AXIA Energia (AXIA3) Legal VP Marcelo de Siqueira Receives Shares

What Happened

• Marcelo de Siqueira Freitas (Legal Vice‑Presidency) was credited with 851 common shares on September 16, 2026. The Form 4 shows an award/grant of 851 shares at $0.00 (acquired) and a conversion/disposition of 851 derivative shares at $0.00 (conversion of preferred into common). No cash changed hands in these entries.

Key Details

• Transaction date: 2026-09-16; reported on Form 4 filed 2026-09-17 (timely).
• Price: $0.00 per share for both the award and the derivative conversion; reported total value $0.
• Shares involved: 851 shares acquired by award; 851 derivative shares converted/disposed.
• Post-transaction holdings: the filing does not state a numeric total held after the conversion. Footnote F2 notes reported holdings combine RSUs and common shares.
• Footnote highlights:
  • F1: The conversion was part of a mandatory redemption/conversion of certain class "C" preferred (PNC) shares tied to a Sep 3, 2026 announcement (19.61% of outstanding PNCs).
  • F3: Company bylaws provide for automatic 1:1 conversion of PNC shares on a defined schedule; this conversion occurred under those terms.
• Filing timeliness: filed the day after the transaction; not indicated as late.

Context

• This was not an open‑market purchase or sale but an administrative conversion/award: preferred (PNC) shares were converted into common shares under the company’s bylaws and a related mandatory redemption. Such conversions and awards typically reflect contract/bylaw mechanics or compensation vesting rather than a direct market sentiment signal.