AXIA Energia director buys 500 preferred shares
AXIA Energia S.A. director Corso Matte Ana Silvia bought additional shares in the company.
Rhea-AI Filing Summary
AXIA Energia S.A. director Corso Matte Ana Silvia bought additional shares in the company. The filing shows an open-market purchase of 500 Class "C" preferred shares at a price of $10.09 per share, increasing the director's direct holdings to 5,795 Class "C" preferred shares.
These preferred shares are automatically convertible into Common Shares on a 1:1 basis under the company’s bylaws, with portions converting each fiscal year from 2026 through 2030 and all remaining shares converting in 2031, assuming they are not mandatorily redeemed earlier.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class "C" Preferred Shares | 500 | $10.09 | $5K |
Footnotes (2)
- F1. Pursuant to Article 11 of the Bylaws of AXIA Energia S.A. (the "Company"), the class "C" preferred shares ("PNC Shares") shall be automatically converted into Common Shares, assuming such PNC 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 PNC Shares, allocated proportionally among all holders, in each of the fiscal years 2026, 2027, 2028, 2029 and 2030; and all PNC Shares remaining, in fiscal year 2031.
- F2. The purchase price, $53.00 Brazilian reals per share, has been converted to U.S. dollars ("USD") using the U.S. Department of the Treasury Bureau of the Fiscal Service Treasury Reporting Rates of Exchange as of March 31, 2026 (the most recently published quarterly rate at the time of filing), at a rate of 5.2540 BRL per USD (fiscaldata.treasury.gov). Brokerage commissions and other costs of execution, if any, are excluded from the reported price.
Key Figures
Key Terms
automatically converted financial
Treasury Reporting Rates of Exchange financial
mandatorily redeemed financial
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What insider transaction did AXIA (AXIA3) report in this Form 4?
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