AXIA Energia S.A. Director Reports Conversion of Preferred Shares into Common Stock

Executive Summary

On September 17, 2026, Director Pedro Batista de Lima Filho reported Form 4 transactions involving AXIA Energia S.A. ($AXIA3). On September 16, 2026, accounts managed by Radar Gestora de Recursos Ltda. (in which Mr. Filho is a partner) converted Class "C" Preferred Shares into Common Shares pursuant to mandatory redemption provisions in the issuer's bylaws.

Transaction Breakdown

• Security: Common Shares
• Transaction Code: A (Acquisition via derivative conversion C)
• Shares Acquired:
  • 925,503 shares acquired indirectly by Maliko Investments LLC (bringing total to 14,221,822 shares).
  • 335,039 shares acquired indirectly by Manuka Investments LLC (bringing total to 7,070,456 shares).
• Price per Share: $0.00 (1:1 conversion ratio from Class "C" Preferred Shares).
• Nature of Ownership: Indirect beneficial ownership via managed investment accounts.

Context and Trading Significance

This transaction carries Low trading significance as it does not represent an open-market discretionary trade. Instead, it reflects an automatic conversion/mandatory redemption of approximately 19.61% of outstanding Class "C" Preferred Shares under Article 11 of the company's bylaws.