de Meirelles Wolff Elio Gil 4

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.