Brazilian Electric Power Co insider reports equity stakes

Brazilian Electric Power Co executive Ivan de Souza Monteiro filed an initial ownership report showing several types of equity in the company.

Rhea-AI Filing Summary

Brazilian Electric Power Co executive Ivan de Souza Monteiro filed an initial ownership report showing several types of equity in the company. He directly holds 192,519 Common Shares and 177,028 Restricted Stock Units, each RSU being the economic equivalent of one Common Share under the company’s compensation program.

He also holds Class "C" Preferred Shares convertible into 50,601 Common Shares at a 1:1 ratio, with automatic conversions scheduled between fiscal years 2026 and 2031. In addition, he has stock options over 1,453,527 underlying Common Shares at an exercise price of R$42.00 per share, which vest over years three to five, require exercise within 120 days after each maturity, and carry a 180-day lock-up after exercise while accruing 5% annual interest on the exercise price.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider de Souza Monteiro Ivan

Role See Remarks*

Type	Security	Shares	Price	Value
holding	Class "C" Preferred Shares	--	--	--
holding	Stock Options	--	--	--
holding	Common Shares	--	--	--
holding	Restricted Stock Units	--	--	--

Holdings After Transaction: Class "C" Preferred Shares — 50,601 contracts (Direct); Stock Options — 1,453,527 contracts (Direct); Common Shares — 192,519 shares (Direct); Restricted Stock Units — 177,028 shares (Direct)

Footnotes (6)

1. F1. 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. F2. 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. F3. 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. F4. 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. F5. 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. F6. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider holdings did Ivan de Souza Monteiro report in Brazilian Electric Power Co (AXIA)?

He reported significant direct equity interests in Brazilian Electric Power Co. These include 192,519 Common Shares, 177,028 Restricted Stock Units, Class "C" Preferred Shares convertible into 50,601 Common Shares, and stock options over 1,453,527 underlying Common Shares under the company’s compensation program.

How do the Restricted Stock Units reported by Ivan de Souza Monteiro in AXIA work?

The Restricted Stock Units equal one Common Share each and are settled 1:1 in Common Shares. They were issued under the company’s restricted share-based compensation program and are reserved for executive officers, aligning management compensation with Brazilian Electric Power Co’s long-term share performance.

What are the key terms of Ivan de Souza Monteiro’s stock options in Brazilian Electric Power Co (AXIA)?

His stock options cover 1,453,527 underlying Common Shares at an exercise price of R$42.00 per share. They vest one-third after three years, with the rest on the fourth and fifth anniversaries, subject to performance goals, exercise windows, and a 180-day post-exercise lock-up period.

How will the Class "C" Preferred Shares held by Ivan de Souza Monteiro convert in AXIA?

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

Does the exercise price on Ivan de Souza Monteiro’s AXIA stock options change over time?

Yes. The stock options have an exercise price of R$42.00 per share that accrues interest at 5% per year from grant date to exercise date. The exercise price is also subject to certain other adjustments defined in the award agreement governing the options.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding Insider Trading Forms →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 03/18/2026 - 03:16 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

de Souza Monteiro Ivan

(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	192,519	D
Restricted Stock Units(1)	177,028	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	50,601	(2)	D
Stock Options(3)	(4)	(5)	Common Shares	1,453,527	$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:

*Chief Executive Officer. 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/ Ivan de Souza Monteiro	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)