AXIA Energia CEO Ivan de Souza Monteiro Converts Class C Preferred Shares to Common Stock

Executive Summary

On September 18, 2026, AXIA Energia S.A. filed a Form 4 detailing an equity transaction by Chief Executive Officer Ivan de Souza Monteiro. On September 16, 2026, Monteiro acquired 9,304 Common Shares via the conversion of Class "C" Preferred Shares (PNC Shares) pursuant to company bylaws.

Transaction Details

• Security: Common Shares
• Transaction Code: A (Acquisition resulting from conversion of derivative securities)
• Shares Acquired: 9,304 shares
• Transaction Price: $0.00 per share
• Total Consideration: $0.00
• Post-Transaction Holdings: 397,792 Common Shares (including RSUs)
• Derivative Activity: Disposition/conversion of 9,304 Class "C" Preferred Shares (Code C), leaving 38,146 Class "C" Preferred Shares owned directly.

Context & Bylaw Mechanisms

According to the footnotes:

1. The conversion of 9,304 Class "C" Preferred Shares into Common Shares took place in connection with the mandatory redemption of 19.61% of AXIA Energia's outstanding PNC Shares announced on September 3, 2026, under the terms of the company's bylaws.
2. Under Article 11 of the company's bylaws, PNC Shares convert into Common Shares at a 1:1 ratio over specified schedules through fiscal year 2031 unless redeemed earlier.

Market & Trading Significance

This transaction carries Low trading significance. It is an administrative, bylaw-mandated conversion rather than a discretionary open-market purchase or sale, reflecting structural adjustments to capital rather than insider sentiment on company valuation.