AXIA Energia (AXIA3) Director Ana Silvia Corso Matte Receives 1,066 Shares

What Happened
Ana Silvia Corso Matte, a director of AXIA Energia S.A. (AXIA3), was reported as acquiring 1,066 common shares on September 16, 2026. The Form 4 shows an award/acquisition of 1,066 shares at $0.00 and a simultaneous conversion/disposition of 1,066 derivative (class "C" preferred, “PNC”) shares at $0.00. The transaction reflects a non-cash conversion of preferred shares into common shares rather than a market purchase or sale.

Key Details

• Transaction date: 2026-09-16; Form 4 filed 2026-09-17 (timely).
• Reported prices/values: $0.00 per share; total cash value reported = $0.
• Shares involved: 1,066 common shares acquired via conversion of 1,066 PNC preferred shares (derivative).
• Shares owned after transaction: not stated in the provided excerpt of the filing.
• Footnotes: F1 — Certain PNC shares were converted into common shares in connection with a mandatory redemption of 19.61% of outstanding PNC shares announced Sept 3, 2026. F2 — Under the company bylaws, remaining PNC shares convert automatically to common at a 1:1 ratio over 2026–2031 (4% per year 2026–2030; remaining balance in 2031).

Context
This was a conversion/redemption-driven transfer from preferred to common stock (derivative conversion), not an open-market trade. Such conversions are typically mechanical/bylaw-driven and do not necessarily indicate a change in the insider’s market view.