AXIA Energia Director Converts Preferred Shares to Common Stock

Executive Summary

On October 20, 2026, Vicente Falconi Campos, a Director of AXIA Energia S.A., acquired an aggregate of 173,549 Common Shares through the conversion of Class 'C' Preferred Shares (PNC Shares). The transactions comprised 1,392 Common Shares acquired directly and 172,157 Common Shares acquired indirectly via controlled entities STARTOURS FIA IE (108,627 shares) and TUCA FIA RESPONSABILIDADE LIMITADA (63,530 shares).

Transaction Details & Mechanics

• Nature of Event: The preferred shares were converted at a 1:1 ratio into Common Shares pursuant to AXIA Energia S.A.'s bylaws in connection with a mandatory redemption of 17.38% of outstanding PNC Shares announced on October 7, 2026.
• Transaction Price: $0.00 per share (conversion of existing derivative holdings).
• Holdings Post-Transaction:
  • Direct Common Shares: 145,830
  • Indirect Common Shares (Startours): 4,664,259
  • Indirect Common Shares (Tuca): 2,727,866
  • Total Common Holdings: 7,537,955

Market & Trading Significance

This filing carries Low trading significance. The transactions reflect a mechanical, mandatory corporate event mandated by corporate bylaws rather than a discretionary open-market buy or sell decision by the insider.