AXIA Energia Director Reports Mandatory Conversion of Preferred Shares to Common Stock

Executive Summary

On November 3, 2026, AXIA Energia S.A. (CIK: 0001439124) director Vicente Falconi Campos filed a Form 4 disclosing the conversion of Class "C" Preferred Shares (PNC Shares) into Common Shares on October 30, 2026. The transaction resulted in the acquisition of 152,957 Common Shares across direct and indirect holdings at $0 per share, corresponding to the disposition/conversion of an equivalent number of PNC Shares.

Transaction Breakdown

• Direct Holdings:
  • Converted 1,227 Class "C" Preferred Shares into 1,227 Common Shares.
  • Direct Common Shares owned post-transaction: 147,057 (including RSUs).
  • Direct Class "C" Preferred Shares owned post-transaction: 5,392.
• Indirect Holdings via STARTOURS FIA IE:
  • Converted 95,738 Class "C" Preferred Shares into 95,738 Common Shares.
  • Post-transaction holdings: 4,759,997 Common Shares and 420,652 Class "C" Preferred Shares.
• Indirect Holdings via TUCA FIA RESPONSABILIDADE LIMITADA:
  • Converted 55,992 Class "C" Preferred Shares into 55,992 Common Shares.
  • Post-transaction holdings: 2,783,858 Common Shares and 246,017 Class "C" Preferred Shares.

Trading Significance

This filing carries Low trading significance as it does not reflect discretionary open-market buying or selling. The transactions were executed pursuant to Article 11 of the company's bylaws in connection with a mandatory redemption of 18.54% of AXIA Energia S.A.'s outstanding Class "C" Preferred Shares announced on October 20, 2026.