de Siqueira Freitas Marcelo 4

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.