AXIA Energia Director Converts Preferred Shares to Common Shares

Executive Summary

On November 3, 2026, AXIA Energia S.A. filed a Form 4 disclosing that Director Ana Silvia Corso Matte acquired 566 Common Shares on October 30, 2026, via the conversion of an equivalent amount of Class 'C' Preferred Shares (PNC Shares). The transaction was executed at an exercise/conversion price of $0.00.

Transaction Details

• Security: Common Shares
• Transaction Code: 'A' (Grant, award or other acquisition) alongside derivative transaction code 'C' (Conversion of derivative security)
• Shares Acquired: 566
• Price per Share: $0.00 (Total Value: $0.00)
• Post-Transaction Holdings: 23,310 directly owned Common Shares and 4,000 indirectly owned via spouse.
• Derivative Holdings Affected: Class 'C' Preferred Shares decreased by 566 to 2,490 remaining.

Context and Footnote Details

According to the footnotes, the conversion occurred pursuant to the terms of the Company's bylaws in connection with a mandatory redemption of 18.54% of AXIA Energia S.A.'s outstanding PNC Shares announced on October 20, 2026. The PNC Shares convert into Common Shares at a 1:1 ratio.

Market Significance

This transaction carries Low trading significance as it represents a mandatory corporate conversion rather than an open-market purchase or discretionary sale.