Brazilian Electric Power (AXIA3) director reports small share holdings

Rhea-AI Filing Summary

Brazilian Electric Power Co director Hubner Moreira Nelson Jose has filed an initial ownership report showing a very small personal stake in the company. He directly holds 4 Common Shares and 1 Class "C" Preferred Share.

The Class "C" Preferred Shares are automatically convertible into Common Shares at a 1:1 ratio. According to the company’s bylaws, 4% of the originally issued Class "C" Preferred Shares will convert each fiscal year from 2026 through 2030, with all remaining Class "C" Preferred Shares converting in fiscal year 2031, unless they are mandatorily redeemed earlier.

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^*

Hubner Moreira Nelson Jose

(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)

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

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	4	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	(1)	(1)	Common Shares	1	(1)	D

Explanation of Responses:

1. Pursuant to Article 11 of the Bylaws of Eletrobras - Brazilian Electric Power Co. (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.

Remarks:

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/ Nelson Jose Hubner Moreira	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 for Brazilian Electric Power Co show?

The Form 3 shows director Hubner Moreira Nelson Jose’s initial holdings: 4 Common Shares and 1 Class "C" Preferred Share. It establishes his baseline ownership position as he becomes subject to insider reporting rules.

How many shares does the Brazilian Electric Power Co director directly own?

The director directly owns 4 Common Shares and 1 Class "C" Preferred Share of Brazilian Electric Power Co. These small positions reflect his personal stake reported as of the Form 3’s effective date.

How are Class "C" Preferred Shares of Brazilian Electric Power Co converted?

Class "C" Preferred Shares automatically convert into Common Shares at a 1:1 ratio. The bylaws schedule conversion from fiscal years 2026–2031, with portions converting annually and all remaining shares converting in 2031 if not redeemed earlier.

What is the conversion schedule for Brazilian Electric Power Co Class "C" Preferred Shares?

The bylaws provide that 4% of originally issued Class "C" Preferred Shares convert each fiscal year from 2026 through 2030. All remaining Class "C" Preferred Shares then convert in fiscal year 2031, unless mandatorily redeemed before conversion.

Does the AXIA Form 3 show any insider buying or selling activity?

No buying or selling activity is shown; the entries are holdings only. The report simply lists the director’s direct ownership in Common Shares and Class "C" Preferred Shares, without any transactions changing those amounts.