Corso Matte Ana Silvia 4

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.