de Souza Monteiro Ivan 4

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

AI-generated summary of this filing

Updated Jul 2, 2026

AXIA Energia CEO Ivan de Souza Receives Award, Converts PNC to Common

What Happened

Ivan de Souza, Chief Executive Officer of AXIA Energia S.A. (AXIA3), received 48 shares via an award/grant (reported as A) and simultaneously a conversion of 48 derivative PNC preferred shares into 48 common shares (reported as C). Both entries list $0.00 per share, so no cash changed hands in these transactions.

Key Details

Transaction dates: July 1, 2026; Form 4 filed July 2, 2026 (timely).
Reported prices/values: 48 shares @ $0.00 (award/acquired); 48 shares @ $0.00 (conversion/disposed as derivative).
Shares owned after transaction: The filing does not state a specific total number; footnote F2 says holdings are the sum of RSUs and common shares held by the reporting person.
Notable footnotes:
- F1: The conversion reflected certain class "C" preferred (PNC) shares being converted into common shares in connection with a mandatory redemption of 0.0951% of outstanding PNC shares announced June 14, 2026.
- F3: The company bylaws provide for automatic 1:1 conversion of PNC shares over time (4% of original PNC volume each year 2026–2030 and the remainder in 2031).
Filing timeliness: Reported promptly (no late-filing indication).

Context

The “conversion” is a derivative-security conversion (PNC preferred → common) under corporate bylaws and the announced mandatory redemption; this is a structural corporate action, not an open-market buy or sale by the insider.
The award appears to be a grant/RSU-type award (reported at $0), which is routine compensation rather than a market purchase.
These entries do not reflect cash purchases or sales and therefore do not by themselves indicate an insider trading signal.

Form 4

Period: 2026-07-01

See Remarks*

Transactions

Award
Common Shares
[F1][F2]
2026-07-01+48→ 416,125 total
Conversion
Class "C" Preferred Shares
[F3][F1]
2026-07-01−48→ 50,553 total
→ Common Shares (48 underlying)

Footnotes (3)

[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]Represents the sum of (i) RSUs; and (ii) common shares held by the reporting person.
[F3]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/ Ivan de Souza Monteiro|2026-07-02

1 file