Falconi Campos Vicente 4

What Happened

• Vicente Falconi Campos, a director of AXIA Energia S.A. (AXIA3), received a total of 1,488 common shares on July 1, 2026. The filing shows three award/acquisition items (11, 932 and 545 shares) and matching conversion-of-derivative entries for the same amounts. Each line is reported at $0.00, so no cash was paid or received.
• The transactions reflect conversion of certain class "C" preferred shares (PNC Shares) into Common Shares in connection with a mandatory redemption/conversion event announced June 14, 2026 and carried out under the company’s bylaws. This is not an open-market purchase or sale.

Key Details

• Transaction date: July 1, 2026; Filing date (accession): July 2, 2026 — appears timely.
• Shares moved: 11 + 932 + 545 = 1,488 common shares; Price per share: $0.00; Total value reported: $0.
• Nature of transaction codes: A = Award/Grant/Acquisition; C = Conversion of derivative security (here, PNC preferred → common).
• Shares owned after transaction: Not explicitly stated in the filing; footnote F2 says reported ownership numbers include RSUs and common shares.
• Notable footnotes:
  • F1: Conversion of PNC Shares into Common Shares as part of mandatory redemption announced June 14, 2026.
  • F3 & F4: Mr. Campos may be deemed to indirectly own shares held by STARTOURS FIA IE and TUCA FIA; those entities and Mr. Campos disclaim beneficial ownership except to the extent of pecuniary interest.
  • F5: Bylaws provide scheduled automatic conversion of PNC Shares (4% per year in 2026–2030; remaining in 2031).

Context

• These entries represent a corporate conversion/redemption process (preferred → common) and certain RSU/award recognitions, not a cash purchase or sale. Such conversions are routine corporate actions and do not necessarily indicate insider sentiment.
• For retail investors, conversions at $0 generally reflect entitlement under contract/bylaws rather than market-driven insider buying or selling.