VALE S A

Ticker: VALE CUSIP: 91912E105 Class: SPONSORED ADS

Massar Capital Management, LP's Holding History (CIK: 0002037238)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 40,000 Value ($000) $521 Avg Close — Range —

Q3 2025

Shares 40,000 Value ($000) $434 Avg Close — Range —

Q2 2025

Shares 40,000 Value ($000) $388 Avg Close — Range —

Q1 2025

Shares 40,000 Value ($000) $399 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	40,000	$521	—	—
Q3 2025	40,000	$434	—	—
Q2 2025	40,000	$388	—	—
Q1 2025	40,000	$399	—	—