de Siqueira Freitas Marcelo 4

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

AI-generated summary of this filing

Updated Jul 2, 2026

AXIA Energia (AXIA3) Legal VP Marcelo de Siqueira Receives Award

What Happened

Marcelo de Siqueira Freitas, Legal Vice‑President of AXIA Energia S.A., was credited with 4 common shares as an award and a separate reporting line shows conversion of 4 derivative (PNC preferred) shares into 4 common shares. Both entries are reported at $0.00 per share, so no cash changed hands in these transactions.
The conversion reflects a company‑driven restructuring of PNC preferred shares (see footnotes); this is not an open‑market purchase or sale by the insider.

Key Details

Transaction date: July 1, 2026; Form 4 filed July 2, 2026.
Transaction types: A = Award/grant of 4 common shares at $0.00; C = Conversion of 4 derivative (PNC) shares into 4 common shares at $0.00.
Reported value: $0 for both the award and the conversion.
Shares owned after transaction: The filing does not list an exact post‑transaction total. Footnote F2 says holdings reported represent the sum of RSUs and common shares held by the reporting person.
Notable footnotes:
- F1: The conversion occurred in connection with a mandatory redemption and conversion event announced June 14, 2026.
- F3: Under the company bylaws, PNC shares convert automatically into common shares on a 1:1 basis according to a scheduled annual conversion plan through 2031.
Filing timeliness: Filed the next day (no late‑filing indicator in the report).

Context

This activity appears administrative (award and bylaw‑mandated conversion of preferred to common shares) rather than a market buy or sell that would signal insider sentiment. For retail investors, such conversions and small awards are routine and do not necessarily indicate a change in insider conviction.

Form 4

Period: 2026-07-01

See Remarks*

Transactions

Award
Common Shares
[F1][F2]
2026-07-01+4→ 38,057 total
Conversion
Class "C" Preferred Shares
[F3][F1]
2026-07-01−4→ 4,623 total
→ Common Shares (4 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/ Marcelo de Siqueira Freitas|2026-07-02

1 file