AXIA Energia (AXIA3) Director Jose Joao Abdalla Receives Shares via Conversion

What Happened
Jose Joao Abdalla Filho, a director of AXIA Energia S.A. (AXIA3), was reported as acquiring a total of 1,559,295 common shares on August 17, 2026. The filing shows two award/acquisition entries (A) for 240,067 and 1,319,228 shares at $0.00 (total $0), and corresponding conversion-of-derivative entries (C) disposing of the same amounts. This reflects conversion of class "C" preferred shares (PNC Shares) into Common Shares rather than a cash purchase or sale.

Key Details

• Transaction date: August 17, 2026. Filing date: August 19, 2026 (filed two days after the transaction). No late filing indicated.
• Share amounts and prices: 240,067 shares @ $0.00 and 1,319,228 shares @ $0.00; total common shares received = 1,559,295; total cash = $0.
• Securities codes: A = grant/award/acquisition; C = conversion of derivative security (the PNC preferred shares were converted into Common Shares).
• Shares owned after transaction: not disclosed in this Form 4.
• Notable footnotes:
  • F1: Conversion occurred in connection with a mandatory redemption of 6.14% of outstanding PNC Shares announced Aug 6, 2026.
  • F4: Company bylaws provide for automatic 1:1 conversion schedule of PNC to Common Shares over specified years.
  • F2 & F3: Mr. Filho is a controlling shareholder of Banclass FIA and FIA Dinamica Energia, which directly hold the reported Common and PNC Shares; those entities (and Mr. Filho) disclaim beneficial ownership except to the extent of pecuniary interest.

Context
This was a non-cash conversion of preferred shares into common shares under the company’s bylaws and a previously announced mandatory redemption — not an open-market buy or sale. Such conversions are routine corporate actions and do not necessarily indicate the director is taking a bullish or bearish trading position. The filing notes possible indirect ownership through controlled entities (Banclass and Dinamica), per the customary disclaimers in the Form 4.