Gisomar Francisco de Bittencourt Marinho, a member of the Fiscal Council of AXIA Energia S.A., filed a Form 4 on November 3, 2026, reporting the conversion of 100 Class "C" Preferred Shares into 100 Common Shares on October 30, 2026, at a price of $0.

Key Highlights

  • Reporting person: Gisomar Francisco de Bittencourt Marinho, identified in the filing as a Member of the Fiscal Council of AXIA Energia S.A.
  • Transaction date: October 30, 2026, involving the conversion (transaction code C) of 100 Class "C" Preferred Shares into 100 Common Shares at $0 per share.
  • Post-transaction Common Share ownership: 5,352 Common Shares held directly, according to the filing.
  • Remaining derivative position: 546 Class "C" Preferred Shares beneficially owned directly following the reported transaction.
  • Conversion context: The filing states the conversion occurred "in connection with the mandatory redemption of 18.54% of AXIA Energia S.A.'s outstanding PNC Shares announced on October 20, 2026 and pursuant to the terms of the Company's bylaws."
  • Issuer and trading symbols: AXIA Energia S.A., listed with ticker AXIA3 and foreign trading symbol AXIA7.

Fiscal Council Member Reports Mandatory PNC Share Conversion at AXIA Energia

According to the Form 4 filed with the U.S. Securities and Exchange Commission, Gisomar Francisco de Bittencourt Marinho reported a transaction involving Class "C" Preferred Shares, referred to in the filing as "PNC Shares," of AXIA Energia S.A. The transaction, dated October 30, 2026, consisted of the conversion of 100 PNC Shares into 100 Common Shares at a price of $0, classified under transaction code C (conversion).

The filing's Explanation of Responses states that the conversion was linked to a mandatory redemption event. Specifically, it notes that "certain of the class 'C' preferred shares previously reported herein were converted into Common Shares, in connection with the mandatory redemption of 18.54% of AXIA Energia S.A.'s outstanding PNC Shares announced on October 20, 2026 and pursuant to the terms of the Company's bylaws." The filing further describes the conversion schedule set out in Article 11 of the company's bylaws: 4% of the total originally-issued PNC Shares are to be converted into Common Shares proportionally among all holders in each of fiscal years 2026, 2027, 2028, 2029, and 2030, with all remaining PNC Shares converting in fiscal year 2031, at a ratio of 1:1.

Following the reported transaction, the filing discloses that de Bittencourt Marinho directly holds 5,352 Common Shares and 546 Class "C" Preferred Shares. The filing was signed by Gisomar Francisco de Bittencourt Marinho on November 2, 2026, and covers a single reporting person. The issuer is identified as AXIA Energia S.A. with ticker symbol AXIA3 and foreign trading symbol AXIA7.

What Was Disclosed

A Fiscal Council member of AXIA Energia S.A. reported the mandatory conversion of 100 Class "C" Preferred Shares into 100 Common Shares on October 30, 2026, at $0, resulting in direct holdings of 5,352 Common Shares and 546 remaining Preferred Shares.