AXIA Energia American Form 4 Filings

AXIA Energia S.A. director Pedro Batista de Lima Filho reported mixed insider activity on August 12, 2026. Managed accounts associated with funds he is linked to purchased 45,500 Class "C" preferred shares (convertible 1:1 into common shares under the bylaws) at a weighted average of about $9.56 per share, while selling 45,000 common shares at a weighted average of about $9.63 per share, for a small net purchase of 500 shares. All trades were executed through investment vehicles managed by Radar Gestora, with Filho and the entities disclaiming beneficial ownership except for any pecuniary interest. Separately, he reports 51,115 common shares held directly after these transactions. Prices reflect weighted averages in Brazilian reals converted to U.S. dollars using a stated 5.1740 BRL per USD rate.

Corso Matte Ana Silvia, a director of AXIA Energia S.A., purchased 1,100 Common Shares on 2026-08-10 in an open-market or private transaction at approximately $9.86 per share. The reported price reflects BRL 51.02 per share converted to U.S. dollars using a 5.1740 BRL per USD Treasury exchange rate as of June 30, 2026. Following this purchase, the director holds 18,605 shares directly, in addition to 1,000 shares held indirectly by a spouse. The filing does not indicate use of a Rule 10b5-1 trading plan.

AXIA Energia S.A. director Pedro Batista de Lima Filho reported mixed trading on August 7, 2026 through entities managed by Radar Gestora, where he is a partner. Managed accounts collectively sold 165,000 AXIA common share equivalents and purchased 114,000, a net sale of 51,000 shares, at weighted-average prices around $10.25 per share based on BRL prices converted at a BRL 5.1740 per USD rate. The trades include both common shares and Class "C" preferred shares that automatically convert into common shares on a 1:1 basis over 2026–2031, and are reported as indirect holdings for funds such as Maliko, Manuka, Tucurui, Xingo, Radar and Infrad, with Filho and these entities disclaiming beneficial ownership beyond their pecuniary interests. Filho also reports 51,115 AXIA common shares held directly after these transactions.

Director Pedro Batista de Lima Filho of AXIA Energia S.A. reported indirect purchases totaling 209,600 AXIA shares on July 15, 2026 through managed accounts. These include purchases of 95,300 and 104,700 common shares and 4,600 and 5,000 Class "C" preferred shares in open-market or private transactions at weighted-average prices converted from Brazilian reals using a 5.1740 BRL/USD rate. The Class "C" preferred (PNC) shares automatically convert 1:1 into common between fiscal years 2026–2031, with reported indirect positions such as 4,813,851 underlying common shares, and 51,115 common shares held directly, while the reporting person and related entities disclaim beneficial ownership except to the extent of pecuniary interest.

AXIA Energia S.A. director Pedro Batista de Lima Filho reported indirect share sales through managed accounts and updated his holdings.

On July 8, 2026, accounts managed by Radar Gestora de Recursos sold an aggregate 293,200 common shares of AXIA Energia in open-market transactions at a weighted average price of $10.04 per share, equivalent to 52.75 BRL using a 5.2540 BRL per USD exchange rate. Following these trades, reported positions include 51,115 shares held directly and several managed accounts each holding between 368,485 and 14,073,419 shares. Footnotes state that entities such as Maliko, Radar, Manuka, Tucurui, Xingo and Infrad, and Mr. Filho, disclaim beneficial ownership of these securities except to the extent of their pecuniary interest.

AXIA Energia S.A. director Pedro Batista de Lima Filho reported indirect positions and restructuring transactions involving class "C" preferred shares held in managed accounts linked to several Brazilian investment vehicles.

The filing explains that these preferred shares were mandatorily redeemed for cash under the company’s bylaws at a redemption price of 52.00 Brazilian reals per share, converted to U.S. dollars using a 5.2540 BRL per USD exchange rate. The interests are held through funds and LLCs managed by Radar Gestora, where Mr. Filho is a partner, and both he and the related entities expressly disclaim beneficial ownership of the reported securities except for their pecuniary interests.

