AXIA Energia Legal VP Marcelo de Siqueira Freitas Converts Preferred Shares to Common

Executive Summary

On October 21, 2026, Marcelo de Siqueira Freitas, holding the position of Legal Vice-Presidency at AXIA Energia S.A. (Ticker: AXIA3), filed a Form 4 disclosing the acquisition of 512 Common Shares on October 20, 2026. This acquisition resulted from a 1:1 conversion of 512 Class "C" Preferred Shares pursuant to corporate bylaws and mandatory redemption actions. Following the transaction, the insider directly holds 37,147 Common Shares (inclusive of RSUs) and retains 2,438 Class "C" Preferred Shares.

Transaction Details

• Common Shares Acquired: 512 shares at $0.00 per share via derivative conversion (Code A / C).
• Class "C" Preferred Shares Disposed: 512 shares converted at a 1:1 ratio.
• Holding Impact: Direct common share ownership increased to 37,147 shares; preferred share holdings decreased to 2,438.
• Context: The conversion was executed in connection with the mandatory redemption of 17.38% of AXIA Energia S.A.'s outstanding Class "C" preferred shares announced on October 7, 2026, pursuant to Article 11 of the company's bylaws.

Market and Sentiment Impact

This transaction reflects a non-discretionary, structural conversion of equity securities rather than open-market buying or selling. Given the nominal size (512 shares) and execution under established company redemption rules, this filing carries Low trading significance and should have no material impact on AXIA share valuation or investor sentiment.