AXIA Energia Officer Reports Mandatory Preferred Share Redemption

Transaction Summary

On October 8, 2026, Rodrigo Limp Nascimento, Executive Vice-President of Regulation, Institutional, Market Regulation and Corporate Relations at AXIA Energia S.A., reported a disposition of 922 Class "C" Preferred Shares (PNC Shares) via a mandatory redemption coded as 'J'. The shares were redeemed for cash at an exchange-adjusted price of $10.60 (55.15 BRL per share converted at a 5.2050 BRL/USD exchange rate), amounting to approximately $9,773.20. Following this transaction, Mr. Nascimento directly holds 5,047 Class "C" Preferred Shares.

Context and Market Significance

This disposition does not represent open-market selling or a discretionary insider trade. Per Article 11 of AXIA Energia S.A.'s Bylaws, PNC Shares are subject to mandatory redemption by the Company or conversion into Common Shares on a scheduled basis (4% annually across fiscal years 2026–2030, with the remainder in 2031). Because this cash redemption was mandatory and executed under pre-established corporate bylaws, it conveys no discretionary signal regarding insider sentiment or operational outlook, carrying Low trading significance.