Abdalla Filho Jose Joao 4
4 · AXIA Energia S.A. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
AXIA Energia (AXIA3) Director Jose Joao Abdalla Filho Receives Common Shares
What Happened Jose Joao Abdalla Filho, a director of AXIA Energia S.A. (AXIA3), was reported as receiving a total of 24,173 common shares on July 1, 2026. The filing shows two award/acquisition entries for 3,721 and 20,452 shares (reported with $0.00 price) and corresponding conversion-of-derivative-security entries for the same amounts. These transactions reflect the conversion of Class "C" preferred shares (PNC Shares) into common shares under the company’s bylaws and a mandatory redemption announced June 14, 2026 — no purchase price was paid.
Key Details
- Transaction date: July 1, 2026; Form 4 filed July 2, 2026 (timely).
- Share movements reported: +3,721 shares and +20,452 shares = +24,173 common shares.
- Reported prices: $0.00 per share (conversion/award; no cash consideration).
- Transaction codes: A = Award/Acquisition (common shares reported acquired); C = Conversion of derivative security (PNC → common).
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes of note:
- F1: Conversion due to mandatory redemption of 0.0951% of outstanding PNC Shares and bylaws’ conversion rules.
- F2–F3: Mr. Filho may be deemed to indirectly beneficially own these shares through control of Banclass FIA and FIA Dinamica Energia; both entities and Mr. Filho disclaim beneficial ownership except to the extent of pecuniary interest.
- F4: Bylaws provide for automatic 1:1 conversion of PNC Shares over 2026–2031 (4% annually 2026–2030; remainder 2031).
Context
- These entries reflect a conversion/award event (not an open-market buy or sale). The $0.00 price indicates conversion/automatic issuance rather than a cash purchase.
- The filing treats the derivative conversion as a disposition of the preferred (derivative) security and acquisition of common shares; this is a routine corporate conversion/redemption step and not necessarily a signal of insider buying/selling intent.
Insider Transaction Report
Form 4
AXIA Energia S.A.AXIA3
Abdalla Filho Jose Joao
Director
Transactions
- Award
Common Shares
[F1][F2]2026-07-01+3,721→ 14,893,596 total(indirect: See Footnotes) - Award
Common Shares
[F1][F3]2026-07-01+20,452→ 96,710,152 total(indirect: See Footnotes) - Conversion
Class "C" Preferred Shares
[F4][F1][F2]2026-07-01−3,721→ 3,909,902 total(indirect: See Footnotes)→ Common Shares (3,721 underlying) - Conversion
Class "C" Preferred Shares
[F4][F1][F3]2026-07-01−20,452→ 21,485,811 total(indirect: See Footnotes)→ Common Shares (20,452 underlying)
Footnotes (4)
- [F1]On July 1, 2026, certain of the class "C" preferred shares ("PNC Shares") previously reported herein were converted into Common Shares, in connection with the mandatory redemption of 0.0951% of AXIA Energia S.A. (the "Company")'s outstanding PNC Shares announced on June 14, 2026 and pursuant to the terms of the Company's bylaws.
- [F2]Jose Joao Abdalla Filho ("Mr. Filho") is a controlling shareholder in Banclass FIA ("Banclass") which directly holds the Common Shares and the PNC Shares of the Company reported in this filing. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of control over Banclass. For the purposes of this filing, each of Banclass and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Banclass or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise.
- [F3]Mr. Filho is a controlling shareholder in FIA Dinamica Energia ("Dinamica") which directly holds the Common Shares and the PNC Shares of the Company reported in this filing. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of control over Dinamica. For the purposes of this filing, each of Dinamica and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Dinamica or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise.
- [F4]Pursuant to Article 11 of the Bylaws of the Company, the PNC Shares shall be automatically converted into Common Shares, assuming such PNC 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 PNC Shares, allocated proportionally among all holders, in each of the fiscal years 2026, 2027, 2028, 2029 and 2030; and all PNC Shares remaining, in fiscal year 2031.
Signature
/s/ Jose Joao Abdalla Filho|2026-07-02