AXIA Energia (AXIA3) Legal VP Marcelo de Siqueira Freitas Sells 283 Shares

What Happened
Marcelo de Siqueira Freitas, Legal Vice-President of AXIA Energia S.A., reported a disposition of 283 class "C" preferred shares (PNC) on 2026-08-24. The shares were mandatorily redeemed for cash (reported as a derivative disposition, code J) at a reported price of $10.38 per share, for total proceeds of $2,938. This was a corporate redemption rather than an open-market sale.

Key Details

• Transaction date: 2026-08-24; Form 4 filed 2026-08-25 (appears timely).
• Reported price: $10.38 per share (USD); total reported proceeds $2,938.
• Original redemption price: 53.71 BRL per share, converted to USD using a 5.1740 BRL/USD rate (U.S. Treasury reporting rate) per filing footnote. Brokerage fees excluded.
• Transaction type/code: Derivative disposition — code J ("Other acquisition or disposition").
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 explains PNC shares are subject to mandatory redemption/automatic conversion rules under the bylaws; F2 explains the BRL→USD conversion method used.

Context
These were class C preferred shares redeemed under AXIA’s bylaws (a routine corporate action), not an indicative open-market sale by the insider. Such redemptions are administrative and do not necessarily reflect the insider’s investment view.