What is the size of the AXIA Class "C" Preferred Share position after the trades?

The filing shows 4,794,630 Class "C" Preferred Shares held indirectly through managed accounts after the reported transactions. Footnotes explain these preferred shares automatically convert into Common Shares on a 1:1 basis over fiscal years 2026 to 2031 under the company’s bylaws.

What prices were used for the AXIA share sales and purchases in this Form 4?

Common Share sales were reported at about $9.59 per share , and Class "C" Preferred Share purchases at about $9.26 per share . Footnotes note these are weighted average prices converted from Brazilian reais using a 5.2540 BRL per USD exchange rate.

AXIA Energia (AXIA3) director-linked managed accounts buy and sell shares

Q: How many AXIA common shares does the reporting structure hold after these trades?

After the June 10, 2026 trades, the filing shows 51,115 Common Shares held directly and 15,698,540 Common Shares held indirectly through managed accounts. These indirect positions are associated with funds managed by Radar Gestora rather than the individual alone.

Q: Are the AXIA trades attributed personally to Pedro Batista de Lima Filho?

The transactions involve accounts managed by Radar Gestora , where Pedro Batista de Lima Filho is a partner. Footnotes state Manuka, Tucurui, Xingo, Radar, Infrad, Maliko and Mr. Filho disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

AXIA Energia S.A. director-associated managed accounts reported both purchases and sales of the company’s shares. On June 10, 2026, accounts managed by Radar Gestora bought 31,400 Class "C" Preferred Shares at about $9.26 each and sold 30,200 Common Shares at about $9.59 each, resulting in a small net increase in exposure via preferred shares. Following these transactions, the filing shows 51,115 Common Shares held directly, 15,698,540 Common Shares and 4,794,630 Class "C" Preferred Shares held indirectly through managed accounts. Footnotes state that the partner at Radar Gestora and the related entities generally disclaim beneficial ownership except for their pecuniary interest.

Insider Trade Summary

Net Buyer: 1,200 shares ($290,764)

Net Buy 13 txns

Insider Batista de Lima Filho Pedro

Role null

Bought 31,400 shs ($291K)

Sold 30,200 shs ($290K)

Type	Security	Shares	Price	Value
Purchase	Class "C" Preferred Shares	6,900	$9.26	$64K
Purchase	Class "C" Preferred Shares	300	$9.26	$3K
Purchase	Class "C" Preferred Shares	400	$9.26	$4K
Purchase	Class "C" Preferred Shares	19,100	$9.26	$177K
Purchase	Class "C" Preferred Shares	4,700	$9.26	$44K
Sale	Common Shares	6,600	$9.59	$63K
Sale	Common Shares	300	$9.59	$3K
Sale	Common Shares	400	$9.59	$4K
Sale	Common Shares	18,400	$9.59	$176K
Sale	Common Shares	4,500	$9.59	$43K
holding	Class "C" Preferred Shares	--	--	--
holding	Common Shares	--	--	--
holding	Common Shares	--	--	--

Holdings After Transaction: Class "C" Preferred Shares — 1,703,066 shares (Indirect, By managed account); Common Shares — 7,356,790 shares (Indirect, By managed account); Common Shares — 51,115 shares (Direct, null)

Footnotes (1)

The price reported in column 4 is a weighted average price. The reporting person undertakes to provide to AXIA Energia S.A. ("AXIA"), any security holder of AXIA, 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, $50.38 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 March 31, 2026 (the most recently published quarterly rate, applicable to transactions through June 30, 2026), at a rate of 5.2540 BRL per USD (fiscaldata.treasury.gov). Brokerage commissions and other costs of execution, if any, are excluded from the reported price. 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 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 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 TUCURUI MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES ("Tucurui") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. 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. 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. Mr. Filho is a partner at 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 Exchange Act, or otherwise. Pursuant to Article 11 of the Bylaws of the Company, the Class "C" Preferred Shares shall be automatically converted into Common Shares, assuming such Class "C" Preferred 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 Class "C" Preferred Shares, allocated proportionally among all holders, in each of the fiscal years 2026, 2027, 2028, 2029 and 2030; and all Class "C" Preferred Shares remaining, in fiscal year 2031. The price reported in column 4 is a weighted average price. The reporting person undertakes to provide to AXIA, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price. The weighted average price, $48.63 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 March 31, 2026 (the most recently published quarterly rate, applicable to transactions through June 30, 2026), at a rate of 5.2540 BRL per USD (fiscaldata.treasury.gov). Brokerage commissions and other costs of execution, if any, are excluded from the reported price.

Key Figures

Common shares sold: 30,200 shares at $9.59 Preferred shares bought: 31,400 Class "C" shares at $9.26 Net share change: 1,200 shares (net buy) +5 more

8 metrics

Common shares sold 30,200 shares at $9.59 Open-market sales on June 10, 2026 by managed accounts

Preferred shares bought 31,400 Class "C" shares at $9.26 Open-market purchases on June 10, 2026 by managed accounts

Net share change 1,200 shares (net buy) Difference between total bought and sold shares in filing

Direct common holdings 51,115 shares Common Shares held directly after transactions

Indirect common holdings 15,698,540 shares Common Shares held indirectly via managed accounts

Indirect preferred holdings 4,794,630 Class "C" shares Preferred Shares held indirectly via managed accounts

Exchange rate 5.2540 BRL per USD Rate used to convert weighted average prices to USD

Weighted average BRL sale price 50.38 BRL per share Average price for reported Common Share sales

Key Terms

weighted average price, performance-based compensation, beneficial ownership, pecuniary interest, +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.

performance-based compensation financial

"and receives a performance-based compensation in his capacity as a partner"

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).

beneficial ownership financial

"disclaims beneficial ownership of the reported securities except to the extent"

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

"except to the extent of his or its pecuniary interest therein."

