AXIA Energia S.A.: Exec VP de Meirelles Wolff Elio Gil received 377 shares

What happened

• de Meirelles Wolff Elio Gil, executive vice-president, received 377 common shares. The Form 4 reports a grant/award or other acquisition of 377 shares at $0.00 and a conversion of a derivative security of 377 shares at $0.00, both on Oct 20, 2026.

Key details

• Transaction dates and prices: Oct 20, 2026 — 377 shares granted at $0.00; Oct 20, 2026 — 377 shares converted from a derivative security at $0.00.
• Shares owned after the transaction: not specified in the filing.
• Relevant footnotes:
  • F1: The converted shares were class "C" preferred shares (PNC Shares) converted into common shares in connection with a mandatory redemption of 17.38% of outstanding PNC Shares announced Oct 7, 2026 and pursuant to the company bylaws.
  • F3: PNC Shares auto-convert to common shares at a 1:1 ratio per the bylaws on a scheduled basis (4% of originally issued PNC Shares each fiscal year 2026–2030, remaining balance in fiscal year 2031).
  • F2: Holdings reported represent the sum of (i) RSUs and (ii) common shares held by the reporting person.
• Filing date and period: Form filed Oct 21, 2026 for report period Oct 20, 2026.
• Remarks: reporting person is Executive vice-president.

Why it may matter

• The derivative entry reflects a conversion of preferred (PNC) shares into common shares under the company bylaws, not an open-market sale or purchase.
• The grant/award entry reflects shares received by the insider, not a market trade.
• A filing does not show why the insider traded or why the company acted.