AXIA Energia CEO Ivan de Souza Monteiro Exercises Options and Converts Preferred Shares

Executive Summary

On October 30, 2026, Ivan de Souza Monteiro, Chief Executive Officer of AXIA Energia S.A., engaged in non-open-market share acquisitions comprising a stock option exercise and a preferred share conversion, increasing his direct ownership to 497,201 Common Shares (including RSUs).

Transaction Details

• Stock Option Exercise (Code M): Exercised options to acquire 82,969 Common Shares at an exercise price of R$57.08 per share (total value of R$4,735,870.52). Following the exercise, 1,370,558 stock options remain held.
• Preferred Share Conversion (Code A / C): Converted 4,939 Class "C" Preferred Shares into Common Shares at no cash cost pursuant to a mandatory redemption of 18.54% of outstanding Class C shares under company bylaws. 21,706 Class "C" Preferred Shares remain held.
• Post-Transaction Holdings: Direct beneficial ownership of Common Shares and RSUs rose from 409,293 to 497,201.

Insider Context and Trading Significance

This transaction represents an exercise-and-hold rather than an open-market sale or purchase. Per Footnote 7, shares acquired via the option exercise are subject to a 180-day lock-up period. Given that these acquisitions stem from contractual compensation program vesting and mandatory preferred share redemption terms, this filing indicates routine executive equity management with Low market trading significance.