AXIA Energia (BVMF: AXIA3) officer exercises options and holds 47,421 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AXIA Energia S.A. officer Varejão Godoy Antonio exercised stock options to acquire 47,421 Common Shares on June 26, 2026. These shares were obtained by exercising options at an exercise price of R$54.18 per share, which accrues interest at 5% per annum from grant to exercise.
After this transaction, he directly holds 47,421 Common Shares. He also retains stock options linked to 231,094 Common Shares with an exercise price of R$42.00 per share, also accruing 5% annual interest. The options were granted under AXIA Energia’s restricted share-based compensation program, with vesting over the 3rd, 4th, and 5th anniversaries from grant.
Vested options must be exercised within 120 days after each maturity period or they lapse. Once exercised, the resulting shares are subject to a 180-day lock-up period during which they cannot be sold, transferred, or encumbered.
Positive
- None.
Negative
- None.
Insider Trade Summary
47,421 shares exercised/converted
Mixed
3 txns
Insider
Varejao Godoy Antonio
Role
See Remarks*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 47,421 | $0.00 | -- |
| Exercise | Common Shares | 47,421 | $54.18 | $2.57M |
| holding | Stock Options | -- | -- | -- |
Holdings After Transaction:
Stock Options — 599,657 shares (Direct, null);
Common Shares — 47,421 shares (Direct, null)
Footnotes (1)
- 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. 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. 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. 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. 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: 47,421 shares
Exercise price (exercised options): R$54.18 per share
Shares held after exercise: 47,421 Common Shares
+5 more
8 metrics
Options exercised
47,421 shares
Common Shares acquired via option exercise on June 26, 2026
Exercise price (exercised options)
R$54.18 per share
Options exercised to acquire 47,421 Common Shares
Shares held after exercise
47,421 Common Shares
Direct ownership following derivative exercise
Remaining option underlying shares
231,094 shares
Underlying Common Shares for remaining stock options
Exercise price (remaining options)
R$42.00 per share
Stock options outstanding, accrues 5% annual interest
Interest rate on exercise price
5% per annum
Applied from grant date to exercise date for options
Exercise window
120 days
Period after each maturity during which options must be exercised
Post-exercise lock-up
180 days
Shares from exercised options cannot be sold or transferred
Key Terms
Stock Options, restricted share based compensation program, vesting, 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.
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.
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.
exercise price financial
"The exercise price is R$54.18 per share accrues interest at a rate of 5% per annum."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did AXIA (AXIA3) insider Varejão Godoy Antonio do in this Form 4?
He exercised stock options to acquire 47,421 Common Shares of AXIA Energia S.A. on June 26, 2026. This is a compensation-related derivative exercise, not an open-market purchase or sale, and increases his directly held share position.
At what price were the AXIA (AXIA3) stock options exercised?
The exercised stock options carry an exercise price of R$54.18 per share. This price accrues interest at 5% per annum from the grant date to the exercise date, as specified in the award’s terms and related footnotes.
What stock options does the AXIA (AXIA3) insider still retain?
He retains stock options linked to 231,094 underlying Common Shares with an exercise price of R$42.00 per share. These options are part of AXIA Energia’s restricted share-based compensation program and continue to represent a significant derivative position.
How do AXIA (AXIA3) stock options vest for this insider?
According to the filing, 1/3 of the stock options vest three years from the grant date. The remaining portions vest on the fourth and fifth anniversaries, subject to performance goals and other conditions set in the award agreement.
What are the exercise and lock-up rules on AXIA (AXIA3) options?
Vested options must be exercised within 120 days after each maturity period or they lapse. After exercise, the resulting shares are subject to a 180-day lock-up period, during which they cannot be sold, transferred, or encumbered by the reporting person.