AXIA Energia CEO Ivan de Souza Monteiro Reports Mandatory Conversion of Preferred Shares

AXIA Energia S.A. (AXIA3) CEO Ivan de Souza Monteiro filed a Form 4 on July 2, 2026, reporting a mandatory conversion of Class "C" Preferred Shares (PNC Shares) into Common Shares that occurred on July 1, 2026. The transaction involved the conversion of 48 PNC Shares into 48 Common Shares at a 1:1 ratio, resulting from the mandatory redemption of 0.0951% of the company's outstanding PNC Shares announced on June 14, 2026. Following this conversion, Monteiro now holds 50553 PNC Shares and 416125 Common Shares. The conversion was executed pursuant to Article 11 of the company's bylaws, which mandates automatic conversion of PNC Shares over a phased schedule from 2026 to 2031. This filing represents a routine corporate action related to the company's capital structure rather than a discretionary transaction by the officer.