AXIA Energia Director Reports Mandatory Redemption of Preferred Shares

AXIA Energia S.A. (AXIA3) Form 4 Filing Summary

Transaction Overview

On September 22, 2026, Director Pedro Batista de Lima Filho reported the disposition of 609,134 Class "C" Preferred Shares across several managed funds via Code 'J' (other acquisition or disposition). The shares were mandatorily redeemed for cash pursuant to Article 11 of the Company's Bylaws at a price of BRL 55.56 per share, converted to approximately $10.74 USD per share based on official Treasury exchange rates, yielding an aggregate transaction value of approximately $6.54 million.

Entity Allocations & Post-Transaction Holdings

The redeemed shares were held indirectly across investment entities managed by Radar Gestora de Recursos Ltda., in which Mr. Filho is a partner:

• Tucurui Master FIM: Disposed 12,806 shares; retained 53,505 shares.
• Xingo Master FIM: Disposed 16,904 shares; retained 70,705 shares.
• Radar Master FIM: Disposed 305,092 shares; retained 1,269,408 shares.
• Infrad Master FIM: Disposed 274,332 shares; retained 1,173,013 shares.
• Additional reported holdings include Maliko Investments LLC (3,881,047 shares) and Manuka Investments LLC (1,423,479 shares), bringing total post-transaction indirect beneficial holdings to 7,871,157 Class "C" Preferred Shares.

Trading Significance

This filing carries Low trading significance as the disposition was non-discretionary. Under AXIA Energia's corporate bylaws, 4% of the original volume of Class "C" Preferred Shares must be redeemed annually between 2026 and 2030, with any remainder converted or redeemed in 2031. Because the transaction represents a scheduled mandatory cash redemption rather than an open-market insider sale, it does not convey an insider sentiment signal.