Corso Matte Ana Silvia 4

4 · BRAZILIAN ELECTRIC POWER CO · Filed Mar 23, 2026

AI-generated summary of this filing

Updated Mar 23, 2026

Brazilian Electric Power (AXIA3) Director Corso Matte Buys 500 Shares

What Happened

Director Ana Silvia Corso Matte acquired 500 derivative securities on March 20, 2026, at a converted price of $9.97 per share, for a total reported value of $4,985. The transaction is reported as a purchase of a derivative security (Form 4 code P).

Key Details

Transaction date: 2026-03-20; Filing date: 2026-03-23.
Price: $9.97 per share (converted from BRL 54.60 using a 5.4770 BRL/USD rate); total = $4,985. Brokerage fees excluded.
Shares owned after the transaction: not specified in the provided filing.
Footnote F1: The acquired Class "C" Preferred Shares are subject to automatic 1:1 conversion into common shares under the company bylaws, with 4% of originally issued Class C preferred converting each fiscal year 2026–2030 and the remainder in 2031.
Footnote F2: The reported price is a USD conversion of a BRL-denominated exercise price; conversion used the Treasury quarterly rate as of 12/31/2025.

Context

This was a purchase (an acquisition of derivative securities). The holding is small ($4,985) and may reflect a modest personal investment or conversion-related transaction; the filing does not state additional context (e.g., whether shares were immediately sold). No indication in the provided data that the filing was late.

Form 4

Period: 2026-03-20

Director

Transactions

Purchase
Class "C" Preferred Shares
[F1][F2]
2026-03-20$9.97/sh+500$4,985→ 5,300 total
→ Common Shares (500 underlying)

Footnotes (2)

[F1]Pursuant to Article 11 of the Bylaws of Eletrobras - Brazilian Electric Power Co. (the "Company"), the Class "C" Preferred Shares shall be automatically converted into Common Shares, assuming such Class "C" Preferred Shares are not earlier mandatorily redeemed by the Company in accordance with its Bylaws, at a ratio of 1:1, as follows: * 4% of the total volume of originally-issued Class "C" Preferred Shares, allocated proportionally among all holders, in each of the fiscal years 2026, 2027, 2028, 2029 and 2030; and * all Class "C" Preferred Shares remaining, in fiscal year 2031.
[F2]The exercise price of the derivative security was denominated in Brazilian reais ("BRL"). The original exercise price was BRL 54.60 per share, which has been converted to U.S. dollars ("USD") using the U.S. Department of the Treasury Bureau of the Fiscal Service Treasury Reporting Rates of Exchange as of December 31, 2025 (the most recently published quarterly rate, applicable to transactions occurring through March 31, 2026), at a rate of 5.4770 BRL per USD (fiscaldata.treasury.gov). The converted exercise price reported herein is $9.97 per share. Brokerage commissions and other costs of execution, if any, have been excluded from the reported price.

Signature

/s/ Ana Silvia Corso Matte|2026-03-23

1 file