AXIA Energia EVP Completes Mandatory Cash Redemption of Preferred Shares

Transaction Overview

On October 26, 2026, Rodrigo Limp Nascimento, Executive Vice-President of Regulation, Institutional, Market Regulation and Corporate Relations at AXIA Energia S.A., reported the disposition of 877 Class "C" Preferred Shares (PNC Shares) at a redemption price of $11.43 per share (59.48 Brazilian reals converted at 5.2050 BRL/USD). The total transaction value was approximately $10,024.11.

Following the redemption, Mr. Nascimento retains direct ownership of 4,170 Class "C" Preferred Shares.

Nature of the Transaction

The transaction was reported under Transaction Code J ("Other"). As detailed in the filing's footnotes:

• In accordance with Article 11 of AXIA Energia S.A.'s Bylaws, PNC Shares are subject to mandatory cash redemption or conversion into Common Shares at a 1:1 ratio.
• The schedule dictates that 4% of originally issued PNC Shares are redeemed or converted annually between fiscal years 2026 and 2030, with any remaining shares addressed in 2031.
• The disposition reported in this Form 4 reflects a scheduled mandatory cash redemption rather than an open-market sale or discretionary insider action.

Market and Trading Implications

• Significance Level: Low
• Because this transaction was mandatory and governed strictly by corporate bylaws, it does not reflect discretionary buying or selling behavior or an insider's sentiment regarding company valuation or forward operational performance.