AXIA Energia director converts 1,392 preferred shares
The conversion was connected to a mandatory redemption covering 17.38% of AXIA Energia's outstanding PNC Shares.
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Form Type
4
Rhea-AI Filing Summary
AXIA Energia S.A. (AXIAY) director Campos Vicente Falconi reported that Class “C” preferred shares were converted into common shares on October 20, 2026: 1,392 shares held directly, 108,627 held directly by Startours FIA IE and 63,530 held directly by Tuca FIA Responsabilidade Limitada. Falconi is a controlling shareholder in both entities; he and each entity disclaim beneficial ownership except to the extent of his or its pecuniary interest.
The conversion occurred in connection with the mandatory redemption of 17.38% of outstanding PNC Shares announced October 7, 2026. His direct common-share holdings after the transaction were 145,830, a total the filing says includes RSUs and common shares held by him.
Insider Trade Summary
173,549 shares exercised/converted
Exercise
6 txns
Insider
Falconi Campos Vicente
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class "C" Preferred Shares F5, F1 | 1,392 | $0.00 | $0.00 |
| Conversion | Class "C" Preferred Shares F5, F1, F3 | 108,627 | $0.00 | $0.00 |
| Conversion | Class "C" Preferred Shares F5, F1, F4 | 63,530 | $0.00 | $0.00 |
| Grant/Award | Common Shares F1, F2 | 1,392 | $0.00 | $0.00 |
| Grant/Award | Common Shares F1, F3 | 108,627 | $0.00 | $0.00 |
| Grant/Award | Common Shares F1, F4 | 63,530 | $0.00 | $0.00 |
Holdings After Transaction:
Class "C" Preferred Shares — 6,619 contracts (Direct);
Class "C" Preferred Shares — 818,399 contracts (Indirect, See Footnote);
Common Shares — 145,830 shares (Direct);
Common Shares — 2,727,866 shares (Indirect, See Footnote)
Footnotes (5)
- F1. On October 20, 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 17.38% of AXIA Energia S.A. (the "Company")'s outstanding PNC Shares announced on October 7, 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. Vicente Falconi Campos ("Mr. Campos") is a controlling shareholder in STARTOURS FIA IE ("Startours") which directly holds the Common Shares and the PNC Shares of the Company reported in this filing. Mr. Campos may be deemed to indirectly beneficially own these shares by virtue of control over Startours. For the purposes of this filing, each of Startours and Mr. Campos disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Startours or Mr. Campos is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise.
- F4. Mr. Campos is a controlling shareholder in TUCA FIA RESPONSABILIDADE LIMITADA ("Tuca") which directly holds the Common Shares and the PNC Shares of the Company reported in this filing. Mr. Campos may be deemed to indirectly beneficially own these shares by virtue of control over Tuca. For the purposes of this filing, each of Tuca and Mr. Campos disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Tuca or Mr. Campos is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise.
- F5. 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 from direct holdings: 1,392 shares
PNC Shares converted by Startours FIA IE: 108,627 shares
PNC Shares converted by Tuca FIA Responsabilidade Limitada: 63,530 shares
+4 more
7 metrics
PNC Shares converted from direct holdings
1,392 shares
October 20, 2026
PNC Shares converted by Startours FIA IE
108,627 shares
Held directly by Startours; October 20, 2026
PNC Shares converted by Tuca FIA Responsabilidade Limitada
63,530 shares
Held directly by Tuca; October 20, 2026
Direct common-share holdings after transaction
145,830 shares
Includes RSUs and common shares held by the reporting person
Mandatory redemption of outstanding PNC Shares
17.38%
Announced October 7, 2026
Bylaw conversion ratio
1:1
Automatic conversion of PNC Shares into common shares, assuming they are not earlier mandatorily redeemed
Annual bylaw conversion portion
4%
Of originally issued PNC Shares, allocated proportionally among holders in each fiscal year from 2026 through 2030
Key Terms
PNC Shares, mandatory redemption, RSUs, pecuniary interest
4 terms
mandatory redemption financial
"mandatory redemption of 17.38% of the Company'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"
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.
pecuniary interest regulatory
"except to the extent of his or its pecuniary interest therein"
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