RSU grant lifts Vale (VALE) EVP Rafael’s holdings to 126,250 shares

Rhea-AI Filing Summary

Jabur Bittar Rafael reported acquisition or exercise transactions in this Form 4 filing.

Vale S.A.’s Executive VP Technical, Jabur Bittar Rafael, received a grant of 15,155 restricted share units (RSUs) on April 1, 2026. The RSUs were awarded at no cash price and each RSU represents a contingent right to receive one Vale common share upon settlement.

After this grant, Rafael holds 126,250 common shares, including RSUs granted in 2024, 2025, and 2026. According to the vesting schedule, 13,993 RSUs vest on March 1, 2027, 20,780 RSUs vest on March 1, 2028, and 15,155 RSUs vest on April 1, 2029.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jabur Bittar Rafael

Role Executive VP Technical

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	15,155	$0.00	--

Holdings After Transaction: Common Shares — 126,250 shares (Direct)

Footnotes (1)

1. On April 1, 2026, the Reporting Person was granted restricted share units ("RSUs"). Each RSU represents a contingent right to receive one Common Share of Vale S.A. upon settlement. Includes 15,155 Common Shares that are represented by RSUs granted on April 1, 2026, and RSUs previously granted, in 2024 and 2025. 13,993 RSUs vest on March 1, 2027, 20,780 RSUs vest on March 1, 2028 and 15,155 vest on April 1, 2029. Each RSU represents a contingent right to receive one Common Share of Vale S.A. upon settlement.

Key Figures

RSUs granted: 15,155 RSUs Grant price per share: $0.00 per share Total shares after grant: 126,250 shares +3 more

6 metrics

RSUs granted 15,155 RSUs Restricted share units granted on April 1, 2026

Grant price per share $0.00 per share RSU award price on April 1, 2026

Total shares after grant 126,250 shares Common shares held following the transaction

RSUs vesting 2027 13,993 RSUs Vest on March 1, 2027

RSUs vesting 2028 20,780 RSUs Vest on March 1, 2028

RSUs vesting 2029 15,155 RSUs Vest on April 1, 2029

Key Terms

restricted share units ("RSUs"), contingent right, vest, settlement

4 terms

restricted share units ("RSUs") financial

"On April 1, 2026, the Reporting Person was granted restricted share units ("RSUs")."

contingent right financial

"Each RSU represents a contingent right to receive one Common Share of Vale S.A. upon settlement."

vest financial

"13,993 RSUs vest on March 1, 2027, 20,780 RSUs vest on March 1, 2028 and 15,155 vest on April 1, 2029."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

settlement financial

"Each RSU represents a contingent right to receive one Common Share of Vale S.A. upon settlement."

Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.

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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^*

Jabur Bittar Rafael

(Last) (First) (Middle)

PRAIA DE BOTAFOGO 186

19TH FLOOR BOTAFOGO

(Street)

RIO DE JANEIRO RIO DE JANEIRO 22250145

(City) (State) (Zip)

BRAZIL

(Country)

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

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

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

2a. Foreign Trading Symbol
[VALE3]

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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	04/01/2026		A		15,155(1)	A	$0	126,250(2)	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:

1. On April 1, 2026, the Reporting Person was granted restricted share units ("RSUs"). Each RSU represents a contingent right to receive one Common Share of Vale S.A. upon settlement.

2. Includes 15,155 Common Shares that are represented by RSUs granted on April 1, 2026, and RSUs previously granted, in 2024 and 2025. 13,993 RSUs vest on March 1, 2027, 20,780 RSUs vest on March 1, 2028 and 15,155 vest on April 1, 2029. Each RSU represents a contingent right to receive one Common Share of Vale S.A. upon settlement.

	/s/ Rafael Jabur Bittar	04/03/2026
	** 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 transaction did Vale (VALE) report for Jabur Bittar Rafael?

Vale reported that Executive VP Technical Jabur Bittar Rafael received 15,155 restricted share units (RSUs) on April 1, 2026. These RSUs are a share-based compensation grant, each representing a contingent right to receive one Vale common share when the units settle in future years.

How many Vale (VALE) shares does Jabur Bittar Rafael hold after this Form 4 filing?

After this grant, Jabur Bittar Rafael holds 126,250 Vale common shares, including RSUs. This total reflects RSUs awarded in 2024, 2025, and 2026, which convert into common shares upon settlement as they vest on the specified future vesting dates in 2027, 2028, and 2029.

What are the vesting dates for Jabur Bittar Rafael’s Vale (VALE) RSUs?

Rafael’s Vale RSUs vest in stages: 13,993 RSUs vest on March 1, 2027, 20,780 RSUs vest on March 1, 2028, and 15,155 RSUs vest on April 1, 2029. Each vested RSU entitles him to receive one Vale common share upon settlement.

Did Jabur Bittar Rafael buy Vale (VALE) shares on the open market?

No, the filing shows a grant of 15,155 restricted share units (RSUs) awarded at a price of $0.00 per share. This is compensation-related equity, not an open-market purchase, and it increases his potential future holdings as the RSUs vest and settle into common shares.

What does a Vale (VALE) restricted share unit (RSU) represent for Jabur Bittar Rafael?

Each Vale RSU granted to Rafael represents a contingent right to receive one common share of Vale upon settlement. The RSUs do not immediately deliver shares; instead, they convert into common shares as the specified tranches vest on their scheduled vesting dates in 2027, 2028, and 2029.