AXIA Energia director converts 1,227 preferred shares
The reported 147,057 total combines RSUs with common shares; footnotes identify Startours FIA IE and Tuca FIA Responsabilidade Limitada as direct holders.
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Form Type
4
Rhea-AI Filing Summary
AXIA Energia S.A. (AXIAY) director Vicente Falconi Campos reported that 1,227 Class C preferred shares were converted into 1,227 common shares held directly on October 30, 2026. Startours FIA IE reported conversion of 95,738 shares, and Tuca FIA Responsabilidade Limitada reported conversion of 55,992 shares; both entities directly hold the securities. The reported direct position after the transaction was 147,057 RSUs and common shares. The conversions occurred in connection with a mandatory redemption of 18.54% of the company’s outstanding PNC Shares.
Insider Trade Summary
152,957 shares exercised/converted
Exercise
6 txns
Insider
Falconi Campos Vicente
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class "C" Preferred Shares F5, F1 | 1,227 | $0.00 | $0.00 |
| Conversion | Class "C" Preferred Shares F5, F1, F3 | 95,738 | $0.00 | $0.00 |
| Conversion | Class "C" Preferred Shares F5, F1, F4 | 55,992 | $0.00 | $0.00 |
| Grant/Award | Common Shares F1, F2 | 1,227 | $0.00 | $0.00 |
| Grant/Award | Common Shares F1, F3 | 95,738 | $0.00 | $0.00 |
| Grant/Award | Common Shares F1, F4 | 55,992 | $0.00 | $0.00 |
Holdings After Transaction:
Class "C" Preferred Shares — 5,392 contracts (Direct);
Class "C" Preferred Shares — 666,669 contracts (Indirect, See Footnote);
Common Shares — 147,057 shares (Direct);
Common Shares — 2,783,858 shares (Indirect, See Footnote)
Holdings Before and After:
Class "C" Preferred Shares, 6,619 to 5,392 contracts (Direct);
Class "C" Preferred Shares, 818,399 to 666,669 contracts (Indirect, See Footnote);
Common Shares, 145,830 to 147,057 shares (Direct)
Footnotes (5)
- F1. On October 30, 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 18.54% of AXIA Energia S.A. (the "Company")'s outstanding PNC Shares announced on October 20, 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
Direct Class C preferred shares converted: 1,227 shares
Startours FIA IE shares converted: 95,738 shares
Tuca FIA Responsabilidade Limitada shares converted: 55,992 shares
+3 more
6 metrics
Direct Class C preferred shares converted
1,227 shares
October 30, 2026
Startours FIA IE shares converted
95,738 shares
October 30, 2026
Tuca FIA Responsabilidade Limitada shares converted
55,992 shares
October 30, 2026
Direct post-transaction position
147,057 RSUs and common shares
Reported as the sum of RSUs and common shares held by the reporting person
Mandatory redemption
18.54% of outstanding PNC Shares
Announced October 20, 2026
PNC-to-common conversion ratio
1:1
Article 11 of the company’s bylaws
Key Terms
mandatory redemption, PNC Shares, RSUs, pecuniary interest
4 terms
mandatory redemption financial
"mandatory redemption of 18.54% 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
"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.
pecuniary interest financial
"disclaims beneficial ownership except to the extent of his or its pecuniary interest therein"
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