de Souza Monteiro Ivan 4

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.