AXIA Energia Director Rebalances Common and Preferred Share Positions

Insider Transaction Overview

On August 28, 2026, Pedro Batista de Lima Filho, a Director of AXIA Energia S.A., reported a series of matching open-market transactions across several managed accounts overseen by Radar Gestora de Recursos Ltda.:

• Common Shares Sold: Total of 17,600 Common Shares disposed of across six managed accounts at a weighted average price of $10.20 per share (approx. BRL 52.79 converted at 5.1740 BRL/USD), totaling $179,520.
• Class "C" Preferred Shares Acquired: Total of 17,700 Class "C" Preferred Shares purchased across the same managed accounts at a weighted average price of approximately $10.12 per share (approx. BRL 52.35–52.36), totaling $179,124.

Strategic Context & Significance

• Arbitrage / Share Class Rebalancing: The trades reflect a nearly identical share-count swap from Common Shares into Class "C" Preferred Shares (which convert into Common Shares 1:1 pursuant to company bylaws).
• Transaction Impact: The total transaction volume is modest relative to the cumulative holdings of tens of millions of shares across the managed entities.
• Significance Level: Low, representing routine portfolio rebalancing between equity share classes rather than a directional sentiment shift.