What do AXIA Energia (AXIA) bylaws say about future PNC Share conversions?

Article 11 of AXIA Energia’s bylaws states PNC Shares automatically convert into Common Shares on a 1:1 basis. Four percent of originally issued PNC Shares convert each fiscal year from 2026 through 2030, with all remaining PNC Shares converting in fiscal year 2031.

AXIA Energia (AXIA3) director gets share grant and converts PNC

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

AXIA Energia S.A. director Corso Matte Ana Silvia reported small equity-related changes in her holdings. On July 1, 2026, she received a grant of 5 Common Shares at $0.0000 per share, bringing her direct Common Share holdings to 17,505 shares.

On the same date, 5 Class "C" Preferred Shares (PNC Shares) were converted into 5 Common Shares in connection with the Company’s mandatory redemption of 0.0951% of outstanding PNC Shares announced on June 14, 2026. After this, she held 5,295 Class "C" Preferred Shares directly and 1,000 Common Shares indirectly through her spouse.

The footnotes explain that, under Article 11 of the Company’s bylaws, PNC Shares are automatically converted into Common Shares on a 1:1 basis over fiscal years 2026–2031, with portions converted each year and all remaining PNC Shares converted in 2031.

Insider Trade Summary

5 shares exercised/converted

Mixed 3 txns

Insider Corso Matte Ana Silvia

Role null

Type	Security	Shares	Price	Value
Conversion	Class "C" Preferred Shares	5	$0.00	--
Grant/Award	Common Shares	5	$0.00	--
holding	Common Shares	--	--	--

Holdings After Transaction: Class "C" Preferred Shares — 5,295 shares (Direct, null); Common Shares — 17,505 shares (Direct, null); Common Shares — 1,000 shares (Indirect, By spouse)

Footnotes (1)

On July 1, 2026, certain of the class "C" preferred shares ("PNC Shares") previously reported herein were converted into Common Shares, in connection with the mandatory redemption of 0.0951% of AXIA Energia S.A. (the "Company")'s outstanding PNC Shares announced on June 14, 2026 and pursuant to the terms of the Company's bylaws. Pursuant to Article 11 of the Bylaws of the Company, the 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.

Key Figures

Common Share grant: 5 shares PNC to Common conversion: 5 shares Direct Common Shares after transactions: 17,505 shares +3 more

6 metrics

Common Share grant 5 shares Grant of Common Shares on July 1, 2026

PNC to Common conversion 5 shares Class "C" Preferred (PNC) converted into Common Shares July 1, 2026

Direct Common Shares after transactions 17,505 shares Total direct Common Shares following July 1, 2026 transactions

Direct Class "C" Preferred after transactions 5,295 shares Total direct Class "C" Preferred Shares following July 1, 2026 conversion

Indirect Common Shares by spouse 1,000 shares Indirect Common Shares held by spouse as of July 1, 2026

Mandatory PNC redemption percentage 0.0951% Portion of outstanding PNC Shares mandatorily redeemed

Key Terms

Class "C" Preferred Shares, PNC Shares, mandatory redemption, automatic conversion, +1 more

5 terms

Class "C" Preferred Shares financial

"Class "C" Preferred Shares ("PNC Shares") previously reported herein were converted"

PNC Shares financial

"certain of the class "C" preferred shares ("PNC Shares") previously reported herein"

mandatory redemption financial

"in connection with the mandatory redemption of 0.0951% of AXIA Energia S.A.'s outstanding PNC Shares"

Mandatory redemption is a contract clause that forces an issuer to buy back a security—such as a bond, preferred share, or convertible—under specified conditions or at scheduled times. For investors it matters because it determines when and how they will get their principal or liquidation value returned, affects the timing of income, and can change the total number of outstanding securities, similar to a store being required to repurchase a product on a set schedule.

automatic conversion financial

"the PNC Shares shall be automatically converted into Common Shares"

Bylaws of the Company regulatory

"Pursuant to Article 11 of the Bylaws of the Company, the PNC Shares shall be automatically converted"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 06:28 PM Accepted by SEC EDGAR 07/02/2026 - 06:28 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Corso Matte Ana Silvia

(Last)

(First)

(Middle)

AVENIDA GRACA ARANHA, NO. 26

CENTRO

(Street)

RIO DE JANEIRO

20030-000

(City)

(State)

(Zip)

BRAZIL

(Country)

2. Issuer Name and Ticker or Trading Symbol
AXIA Energia S.A. [ AXIA3 ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol
[AXIA7]

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	07/01/2026		A		5⁽¹⁾	A	$0	17,505	D
Common Shares								1,000	I	By spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class "C" Preferred Shares	⁽²⁾	07/01/2026		C			5⁽¹⁾	⁽²⁾	⁽²⁾	Common Shares	5	$0	5,295	D

Explanation of Responses:

1. On July 1, 2026, certain of the class "C" preferred shares ("PNC Shares") previously reported herein were converted into Common Shares, in connection with the mandatory redemption of 0.0951% of AXIA Energia S.A. (the "Company")'s outstanding PNC Shares announced on June 14, 2026 and pursuant to the terms of the Company's bylaws.

2. Pursuant to Article 11 of the Bylaws of the Company, the 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.

Remarks:

	/s/ Ana Silvia Corso Matte	07/02/2026
	** 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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did AXIA Energia (AXIA) report for Corso Matte Ana Silvia?

AXIA Energia reported that director Corso Matte Ana Silvia received a grant of 5 Common Shares and converted 5 Class "C" Preferred Shares into Common Shares on July 1, 2026. These changes modestly increased her direct Common Share holdings.

How many AXIA Energia (AXIA) Common Shares does the director hold after these transactions?

Following the July 1, 2026 transactions, Corso Matte Ana Silvia directly holds 17,505 Common Shares of AXIA Energia. She also has an indirect position of 1,000 Common Shares held by her spouse, as disclosed in the filing.

What happened to AXIA Energia (AXIA) Class "C" Preferred (PNC) Shares in this Form 4?

On July 1, 2026, 5 of the director’s Class "C" Preferred (PNC) Shares were converted into 5 Common Shares at a 1:1 ratio. After this conversion, she directly holds 5,295 Class "C" Preferred Shares, according to the reported totals.

Why were AXIA Energia (AXIA) PNC Shares converted into Common Shares?

The conversion of 5 PNC Shares into Common Shares occurred in connection with the mandatory redemption of 0.0951% of AXIA Energia’s outstanding PNC Shares announced on June 14, 2026, following the terms set out in the company’s bylaws.

How significant are these AXIA Energia (AXIA) insider transactions in size?

The reported transactions are small in size, involving a grant of 5 Common Shares and conversion of 5 PNC Shares. They mainly reflect routine equity compensation and bylaw-driven preferred share conversion mechanics rather than large open-market buying or selling.