AXIA Energia Legal VP Acquires Common Shares via Preferred Share Conversion

Executive Summary

On September 16, 2026, Marcelo de Siqueira Freitas, serving in the Legal Vice-Presidency of AXIA Energia S.A., acquired 851 Common Shares through the conversion of Class 'C' Preferred Shares. The transaction took place at no cash consideration pursuant to company bylaws.

Transaction Details

• Non-Derivative Table: 851 Common Shares were acquired (Transaction Code 'A') at an exercise/conversion price of $0.00. Following the transaction, Freitas directly holds 36,096 shares (combining common shares and RSUs).
• Derivative Table: 851 Class 'C' Preferred Shares were disposed of (Transaction Code 'C') upon conversion to Common Shares at a 1:1 ratio, leaving 3,489 Class 'C' Preferred Shares directly owned.

Context & Market Significance

This conversion was executed pursuant to the mandatory redemption and conversion schedule set out in Article 11 of AXIA Energia S.A.'s bylaws, following a redemption announcement made on September 3, 2026. Because this transaction represents an automatic, non-discretionary conversion rather than an open-market purchase or sale, and involves a modest volume of 851 shares, it carries Low trading significance.