AXIA Energia: CEO de Souza Monteiro Ivan received 5,604 shares

What happened

• de Souza Monteiro Ivan, Chief Executive Officer, had two transactions on Oct 20, 2026: a grant/award or other acquisition of 5,604 common shares at $0.00 (transaction code A) and a conversion of a derivative security resulting in the disposition of 5,604 shares at $0.00 (transaction code C). Each transaction shows total value $0.

Key details

• Transaction dates and prices: Oct 20, 2026 — A: 5,604 shares acquired at $0.00; C: 5,604 shares disposed (derivative conversion) at $0.00.
• Shares owned after the transaction: the filing does not provide a numeric total; footnote F2 states ownership reporting represents the sum of (i) RSUs and (ii) common shares held by the reporting person.
• Relevant footnotes: F1 explains certain class "C" preferred shares ("PNC Shares") were 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's bylaws; F3 describes the automatic 1:1 conversion schedule for PNC Shares under Article 11 of the bylaws; F2 defines the composition of reported holdings.
• Filing timing: report filed Oct 22, 2026 for transactions dated Oct 20, 2026; the filing does not indicate it was late.

Why it may matter

• The filing reports an award/receipt of common shares and a conversion of preferred shares into common shares under the company's bylaws (a derivative conversion, not a market purchase or sale).
• The conversion was tied to a mandatory redemption and to the PNC conversion mechanics described in the bylaws (1:1 conversion and scheduled conversions in fiscal years 2026–2031).
• This filing does not show why the insider traded or why the company acted.