AXIA Energia Fiscal Council Member Acquires Common Shares via Preferred Share Conversion

Executive Summary

On September 18, 2026, AXIA Energia S.A. filed a Form 4 disclosing that Gisomar Francisco de Bittencourt Marinho, a Member of the Fiscal Council, acquired 224 Common Shares on September 16, 2026. The transaction resulted from the mandatory redemption and conversion of Class "C" Preferred Shares pursuant to the terms of the company's bylaws, bringing the insider's direct common stock holdings to 4,975 shares.

Transaction Breakdown

• Security Transacted: Common Shares
• Shares Acquired: 224 shares
• Transaction Price: $0.00 (1:1 conversion ratio)
• Derivative Disposed: 224 Class "C" Preferred Shares
• Post-Transaction Position: 4,975 Common Shares and 923 Class "C" Preferred Shares held directly
• Nature of Transaction: Mandatory redemption and conversion under Article 11 of AXIA Energia's Bylaws (mandatory redemption of 19.61% of outstanding PNC Shares announced September 3, 2026)

Market and Governance Impact

This filing reflects an administrative/bylaw-driven conversion mechanism rather than an open-market, discretionary purchase or sale. Due to the small share count and non-discretionary nature of the transaction, the overall market and trading significance is classified as Low.