AXIA Energia Director Reports Small Indirect Sales and Preferred Share Conversion

Transaction Summary

On October 21, 2026, AXIA Energia S.A. director Pedro Batista de Lima Filho reported two categories of transactions involving indirectly held shares managed by Radar Gestora de Recursos Ltda.:

1. Open Market Dispositions (October 19, 2026):

   • Sold an aggregate of 11,000 Common Shares across several managed investment accounts (Maliko Investments LLC, Manuka Investments LLC, Xingo Master FIA, Radar Master FIA, and Infrad Master FIA).
   • Transactions were executed at a weighted average price of $11.50 per share (~59.88 BRL converted to USD), yielding total proceeds of approximately $126,500.

2. Preferred Share Conversions (October 20, 2026):

   • A total of 1,139,719 Class "C" Preferred Shares were mandatorily converted into 1,139,719 Common Shares (1:1 ratio) pursuant to the company's bylaws and the mandatory redemption announced on October 7, 2026.
   • No cash consideration was exchanged ($0 price per share).

Beneficial Ownership Context

• The reporting person is a partner at Radar Gestora de Recursos Ltda., the investment manager for the underlying funds, and disclaims beneficial ownership beyond his pecuniary interest.
• Direct holdings remain at 51,115 Common Shares.
• Over 30 million Common Shares and remaining Class "C" Preferred Shares continue to be held indirectly across the managed entities.

Market Significance

The trading significance is assessed as Low. The open-market sales represent an immaterial fraction (~0.03%) of the collective position held across the managed funds, and the primary volume change stems from an automated, issuer-mandated preferred share redemption rather than discretionary insider selling.