Viegas Marques Andrea Palma 4

What Happened
CFO Viegas Marques Andrea Palma sold 35,000 TIM S.A. (TIMB) shares in open-market transactions on June 23, 2026. The weighted-average price reported was $4.32 per share, producing proceeds of approximately $151,200. The filing notes the shares were sold in multiple transactions at prices ranging from $4.31 to $4.33.

Key Details

• Transaction date: June 23, 2026 (reported on Form 4 filed June 24, 2026) — timely filing.
• Type: Sale (S) — open-market/private sale reported.
• Quantity & price: 35,000 shares; weighted-average price $4.32; price range $4.31–$4.33 (per footnote).
• Proceeds (USD): ~$151,200. Prices were converted from BRL using USD 1 = BRL 5.17 (June 23, 2026).
• Shares owned after transaction: Not provided in the supplied Form 4 excerpt.
• Footnotes: Reporting person offered to provide breakdown of shares sold at each price within the reported range on request.

Context
This was a straightforward sale by a company executive. Sales do not necessarily indicate a change in view of the company’s prospects — they can be routine or for personal/liquidity reasons. No 10b5-1 plan, option exercise, gift, or tax-withholding indicators were noted in the provided details.