de Carvalho Freitas Filho Italo Tadeu 4
4 · AXIA Energia S.A. · Filed Jun 29, 2026
Research Summary
AI-generated summary of this filing
AXIA3 EVP Italo Tadeu Exercises Stock Options
What Happened
Italo Tadeu de Carvalho Freitas Filho, Executive Vice‑President of Commercialization at AXIA Energia S.A. (AXIA3), exercised stock options on 2026-06-26 to acquire 56,453 common shares at an exercise price of R$54.18 per share (total ≈ R$3,058,624). The filing also reports the corresponding disposal of the derivative instrument (conversion of the option into shares) at a zero sale price, indicating the options were converted into underlying shares rather than sold.
Key Details
- Transaction date: 2026-06-26; Form 4 filed: 2026-06-29.
- Shares acquired: 56,453 at R$54.18 per share; reported total ≈ R$3,058,624.
- Derivative conversion: 56,453 units listed as disposed at R$0.00 — reflects option conversion into shares (transaction code M).
- Shares owned after transaction: Not specified in this filing.
- Relevant footnotes:
- F1: The R$54.18 exercise price accrues interest at 5% p.a. from grant to exercise and may be adjusted.
- F2–F3: Options were granted under AXIA’s restricted share‑based compensation plan and are conditioned on performance goals and vesting (1/3 after 3 years, remainder on years 4 and 5).
- F4: Vested options must be exercised within 120 days after maturity; exercised shares are subject to a 180‑day lock‑up.
- F5: Indicates other tranches may have a different exercise price (R$42.00) for other awards.
- No sale reported: the filing does not show an immediate sale of the acquired shares.
Context
This was an option exercise (conversion of derivative into shares), not an open‑market purchase or sale. The options are part of a performance‑based compensation program and are subject to vesting and a 180‑day post‑exercise lock‑up, so the transaction does not necessarily reflect a near‑term intent to sell. The filing lists the transaction and filing dates; the report does not disclose post‑transaction total holdings.
Insider Transaction Report
- Exercise/Conversion
CommonShares
[F1]2026-06-26$54.18/sh+56,453$3,058,624→ 56,453 total - Exercise/Conversion
Stock Options
[F2][F1][F3][F4]2026-06-26−56,453→ 713,878 totalExercise: $54.18→ CommonShares (56,453 underlying)
- 231,094
Stock Options
[F2][F5][F3][F4]Exercise: $42.00→ CommonShares (231,094 underlying)
Footnotes (5)
- [F1]The exercise price is R$54.18 per share accrues interest at a rate of 5% per annum from grant date to exercise date and is subject to certain other adjustments.
- [F2]The stock options were issued pursuant to AXIA Energia S.A.'s restricted share based compensation program. Exercise is conditioned up the achievement of certain performance goals, as set forth in the award agreement, and the satisfaction of certain other conditions.
- [F3]1/3 of the stock options vest 3 years from grant date, with the remaining vesting on the 4th and 5th anniversaries from grant date, subject to certain conditions, as set forth in the award agreement.
- [F4]The reporting person must exercise vested options within 120 days after each respective maturity period, failing which the options lapse. Upon exercise, the reporting person is subject to a lock-up period of 180 calendar days during which the shares may not be sold, transferred, or encumbered.
- [F5]The exercise price is R$42.00 per share accrues interest at a rate of 5% per annum from grant date to exercise date and is subject to certain other adjustments.