AXIA Energia Director Converts Preferred Shares to Common Stock

Executive Summary

On October 30, 2026, Jose Joao Abdalla Filho, a director of AXIA Energia S.A., indirectly acquired 2,481,419 Common Shares through the conversion of Class "C" Preferred Shares (PNC Shares). The shares were acquired across two controlled entities, Banclass FIA and FIA Dinamica Energia, following a mandatory redemption announced by the company.

Transaction Details

• Security: Common Shares (acquired upon conversion of Class "C" Preferred Shares)
• Transactions:
  • Banclass FIA: Converted 382,037 PNC Shares into 382,037 Common Shares, bringing total Common Shares held post-transaction to 17,124,922.
  • FIA Dinamica Energia: Converted 2,099,382 PNC Shares into 2,099,382 Common Shares, bringing total Common Shares held post-transaction to 108,971,815.
• Price: $0.00 per share (conversion ratio 1:1 pursuant to corporate bylaws).
• Total Common Shares Acquired: 2,481,419 shares.

Significance Assessment

This filing reflects a non-discretionary, mandatory corporate action rather than an open-market insider transaction. Pursuant to Article 11 of the company's bylaws and the mandatory redemption of 18.54% of outstanding PNC Shares announced on October 20, 2026, the preferred shares were automatically converted into common stock. Consequently, the trading significance is categorized as Low.