Juliano de Carvalho Dantas, Executive Vice President of Innovation, R&D, Digital and IT at AXIA Energia S.A. (OTC:AXIAY), filed a Form 4 on November 3, 2026 disclosing a stock option exercise transaction dated October 30, 2026.

Key Highlights

  • Reporting person: Juliano de Carvalho Dantas, Executive Vice President of Innovation, R&D, Digital and IT at AXIA Energia S.A.
  • Transaction: On October 30, 2026, de Carvalho Dantas acquired 35,177 common shares via an option exercise (transaction code M) at an exercise price of R$57.08 per share.
  • Resulting ownership: Following the transaction, the reporting person directly holds 35,177 common shares.
  • Remaining options: After the exercise, 581,088 stock options with an exercise price of R$57.08 remain beneficially owned directly, along with 203,364 stock options at an exercise price of R$42.00.
  • Lock-up condition: According to the filing, upon exercise the reporting person is subject to a lock-up period of 180 calendar days during which the shares may not be sold, transferred, or encumbered.
  • Issuer trading symbols: AXIA Energia S.A. carries ticker AXIA3, with a foreign trading symbol of AXIA7, as listed in the filing.

Option Exercise Details and Program Terms at AXIA Energia S.A.

According to the filing, the stock options exercised by de Carvalho Dantas were issued pursuant to AXIA Energia S.A.'s restricted share-based compensation program, which conditions exercise upon the achievement of certain performance goals set forth in the award agreement, as well as the satisfaction of certain other conditions. The exercise price of R$57.08 per share accrues interest at a rate of 5% per annum from grant date to exercise date and is subject to certain other adjustments, as the filing describes.

The filing further discloses that one-third of the stock options vest three years from the grant date, with the remaining two-thirds vesting on the fourth and fifth anniversaries from the grant date, subject to conditions set forth in the award agreement. The reporting person must exercise vested options within 120 days after each respective maturity period; failing that, the options lapse. AXIA Energia S.A. is a Brazilian energy company headquartered in Rio de Janeiro, and the compensation program described in this filing reflects equity awards denominated in Brazilian reais.

In addition to the R$57.08-priced options, the reporting person continues to hold 203,364 stock options at an exercise price of R$42.00 per share, also accruing interest at 5% per annum from grant date to exercise date and subject to certain other adjustments, according to the filing. All options noted are held directly by the reporting person.

What Was Disclosed

The Form 4 filed on November 3, 2026 by Juliano de Carvalho Dantas reports the exercise of 35,177 stock options on October 30, 2026 at R$57.08 per share, resulting in direct ownership of 35,177 common shares in AXIA Energia S.A., with significant remaining option positions also disclosed.