AXIA Energia S.A. executive de Meirelles Wolff Elio Gil reported an “other” Form 4 transaction involving the company’s Class “C” preferred shares. Three preferred shares were mandatorily redeemed for cash at a redemption price of 52.00 Brazilian reals per share, equivalent to about $9.90 using the stated exchange rate.

These preferred shares, referred to as PNC Shares, are generally structured to convert into common shares on a 1:1 basis over fiscal years 2026 through 2031 unless redeemed earlier under the bylaws. After this small redemption, the reporting person directly holds 3,399 Class “C” preferred shares.

AXIA Energia S.A. officer Limp Nascimento Rodrigo reported a mandatory corporate action involving Class "C" preferred shares. The company mandatorily redeemed 7 PNC Shares for cash under its bylaws, at a redemption price of BRL 52.00 per share, equivalent to about $9.90 using a BRL 5.2540 per USD exchange rate. Following this restructuring transaction, the reporting person now holds 7,909 Class "C" preferred shares.

AXIA Energia S.A. reported that funds managed by Radar Gestora and associated with director Pedro Batista de Lima Filho executed open-market sales of a total of 255,800 common shares on July 3, 2026, in two trades of 61,900 and 193,900 shares.

The sales were made at a weighted average price of 54.55 Brazilian reals (BRL) per share, equivalent to about $10.38 per share using a 5.2540 BRL per USD exchange rate. After these transactions, one managed account held 4,535,519 shares and another held 14,295,619 shares.

Filho also reported 51,115 shares held directly and additional indirect holdings through other Radar Gestora–managed vehicles, while he and the related entities each disclaim beneficial ownership except to the extent of their pecuniary interest.

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.

AXIA Energia S.A. director-related managed accounts reported a mix of open-market buys and sells in common and Class "C" preferred shares on July 1, 2026, resulting in a net sale of 437,400 shares.

The transactions were executed through entities such as Maliko, Manuka, Tucurui, Xingo, Radar and Infrad, all managed by Radar Gestora de Recursos Ltda., where Pedro Batista de Lima Filho is a partner. He and these entities may be deemed to indirectly beneficially own the securities but each disclaims beneficial ownership beyond their pecuniary interest.

Reported U.S. dollar prices reflect weighted-average prices originally in Brazilian reais, converted using a rate of 5.2540 BRL per USD as of March 31, 2026, with brokerage commissions and execution costs excluded.

AXIA Energia S.A. director Pedro Batista de Lima Filho reported a series of acquisitions and conversions involving Common Shares linked to managed accounts he is associated with through Radar Gestora de Recursos Ltda. On July 1, 2026, Class "C" preferred shares were converted into Common Shares in connection with a mandatory redemption of 0.0951% of AXIA Energia’s outstanding PNC shares, as previously announced and pursuant to the company’s bylaws. The filing also shows multiple grant or award acquisitions of Common Shares held indirectly through managed accounts such as Maliko, Manuka, Tucurui, Xingo, Radar and Infrad. Filho and these entities state they disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest.

AXIA Energia S.A. officer Marcelo de Siqueira Freitas reported two equity-related acquisitions. He received 4 Common Shares at no cost as a grant or award, bringing his combined Common Share and RSU position to 38,057 after the transaction. He also converted 4 Class "C" preferred PNC Shares into Common Shares in connection with a mandatory redemption of 0.0951% of the company’s outstanding PNC Shares. The footnotes explain that, under the company’s bylaws, 4% of the originally issued PNC Shares will be automatically converted into Common Shares each fiscal year from 2026 through 2030, with all remaining PNC Shares converting in 2031.

AXIA Energia S.A. officer de Souza Monteiro Ivan reported acquiring additional equity through a share award and a preferred-share conversion. He received 48 Common Shares as a grant at no cost and had 48 Class "C" preferred shares converted into Common Shares under a mandatory redemption of 0.0951% of the company’s outstanding PNC Shares. Following these transactions, he holds 416,125 Common Shares and 50,553 Class "C" preferred shares, with future automatic conversions of PNC Shares scheduled between 2026 and 2031 under the company’s bylaws.

