<SEC-DOCUMENT>0001292814-26-001230.txt : 20260318
<SEC-HEADER>0001292814-26-001230.hdr.sgml : 20260318
<ACCEPTANCE-DATETIME>20260318191123
ACCESSION NUMBER:		0001292814-26-001230
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20260318
FILED AS OF DATE:		20260318
DATE AS OF CHANGE:		20260318

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Feriozzi Bacci Marcelo
		CENTRAL INDEX KEY:			0002119884
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15030
		FILM NUMBER:		26771412

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		PRAIA DE BOTAFOGO 186
		STREET 2:		19TH FLOOR BOTAFOGO
		CITY:			RIO DE JANEIRO
		NON US STATE TERRITORY:  	RIO DE JANEIRO
		PROVINCE COUNTRY:   	D5
		ZIP:			22250145

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Vale S.A.
		CENTRAL INDEX KEY:			0000917851
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		PRAIA DE BOTAFOGO, 186
		CITY:			RIO DE JANEIRO
		PROVINCE COUNTRY:   	D5
		BUSINESS PHONE:		55 21 3485-3900

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		PRAIA DE BOTAFOGO, 186
		CITY:			RIO DE JANEIRO
		PROVINCE COUNTRY:   	D5

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Companhia Vale do Rio Doce
		DATE OF NAME CHANGE:	20051108

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VALLEY OF THE RIO DOCE CO
		DATE OF NAME CHANGE:	20020129

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VALLEY OF THE DOCE RIVER CO
		DATE OF NAME CHANGE:	19950602
</SEC-HEADER>
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<TYPE>3
<SEQUENCE>1
<FILENAME>ownership.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0607</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2026-03-18</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000917851</issuerCik>
        <issuerName>Vale S.A.</issuerName>
        <issuerTradingSymbol>VALE</issuerTradingSymbol>
        <issuerForeignTradingSymbol>VALE3</issuerForeignTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002119884</rptOwnerCik>
            <rptOwnerName>Feriozzi Bacci Marcelo</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerNonUSAddressFlag>true</rptOwnerNonUSAddressFlag>
            <rptOwnerStreet1>PRAIA DE BOTAFOGO 186</rptOwnerStreet1>
            <rptOwnerStreet2>19TH FLOOR BOTAFOGO</rptOwnerStreet2>
            <rptOwnerCity>RIO DE JANEIRO</rptOwnerCity>
            <rptOwnerNonUSStateTerritory>RIO DE JANEIRO</rptOwnerNonUSStateTerritory>
            <rptOwnerCountry>D5</rptOwnerCountry>
            <rptOwnerZipCode>22250145</rptOwnerZipCode>
            <rptOwnerStateDescription>BRAZIL</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Executive VP Finance &amp; IR</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Shares</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>131652</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Restricted Share Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Shares</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>197400</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Includes 29,092 Common Shares that are represented by Restricted Share Units (&quot;RSUs&quot;), granted in 2025. The RSUs vest on March 1, 2028. Each RSU represents a contingent right to receive one Common Share of Vale S.A. upon settlement.</footnote>
        <footnote id="F2">Each RSU represents a contingent right to receive the economic equivalent of one Common Share of Vale S.A. The RSUs vest annually in equal installments on March 1, 2027, 2028 and 2029 and will be settled in cash.</footnote>
    </footnotes>

    <remarks>Exhibit 24 - Power of Attorney</remarks>

    <ownerSignature>
        <signatureName>/s/ Thiago Kiill Lofiego, Attorney-in-fact</signatureName>
        <signatureDate>2026-03-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>vale20260317_form312ex24.htm
<DESCRIPTION>EX-24
<TEXT>
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<TITLE></TITLE>
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<BODY>


<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: center; color: #7F7F7F"><B>POWER OF ATTORNEY</B></P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #7F7F7F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #7F7F7F"><FONT STYLE="letter-spacing: -0.2pt">Know all
by these presents, that the undersigned hereby constitutes and appoints each of <B>Luciana Oliveti Chiminazzo</B> and <B>Thiago Kiill
Lofiego</B>, or either of them acting singly, and with full power of substitution or revocation, the undersigned&rsquo;s true and lawful
attorney&#45;in&#45;fact (each of such persons and their substitutes being referred to herein as the &ldquo;Attorney-in-Fact&rdquo;),
with full power to act for the undersigned and in the undersigned's name, place and stead, in any and all capacities, to:</FONT></P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #7F7F7F"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 10pt; color: #7F7F7F"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD>
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 10pt; letter-spacing: -0.1pt">1.</FONT></TD>
<TD STYLE="text-align: justify"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 10pt; letter-spacing: -0.1pt">prepare, execute and submit to the SEC, and/or any national securities
exchange on which <B>Vale SA</B> (the &ldquo;Company&rdquo;) securities are listed, any and all reports (including any amendments thereto)
the undersigned is required to file with the SEC under Section 16 of the Exchange Act or any rule or regulation thereunder, with respect
to the any security of the Company, including Forms 3, 4 and 5; and </FONT></TD></TR></TABLE>


