlling Company and its Issuances will be made available in due course on the Controlling Company's Investor Relations website (http://timbrasilpart.com.br/) and any information about the Company is made available in http://ri.tim.com.br/.
Rio de Janeiro, July 10, 2025.
TIM S.A.
Alberto Mario Griselli
Chief Executive Officer and
Investor Relations Officer
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| | | TIM S.A. | |
| Date: July 10, 2025 | | By: | /s/ Alberto Mario Griselli |
| | | | Alberto Mario Griselli |
| | | | Chief Executive Officer, Chief Financial Officer and Investor Relations Officer |
FAQ
What did Dine Brands Global (DIN) disclose in the latest Form 4?
How many shares or units does the director now beneficially own?
Was any cash paid for the acquired RSUs?
Did the filing report any insider sales of DIN shares?
Do dividend-equivalent rights affect the DIN share count?
