AXIA Energia officer exercises 58,712 stock options
AXIA Energia S.A. officer de Meirelles Wolff Elio Gil exercised stock options to acquire 58,712 common shares on 2026-06-26 at an exercise price of R$54.18 per share.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
AXIA Energia S.A. officer de Meirelles Wolff Elio Gil exercised stock options to acquire 58,712 common shares on 2026-06-26 at an exercise price of R$54.18 per share. Following the exercise, he directly holds 84,623 common shares and retains stock options over hundreds of thousands of additional shares, including grants with a R$42.00 exercise price.
Insider Trade Summary
58,712 shares exercised/converted
Exercise
2 txns
Insider
de Meirelles Wolff Elio Gil
Role
See Remarks*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 58,712 | $0.00 | $0.00 |
| Exercise | Common Shares | 58,712 | $54.18 | $3.18M |
| Holding | Stock Options | -- | -- | -- |
Holdings After Transaction:
Stock Options — 982,770 contracts for 240,338 underlying shares (Direct);
Common Shares — 84,623 shares (Direct)
Footnotes (6)
- F1. The exercise price is R$54.18 per share accrues interest at a rate of 5% per annum from grant date to exercise date and is subject to certain other adjustments.
- F2. Represents the sum of (i) vested RSUs (net of withholding tax); (ii) unvested RSUs; and (iii) common shares held by the reporting person.
- F3. The stock options were issued pursuant to AXIA Energia S.A.'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.
- 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.
- 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.
- 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.
Key Figures
Options exercised: 58,712 shares
Exercise price (grant 1): R$54.18 per share
Shares held after exercise: 84,623 common shares
+2 more
5 metrics
Options exercised
58,712 shares
Common shares acquired via option exercise on 26 June 2026
Exercise price (grant 1)
R$54.18 per share
Stock option exercise price, accrues 5% annual interest
Shares held after exercise
84,623 common shares
Direct holdings following the reported transaction
Remaining options (table)
742,432 options
Total stock options shown after derivative transaction
Exercise price (grant 2)
R$42.00 per share
Exercise price for options over 240,338 underlying shares
Key Terms
Stock Options, RSUs, restricted share based compensation program, lock-up period, +1 more
5 terms
Stock Options financial
"The stock options were issued pursuant to AXIA Energia S.A.'s restricted share based compensation program."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
RSUs financial
"Represents the sum of (i) vested RSUs (net of withholding tax); (ii) unvested RSUs; and (iii) common shares held by the reporting person."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
lock-up period financial
"Upon exercise, the reporting person is subject to a lock-up period of 180 calendar days during which the shares may not be sold."
A lock-up period is a fixed time after a stock offering during which company insiders and early investors are legally barred from selling their shares. It matters because when that restriction expires a large block of previously locked-up shares can enter the market at once, potentially lowering the stock price or spiking trading volume—like opening a floodgate—so investors monitor these dates to anticipate price moves and manage risk.
vesting financial
"1/3 of the stock options vest 3 years from grant date, with the remaining vesting on the 4th and 5th anniversaries."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AXIA (AXIA3) report for de Meirelles Wolff Elio Gil?
AXIA Energia reported that officer de Meirelles Wolff Elio Gil exercised stock options to acquire 58,712 common shares on 26 June 2026. This was a derivative exercise, not an open-market share purchase, and increased his directly held common share position.
At what exercise price were AXIA (AXIA3) stock options exercised in this Form 4?
The stock options were exercised at an exercise price of R$54.18 per share, as stated in the filing footnotes. That price accrues 5% annual interest from grant date to exercise date and is subject to certain adjustments under the award terms.
How many AXIA (AXIA3) stock options remain after the reported exercise?
Following the exercise of 58,712 options, the filing shows 742,432 stock options remaining in the derivative holdings table. A separate derivative summary also lists options over 240,338 underlying common shares with a R$42.00 exercise price, held directly.
What are the vesting terms for AXIA Energia (AXIA3) stock options in this filing?
The filing explains that one third of the stock options vest three years from grant date, with the rest vesting on the fourth and fifth anniversaries. Vesting and exercisability remain subject to performance goals and other conditions defined in the award agreement.
Is there a lock-up period after exercising AXIA (AXIA3) stock options?
Yes. The footnotes state that after exercising vested options, the reporting person faces a 180-day lock-up period. During this time, the resulting shares cannot be sold, transferred, or encumbered under the terms of the company’s compensation program.
AI-generated analysis. How Rhea-AI works. Not financial advice.
