Executive reports large stock option holdings at Brazilian Electric Power Co (AXIA3)

Rhea-AI Filing Summary

Brazilian Electric Power Co executive de Carvalho Freitas Filho Italo Tadeu reported stock option holdings in a Form 3. The filing shows two blocks of stock options over 770,331 and 231,094 underlying common shares, each with an exercise price of R$42.00 per share.

The options were granted under the company’s restricted share-based compensation program and vest over three to five years based on 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.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider de Carvalho Freitas Filho Italo Tadeu

Role See Remarks*

Type	Security	Shares	Price	Value
holding	Stock Options	--	--	--
holding	Stock Options	--	--	--

Holdings After Transaction: Stock Options — 770,331 shares (Direct)

Footnotes (1)

1. The stock options were issued pursuant to 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. 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. 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. 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.

Understanding Insider Trading Forms →

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^*

de Carvalho Freitas Filho Italo Tadeu

(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 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 Commercialization. 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/ Italo Tadeu de Carvalho Freitas Filho	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 AXIA3 Form 3 filing disclose for Brazilian Electric Power Co?

The Form 3 discloses that executive Italo Tadeu de Carvalho Freitas Filho holds stock options over 770,331 and 231,094 underlying common shares. These options were granted under the company’s restricted share-based compensation program with performance-based and time-based vesting conditions.

How many Brazilian Electric Power Co shares underlie the reported AXIA3 stock options?

The reported stock options cover 770,331 and 231,094 underlying common shares. These option positions provide potential future equity exposure once vesting conditions are met and the options are exercised at the stated exercise price, subject to program rules.

What is the exercise price of the Brazilian Electric Power Co (AXIA3) stock options?

The stock options have an exercise price of R$42.00 per share. The filing notes this exercise price accrues interest at 5% per year from grant to exercise and may be adjusted under specified conditions set out in the award agreement.

How do the AXIA3 stock options for Brazilian Electric Power Co vest over time?

One-third of the options vest three years from the grant date, with the remaining portions vesting on the fourth and fifth anniversaries. Vesting is subject to performance goals and other conditions defined in the award agreement for the compensation program.

What exercise deadlines apply to the Brazilian Electric Power Co (AXIA3) options?

The reporting person must exercise vested options within 120 days after each maturity period. If not exercised within this window, the options lapse. After exercise, the resulting shares are subject to a 180-day lock-up period before they can be sold or transferred.

Are there sale restrictions on shares from Brazilian Electric Power Co (AXIA3) option exercises?

Yes. After exercising vested stock options, the resulting shares are subject to a 180-day lock-up period. During this time, the shares cannot be sold, transferred, or encumbered, as specified in the terms of the restricted share-based compensation program.