AXIA Energia (AXIA) director logs matched buys and sells, ends with net 500-share purchase
Rhea-AI Filing Summary
AXIA Energia S.A. director Pedro Batista de Lima Filho reported mixed insider activity on August 12, 2026. Managed accounts associated with funds he is linked to purchased 45,500 Class "C" preferred shares (convertible 1:1 into common shares under the bylaws) at a weighted average of about $9.56 per share, while selling 45,000 common shares at a weighted average of about $9.63 per share, for a small net purchase of 500 shares. All trades were executed through investment vehicles managed by Radar Gestora, with Filho and the entities disclaiming beneficial ownership except for any pecuniary interest. Separately, he reports 51,115 common shares held directly after these transactions. Prices reflect weighted averages in Brazilian reals converted to U.S. dollars using a stated 5.1740 BRL per USD rate.
Positive
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Negative
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 45,000 shares
Net Sell
13 txns
Insider
Batista de Lima Filho Pedro
Role
Director
Bought
45,500 shs ($435K)
Sold
45,000 shs ($433K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class "C" Preferred Shares F8, F9, F2 | 19,700 | $9.56 | $188K |
| Purchase | Class "C" Preferred Shares F8, F9, F3 | 10,700 | $9.56 | $102K |
| Purchase | Class "C" Preferred Shares F8, F9, F4 | 2,000 | $9.56 | $19K |
| Purchase | Class "C" Preferred Shares F8, F9, F5 | 1,100 | $9.56 | $11K |
| Purchase | Class "C" Preferred Shares F8, F9, F6 | 5,800 | $9.56 | $55K |
| Purchase | Class "C" Preferred Shares F8, F9, F7 | 6,200 | $9.56 | $59K |
| Sale | Common Shares F1, F2 | 19,500 | $9.63 | $188K |
| Sale | Common Shares F1, F3 | 10,600 | $9.63 | $102K |
| Sale | Common Shares F1, F4 | 2,000 | $9.63 | $19K |
| Sale | Common Shares F1, F5 | 1,100 | $9.63 | $11K |
| Sale | Common Shares F1, F6 | 5,700 | $9.63 | $55K |
| Sale | Common Shares F1, F7 | 6,100 | $9.63 | $59K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Class "C" Preferred Shares — 9,591,128 shares (Indirect, By managed account);
Common Shares — 4,914,784 shares (Indirect, By managed account);
Common Shares — 51,115 shares (Direct)
Footnotes (9)
- F1. The price reported in column 4 is a weighted average price. The reporting person undertakes to provide to AXIA Energia S.A. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price. The weighted average price, $49.85 Brazilian reals ("BRL") per share, has been converted to U.S. dollars ("USD") using the U.S. Department of the Treasury Bureau of the Fiscal Service Treasury Reporting Rates of Exchange as of June 30, 2026 (the most recently published quarterly rate at the time of filing), at a rate of 5.1740 BRL per USD (fiscaldata.treasury.gov). Brokerage commissions and other costs of execution, if any, are excluded from the reported price.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. Pursuant to Article 11 of the Bylaws of the Company, the class "C" preferred shares ("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.
- F9. The price reported in column 4 is a weighted average price. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price. The weighted average price, $49.46 BRL per share, has been converted to USD using the U.S. Department of the Treasury Bureau of the Fiscal Service Treasury Reporting Rates of Exchange as of June 30, 2026 (the most recently published quarterly rate at the time of filing), at a rate of 5.1740 BRL per USD (fiscaldata.treasury.gov). Brokerage commissions and other costs of execution, if any, are excluded from the reported price.
Key Figures
Preferred shares purchased: 45,500 shares
Common shares sold: 45,000 shares
Net shares acquired: 500 shares
+5 more
8 metrics
Preferred shares purchased
45,500 shares
Class "C" preferred shares bought on August 12, 2026 via managed accounts
Common shares sold
45,000 shares
Common shares sold on August 12, 2026 via managed accounts
Net shares acquired
500 shares
Net of reported buys and sells per transaction summary
Weighted avg buy price
$9.5600 per share
Class "C" preferred purchases, price footnote-qualified as BRL 49.46 converted at 5.1740 BRL/USD
Weighted avg sale price
$9.6300 per share
Common share sales, price footnote-qualified as BRL 49.85 converted at 5.1740 BRL/USD
FX rate used
5.1740 BRL per USD
Treasury Reporting Rates of Exchange as of June 30, 2026 for price conversions
Direct common holdings
51,115 shares
Common shares held directly following the reported transactions
Automatic conversion schedule
4% per year 2026–2030; remainder in 2031
Bylaw terms for Class "C" preferred (PNC) automatic conversion into common shares
Key Terms
weighted average price, beneficial ownership, pecuniary interest, Class "C" preferred shares, +2 more
6 terms
weighted average price financial
"The price reported in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership financial
"disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary"
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"
automatically converted financial
"PNC Shares shall be automatically converted into Common Shares, assuming such PNC Shares are not earlier"
Treasury Reporting Rates of Exchange financial
"converted to U.S. dollars using the U.S. Department of the Treasury Bureau of the Fiscal Service Treasury Reporting Rates"
FAQ
What did AXIA (AXIA) director Pedro Batista de Lima Filho trade on August 12, 2026?
On August 12, 2026, managed accounts linked to Pedro Batista de Lima Filho bought 45,500 Class "C" preferred shares and sold 45,000 common shares of AXIA Energia S.A., resulting in a net purchase of 500 shares.
Were the AXIA (AXIA) trades by Pedro Batista de Lima Filho made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as using a trading plan. No footnote states that these August 12, 2026 trades were executed under a Rule 10b5-1 trading arrangement or other pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
