Rodrigo Limp Nascimento, Executive Vice-President of Regulation, Institutional, Market Regulation and Corporate Relations at AXIA Energia S.A., filed a Form 4 on October 26, 2026, reporting the mandatory cash redemption of 877 Class "C" Preferred Shares and a resulting beneficial ownership of 4,170 Common Shares.

Key Highlights

  • Transaction date: October 26, 2026, with transaction code J (derivative security disposition).
  • Securities redeemed: 877 Class "C" Preferred Shares (PNC Shares) mandatorily redeemed for cash by AXIA Energia S.A. in accordance with its Bylaws.
  • Redemption price: $11.43 USD per share, converted from BRL 59.48 per share at a rate of 5.2050 BRL per USD as of September 30, 2026.
  • Underlying common shares: 877 Common Shares were the securities underlying the redeemed derivative.
  • Remaining beneficial ownership: 4,170 Common Shares held directly following the reported transaction.
  • Reporting person's role: Officer, specifically Executive Vice-President of Regulation, Institutional, Market Regulation and Corporate Relations.

Mandatory Redemption of PNC Shares by AXIA Energia S.A. Under Bylaw Article 11

According to the filing, Rodrigo Limp Nascimento reported that 877 Class "C" Preferred Shares held by him were mandatorily redeemed for cash by AXIA Energia S.A. on October 26, 2026. The filing identifies the transaction code as J, applied in Table II covering derivative securities. The issuer is AXIA Energia S.A., listed under ticker symbol AXIA3, with a foreign trading symbol of AXIA7.

The filing explains the redemption mechanism under Article 11 of the company's Bylaws: PNC Shares convert automatically into Common Shares at a 1:1 ratio, with 4% of the total originally issued PNC Shares allocated proportionally among all holders in each of fiscal years 2026 through 2030, and all remaining PNC Shares converting in fiscal year 2031 - unless mandatorily redeemed earlier by the company. According to the filing, the PNC Shares reported were mandatorily redeemed for cash rather than converted.

The redemption price was reported as $11.43 USD per share, calculated from BRL 59.48 per share using the U.S. Department of the Treasury Bureau of the Fiscal Service Treasury Reporting Rates of Exchange as of September 30, 2026, at a conversion rate of 5.2050 BRL per USD. The filing notes that brokerage commissions and other costs of execution, if any, are excluded from the reported price. Following the transaction, the filing discloses that Limp Nascimento directly beneficially owned 4,170 Common Shares.

What Was Disclosed

The filing disclosed the mandatory cash redemption of 877 Class "C" Preferred Shares held by Rodrigo Limp Nascimento at AXIA Energia S.A. on October 26, 2026, at a USD-converted price of $11.43 per share, leaving him with 4,170 Common Shares directly owned.