AXIA Energia S.A. director de Bittencourt Marinho Gisomar Francisco reported two equity-acquiring transactions. On July 1, 2026, he received 1 Common Share as a grant or award at a price of $0.00, bringing his direct Common Share holdings to 4,651 shares. On the same date, 1 Class "C" preferred share (PNC Share) was converted into 1 Common Share at a conversion price of $0.00, in connection with the mandatory redemption of 0.0951% of the company’s outstanding PNC Shares under the company’s bylaws. Following this conversion, his direct holdings of Class "C" preferred shares totaled 1,221 shares.

AXIA Energia S.A. director Vicente Falconi Campos reported equity-related transactions involving Common Shares and Class "C" preferred shares (PNC Shares) on July 1, 2026. The filing shows grants or awards of Common Shares and related conversions of PNC Shares into Common Shares at no cash cost.

Indirect holdings through investment funds associated with Mr. Campos received 545, 932 and other Common Shares as compensation-type awards, bringing those indirect Common Share positions to 2,456,832 and 4,200,831 shares. Directly, Mr. Campos received 11 Common Shares, increasing his direct Common Share position to 142,204 shares.

In parallel, 545, 932 and 11 Class "C" preferred PNC Shares were converted into the same number of Common Shares, in line with a mandatory redemption of 0.0951% of AXIA Energia’s outstanding PNC Shares and the bylaws’ 1:1 automatic conversion framework.

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.

AXIA Energia S.A. reported that investment funds associated with director Jose Joao Abdalla Filho converted Class "C" preferred shares into common shares under the company’s bylaws. On July 1, 2026, 20,452 and 3,721 preferred shares were converted into the same number of common shares at a stated price of zero, as part of a mandatory redemption of 0.0951% of outstanding PNC Shares.

After these automatic conversions, indirect holdings reported through the relevant funds include 96,710,152 and 14,893,596 common shares, alongside 21,485,811 and 3,909,902 remaining Class "C" preferred shares. Footnotes note that Banclass FIA and FIA Dinamica Energia directly hold these securities and each, together with Mr. Filho, disclaims beneficial ownership except for pecuniary interest.

AXIA Energia S.A. director Pedro Batista de Lima Filho reported indirect open-market sales of AXIA common shares executed by managed investment accounts on June 29, 2026. Managed accounts sold a total of 478,900 common shares at a weighted average price of about $10.55 per share, based on R$55.43 and an exchange rate of 5.2540 BRL per USD. After these transactions, one managed account held 4,649,910 shares, another held 6,999,089 shares, and Filho also reported 51,115 shares held directly. Footnotes state the accounts are managed by Radar Gestora de Recursos Ltda., and both the entities and Filho disclaim beneficial ownership beyond their pecuniary interests.

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.

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.

AXIA Energia S.A. officer Camila Gualda Sampaio Araujo exercised stock options into 42,905 Common Shares on June 26, 2026 at an exercise price of R$54.18 per share, as part of the company’s share-based compensation program.

Following the exercise, she directly holds 120,182 Common Shares and 542,547 stock options. A separate option grant covers 203,364 underlying Common Shares at an exercise price of R$42.00 per share, subject to vesting, performance conditions, and a 180-day lock-up period after each exercise.

AXIA Energia S.A. officer Costa Santos Carreira Renato exercised stock options to acquire 42,905 Common Shares on June 26, 2026. The options were exercised at an exercise price of R$54.18 per share, as part of the company’s restricted share-based compensation program, and all resulting shares are held directly.

The filing also shows a remaining stock option position linked to 203,364 Common Shares with an exercise price of R$42.00 per share. Footnotes explain that option exercise is subject to performance goals, multi-year vesting, exercise windows of 120 days after maturity, and a 180-day lock-up period after each exercise, during which the acquired shares may not be sold or transferred.

AXIA Energia S.A. officer Limp Nascimento Rodrigo exercised stock options to acquire 49,679 common shares on June 26, 2026. The options carried an exercise price of R$54.18 per share, which accrues interest at 5% per year from grant to exercise, subject to adjustments.

Following the exercise, he directly holds 170,454 common shares, a figure that represents vested RSUs (net of tax), unvested RSUs and common shares. He also retains stock options over 231,094 underlying common shares at an exercise price of R$42.00 per share, which vest over three to five years and must be exercised within 120 days after each maturity period, with a 180‑day post‑exercise lock‑up.

