AXIA Energia (AXIA3) Fiscal Council Member Gisomar de Bittencourt Sells 74 Shares

What Happened
de Bittencourt Marinho Gisomar Francisco, a member of AXIA Energia S.A.'s Fiscal Council, disposed of 74 shares on August 24, 2026. The filing reports this as a derivative disposition (transaction code J) reflecting a mandatory redemption of class "C" preferred shares; the redemption was paid at $10.38 per share (USD), for a reported total of $768.

Key Details

• Transaction date: 2026-08-24; filing date: 2026-08-25 (reported promptly).
• Price and value: $10.38 per share (USD), total reported value $768.
• Transaction type: Derivative disposition (code J) — mandatory cash redemption of PNC (class "C" preferred) shares per company bylaws.
• Shares owned after transaction: not reported in this Form 4.
• Footnotes: (F1) PNC shares are subject to mandatory redemption/conversion schedule in AXIA’s bylaws; these PNC shares were mandatorily redeemed for cash. (F2) The $10.38 USD price is the BRL 53.71 redemption price converted to USD using the U.S. Treasury exchange rate as of June 30, 2026.
• Remark: Insider is a member of the Fiscal Council.

Context
This was a mandatory corporate redemption under AXIA’s bylaws, not an open-market sale by the insider. Mandatory redemptions and conversions are routine corporate actions and do not necessarily signal the insider’s view of the stock. The filing shows the cash payment was converted from BRL to USD for reporting; no indication of a late filing or a trading plan (e.g., 10b5-1) is provided.