AXIA3 CEO Ivan de Souza Monteiro Receives 3,103 Shares

What Happened

• Ivan de Souza Monteiro, Chief Executive Officer of AXIA Energia S.A. (ticker: AXIA3), received 3,103 common shares on August 17, 2026. The filing shows an acquisition (code A) of 3,103 shares at $0.00 and a corresponding conversion (code C) disposing of 3,103 derivative securities at $0.00.
• This was not an open-market purchase or sale — it reflects the conversion of Class "C" preferred shares ("PNC Shares") into common shares in connection with the Company’s mandatory redemption/conversion process announced Aug 6, 2026. No cash was paid or received in the transaction.

Key Details

• Transaction date: August 17, 2026; Form 4 filed August 19, 2026 (timely filing).
• Reported entries: A (award/acquisition) 3,103 common shares @ $0.00; C (conversion of derivative security) 3,103 shares @ $0.00.
• Shares owned after transaction: the filing does not state a specific post-transaction total in the excerpt provided; footnote F2 indicates totals reported combine RSUs and common shares held by the reporting person.
• Notable footnotes: F1 — conversion occurred pursuant to mandatory redemption announced Aug 6, 2026; F3 — bylaws provide PNC→Common conversion schedule (1:1 ratio, staged conversions over 2026–2031).
• This was a conversion of preferred/derivative securities into common stock, not a sale (the "Disposed" line reflects conversion of the derivative, not a market sale).

Context

• Conversions like this are routine corporate events under the company’s bylaws and do not, by themselves, indicate insider buying or selling sentiment. They simply change the form of the holder’s equity (preferred → common).
• For retail investors, purchases are often more informative than conversions; here the key takeaway is a governance/structural conversion per AXIA’s bylaws and the company announcement.