Corso Matte Ana Silvia 4

What Happened
Ana Silvia Corso Matte, a director of AXIA Energia S.A. (AXIA3), reported an acquisition of 3,300 common shares and a disposition of 3,000 Class "B1" preferred shares on June 5, 2026. No cash changed hands; the transactions reflect a mandatory exchange as the company migrated to the Novo Mercado listing segment. Prices and total dollar values are listed as N/A because this was an in-kind share conversion rather than an open-market trade.

Key Details

• Transaction dates: June 5, 2026 (report filed June 11, 2026). The filing appears to be later than the typical Form 4 deadline (2 business days after the transaction).
• Reported transactions: A (grant/other acquisition) — 3,300 Common Shares; D (disposition to issuer) — 3,000 Class B1 Preferred Shares. Prices recorded as N/A.
• Conversion ratio: Each Class B1 preferred share was mandatorily exchanged for 1.1 Common Shares (3,000 × 1.1 = 3,300) per the filing footnote.
• Shares owned after transaction: not stated in the items provided in this summary.
• Footnote: The exchange was part of the company’s migration to Novo Mercado; the reporting person neither paid nor received cash in the exchange. The amounts reported reflect only the acquisition of Common Shares and the corresponding disposition of Class B1 Preferred Shares.

Context
This was a corporate reclassification/conversion tied to a listing-segment change, not an open-market purchase or sale—so it does not necessarily convey the director’s market view. Such mandatory exchanges are administrative and routine when share classes are consolidated or converted. The apparent late filing is an administrative compliance note for investors tracking reporting timeliness.