Di Costanzo Marco 4

What Happened
Marco Di Costanzo, Chief Technology Officer of TIM S.A. (TIMB), was granted/awarded a total of 33,433 shares on May 5, 2026, reported as three award-type transactions: 24,095 shares @ $0.00, 7,851 shares @ $0.00, and 1,487 shares @ $0.00 (the last reported as a derivative/contingent restricted share). The filing reports $0 cash paid — these are earned performance and restricted share awards resulting from the Board’s certification of performance, not open‑market purchases or sales.

Key Details

• Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (timely within the required reporting window). Accession: 0001193125-26-212783.
• Reported awards: 24,095 shares (A), 7,851 shares (A), 1,487 shares (A, derivative) — total 33,433 shares; all reported at $0.00 (award/earned shares).
• Shares owned after transaction: not disclosed in this Form 4.
• Notable footnotes from the filing:
  • F1/F2: These shares represent performance shares earned after Board certification for 2023 and 2024 awards; vesting schedules remain (2023 awards vest 20%/30%/50% over the first three anniversaries; 2024 awards vest 10%/20%/70%).
  • F3: Each restricted share is a contingent right to one common share minus withholding taxes.
  • F4: Dividend equivalent units on restricted shares were accrued upon Board approval on May 5, 2026.
  • F5: Some restricted shares vest on July 31, 2026.
• Transaction type: Award/Grant (code A). No 10b5‑1 plan, sale, or purchase reported.

Context
These transactions reflect earned performance and restricted-share awards certified by TIM’s Board — they do not represent an open‑market purchase (a bullish signal) or a sale (a liquidity event). The awards are generally subject to future vesting and continued service conditions and may be settled net of taxes for withholding.