TIM S.A. (NYSE: TIMB) IR officer exits direct stake after 22,368-share sale

Rhea-AI Filing Summary

TIM S.A. Investor Relations Officer Ferreira Vicente De Moraes reported two open-market sales of common shares. He sold 22,300 shares at $5.17 per share on March 24, 2026 and 68 shares at $5.14 per share on March 26, 2026, totaling 22,368 shares. Following these transactions, his reported direct holdings of TIM S.A. common shares fell to zero.

Insights

Equity market & insider-trading analyst

Officer completes modest open-market sale, exiting direct TIM S.A. position.

Investor Relations Officer Ferreira Vicente De Moraes executed two open-market sales of TIM S.A. common shares totaling 22,368 shares at prices around $5.15 per share. The filing shows his direct common share holdings declined to zero after these trades.

These are straightforward open-market sales, not option exercises or tax-driven transactions, and there are no derivative positions reported in this filing. The economic significance for the company appears limited, as the transactions involve common shares only and no new securities issuance.

For context, the transactions are classified as sales under code “S” and described as open-market or private transactions. The filing does not indicate use of a pre-arranged trading plan, so the timing reflects discretionary selling decisions based on the data provided.

Insider Trade Summary

Net Seller: 22,368 shares ($115,641)

Net Sell 2 txns

Insider Ferreira Vicente De Moraes

Role Investor Relations Officer

Sold 22,368 shs ($116K)

Type	Security	Shares	Price	Value
Sale	Common Shares	68	$5.14	$349.52
Sale	Common Shares	22,300	$5.17	$115K

Holdings After Transaction: Common Shares — 0 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ferreira Vicente De Moraes

(Last) (First) (Middle)

JOAO CABRAL DE MELO NETO AVENUE

SOUTH TOWER - 12TH FLOOR

(Street)

RIO DE JANEIRO BRAZIL 22775-057

(City) (State) (Zip)

BRAZIL

(Country)

2. Issuer Name and Ticker or Trading Symbol
TIM S.A. [ TIMB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Investor Relations Officer

2a. Foreign Trading Symbol
[TIMS3]

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	03/24/2026		S		22,300	D	$5.17	68	D
Common Shares	03/26/2026		S		68	D	$5.14	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

All prices were converted from Brazilian Real (BRL) to U.S. Dollars (USD) based on the closing foreign exchange rate for the applicable transaction date as follows: USD 1.00 = BRL 5.23 on March 24, 2026, and USD 1.00 = BRL 5.26 on March 26, 2026.

	/s/ Pedro Yagelovic Bravin Arantes, attorney-in-fact	03/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did TIMB officer Ferreira Vicente De Moraes report?

He reported two open-market sales of TIM S.A. common shares totaling 22,368 shares. One sale covered 22,300 shares at $5.17 per share, and another covered 68 shares at $5.14, both in late March 2026.

On what dates did TIMB’s Investor Relations Officer sell TIM S.A. shares?

He sold shares on March 24, 2026 and March 26, 2026. The earlier transaction involved 22,300 common shares, followed by a smaller 68-share sale two days later, both reported as open-market or private transactions.

How many TIM S.A. common shares did the TIMB officer sell in total?

The filing shows total sales of 22,368 TIM S.A. common shares. This consists of 22,300 shares at $5.17 per share and 68 shares at $5.14 per share, all classified as open-market sales under transaction code “S”.

What were the reported sale prices for the TIMB insider’s TIM S.A. share sales?

The reported prices were $5.17 per share for 22,300 common shares and $5.14 per share for 68 shares. These prices reflect the per-share amounts disclosed for the two separate open-market sale transactions in March 2026.

What are Ferreira Vicente De Moraes’s TIM S.A. holdings after these insider sales?

After the reported transactions, his direct holdings of TIM S.A. common shares are shown as zero. The Form 4 indicates 68 shares following the first sale, then a final transaction that reduced the reported direct common share balance to none.

Were any derivative securities involved in the recent TIMB insider transactions?

No derivative securities were reported in these transactions. The Form 4 lists only non-derivative TIM S.A. common share sales, and the derivative summary section is empty, indicating no options, warrants, or similar instruments in this specific filing.