TIMB Insider Trading

TIM S.A. (TIMB) operates in the Communication Services sector, specifically the Telecommunications Services industry, with a market capitalization near $8.69B, listed on NYSE, employing roughly 8,873 people, carrying a beta of 0.11 to the broader market. TIM S. Led by Alberto Mario Griselli, public since 1998-11-16.

In the last 12 months, TIM S.A. insiders made 0 buy transactions and 4 sale transactions.

DateNameTypeSharesPriceValue
Jun 29, 2026Pandolfo Luciene Rodrigues Abrao0$0.00$0
Jun 24, 2026Viegas Marques Andrea PalmaS-Sale35,000$4.32$151.2K
May 20, 2026Lima Auana MattarS-Sale8,200$4.42$36.2K
May 7, 2026Ferreira Vicente De MoraesA-Award3,584$0.00$0
May 7, 2026Ferreira Vicente De MoraesA-Award16,949$0.00$0
May 7, 2026Ferreira Vicente De MoraesA-Award1,046$0.00$0
May 7, 2026Demaria SaverioA-Award6,281$0.00$0
May 7, 2026Demaria SaverioA-Award28,588$0.00$0
May 7, 2026Demaria SaverioA-Award1,765$0.00$0
May 7, 2026Girasole MarioA-Award13,739$0.00$0

TIMB Insider Activity by Quarter

Reported Form 4 and Form 5 lines under TIMB's own SEC company ID, by transaction date, back to Q1 2026. Purchases and sales are code P / S (open market or private) in the company's shares; other lines are purchases and sales of other securities (options, warrants, preferred), awards, exercises, tax withholding, gifts and other acquisitions and dispositions. Later filings and amendments can change the current quarter.

QuarterPurchasesBoughtSalesSoldOther Lines
Q4 2026 (so far)0N/A0N/A0
Q3 20260N/A0N/A0
Q2 20260N/A2$187.4K30
Q1 20260N/A2$115.6K0

TIMB Institutional Ownership (13F)

As of Jun 30, 2026 (Q2 2026), 168 institutions reported holding 21,014,176 TIMB shares, valued at $463.2M as reported, 4.4% of its market cap (market cap of Jun 26, 2026). That is +3 institutions from the quarter before. Among managers whose reports for both quarters are comparable, 32 opened a position, 25 closed one, 52 added and 56 trimmed.

Top Holders, Q2 2026

ManagerSharesValueChange
Robeco Institutional Asset Management B.V.3,820,922$81.8M-184,879
RENAISSANCE TECHNOLOGIES LLC1,729,274$37.0M-57,151
ALLIANCEBERNSTEIN L.P.1,620,456$42.9M+248,351
BlackRock, Inc.1,104,164$23.7M-226,610
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.1,038,861$22.3M-153,970
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP817,887$17.5M-380,788
AMERICAN CENTURY COMPANIES INC792,477$17.0M+74,337
UBS Group AG687,613$14.7M+122,639
STATE STREET CORP658,063$14.3M-18,162
ASSETMARK, INC654,385$14.0M+163,907

By Quarter

QuarterInstitutionsSharesValue
Q2 202616821,014,176$463.2M
Q1 202616521,891,466$569.1M
Q4 202514119,361,881$377.4M
Q3 202513219,762,811$441.2M
Q2 202512018,862,170$379.7M
Q1 202511821,453,043$335.6M
Q4 202412823,240,209$278.2M
Q3 202412622,096,489$355.2M
Q2 202412021,645,868$310.2M

From the SEC's Form 13F data sets: investment managers with $100 million or more in Section 13(f) securities report their holdings each quarter, up to 45 days after it ends; a restated filing replaces the original, and values are as the managers reported them (a position whose price runs about 1,000 times below other managers', from a manager whose positions mostly do, is read as reported in thousands of dollars). The same shares can be reported by more than one manager, so totals can count some twice.

ETFs Holding TIMB

FundWeight of TIMBShares (as reported)Value (as reported)Source updated
AVEM Avantis Emerging Markets Equity ETF0.05%722,620$13.7MOct 8, 2026
SPEM State Street SPDR Portfolio Emerging Markets ETF0.06%593,118$11.4MOct 8, 2026
VXUS Vanguard Total International Stock ETF0.00%197,866$3.5MOct 7, 2026
VWO Vanguard FTSE Emerging Markets ETF0.00%124,262$2.2MOct 7, 2026
AVES Avantis Emerging Markets Value ETF0.13%108,094$2.1MOct 8, 2026
DFEM Dimensional - Emerging Markets Core Equity 2 ETF0.01%59,090$1.1MOct 8, 2026
DFAX Dimensional World ex U.S. Core Equity 2 ETF0.01%47,057$895.0KOct 8, 2026
DFAE Dimensional - Emerging Core Equity Market ETF0.01%31,600$601.0KOct 8, 2026
VT Vanguard Total World Stock ETF0.00%19,532$350.4KOct 7, 2026
AVXC Avantis Emerging Markets ex-China Equity ETF0.07%17,816$338.9KOct 8, 2026
AFEM First Trust Active Factor Emerging Markets ETF0.35%15,534$295.5KOct 8, 2026
DEHP Dimensional - Emerging Markets High Profitability ETF0.05%12,856$244.5KOct 8, 2026
VRAI Virtus Real Asset Income ETF1.14%10,532$200.3KOct 8, 2026
VEU Vanguard FTSE All-World ex-US ETF0.00%10,306$184.9KOct 7, 2026
AVSE Avantis Responsible Emerging Markets Equity ETF0.07%8,858$168.5KOct 8, 2026

