AXIA Energia S.A.: CEO de Souza Monteiro Ivan received 5,897 shares

What happened

• The filing says de Souza Monteiro Ivan, chief executive officer, had two linked entries on Oct 2, 2026: an award/acquisition of 5,897 common shares at $0.00 (Acquired) and a conversion of a derivative security for 5,897 shares at $0.00 (Disposed, derivative). The reported dollar values are $0.00 for both entries.

Key details

• Transaction date(s): Oct 2, 2026; Form 4 filed Oct 5, 2026.
• Prices and values: $0.00 per share, total $0.00.
• Shares owned after the transaction: not stated in the provided excerpt; footnote F2 says reported holdings represent the sum of (i) RSUs and (ii) common shares held by the reporting person.
• Relevant footnotes: F1 says 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 Sep 22, 2026 and per the bylaws; F3 describes the automatic 1:1 conversion schedule for PNC Shares under Article 11 of the bylaws; F2 explains how holdings are reported.
• Filing timeliness: Form 4 shows filing date Oct 5, 2026 for transactions on Oct 2, 2026 (no late filing indicator provided).

Why it may matter

• The filing shows a conversion of preferred (PNC) shares into common shares and an award/acquisition of the same number of common shares; these were not market purchases or sales.
• A filing does not show why the insider traded or why the company acted.