AXIA Energia (AXIA) director net-sells 51K shares via managed accounts
Rhea-AI Filing Summary
AXIA Energia S.A. director Pedro Batista de Lima Filho reported mixed trading on August 7, 2026 through entities managed by Radar Gestora, where he is a partner. Managed accounts collectively sold 165,000 AXIA common share equivalents and purchased 114,000, a net sale of 51,000 shares, at weighted-average prices around $10.25 per share based on BRL prices converted at a BRL 5.1740 per USD rate. The trades include both common shares and Class "C" preferred shares that automatically convert into common shares on a 1:1 basis over 2026–2031, and are reported as indirect holdings for funds such as Maliko, Manuka, Tucurui, Xingo, Radar and Infrad, with Filho and these entities disclaiming beneficial ownership beyond their pecuniary interests. Filho also reports 51,115 AXIA common shares held directly after these transactions.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 51,000 shares
Net Sell
14 txns
Insider
Batista de Lima Filho Pedro
Role
Director
Bought
114,000 shs ($1.17M)
Sold
165,000 shs ($1.69M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class "C" Preferred Shares F10, F11, F2 | 28,800 | $10.24 | $295K |
| Purchase | Class "C" Preferred Shares F10, F12, F7 | 28,800 | $10.24 | $295K |
| Sale | Common Shares F1, F2 | 107,300 | $10.26 | $1.10M |
| Sale | Common Shares F3, F4 | 13,500 | $10.30 | $139K |
| Sale | Common Shares F3, F5 | 900 | $10.30 | $9K |
| Sale | Common Shares F3, F6 | 1,100 | $10.30 | $11K |
| Sale | Common Shares F3, F7 | 6,400 | $10.30 | $66K |
| Sale | Common Shares F3, F8 | 7,000 | $10.30 | $72K |
| Purchase | Common Shares F9, F7 | 85,200 | $10.25 | $873K |
| holding | Class "C" Preferred Shares F10, F4 | -- | -- | -- |
| holding | Class "C" Preferred Shares F10, F5 | -- | -- | -- |
| holding | Class "C" Preferred Shares F10, F6 | -- | -- | -- |
| holding | Class "C" Preferred Shares F10, F8 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Class "C" Preferred Shares — 9,545,628 shares (Indirect, By managed account);
Common Shares — 4,543,319 shares (Indirect, By managed account);
Common Shares — 51,115 shares (Direct)
Footnotes (12)
- 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, $53.10 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. 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 sold at each separate price. The weighted average price, $53.28 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
- 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, $53.05 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.
- F10. 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.
- F11. 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 sold at each separate price. The weighted average price, $53.00 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.
- F12. 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, $53.00 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
Shares sold (all transactions): 165,000 shares
Shares purchased (all transactions): 114,000 shares
Net shares sold: 51,000 shares
+4 more
7 metrics
Shares sold (all transactions)
165,000 shares
Total AXIA common share equivalents sold on August 7, 2026
Shares purchased (all transactions)
114,000 shares
Total AXIA common share equivalents bought on August 7, 2026
Net shares sold
51,000 shares
Net of all reported AXIA purchases and sales on August 7, 2026
Sample sale price
$10.26 per share
Weighted-average price for a common-share sale leg, converted from BRL 53.10 at 5.1740 BRL/USD
Direct common share holdings
51,115 shares
AXIA common shares held directly by the reporting person after transactions
Largest indirect convertible block
1,669,738 underlying shares
Common shares underlying Class "C" preferred held indirectly via managed account
Exchange rate used
5.1740 BRL per USD
Treasury reporting rate used to convert BRL share prices to U.S. dollars
Key Terms
weighted average price, pecuniary interest, automatically converted, performance-based compensation, +1 more
5 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.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest"
automatically converted financial
"class "C" preferred shares shall be automatically converted into Common Shares"
performance-based compensation financial
"receives a performance-based compensation in his capacity as a partner of Radar Gestora"
Pay that rises or falls with measurable results, where employees or executives receive bonuses, stock, or other rewards only if specific performance goals are met. Investors care because it aligns the interests of managers with owners—like paying a driver by miles driven rather than time—so it can encourage stronger company results, affect future earnings and risk-taking, and signal confidence (or potential incentives for short-term decisions).
Treasury Reporting Rates of Exchange financial
"using the U.S. Department of the Treasury Bureau of the Fiscal Service Treasury Reporting Rates of Exchange"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did AXIA (AXIA) director Pedro Batista de Lima Filho report in this Form 4?
The Form 4 reports that entities managed by Radar Gestora associated with Pedro Batista de Lima Filho traded AXIA common and Class "C" preferred shares on August 7, 2026, with both purchases and sales disclosed as indirect holdings.
Does the AXIA (AXIA) Form 4 attribute full beneficial ownership to the director?
No. The filing states that the managed entities and Pedro Batista de Lima Filho disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interests, reflecting portfolio management by Radar Gestora.