AXIA Energia: director Jose Joao Abdalla Filho received 2,815,496 shares

What happened

• Jose Joao Abdalla Filho, a director, acquired 433,471 common shares and 2,382,025 common shares on Oct 20, 2026. Each acquisition was recorded at $0, for a total reported value of $0.
• The filing also reports conversion of derivative securities corresponding to 433,471 shares and 2,382,025 shares (reported as disposed derivatives) on Oct 20, 2026.

Key details

• Transaction dates and prices: Oct 20, 2026; acquisitions at $0 per share; conversions reported same date.
• Shares involved: 433,471 shares and 2,382,025 shares, total 2,815,496 shares.
• Shares owned after the transaction: not specified in this filing.
• Footnotes:
  • F1: The conversions were in connection with the mandatory redemption of 17.38% of the company’s outstanding class "C" preferred shares (PNC Shares) announced Oct 7, 2026, and pursuant to the company’s bylaws.
  • F4: Under the bylaws, remaining PNC Shares convert into common shares at a 1:1 ratio on a scheduled basis (a portion in each fiscal year 2026–2030 and all remaining in fiscal year 2031).
  • F2 and F3: Mr. Filho may be deemed to indirectly own the reported shares through control of Banclass FIA and FIA Dinamica Energia; both entities disclaim beneficial ownership except to the extent of pecuniary interest.
• Filing date: Oct 21, 2026.

Why it may matter

• The filing reports conversion of preferred/derivative securities into common shares under the company’s bylaws and a mandatory redemption; this was not a cash market purchase or sale.
• A filing does not show why the insider traded or why the company acted.