Falconi Campos Vicente 4

What Happened Vicente Falconi Campos, a director of AXIA Energia S.A., reported a corporate-action exchange on June 5, 2026. He acquired three lots of Common Shares totaling 6,747,264 shares (91,078; 4,199,899; 2,456,287) and simultaneously disposed of three corresponding lots of Class "B1" Preferred Shares totaling 6,133,878 shares (82,799; 3,818,090; 2,232,989). The transactions reflect a mandatory conversion required by the company’s migration to the Novo Mercado listing segment of B3, under which each Class B1 preferred share was exchanged for 1.1 Common Shares. No cash changed hands in the exchange (F1).

Key Details

• Transaction date: June 5, 2026 (reported on Form 4 filed June 12, 2026).
• Transaction type/code: "Other acquisition or disposition" (Code J) — mandatory exchange/conversion tied to listing migration (F1).
• Shares acquired (Common): 91,078; 4,199,899; 2,456,287 — total 6,747,264.
• Shares disposed (Class B1 Preferred): 82,799; 3,818,090; 2,232,989 — total 6,133,878.
• Price/consideration: N/A — no cash paid or received in the exchange (F1).
• Post-transaction holdings: Filing notes holdings include 40,476 unvested RSUs plus Common Shares (F2); a precise total post-exchange aggregate is not specified in the filing.
• Indirect holdings and disclaimers: Mr. Campos controls STARTOURS FIA IE and TUCA FIA, which directly hold reported shares; he may be deemed to indirectly own those holdings but Startours/Tuca and Mr. Campos disclaim beneficial ownership except for pecuniary interest (F3–F8).
• Timeliness: Filed June 12, 2026 for a June 5 transaction — the filing was not same‑day; recorded as late (L) for reporting purposes.

Context This was a mechanical, non‑market transaction (corporate reclassification) required by the company’s migration to a different exchange segment, not an open‑market buy or sale. Because no cash changed hands and the conversion ratio was fixed (1 B1 → 1.1 Common), the exchange preserves economic exposure rather than signaling a voluntary insider purchase or sale. Retail investors should view this as a corporate‑action conversion rather than an insider expression of confidence or concern.