Board member reports 40,476 RSUs at Brazilian Electric Power Co (AXIA3)

Rhea-AI Filing Summary

BRAZILIAN ELECTRIC POWER CO director Felipe Villela Dias reported his initial holdings of restricted stock units (RSUs). After this filing, he holds 40,476 RSUs directly. Each RSU is economically equivalent to one common share and will be settled 1-for-1 in common shares under the company’s restricted share-based compensation program for the Board of Directors.

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^*

Villela Dias Felipe

(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)

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)
Restricted Stock Units(1)	40,476	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

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 Board of Directors.

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/ Felipe Villela Dias	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 AXIA show about Felipe Villela Dias?

The Form 3 shows that director Felipe Villela Dias holds 40,476 restricted stock units in Brazilian Electric Power Co. These units are part of the company’s restricted share-based compensation program reserved for its Board of Directors.

How are the restricted stock units in AXIA structured for the director?

Each restricted stock unit is economically equivalent to one common share of Brazilian Electric Power Co. They are settled on a 1:1 basis in common shares under the company’s restricted share-based compensation program for Board members.

Is the AXIA Form 3 a buy or sell transaction by the director?

The AXIA Form 3 does not report a buy or sell transaction. It discloses the director’s existing holding of 40,476 restricted stock units as an initial ownership statement rather than a new market trade.

How many AXIA restricted stock units does the director hold after this filing?

After this filing, the director holds 40,476 restricted stock units directly. Each unit represents the economic equivalent of one common share and is issued under the company’s restricted share-based compensation program for its Board of Directors.

What compensation program do the AXIA restricted stock units come from?

The restricted stock units were issued under Eletrobras – Brazilian Electric Power Co.’s restricted share-based compensation program. This plan reserves RSUs specifically for members of the Board of Directors and settles awards in common shares on a 1:1 basis.