<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0 0 0 0.5in; text-align: justify; color: #7F7F7F">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 10pt; color: #7F7F7F"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 10pt; letter-spacing: -0.1pt">2.</FONT></TD>
<TD STYLE="text-align: justify"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 10pt; letter-spacing: -0.1pt">obtain, as the undersigned's representative and on the undersigned's
behalf, information regarding transactions in the Company's equity securities from any third party, including the Company and any brokers,
dealers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such third party to release any
such information to the Attorney-in-Fact. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #7F7F7F">The undersigned acknowledges that:</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #7F7F7F">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 10pt; color: #7F7F7F"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD>
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 10pt; letter-spacing: -0.1pt">1.</FONT></TD>
<TD STYLE="text-align: justify"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 10pt; letter-spacing: -0.1pt">This Power of Attorney authorizes, but does not require, the Attorney-in-Fact
to act in his or her discretion on information provided to such Attorney-in-Fact without independent verification of such information; </FONT></TD></TR></TABLE>


<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0 0 0 0.5in; text-align: justify; color: #7F7F7F">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 10pt; color: #7F7F7F"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 10pt; letter-spacing: -0.1pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 10pt; letter-spacing: -0.1pt">Any documents
prepared or executed by the Attorney-in-Fact on behalf of the undersigned pursuant to this Power of Attorney will be in such form and
will contain such information as the Attorney-in-Fact, in his or her discretion, deems necessary or desirable;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0 0 0 0.5in; text-align: justify; color: #7F7F7F">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 10pt; color: #7F7F7F"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 10pt; letter-spacing: -0.1pt">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 10pt; letter-spacing: -0.1pt">Neither the Company
nor the Attorney-in-Fact assumes any liability for the undersigned's responsibility to comply with the requirements of Section 16 of the
Exchange Act, any liability of the undersigned for any failure to comply with such requirements; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0 0 0 0.5in; text-align: justify; color: #7F7F7F">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 10pt; color: #7F7F7F"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 10pt; letter-spacing: -0.1pt">4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 10pt; letter-spacing: -0.1pt">This Power of
Attorney does not relieve the undersigned from responsibility for compliance with the undersigned's obligations under Section 16 of the
Exchange Act, including, without limitation, the reporting requirements under Section 16 of the Exchange Act.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #7F7F7F">The undersigned hereby grants to the Attorney-in-Fact
full power and authority to do and perform any and every act whatsoever requisite, necessary, or proper to be done in the exercise of
any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present,
with full power of substitution or revocation, hereby ratifying and confirming all that such Attorney-in-Fact, or such Attorney-in-Fact&rsquo;s
substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein
granted.</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #7F7F7F">&nbsp;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #7F7F7F"><FONT STYLE="letter-spacing: -0.1pt">This Power
of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 4 or 5 with respect to the
undersigned's holdings of and transactions in securities of the Company, unless earlier revoked by the undersigned in a signed writing
delivered to the Attorney-in-Fact. This Power of Attorney revokes all previous powers of attorney with respect to the subject matter of
this Power of Attorney.</FONT></P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #7F7F7F">&nbsp;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #7F7F7F">In addition, the undersigned hereby constitutes,
appoints and authorizes the individuals listed below, singly and with full power of substitution or revocation to act as the undersigned's
EDGAR account administrator(s) and manage the undersigned&rsquo;s EDGAR account.</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #7F7F7F">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0; color: #7F7F7F"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 35.5pt"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 10pt">Luciana Oliveti Chiminazzo, CIK 0000917851</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0; color: #7F7F7F"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 35.5pt"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 10pt">Thiago Kiill Lofiego, CIK 0000917851</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #7F7F7F">&nbsp;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #7F7F7F"><FONT STYLE="letter-spacing: -0.2pt">IN WITNESS
WHEREOF, the undersigned has executed this Power of Attorney as of February 19, 2026.</FONT></P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #7F7F7F"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #7F7F7F"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin-top: 0; margin-bottom: 0; text-align: left; color: #7F7F7F"><U>&nbsp;/s/ Marcelo Feriozzi Bacci&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name: <B>Marcelo Feriozzi Bacci</B></P>


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