de Meirelles Wolff Elio Gil 4

4 · AXIA Energia S.A. · Filed Jul 7, 2026

AI-generated summary of this filing

Updated Jul 7, 2026

AXIA Energia (AXIA3) Exec VP Elio Gil Sells 3 Shares via Mandatory Redemption

What Happened

Elio Gil de Meirelles Wolff, Executive Vice‑President of Strategy and Business Development at AXIA Energia S.A. (AXIA3), reported a disposition of 3 class "C" preferred shares on July 7, 2026. The shares were mandatorily redeemed for cash under the company's bylaws and reported as a derivative transaction (code J). The reported price was $9.90 per share, for a total of approximately $30.

Key Details

Transaction date: 2026-07-07
Transaction type/code: Other acquisition/disposition (J) — derivative (mandatory redemption)
Price: $9.90 per share (total ≈ $30). Price reflects conversion of the BRL redemption price of BRL 52.00/share to USD using the Treasury rate of 5.2540 BRL/USD (footnote F2); brokerage costs excluded.
Why it occurred: Per company bylaws, certain class C preferred ("PNC") shares are subject to mandatory redemption/conversion schedules; these PNC shares were mandatorily redeemed for cash (footnote F1).
Shares owned after transaction: Not specified in the filing.
Filing timeliness: Reported on the same date (2026-07-07); no late filing indicated.

Context

This was not an open‑market sale by choice but a mandatory redemption under AXIA’s bylaws (a procedural corporate action). The small size ($30) makes this immaterial for signaling insider sentiment.

Form 4

Period: 2026-07-07

See Remarks*

Transactions

Other
Class "C" Preferred Shares
[F1][F2]
2026-07-07$9.90/sh−3$30→ 3,399 total
→ Common Shares (3 underlying)

Footnotes (2)

[F1]Pursuant to Article 11 of the Bylaws of AXIA Energia S.A. (the "Company"), the class "C" preferred shares ("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. The PNC Shares reported herein were mandatorily redeemed for cash in accordance with the foregoing.
[F2]The redemption price, $52.00 Brazilian reals ("BRL") per share, has been converted to U.S. dollars ("USD") using the U.S. Department of the Treasury Bureau of the Fiscal Service Treasury Reporting Rates of Exchange as of March 31, 2026 (the most recently published quarterly rate at the time of filing), at a rate of 5.2540 BRL per USD (fiscaldata.treasury.gov). Brokerage commissions and other costs of execution, if any, are excluded from the reported price.

Signature

/s/ Elio Gil de Meirelles Wolff|2026-07-07

1 file