AXIA Energia S.A.: fiscal council member de Bittencourt received 135 shares

What happened de Bittencourt Marinho Gisomar Francisco, a member of the fiscal council, acquired 135 common shares as an award/other acquisition at $0.00 and had 135 class "C" preferred shares converted (reported as a derivative conversion) at $0.00 on Oct 20, 2026. The filing reports $0.00 total value for both the acquisition and the derivative conversion.

Key details

• Transaction date: Oct 20, 2026; price: $0.00 for both transactions.
• Transaction types reported: A (award/grant or other acquisition) and C (conversion of derivative security).
• Shares owned after the transaction: not provided in the filing.
• Footnote: conversion related to mandatory redemption of 17.38% of the company's outstanding class "C" preferred shares announced Oct 7, 2026 and carried out pursuant to the company's bylaws.
• Footnote: bylaws provide automatic 1:1 conversion schedule for remaining class "C" preferred shares across fiscal years 2026–2031.
• Filing date: Oct 22, 2026 (no late filing indicated).

Why it may matter

• These transactions were a conversion/award under the company's bylaws, not a market purchase or sale.
• The filing does not show why the insider traded or why the company acted.