AXIA Energia S.A. Executive Vice-President Receives Common Shares via Preferred Share Conversion

Transaction Analysis: AXIA Energia S.A. (Form 4)

Overview

On October 21, 2026, Elio Gil de Meirelles Wolff, Executive Vice-President of AXIA Energia S.A. (Ticker: AXIA3), reported a non-derivative acquisition of 377 Common Shares on October 20, 2026, at an acquisition price of $0.00.

Mechanism & Footnote Details

• Share Conversion: The acquisition reflects the automatic conversion of 377 Class "C" Preferred Shares ("PNC Shares") into Common Shares.
• Governing Bylaws: This conversion occurred pursuant to the mandatory redemption of 17.38% of the company's outstanding PNC Shares announced on October 7, 2026, and in accordance with Article 11 of the company's bylaws.
• Holdings Post-Transaction: Following this conversion, Mr. Wolff holds 86,229 common shares (including common shares and RSUs) directly, while retaining 1,793 Class "C" Preferred Shares.

Trading Significance

• Significance Level: Low
• Context: This is a routine, non-discretionary corporate event driven by bylaw-mandated share redemption and conversion rules, rather than an open-market purchase or sale. It represents no change in overall economic exposure.