Large stock option awards disclosed for Brazilian Electric Power Co (AXIA) executive

Rhea-AI Filing Summary

Brazilian Electric Power Co

The options vest in thirds starting three years from the grant date, with additional vesting on the fourth and fifth anniversaries, subject to performance and other conditions. Vested options must be exercised within 120 days after each maturity period, and exercised shares are subject to a 180-day lock-up. The exercise price accrues 5% annual interest from grant to exercise, with possible adjustments.

03/18/2026 - 03:15 PM

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Pinheiro Rodrigues de Campos Robson

(Last) (First) (Middle)

AVENIDA GRACA ARANHA, NO. 26

CENTRO

(Street)

RIO DE JANEIRO 20030-000

(City) (State) (Zip)

BRAZIL

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
BRAZILIAN ELECTRIC POWER CO [ AXIA3 ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks*

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options(1)	(2)	(3)	Common Shares	770,331	$42(4)	D
Stock Options(1)	(2)	(3)	Common Shares	231,094	$42(4)	D

Explanation of Responses:

1. The stock options were issued pursuant to the Eletrobras - Brazilian Electric Power Co.'s (the "Company") restricted share based compensation program. Exercise is conditioned up the achievement of certain performance goals, as set forth in the award agreement, and the satisfaction of certain other conditions.

2. 1/3 of the stock options vest 3 years from grant date, with the remaining vesting on the 4th and 5th anniversaries from grant date, subject to certain conditions, as set forth in the award agreement.

3. The reporting person must exercise vested options within 120 days after each respective maturity period, failing which the options lapse. Upon exercise, the reporting person is subject to a lock-up period of 180 calendar days during which the shares may not be sold, transferred, or encumbered.

4. The exercise price is R$42.00 per share accrues interest at a rate of 5% per annum from grant date to exercise date and is subject to certain other adjustments.

Remarks:

*Executive Vice President of Expansion Engineering. The Company currently trades on the B3 S.A. - Brasil, Bolsa, Balcao (B3) under the following ticker symbols, "AXIA3" for its Common Shares; "AXIA6" for its Class "B1" Preferred Shares and "AXIA7" for its Class "C" Preferred Shares.

	/s/ Robson Pinheiro Rodrigues de Campos	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Form 3 for BRAZILIAN ELECTRIC POWER CO (AXIA) disclose about Robson Pinheiro Rodrigues de Campos?

The Form 3 discloses that Robson Pinheiro Rodrigues de Campos holds stock options over two blocks of common shares. These options are part of a restricted share-based compensation program and represent his initial reported derivative ownership position in Brazilian Electric Power Co.

How many shares underlie the reported stock options for AXIA’s executive on this Form 3?

The Form 3 reports stock options over 770,331 and 231,094 underlying common shares. These two option positions together represent a substantial potential equity stake, contingent on vesting, performance conditions, and timely exercise within the specified post-vesting windows.

What is the exercise price and currency for the Brazilian Electric Power Co (AXIA) stock options?

The reported stock options have an exercise price of R$42.00 per share. This price accrues interest at 5% per year from grant date to exercise date and may be adjusted under conditions described in the award documentation and compensation program rules.

How do the vesting terms work for the AXIA executive’s stock options disclosed on Form 3?

One-third of the options vest three years from the grant date, with additional tranches vesting on the fourth and fifth anniversaries. Vesting is subject to performance goals and other conditions detailed in the award agreement governing the restricted share-based compensation program.

What exercise deadlines and lock-up restrictions apply to the AXIA stock options reported on this Form 3?

Vested options must be exercised within 120 days after each maturity period, or they lapse. After exercise, the resulting shares are subject to a 180-day lock-up period, during which they cannot be sold, transferred, or encumbered by the reporting person.