AXIA Energia S.A.: director Corso Matte Ana Silvia received 676 shares

What happened

• The Form 4 reports that Corso Matte Ana Silvia, a director, received 676 common shares on Oct 2, 2026. The filing shows a grant/award or other acquisition (code A) of 676 shares at $0.00 and a conversion of a derivative security (code C) of 676 shares at $0.00. The filing indicates these common shares resulted from conversion of class "C" preferred shares.

Key details

• Transaction date: Oct 2, 2026. Form 4 filed on Oct 5, 2026.
• Transaction codes: A (award/grant/acquisition) and C (conversion of a derivative security).
• Price: $0.00 per share; total reported value $0.00.
• Shares owned after the transaction: not reported in the filing.
• Footnotes: F1 states that on Oct 2, 2026 certain class "C" preferred shares ("PNC Shares") were converted into common shares in connection with a mandatory redemption of 15.46% of outstanding PNC Shares announced on Sep 22, 2026 and pursuant to the company's bylaws. F2 states that pursuant to Article 11 of the bylaws, PNC Shares automatically convert into common shares at a 1:1 ratio if not earlier mandatorily redeemed, with 4% of originally-issued PNC Shares allocated proportionally among holders in each fiscal year 2026, 2027, 2028, 2029 and 2030, and the remainder in fiscal year 2031.
• No late filing indicated in the Form 4.

Why it may matter

• The filing reports a non-market conversion of preferred shares into common shares under the company's bylaws, not an open-market purchase or sale.
• The filing does not show why the insider traded or why the company acted.