AXIA Energia S.A. executive de Carvalho Freitas Filho Italo Tadeu exercised stock options to acquire 56,453 CommonShares on June 26, 2026 at an exercise price of R$54.18 per share. The options come from the company’s restricted share-based compensation program, with vesting over three to five years and performance conditions.

After the exercise, he holds 56,453 common shares directly and retains stock options linked to 231,094 underlying shares at an exercise price of R$42.00 per share. Vested options must be exercised within 120 days of maturity, and shares received are subject to a 180-day lock-up during which they cannot be sold or transferred.

AXIA Energia S.A. director Pedro Batista de Lima Filho reported that investment vehicles he is associated with completed open-market sales of 460,000 common shares on June 17, 2026 at about $10.16 per share, based on a R$53.40 weighted average price converted at 5.2540 BRL per USD.

The transactions were executed through managed accounts and Brazilian equity funds overseen by Radar Gestora de Recursos Ltda., including entities such as Maliko Investments LLC and several master funds. Filho is a partner of Radar Gestora and receives performance-based compensation, but he and the entities disclaim beneficial ownership except to the extent of their pecuniary interest. After these trades, he reports 51,115 common shares held directly alongside multiple indirect holdings through managed accounts.

AXIA Energia S.A. director Vicente Falconi Campos reported non-market transfers of Class "C" Preferred Shares. He made two bona fide gifts totaling 40,000 shares, giving 10,000 shares on June 15, 2026 and 30,000 shares on June 17, 2026, at a stated price of $0.00 per share.

After the June 15 gift, his directly held Class "C" Preferred Shares were 42,567, and after the June 17 gift they were 12,567. Separate indirect positions remain through investment funds: 573,588 underlying Common Shares via Startours and 980,750 underlying Common Shares via Tuca, with beneficial ownership disclaimed except to the extent of pecuniary interest.

The Class "C" Preferred Shares are automatically convertible into Common Shares on a 1:1 basis over fiscal years 2026–2031, with portions converting each year and the remainder in 2031.

AXIA Energia S.A. director Pedro Batista de Lima Filho reported indirect open-market sales of AXIA common shares on June 15, 2026 through managed accounts he is associated with. The filing shows two sales totaling 597,500 shares at a weighted average price of $10.13 per share. Footnotes explain that the underlying Brazilian price of R$53.20 per share was converted using a 5.2540 BRL/USD exchange rate and that the accounts are managed by Radar Gestora de Recursos Ltda. The filing states that the managed entities and Mr. Filho each disclaim beneficial ownership of these securities except to the extent of their pecuniary interest.

AXIA Energia S.A. director Pedro Batista de Lima Filho reported mixed trades in AXIA common and Class "C" preferred shares mainly through managed accounts. On June 12, 2026, entities associated with him sold a total of 178,900 common shares in open-market transactions and bought 46,300 Class "C" preferred shares, resulting in a net reduction of 132,600 shares. A smaller sale of 500 common shares occurred on June 5, 2026. Footnotes state that the shares are held in investment vehicles managed by Radar Gestora, and both the entities and Mr. Filho disclaim beneficial ownership beyond their economic interest. The Class "C" Preferred Shares automatically convert into common on a 1:1 basis, with 4% of the originally issued volume converting in each of fiscal years 2026 through 2030, and the remainder in 2031, unless earlier redeemed.

AXIA Energia S.A. director-associated managed accounts reported both purchases and sales of the company’s shares. On June 10, 2026, accounts managed by Radar Gestora bought 31,400 Class "C" Preferred Shares at about $9.26 each and sold 30,200 Common Shares at about $9.59 each, resulting in a small net increase in exposure via preferred shares. Following these transactions, the filing shows 51,115 Common Shares held directly, 15,698,540 Common Shares and 4,794,630 Class "C" Preferred Shares held indirectly through managed accounts. Footnotes state that the partner at Radar Gestora and the related entities generally disclaim beneficial ownership except for their pecuniary interest.

AXIA Energia S.A. reported an internal share restructuring involving director Vicente Falconi Campos in connection with the company’s migration to the Novo Mercado segment of B3. On June 5, 2026, each outstanding Class "B1" Preferred Share was mandatorily exchanged for 1.1 Common Shares, with no cash changing hands.

