AXIA Energia S.A.: EVP de Meirelles Wolff received 396 shares

What happened

• de Meirelles Wolff, executive vice-president, reported a grant/acquisition of 396 common shares and a conversion of 396 derivative shares into common shares. Both transactions are reported at $0.00, total value $0.
• The conversion relates to class "C" preferred shares (PNC Shares) converted into common shares under the company bylaws.

Key details

• Transaction date: Oct 2, 2026. Report filed Oct 5, 2026. Transaction codes: A (award/grant) and C (conversion of derivative security). Price: $0.00 for both transactions.
• Shares involved: 396 shares acquired (A) and 396 shares converted (C). Report lists the conversion as a derivative transaction.
• Shares owned after the transaction: not specified in the provided filing.
• Relevant footnotes: F1 describes the Oct 2, 2026 conversion of certain PNC Shares into common shares in connection with the mandatory redemption of 15.46% announced on Sep 22, 2026 and per the bylaws; F2 notes holdings include RSUs and common shares; F3 explains PNC Shares convert at a 1:1 ratio with a scheduled 4% annual conversion allocation in fiscal years 2026–2030 and remaining shares in fiscal year 2031.
• Remark: reporting person is the executive vice-president.

Why it may matter

• The filing reports a conversion of preferred (PNC) shares into common shares under the bylaws and an award; it is not a cash market purchase or sale.
• The filing does not show why the insider traded or why the company acted.