AXIA Energia (AXIA3) director-linked accounts convert preferred into common
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AXIA Energia S.A. director Pedro Batista de Lima Filho reported a series of acquisitions and conversions involving Common Shares linked to managed accounts he is associated with through Radar Gestora de Recursos Ltda. On July 1, 2026, Class "C" preferred shares were converted into Common Shares in connection with a mandatory redemption of 0.0951% of AXIA Energia’s outstanding PNC shares, as previously announced and pursuant to the company’s bylaws. The filing also shows multiple grant or award acquisitions of Common Shares held indirectly through managed accounts such as Maliko, Manuka, Tucurui, Xingo, Radar and Infrad. Filho and these entities state they disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,672 shares exercised/converted
Mixed
13 txns
Insider
Batista de Lima Filho Pedro
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class "C" Preferred Shares | 4,479 | $0.00 | -- |
| Conversion | Class "C" Preferred Shares | 1,528 | $0.00 | -- |
| Conversion | Class "C" Preferred Shares | 58 | $0.00 | -- |
| Conversion | Class "C" Preferred Shares | 77 | $0.00 | -- |
| Conversion | Class "C" Preferred Shares | 1,356 | $0.00 | -- |
| Conversion | Class "C" Preferred Shares | 1,174 | $0.00 | -- |
| Grant/Award | Common Shares | 4,479 | $0.00 | -- |
| Grant/Award | Common Shares | 1,528 | $0.00 | -- |
| Grant/Award | Common Shares | 58 | $0.00 | -- |
| Grant/Award | Common Shares | 77 | $0.00 | -- |
| Grant/Award | Common Shares | 1,356 | $0.00 | -- |
| Grant/Award | Common Shares | 1,174 | $0.00 | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Class "C" Preferred Shares — 4,811,551 shares (Indirect, By managed account);
Common Shares — 14,987,819 shares (Indirect, By managed account);
Common Shares — 51,115 shares (Direct, null)
Footnotes (1)
- On July 1, 2026, certain of the class "C" preferred shares ("PNC Shares") previously reported herein were converted into Common Shares, in connection with the mandatory redemption of 0.0951% of AXIA Energia S.A. (the "Company")'s outstanding PNC shares announced on June 14, 2026 and pursuant to the terms of the Company's bylaws. Pedro Batista de Lima Filho ("Mr. Filho") is a partner at Radar Gestora de Recursos Ltda. ("Radar Gestora"), which is responsible for the portfolio management of MALIKO INVESTMENTS LLC - BANCO BTG PACTUAL S/A ("Maliko") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Maliko. For the purposes of this filing, each of Maliko and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Maliko or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise. Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of MANUKA INVESTMENTS LLC - BANCO BTG PACTUAL S/A ("Manuka") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Manuka. For the purposes of this filing, each of Manuka and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Manuka or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise. Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of TUCURUI MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES ("Tucurui") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Tucurui. For the purposes of this filing, each of Tucurui and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Tucurui or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise. Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of XINGO MASTER FUNDO DE INVESTIMENTO FINANCEIRO DE ACOES ("Xingo") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Xingo. For the purposes of this filing, each of Xingo and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Xingo or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise. Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of RADAR MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES ("Radar") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Radar. For the purposes of this filing, each of Radar and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Radar or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise. Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of INFRAD MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES ("Infrad") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Infrad. For the purposes of this filing, each of Infrad and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Infrad or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise. Pursuant to Article 11 of the Bylaws of the Company, the PNC Shares shall be automatically converted into Common Shares, assuming such PNC Shares are not earlier mandatorily redeemed by the Company in accordance with its Bylaws, at a ratio of 1:1, as follows: 4% of the total volume of originally-issued PNC Shares, allocated proportionally among all holders, in each of the fiscal years 2026, 2027, 2028, 2029 and 2030; and all PNC Shares remaining, in fiscal year 2031.
Key Figures
Preferred shares converted: 8,672 shares
Mandatory redemption fraction: 0.0951%
Direct Common Shares held: 51,115 shares
+3 more
6 metrics
Preferred shares converted
8,672 shares
Class "C" preferred to Common Shares on July 1, 2026
Mandatory redemption fraction
0.0951%
Portion of outstanding PNC shares redeemed and converted
Direct Common Shares held
51,115 shares
Common Shares listed as directly held after transactions
Largest indirect Common position
14,987,819 shares
Common Shares held indirectly by a managed account after acquisition
Automatic annual PNC conversion
4% per year
Of originally issued PNC shares each fiscal year 2026–2030
Final PNC conversion year
2031
All remaining PNC shares convert into Common Shares
Key Terms
mandatory redemption, Class "C" preferred shares, beneficial ownership, pecuniary interest, +2 more
6 terms
mandatory redemption financial
"mandatory redemption of 0.0951% of AXIA Energia S.A.'s outstanding PNC shares"
Mandatory redemption is a contract clause that forces an issuer to buy back a security—such as a bond, preferred share, or convertible—under specified conditions or at scheduled times. For investors it matters because it determines when and how they will get their principal or liquidation value returned, affects the timing of income, and can change the total number of outstanding securities, similar to a store being required to repurchase a product on a set schedule.
beneficial ownership financial
"disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein"
portfolio management financial
"Radar Gestora, which is responsible for the portfolio management of MALIKO INVESTMENTS LLC"
Portfolio management is the process of selecting, organizing, and overseeing a collection of investments to achieve specific financial goals. It involves making decisions about where to put money, balancing risk and reward, and adjusting the mix of investments over time, much like a gardener tending to different plants to ensure a healthy, thriving garden. This helps investors grow their wealth steadily while managing potential losses.
automatic conversion financial
"PNC Shares shall be automatically converted into Common Shares, assuming such PNC Shares are not earlier mandatorily redeemed"
FAQ
What insider activity did AXIA (AXIA3) report in this Form 4?
The Form 4 reports that accounts associated with director Pedro Batista de Lima Filho acquired Common Shares and converted Class "C" preferred shares into Common Shares on July 1, 2026, through grants and mandatory conversions under AXIA Energia’s bylaws and prior redemption announcement.
Which investment vehicles are linked to the AXIA Energia insider positions?
The footnotes identify several vehicles managed by Radar Gestora, including Maliko Investments LLC, Manuka Investments LLC, Tucurui Master, Xingo Master, Radar Master and Infrad Master funds. These entities hold AXIA Energia securities via managed accounts, with beneficial ownership disclaimed except for pecuniary interests.