The Form 4 records "J" code transactions showing the disposition of all reported Class "B1" Preferred Shares and the corresponding acquisition of Common Shares through entities associated with Mr. Campos and in his direct holdings. Following the Exchange, he holds 142,193 Common Shares directly, including 40,476 unvested RSUs, and additional Common Shares are held indirectly through investment vehicles he controls, subject to beneficial ownership disclaimers.

AXIA Energia S.A. director Vicente Falconi Campos reported a bona fide gift of 30,000 Class "B1" Preferred Shares on May 22, 2026 at a stated price of R$0.0000 per share, indicating no consideration was received. Following the gift, he directly holds 82,799 Class "B1" Preferred Shares.

Separately, entities he controls hold additional shares: Startours directly holds 3,818,090 Class "B1" Preferred Shares and Tuca directly holds 2,232,989 such shares, which he may be deemed to indirectly beneficially own through his control. Both Startours and Campos disclaim beneficial ownership of these indirectly held securities except to the extent of any pecuniary interest.

AXIA Energia S.A. director Corso Matte Ana Silvia reported a mandatory share conversion tied to the company’s migration to the Novo Mercado listing segment of B3. On June 5, 2026, 3,000 Class “B1” Preferred Shares were disposed of back to the issuer and exchanged for 3,300 Common Shares, with no cash changing hands.

Following the exchange, the reporting person holds 17,500 Common Shares directly and 1,000 Common Shares indirectly through a spouse. The filing reflects a corporate restructuring of share classes rather than an open-market purchase or sale.

AXIA Energia S.A. director Pedro Batista de Lima Filho reported a mandatory share conversion tied to the company’s migration to the Novo Mercado listing segment of B3. On June 5, 2026, each outstanding Class "B1" Preferred Share was exchanged for 1.1 Common Shares, with no cash changing hands.

The filing shows the corresponding disposal of multiple blocks of Class "B1" Preferred Shares and the acquisition of matching blocks of Common Shares in various managed accounts, such as Maliko and Manuka. Following the Exchange, he also reports 51,115 Common Shares held directly. Filho and the managed accounts disclaim beneficial ownership beyond their pecuniary interests.

AXIA Energia S.A. director Corso Matte Ana Silvia reported an open-market purchase of 1,000 common shares, increasing her direct ownership to 14,200 shares. The filing also shows 1,000 shares held indirectly through her spouse. No derivative positions are listed, so her exposure is entirely in common shares.

Entities managed by Radar Gestora and associated with AXIA Energia S.A. director Pedro Batista de Lima Filho reported multiple open-market trades in AXIA Energia securities on June 3, 2026. The managed accounts bought and sold both Common Shares and Class “B1” Preferred Shares, resulting in net selling activity.

Across all reported trades, the managed accounts bought 45,000 shares and sold 400,000 shares, a net sale of 355,000 shares. Reported transaction prices use weighted average prices, stated in Brazilian reals and converted to U.S. dollars at 5.2540 BRL per USD using a U.S. Treasury exchange rate as of March 31, 2026.

After these trades, selected managed accounts held large residual positions, including 14,124,400 Class “B1” Preferred Shares and 799,250 Common Shares. The director is also shown with a direct holding of 51,115 Common Shares. Footnotes state that the entities and Mr. Filho disclaim beneficial ownership beyond their pecuniary interest.

AXIA Energia S.A. director Pedro Batista de Lima Filho reported indirect open-market sales of the company’s shares through managed accounts. On June 1, 2026, four sales totaled 555,300 shares. Two trades in Class "B1" Preferred Shares were for 17,500 and 54,800 shares at $10.72 per share. Two trades in Common Shares were for 116,900 and 366,100 shares at $9.75 per share.

The accounts involved are managed by Radar Gestora de Recursos Ltda., where Mr. Filho is a partner. Footnotes state that entities such as Maliko, Radar, Manuka, Tucurui, Xingo, and Infrad, together with Mr. Filho, disclaim beneficial ownership except to the extent of their pecuniary interest. After these transactions, reported holdings include 14,179,000 Class "B1" Preferred Shares and 390,500 Common Shares in certain managed accounts, plus 51,115 Common Shares held directly.

