AXIA Energia S.A.: Legal vice-presidency Marcelo de Siqueira received 539 shares

What happened

• de Siqueira Freitas Marcelo, Legal vice-presidency, had 539 common shares acquired as an award/other acquisition (Code A) and 539 shares disposed through conversion of a derivative security (Code C). Both transactions are dated Oct 2, 2026 at $0.00 per share; total value reported $0.
• The filing states certain class "C" preferred shares ("PNC Shares") previously reported were converted into common shares in connection with the mandatory redemption of 15.46% of the Company's outstanding PNC Shares announced on Sep 22, 2026 and pursuant to the Company's bylaws (see footnote F1).

Key details

• Transaction date(s) and price(s): Oct 2, 2026 — A: 539 shares @ $0.00 (acquired); Oct 2, 2026 — C: 539 shares @ $0.00 (disposed, derivative).
• Shares owned after the transaction: not specified in the provided excerpt; footnote F2 states amounts reported represent the sum of (i) RSUs and (ii) common shares held by the reporting person.
• Relevant footnotes: F1 (conversion tied to mandatory redemption announced Sep 22, 2026); F3 (bylaws provide for automatic 1:1 conversion schedule: 4% of originally issued PNC Shares allocated proportionally in each fiscal year 2026–2029 and 2030, with remaining PNC Shares converting in fiscal year 2031).
• Filing timeliness: filing date and period of report are Oct 2, 2026; timeliness flag not indicated in the provided excerpt.

Why it may matter

• The filing shows a conversion of derivative securities (PNC preferred shares) into common shares pursuant to the company's bylaws and a mandatory redemption, not an open-market purchase or sale.
• The acquisition entry (Code A) reflects receipt of common shares; the disposal entry (Code C) reflects conversion of a derivative security.
• A filing does not show why the insider traded or why the company acted.