Class "C" Preferred Shares financial

"the Class "C" Preferred Shares shall be automatically converted into Common Shares"

automatic conversion financial

"shall be automatically converted into Common Shares, assuming such Class "C" Preferred Shares"

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Form 4 Insider Transactions: What Each Field Means →

06/12/2026 - 06:26 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Batista de Lima Filho Pedro

(Last)

(First)

(Middle)

AVENIDA GRACA ARANHA, NO. 26

CENTRO

(Street)

RIO DE JANEIRO

20030-000

(City)

(State)

(Zip)

BRAZIL

(Country)

2. Issuer Name and Ticker or Trading Symbol
AXIA Energia S.A. [ AXIA3 ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol
[AXIA7]

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	06/10/2026		S		6,600	D	$9.59⁽¹⁾	7,356,790	I	By managed account⁽²⁾
Common Shares	06/10/2026		S		300	D	$9.59⁽¹⁾	367,727	I	By managed account⁽³⁾
Common Shares	06/10/2026		S		400	D	$9.59⁽¹⁾	483,832	I	By managed account⁽⁴⁾
Common Shares	06/10/2026		S		18,400	D	$9.59⁽¹⁾	4,900,763	I	By managed account⁽⁵⁾
Common Shares	06/10/2026		S		4,500	D	$9.59⁽¹⁾	5,020,510	I	By managed account⁽⁶⁾
Common Shares								15,698,540	I	By managed account⁽⁷⁾
Common Shares								51,115	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class "C" Preferred Shares	⁽⁸⁾	06/10/2026		P		6,900		⁽⁸⁾	⁽⁸⁾	Common Shares	6,900	$9.26⁽⁹⁾	1,703,066	I	By managed account⁽²⁾
Class "C" Preferred Shares	⁽⁸⁾	06/10/2026		P		300		⁽⁸⁾	⁽⁸⁾	Common Shares	300	$9.26⁽⁹⁾	61,698	I	By managed account⁽³⁾
Class "C" Preferred Shares	⁽⁸⁾	06/10/2026		P		400		⁽⁸⁾	⁽⁸⁾	Common Shares	400	$9.26⁽⁹⁾	81,086	I	By managed account⁽⁴⁾
Class "C" Preferred Shares	⁽⁸⁾	06/10/2026		P		19,100		⁽⁸⁾	⁽⁸⁾	Common Shares	19,100	$9.26⁽⁹⁾	1,524,708	I	By managed account⁽⁵⁾
Class "C" Preferred Shares	⁽⁸⁾	06/10/2026		P		4,700		⁽⁸⁾	⁽⁸⁾	Common Shares	4,700	$9.26⁽⁹⁾	1,333,612	I	By managed account⁽⁶⁾
Class "C" Preferred Shares	⁽⁸⁾							⁽⁸⁾	⁽⁸⁾	Common Shares	4,794,630		4,794,630	I	By managed account⁽⁷⁾

Explanation of Responses:

1. The price reported in column 4 is a weighted average price. The reporting person undertakes to provide to AXIA Energia S.A. ("AXIA"), any security holder of AXIA, 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, $50.38 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 March 31, 2026 (the most recently published quarterly rate, applicable to transactions through June 30, 2026), at a rate of 5.2540 BRL per USD (fiscaldata.treasury.gov). Brokerage commissions and other costs of execution, if any, are excluded from the reported price.

2. 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 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 Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise.

3. 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. 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.

4. 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. 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.

5. 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.

6. 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.

7. Mr. Filho is a partner at 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 Exchange Act, or otherwise.

8. Pursuant to Article 11 of the Bylaws of the Company, the Class "C" Preferred Shares shall be automatically converted into Common Shares, assuming such Class "C" Preferred 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 Class "C" Preferred Shares, allocated proportionally among all holders, in each of the fiscal years 2026, 2027, 2028, 2029 and 2030; and all Class "C" Preferred Shares remaining, in fiscal year 2031.

9. The price reported in column 4 is a weighted average price. The reporting person undertakes to provide to AXIA, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price. The weighted average price, $48.63 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 March 31, 2026 (the most recently published quarterly rate, applicable to transactions through June 30, 2026), at a rate of 5.2540 BRL per USD (fiscaldata.treasury.gov). Brokerage commissions and other costs of execution, if any, are excluded from the reported price.

Remarks:

	/s/ Pedro Batista de Lima Filho	06/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider trades did AXIA (AXIA3) report for June 10, 2026?

AXIA reported managed accounts linked to a director partner bought 31,400 Class "C" Preferred Shares at about $9.26 and sold 30,200 Common Shares at about $9.59. Overall, this produced a small net increase in exposure via preferred shares.

How many AXIA common shares does the reporting structure hold after these trades?

After the June 10, 2026 trades, the filing shows 51,115 Common Shares held directly and 15,698,540 Common Shares held indirectly through managed accounts. These indirect positions are associated with funds managed by Radar Gestora rather than the individual alone.

Are the AXIA trades attributed personally to Pedro Batista de Lima Filho?

The transactions involve accounts managed by Radar Gestora, where Pedro Batista de Lima Filho is a partner. Footnotes state Manuka, Tucurui, Xingo, Radar, Infrad, Maliko and Mr. Filho disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest.

How do AXIA’s Class "C" Preferred Shares convert into Common Shares?

Footnotes explain Class "C" Preferred Shares automatically convert to Common Shares at a 1:1 ratio. Conversion occurs 4% of the originally issued volume each fiscal year from 2026 to 2030, with all remaining shares converting in 2031, unless earlier redeemed under the bylaws.