Brazilian Electric Power (AXIA3) officer equity holdings detailed

Rhea-AI Filing Summary

Brazilian Electric Power Co executive Rodrigo Limp Nascimento filed an initial ownership report listing his equity interests. He directly holds common shares, restricted stock units tied 1:1 to common shares, Class "C" preferred shares that automatically convert into common shares on a scheduled basis, and multiple tranches of stock options with an exercise price of R$42.00 per share that accrue 5% annual interest until exercise.

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^*

Limp Nascimento Rodrigo

(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
[AXIA7]

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)
Common Shares	57,976	D
Restricted Stock Units(1)	71,428	D

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
Class "C" Preferred Shares	(2)	(2)	Common Shares	7,916	(2)	D
Stock Options(3)	(4)	(5)	Common Shares	677,891	$42(6)	D
Stock Options(3)	(4)	(5)	Common Shares	231,094	$42(6)	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") is the economic equivalent of one Common Share, is settled in Common Shares on a 1:1 basis, and was issued pursuant to the Eletrobras - Brazilian Electric Power Co.'s (the "Company") restricted share based compensation program. These RSUs are reserved for the executive officers.

2. Pursuant to Article 11 of the Bylaws of the Company, the Class "C" Preferred Shares shall be automatically converted into Common Shares, assuming such Class "C" Preferred Shares are not earlier mandatorily redeemed by the Company in accordance with its Bylaws, at a ratio of 1:1, as follows: * 4% of the total volume of originally-issued Class "C" Preferred Shares, allocated proportionally among all holders, in each of the fiscal years 2026, 2027, 2028, 2029 and 2030; and * all Class "C" Preferred Shares remaining, in fiscal year 2031.

3. The stock options were issued pursuant to the Company's 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.

4. 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.

5. 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.

6. 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 Regulation, Institutional, Market Regulation and Corporate Relations. 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/ Rodrigo Limp Nascimento	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 AXIA Form 3 filing for Brazilian Electric Power Co show?

The Form 3 filing shows that executive Rodrigo Limp Nascimento has reported his initial ownership in Brazilian Electric Power Co, including common shares, restricted stock units, Class "C" preferred shares, and stock options granted under the company’s restricted share based compensation program.

How many stock options does the AXIA executive report holding?

Rodrigo Limp Nascimento reports holding stock options over 677,891 and 231,094 underlying common shares. These options were issued under the company’s restricted share based compensation program and become exercisable in stages, subject to performance goals and other conditions in the award agreement.

What are the key terms of the AXIA stock options in this Form 3?

The stock options carry an exercise price of R$42.00 per share, accruing 5% annual interest from grant to exercise. One-third vests after three years, with the remainder vesting in the fourth and fifth years, subject to conditions and a 180-day post-exercise lock-up period.

How are the AXIA restricted stock units structured for the executive?

Each restricted stock unit is economically equivalent to one common share and settles in common shares on a 1:1 basis. They were issued under Brazilian Electric Power Co’s restricted share based compensation program and are reserved for executive officers participating in that plan.

How will the Class "C" Preferred Shares in AXIA convert into common shares?

The Class "C" Preferred Shares automatically convert into common shares at a 1:1 ratio. Four percent of the originally issued volume converts in each fiscal year from 2026 through 2030, with all remaining Class "C" Preferred Shares converting in fiscal year 2031, absent earlier mandatory redemption.

What exercise and sale restrictions apply to the AXIA executive’s stock options?

The executive must exercise vested options 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 under the plan’s terms.