Executive at Brazilian Electric Power (NYSE: EBR) receives RSU adjustment

Rhea-AI Filing Summary

Brazilian Electric Power Co executive officer Elio Gil de Meirelles Wolff reported an acquisition of restricted stock units under the company’s share-based compensation program. The filing shows 3,129 restricted stock units credited, bringing his reported holdings to 15,034 units.

Each RSU is economically equivalent to one common share and settles in common shares on a 1:1 basis. The footnotes explain that the RSU amount reflects an adjustment under his award agreement following a bonus stock issuance in December 2025 that created Class “C” preferred shares, with no additional consideration paid by him for this adjustment.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

de Meirelles Wolff Elio Gil

(Last) (First) (Middle)

AVENIDA GRACA ARANHA, NO. 26

CENTRO

(Street)

RIO DE JANEIRO 20030-000

(City) (State) (Zip)

BRAZIL

(Country)

2. Issuer Name and Ticker or Trading Symbol
BRAZILIAN ELECTRIC POWER CO [ AXIA3 ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks*

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Restricted Stock Units	03/20/2026		A		3,129	A	(1)	15,034(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each restricted stock unit ("RSU") is the economic equivalent of one Common Share, is settled in Common Shares on a 1:1 basis, and was issued pursuant to the Eletrobras -Brazilian Electric Power Co.'s (the "Company") restricted share based compensation program. These RSUs are reserved for the executive officers.

2. The number of RSUs reported herein reflects an adjustment made pursuant to the reporting person's RSU award agreement in connection with the bonus stock issuance carried out by the Company in December 2025, which resulted in the creation and issuance of the Class "C" Preferred Shares. No additional consideration was paid by the reporting person in connection with such adjustment.

Remarks:

*Executive Vice-President of Strategy and Business Development

	/s/ Elio Gil de Meirelles Wolff	03/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did EBR report for Elio Gil de Meirelles Wolff?

EBR reported that executive officer Elio Gil de Meirelles Wolff acquired 3,129 restricted stock units. These units are part of the company’s restricted share-based compensation program, increasing his reported RSU holdings to 15,034, all economically equivalent to common shares on a one-for-one basis.

How are the RSUs in this Brazilian Electric Power (EBR) Form 4 structured?

Each restricted stock unit is economically equivalent to one common share and is settled in common shares on a 1:1 basis. The RSUs were issued under Brazilian Electric Power Co’s restricted share-based compensation program and are reserved specifically for executive officers participating in that plan.

Why were Elio Gil de Meirelles Wolff’s RSUs at EBR adjusted?

The RSU number reflects an adjustment under his RSU award agreement connected to a bonus stock issuance completed in December 2025. That corporate action created Class “C” preferred shares, and the adjustment aligned his RSU holdings with that issuance’s impact on the company’s capital structure.

Did the EBR executive pay for the RSU adjustment reported in this Form 4?

According to the filing footnote, no additional consideration was paid by the executive in connection with this RSU adjustment. The change strictly followed the terms of his existing RSU award agreement after the company’s December 2025 bonus stock issuance of Class “C” preferred shares.

What is the total RSU position reported for the EBR executive after this transaction?

After the transaction, the Form 4 reports that the executive directly holds 15,034 restricted stock units. Each unit represents the economic value of one common share and will be settled in common shares on a one-for-one basis under the company’s compensation program.