From each fund's latest holdings file on record that shows TIMB's listed security itself. A file counts when its line count is consistent with the fund's reported holdings count (at most twice it plus 10, or at most 1,000 lines for a reported count of exactly 10, which the data source gives many funds as a cap), read with that file or inherited from the fund's last classified file (within 20% of its line count, read within 60 days). Funds whose line for the company could not be confirmed as TIMB's listed security, or that hold it through underlying funds (look-through), are not listed. Only long positions count: a fund is left out when any of its lines for TIMB reports a negative weight, share count or value, or none of them above zero (a short position, or figures that disagree). Shares, value and weight are as reported in each fund's file, dated by the data source's last update of that file (not the date of the positions); the weight is TIMB's share of that fund.

TIMB Congress Trades

Members of Congress and their households disclosed 2 transactions in TIMB on file (1 purchases, 1 sales) by 1 member, the latest trade on Dec 9, 2024.

MemberChamberTypeAmountTradedDisclosed
Jonathan L. Jackson (D-IL-1)HouseSale (Full)$15,001 - $50,000Dec 9, 2024Jan 16, 2025
Jonathan L. Jackson (D-IL-1)HousePurchase$15,001 - $50,000Aug 31, 2023Sep 11, 2023

From the periodic transaction reports members of the Senate and the House file under the STOCK Act, within 45 days of a trade (some file later); amounts are the ranges the reports give (a few give an exact amount), and a transaction a later report lists again is counted once. On file: House reports disclosed from Apr 10, 2023 through Oct 13, 2026; Senate reports disclosed from Jan 30, 2014 through Oct 7, 2026. The party is the member's on the trade date. A trade is listed under the company that traded under its ticker on the trade date (dated from Feb 1, 2021, unless the filing describes another company of ours; before that, only when the filing's description of the security is the company's name).

How to Read TIMB Insider Activity

Net insider sentiment skews to the sell side over the trailing twelve months: 4 sales versus 0 buys. Insider sales carry less informational weight than buys because they are often driven by liquidity, tax planning, or pre-scheduled Rule 10b5-1 trading plans rather than negative information. The transaction type alone does not say whether a sale was made on the open market or privately, or under a 10b5-1 plan; the filing's plan checkbox and footnotes do. The transaction table above includes the filer's reporting name, transaction type, share count, per-share price, and total dollar value where computable. For options traders, insider activity is one input to event-driven sizing alongside earnings calendar, analyst-rating cluster moves, and the implied-vol surface. Form 4 filings (the dominant Section 16 reporting form) must be submitted within two business days of the transaction; clusters of buys across multiple insiders within a short window are the strongest informational pattern. SEC EDGAR carries the underlying source filings for verification and additional historical depth.

Learn how insider trading is reported and how to read the data →

Frequently asked TIMB insider trading questions

How active are TIMB insiders right now?
Over the trailing twelve months, TIM S.A. (TIMB) insiders made 0 buy transactions and 4 sale transactions. Net insider sentiment over the trailing twelve months tilts to the sell side (4 sales vs 0 buys). The transaction list above shows the most recent filings; each entry includes the insider's name, transaction type, share count, and per-share price.
What counts as an insider transaction?
Section 16 of the Securities Exchange Act requires officers, directors, and 10% beneficial-owner shareholders to disclose changes in their holdings via Form 3 (initial statement), Form 4 (subsequent transactions, filed within two business days), and Form 5 (annual catch-up). Insider transactions cover open-market purchases and sales, exercise of stock options, gifts, and grants. The "transaction type" field on each row distinguishes these subcategories.
Are TIMB insider buys a bullish signal?
Insider purchases (Type P, made on the open market or privately; the code covers both) carry more informational weight than insider sales: an insider must commit personal capital, and the SEC scrutinizes purchases under Rule 10b5-1 for material non-public information. Sales, by contrast, are often driven by liquidity, tax planning, or pre-scheduled 10b5-1 trading plans rather than negative information. Cluster buying (multiple insiders buying within a short window) is a stronger signal than isolated buys.
How do TIMB insider transactions affect options pricing?
Insider transaction data does not directly drive implied volatility, but Form 4 disclosures can move single-name IV if the size or timing is unusual (e.g. a large CEO buy ahead of an earnings window). Options markets price the marginal informational content; routine transactions under pre-scheduled plans are typically ignored. For event-driven options sizing, pair the insider transaction history with the upcoming earnings calendar.