AXIA Energia CEO Ivan de Souza Monteiro Receives 9,304 Shares

What Happened

• Ivan de Souza Monteiro, Chief Executive Officer of AXIA Energia S.A. (AXIA3), received 9,304 common shares on September 16, 2026. The filing records an acquisition (code A) of 9,304 shares at $0.00 and a simultaneous conversion (code C) disposing of 9,304 derivative securities at $0.00.
• This was not a market purchase or sale but a corporate-action conversion: certain Class "C" preferred shares (PNC Shares) were converted into common shares under the company’s bylaws as part of a mandatory redemption/conversion process. No cash was paid or received in the transaction.

Key Details

• Transaction date: 2026-09-16 (Form 4 filed 2026-09-18 — appears timely).
• Instruments/amounts: +9,304 common shares (Acquisition, A) and -9,304 PNC derivative securities (Conversion, C); price reported $0.00 for both.
• Reason: Footnote states conversion occurred in connection with the mandatory redemption of 19.61% of outstanding PNC Shares announced Sept 3, 2026 and per the bylaws’ automatic conversion rules (1:1 conversion ratio under the cited schedule).
• Shares owned after transaction: not specified in the provided details (footnote F2 notes reported totals represent RSUs plus common shares).
• Codes explained: A = award/grant/other acquisition; C = conversion of a derivative security (PNC → common).

Context

• This is a corporate-initiated conversion/redemption, not an insider purchase or sale that signals personal buying or selling intent. Such conversions often occur under contract/bylaw terms (here, automatic conversion and scheduled conversions per Article 11).
• For retail investors, note this is a bookkeeping conversion of preferred units into common shares at no cash cost to the insider; it does not necessarily indicate a change in the CEO’s stance on the company’s stock.