Ferreira Vicente De Moraes 4

What Happened

• Ferreira Vicente De Moraes, Investor Relations Officer at TIM S.A. (TIMB), sold shares in two open-market transactions. On March 24, 2026 he sold 22,300 shares at $5.17 each for $115,291. On March 26, 2026 he sold 68 shares at $5.14 each for $350. Combined proceeds from the two dispositions were about $115,641. These were sales (not purchases), which are often routine insider liquidity events and do not by themselves indicate company outlook.

Key Details

• Transaction dates and prices:
  • 2026-03-24: 22,300 shares sold @ $5.17 = $115,291
  • 2026-03-26: 68 shares sold @ $5.14 = $350
• Total shares sold: 22,368; total proceeds: ~$115,641.
• Prices were converted from BRL to USD using FX rates disclosed in the filing: USD 1.00 = BRL 5.23 on Mar 24, 2026 and USD 1.00 = BRL 5.26 on Mar 26, 2026.
• Shares owned after the transactions: not specified in the provided filing.
• Filing: Report filed March 26, 2026. The filing does not indicate a late report.

Context

• These were open-market sales by an IR officer. Sales by insiders may be routine (personal liquidity, diversification, taxes) and should not be interpreted alone as a sign of company performance. Purchases generally attract more attention as potential bullish signals.