Corso Matte Ana Silvia 4

4 · AXIA Energia S.A. · Filed Jul 2, 2026

AI-generated summary of this filing

Updated Jul 2, 2026

AXIA Energia (AXIA3) Director Corso Receives 5 Shares via Conversion

What Happened

Director Ana Silvia Corso was reported as acquiring 5 common shares of AXIA Energia S.A. on July 1, 2026 (transaction coded as A — award/acquisition) at $0.00 per share. The filing also shows a conversion/disposition of 5 derivative securities (coded C) at $0.00. This reflects a conversion of class "C" preferred shares (PNC Shares) into common shares rather than a cash purchase or sale.

Key Details

Transaction date: July 1, 2026; reported on Form 4 filed July 2, 2026 (timely filing).
Prices and values: 5 shares acquired @ $0.00 (total $0); 5 derivative shares disposed @ $0.00 (total $0).
Shares owned after the transaction: not specified in the provided filing.
Footnotes: F1 notes these PNC Shares were converted into common shares in connection with a mandatory redemption (0.0951% of outstanding PNC Shares) announced June 14, 2026. F2 explains the bylaws provide for automatic 1:1 conversion of portions of PNC Shares (4% annually in 2026–2030, remainder in 2031).
Transaction codes explained: A = award/acquisition of common shares; C = conversion/settlement of a derivative security.

Context

This was not a market purchase or sale but a conversion of preferred (derivative) shares into common stock under the company’s bylaws and redemption terms. Such administrative conversions typically do not signal a change in insider sentiment and involved no cash outlay.

Form 4

Period: 2026-07-01

Director

Transactions

Award
Common Shares
[F1]
2026-07-01+5→ 17,505 total
Conversion
Class "C" Preferred Shares
[F2][F1]
2026-07-01−5→ 5,295 total
→ Common Shares (5 underlying)

Holdings

Footnotes (2)

[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]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/ Ana Silvia Corso Matte|2026-07-02

1 file