AXIA Energia S.A. director Pedro Batista de Lima Filho reported mixed trades in AXIA common and preferred shares through multiple managed accounts on May 29, 2026. Accounts managed by Radar Gestora bought 1,448,500 shares and sold 2,462,800, a net sale of 1,014,300 shares overall. Filho holds 51,115 common shares directly, while the managed accounts continue to hold large indirect positions. Footnotes state the accounts and Filho disclaim beneficial ownership except for their pecuniary interest.

AXIA Energia S.A. officer Camila Gualda Sampaio Araujo reported an open-market sale of 5,800 common shares on June 1, 2026. The weighted average price was $9.78 per share, based on a price of 51.38 BRL per share converted at 5.2540 BRL per USD. After this transaction, she directly holds 77,277 common shares of AXIA Energia S.A.

AXIA Energia S.A. director Pedro Batista de Lima Filho filed a Form 4 showing net open-market sales of 504,000 shares of AXIA securities on May 27, 2026 through managed accounts. The transactions include sales of Class “B1” preferred shares at $11.07 per share and common shares at $10.06 per share.

The filing attributes these trades to investment vehicles such as MALIKO INVESTMENTS LLC and several Brazilian funds managed by Radar Gestora de Recursos, where Mr. Filho is a partner and receives performance-based compensation. Footnotes state that both Mr. Filho and the funds disclaim beneficial ownership beyond their economic interest.

After these trades, the managed accounts continue to hold sizeable positions, including 15,127,400 Class “B1” preferred shares and 1,474,400 common shares in certain accounts, plus 51,115 common shares held directly. Reported prices are weighted averages in Brazilian reals (BRL), converted to U.S. dollars using a 5.2540 BRL per USD exchange rate.

Investment vehicles managed by Radar Gestora, with AXIA Energia S.A. director Pedro Batista de Lima Filho as a partner, reported open-market sales of a net 234,300 AXIA shares on Class "B1" Preferred Shares and Common Shares.

The sales were executed at weighted average prices of 54.35 BRL59.77 BRL5.2540 BRL per USD$10.34 and $11.38 per share. Following these trades, individual managed accounts still show substantial positions, including 4,498,777524,546

The footnotes state that entities such as Maliko Investments LLC, Manuka Investments LLC, and several Brazilian investment funds are portfolio-managed by Radar Gestora. Each entity and Mr. Filho disclaim beneficial ownership of the reported securities except to the extent of any pecuniary interest, emphasizing these are transactions by managed accounts rather than personal trades.

AXIA Energia S.A.-related investment vehicles managed by Radar Gestora reported open-market sales of a total of 714,500 shares of AXIA Energia stock on May 22, 2026. The trades involved both Class “B1” preferred and common shares and were executed through managed accounts.

These positions are held by entities such as Maliko, Manuka and several Brazilian investment funds, which are portfolio-managed by Radar Gestora. Director Pedro Batista de Lima Filho, a partner at Radar Gestora, may be deemed to indirectly benefit economically, but both he and the entities disclaim beneficial ownership beyond their pecuniary interest.

AXIA Energia S.A. director Pedro Batista de Lima Filho reported multiple open-market sales in accounts he is associated with through his role at Radar Gestora de Recursos Ltda. On May 20, 2026, managed accounts sold a combined 941,500 shares of AXIA Energia, including Class “B1” preferred and common shares.

Class “B1” preferred share sales included blocks of 10,400, 12,800, 12,900 and 43,700 shares at a reported price of $11.53 per share. Common share sales included blocks of 112,000, 138,700, 139,200 and 471,800 shares at $10.51 per share. Footnotes state these prices reflect weighted averages originally in Brazilian reals and converted to U.S. dollars using a 5.2540 BRL per USD exchange rate as of March 31, 2026.

The filing explains that the shares are held in managed accounts such as Maliko Investments LLC and several Brazilian investment funds overseen by Radar Gestora. Filho is a partner of Radar Gestora and receives performance-based compensation, and he and the related entities disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest.

