AXIA Energia officer converts 851 preferred to common
AXIA Energia S.A.’s legal vice president reported a bylaw-driven conversion of preferred PNC shares into common stock, leaving his overall equity position essentially unchanged.
Rhea-AI Filing Summary
AXIA Energia S.A. (AXIAY) reported that officer Marcelo de Siqueira Freitas converted 851 Class "C" preferred shares into 851 Common Shares on September 16, 2026, in connection with a mandatory redemption of 19.61% of the company’s outstanding preferred Class C (PNC) shares under its bylaws. After these transactions, he holds 3,489 Class C preferred shares and a total of 36,096 Common Shares including RSUs, all as direct ownership. No Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
851 shares exercised/converted
Exercise
2 txns
Insider
de Siqueira Freitas Marcelo
Role
See Remarks*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class "C" Preferred Shares F3, F1 | 851 | $0.00 | $0.00 |
| Grant/Award | Common Shares F1, F2 | 851 | $0.00 | $0.00 |
Holdings After Transaction:
Class "C" Preferred Shares — 3,489 contracts (Direct);
Common Shares — 36,096 shares (Direct)
Footnotes (3)
- F1. On September 16, 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 19.61% of AXIA Energia S.A. (the "Company")'s outstanding PNC Shares announced on September 3, 2026 and pursuant to the terms of the Company's bylaws.
- F2. Represents the sum of (i) RSUs; and (ii) common shares held by the reporting person.
- F3. 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
PNC shares converted: 851 shares
Common Shares acquired: 851 shares
Preferred PNC shares held after transaction: 3,489 shares
+3 more
6 metrics
PNC shares converted
851 shares
Class "C" preferred PNC shares converted into Common Shares on September 16, 2026
Common Shares acquired
851 shares
Common Shares received from conversion of PNC shares on September 16, 2026
Preferred PNC shares held after transaction
3,489 shares
Class "C" preferred shares directly owned by the reporting person after conversion
Common Shares and RSUs held after transaction
36,096 shares
Total of RSUs plus Common Shares directly held after the September 16, 2026 transactions
Mandatory redemption portion of PNC shares
19.61%
Portion of AXIA Energia S.A.’s outstanding PNC Shares subject to mandatory redemption announced on September 3, 2026
Annual automatic PNC conversion rate
4% per year
Of total originally issued PNC Shares, for fiscal years 2026–2030 under Article 11 of the bylaws
Key Terms
mandatory redemption, PNC Shares, RSUs, Bylaws, +1 more
5 terms
mandatory redemption financial
"in connection with the mandatory redemption of 19.61% 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.
RSUs financial
"Represents the sum of (i) RSUs; and (ii) 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.
Bylaws regulatory
"pursuant to the terms of the Company's bylaws"
Corporate bylaws are a company's internal rulebook that explains how the business is run day to day — who makes decisions, how directors and officers are chosen, how shareholder meetings are conducted, and procedures for changes or conflicts. For investors, bylaws matter because they shape governance and control, influence how quickly and easily leadership or strategy can change, and can protect or limit shareholder rights much like house rules affect how a household operates.
automatic conversion financial
"the PNC Shares shall be automatically converted into Common Shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AXIAY disclose for September 16, 2026?
AXIA Energia S.A. disclosed that officer Marcelo de Siqueira Freitas converted 851 Class "C" preferred PNC shares into 851 Common Shares on September 16, 2026, tied to a mandatory redemption of 19.61% of outstanding PNC shares under the company’s bylaws.
What are Marcelo de Siqueira Freitas’s AXIAY holdings after the reported transactions?
Following the September 16, 2026 transactions, Marcelo de Siqueira Freitas holds 3,489 Class "C" preferred shares and 36,096 Common Shares of AXIA Energia S.A. Common Shares include the sum of RSUs and common shares directly held by him.
Were the AXIAY insider transactions made under a Rule 10b5-1 plan?
No. The filing indicates that no Rule 10b5-1 trading plan applies to these transactions, so the conversion of 851 PNC shares and resulting acquisition of 851 Common Shares were not reported as executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
