Vale (VALE) director reports 25,000 ADS indirect stake

Rhea-AI Filing Summary

Vale S.A. director Duarte Castanheira Filho Reinaldo has filed an initial ownership report showing indirect holdings in the company. The Form 3 discloses 25,000 Vale common shares, held indirectly through Mine Hill Corp in the form of American Depositary Shares, with each ADS representing one common share.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Duarte Castanheira Filho Reinaldo

Role Director

Type	Security	Shares	Price	Value
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 25,000 shares (Indirect, By Mine Hill Corp)

Footnotes (1)

1. [object Object]

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

Duarte Castanheira Filho Reinaldo

(Last) (First) (Middle)

PRAIA DE BOTAFOGO 186

19TH FLOOR BOTAFOGO

(Street)

RIO DE JANEIRO RIO DE JANEIRO 2225145

(City) (State) (Zip)

BRAZIL

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Vale S.A. [ VALE ]

3a. Foreign Trading Symbol
[VALE3]

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares(1)	25,000	I	By Mine Hill Corp

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Common Shares reported herein are held in the form of American Depositary Shares, each of which represents the right to receive one Common Share of Vale S.A.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Thiago Kiill Lofiego, Attorney-in-fact	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does Vale (VALE) director Duarte Castanheira Filho Reinaldo report in this Form 3?

He reports indirect ownership of 25,000 Vale common shares, held through Mine Hill Corp. These are in the form of American Depositary Shares, each representing one Vale common share, and reflect his starting beneficial ownership as a director.

How many Vale (VALE) shares does the director indirectly hold?

The filing shows indirect holdings of 25,000 common shares of Vale. These shares are represented by American Depositary Shares, with each ADS corresponding to one common share of Vale, indicating his initial disclosed stake in the company.

Are the Vale (VALE) shares held directly by the director?

No, the shares are held indirectly through Mine Hill Corp. The Form 3 lists the ownership type as indirect, with the nature of ownership specified as “By Mine Hill Corp,” meaning the position is held via that entity rather than personally.

In what form are the Vale (VALE) shares held according to the filing?

The filing states the position is held as American Depositary Shares. Each ADS represents the right to receive one Vale common share, so the 25,000 reported ADS correspond directly to 25,000 underlying common shares of Vale S.A.

Does the Vale (VALE) Form 3 show any recent buy or sell transactions?

The Form 3 functions as an initial ownership report and does not show any explicit buy or sell transactions. It simply discloses that the director indirectly holds 25,000 Vale common shares through Mine Hill Corp in ADS form.

What type of security is reported in the Vale (VALE) director’s filing?

The security reported is Vale common shares, held in the form of American Depositary Shares. Each ADS confers the right to receive one common share of Vale S.A., making the economic exposure equivalent to the number of underlying common shares reported.