AXIA Energia S.A. director Pedro Batista de Lima Filho reported multiple portfolio trades in AXIA shares by Brazilian investment vehicles he is associated with. On May 18, 2026, managed accounts executed open‑market purchases and sales of Class "B1" Preferred Shares, Common Shares, and Class "C" Preferred Shares, resulting in a net sale of 701,600 shares across the reported transactions.

The filing shows 6 open‑market purchases and 10 open‑market sales, with example prices of $11.38 per Class "B1" Preferred Share, $10.35 and $10.34 per Common Share, and $9.98 per Class "C" Preferred Share. Footnotes state these are weighted average prices in Brazilian reais, converted to U.S. dollars using a 5.2540 BRL per USD rate.

Filho is a partner at Radar Gestora de Recursos Ltda., which manages entities including Maliko, Manuka, Radar, Infrad, Tucurui, and Xingo. The filing explains that these entities and Filho may be deemed to indirectly beneficially own the reported securities, but each disclaims beneficial ownership except to the extent of pecuniary interest. The report also notes remaining indirect holdings of Class "C" Preferred Shares that are automatically convertible into Common Shares at a 1:1 ratio under the company’s bylaws.

AXIA Energia S.A. director-associated investment vehicles managed by Radar Gestora de Recursos reported net open-market sales of 861,500 shares of AXIA Energia securities on May 15, 2026. The trades involved both Class “B1” preferred shares and common shares, executed at reported weighted average prices in Brazilian reals converted into U.S. dollars.

These positions are held in managed accounts such as Maliko, Manuka, Radar, Infrad, Tucurui and Xingo, where Pedro Batista de Lima Filho is a partner of Radar Gestora and receives performance-based compensation. The filing states that both the vehicles and Mr. Filho disclaim beneficial ownership of the reported securities except to the extent of any pecuniary interest.

AXIA Energia S.A. director Pedro Batista de Lima Filho reported open-market sales of AXIA shares executed through managed accounts on May 13, 2026. Accounts managed by Radar Gestora de Recursos sold a total of 666,300 shares, including Class "B1" preferred and common shares, in multiple transactions.

The non-derivative sales were reported at prices of $11.72 per Class "B1" Preferred Share and $10.62 per Common Share, with related footnotes also disclosing weighted average prices in Brazilian reals. These holdings are indirect, and both the accounts and Mr. Filho disclaim beneficial ownership except for any pecuniary interest.

AXIA Energia S.A. director Pedro Batista de Lima Filho reported open-market sales of a combined 646,900 shares of AXIA securities on managed accounts associated with him. The sales included both Class "B1" preferred shares and common shares.

The Class "B1" preferred sales were executed at about $11.96 per share, while common share sales were at about $10.91 per share. After these transactions, the filing shows that various managed accounts and direct holdings continue to own multiple blocks of AXIA common and preferred shares, with beneficial ownership disclaimed except for Filho’s pecuniary interest.

AXIA Energia S.A. director Pedro Batista de Lima Filho reported multiple open‑market purchases and sales of Common, Class "B1" Preferred, and Class "C" Preferred Shares on May 8, 2026, executed through various managed accounts. Across all trades, the accounts bought 4,144,000 shares and sold 4,426,200 shares, a net sale of 282,200 shares. Reported prices included about $11.18 per Common Share and $12.29 per Class "B1" Preferred Share. Filho directly holds 51,115 Common Shares, while the indirect positions are managed by entities such as Maliko, Manuka, Tucurui, Xingo, Radar and Infrad, with both those entities and Filho disclaiming beneficial ownership beyond their pecuniary interest. The Class "C" Preferred Shares are automatically convertible into Common Shares on a 1:1 basis in stages from fiscal year 2026 through 2031.

AXIA Energia S.A. director Corso Matte Ana Silvia reported open-market purchases of 2,000 common shares. On May 8, 2026, 1,000 shares were bought indirectly through a spouse at about $11.20 per share and 1,000 shares were bought directly at about $11.19 per share.

The filing shows 1,000 common shares held indirectly by spouse and 13,200 common shares held directly following these transactions. The reported U.S. dollar prices reflect conversion from Brazilian real purchase prices of $58.83 and $58.80 per share using a 5.2540 BRL per USD exchange rate.