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Form 3 Vale S.A. For: Mar 18 Filed by: Duarte Pimenta Gustavo

March 18, 2026 5:35 PM
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 Pimenta Gustavo
(Last) (First) (Middle)
PRAIA DE BOTAFOGO 186
19TH FLOOR BOTAFOGO
(Street)
RIO DE JANEIRO 22250145
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026 		3. Issuer Name and Ticker or Trading Symbol
Vale S.A. [ VALE ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
 5. If Amendment, Date of Original Filed (Month/Day/Year)
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 361,181 (1)
D
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
Performance Shares (2) (2) Common Shares 525,000 (2) D
Explanation of Responses:
1. Includes 86,200 Common Shares that are represented by Restricted Share Units ("RSUs"), granted in 2024 and 2025. 35,982 RSUs vest on March 1, 2027 and 50,218 RSUs vest on March 1, 2028. Each RSU represents a contingent right to receive one Common Share of Vale S.A. upon settlement.
2. Each Performance Share represents a contingent right to receive one Common Share of Vale S.A. The Performance Shares vest upon Vale S.A.'s common shares achieving specified prices per share, and vest in five installments (the first of 125,000 Common Shares and the other four of 100,000 Common Shares), on December 1, 2027, 2028, 2029, 2030 and 2031.
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 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.

ATTACHMENTS / EXHIBITS

EX-24

Categories

SEC Filings