AXIA Energia (AXIA3) Director Falconi Campos Receives 285,818 Shares

What Happened
Falconi Campos, listed as a Director, acquired a total of 285,818 common shares of AXIA Energia S.A. through conversion/award transactions on September 16, 2026. The filing shows two "acquired" entries (180,344 and 105,474 common shares) at $0.00 and matching "conversion of derivative security" (disposed) entries for the same amounts at $0.00 — indicating class "C" preferred shares (PNC Shares) were converted into common shares. No cash was paid or received in these transactions.

Key Details

• Transaction date: 2026-09-16; Filing date: 2026-09-17 (timely).
• Shares acquired: 180,344 and 105,474 common shares (total 285,818). Price per share: $0.00 (conversion, not a market purchase).
• Dispositions listed as conversion of derivative securities for the same amounts — these reflect the conversion of PNC preferred shares into common shares.
• Footnote highlights: (F1) conversion was part of a mandatory redemption event (19.61% of outstanding PNC Shares) announced Sept 3, 2026; (F5) PNC Shares convert 1:1 into common per the bylaws on a scheduled basis.
• Beneficial ownership notes: (F2, F3) Mr. Campos controls entities (STARTOURS and TUCA) that directly hold the reported shares; those entities and Mr. Campos disclaim beneficial ownership except for pecuniary interest.
• Shares owned after transaction: not specified in the excerpt of this filing.

Context
These entries reflect a non-cash corporate conversion of preferred shares into common shares under the company bylaws and a mandatory redemption program — not an open-market buy or sale by the director. For retail investors, conversions like this change the form of the holding (preferred → common) but do not by themselves indicate new buying or selling intent by the insider. The reporting person appears to hold these securities indirectly through controlled entities, per the disclaimers in the filing.