AXIA Energia Fiscal Council Member Converts Class C Preferred Shares into Common Shares

Executive Summary

On October 22, 2026, AXIA Energia S.A. insider Gisomar Francisco de Bittencourt Marinho, serving as a Member of the Fiscal Council, reported an acquisition of 135 Common Shares resulting from the mandatory conversion of Class "C" Preferred Shares (PNC Shares) pursuant to company bylaws.

Transaction Details

• Security: Common Shares (converted from Class "C" Preferred Shares)
• Transaction Date: October 20, 2026
• Shares Acquired: 135 shares at $0.00 exercise/purchase price
• Post-Transaction Holdings:
  • Common Shares: 5,252 directly held
  • Class "C" Preferred Shares: 646 directly held

Mechanism & Governance Notes

As detailed in the footnotes, this conversion reflects a mandatory redemption/conversion of 17.38% of outstanding PNC Shares announced by the company on October 7, 2026, executed in accordance with Article 11 of the company's bylaws on a 1:1 basis.

Market Significance

This transaction is deemed Low significance. It represents an automated/mandatory corporate structural conversion rather than a discretionary open-market buy or sell decision by the insider.