Corso Matte Ana Silvia 4

What Happened
Corso Matte Ana Silvia, a director of AXIA Energia S.A. (ticker: AXIA3), acquired 500 derivative securities on July 3, 2026 in a purchase transaction. The reported price was BRL 53.00 per share (BRL 26,500 total), converted to USD at $10.09 per share for an aggregate value of about $5,045. The filing characterizes the securities as derivative (class "C" preferred shares, “PNC” — see footnote).

Key Details

• Transaction date: 2026-07-03; Form 4 filed: 2026-07-06 (timely filing).
• Price: BRL 53.00 per share; conversion used Treasury rate 5.2540 BRL/USD (as of 2026-03-31), yielding $10.09 per share and ~$5,045 total. Brokerage commissions excluded.
• Security type: Derivative — class "C" preferred shares (PNC), not immediate common shares. Conversion is governed by company bylaws (see footnote).
• Conversion/footnote: PNC Shares convert 1:1 into common shares per bylaws: 4% of originally issued PNCs convert each fiscal year 2026–2030 (allocated proportionally), with remaining PNCs converting in fiscal 2031.
• Shares owned after the transaction: not disclosed in the provided excerpt.
• Transaction code: P (Purchase).

Context
This was a buy of convertible preferred shares rather than a direct purchase of common stock. Because the PNC shares convert into common shares over time (per the schedule above), the economic exposure and voting rights may differ until conversion. The amount is modest (~$5k). Purchases can be of interest to retail investors as a signal of insider buying, but this summary is factual only and does not infer motivation.