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.