AXIA Energia S.A. (AXIA3) director reports 209,600-share fund buy and convertible stakes
Rhea-AI Filing Summary
Director Pedro Batista de Lima Filho of AXIA Energia S.A. reported indirect purchases totaling 209,600 AXIA shares on July 15, 2026 through managed accounts. These include purchases of 95,300 and 104,700 common shares and 4,600 and 5,000 Class "C" preferred shares in open-market or private transactions at weighted-average prices converted from Brazilian reals using a 5.1740 BRL/USD rate. The Class "C" preferred (PNC) shares automatically convert 1:1 into common between fiscal years 2026–2031, with reported indirect positions such as 4,813,851 underlying common shares, and 51,115 common shares held directly, while the reporting person and related entities disclaim beneficial ownership except to the extent of pecuniary interest.
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Insights
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Insider Trade Summary
Net Buyer: 200,000 shares
Net Buy
13 txns
Insider
Batista de Lima Filho Pedro
Role
Director
Bought
209,600 shs ($2.02M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class "C" Preferred Shares F8, F9, F2 | 4,600 | $9.43 | $43K |
| Purchase | Class "C" Preferred Shares F8, F9, F3 | 5,000 | $9.43 | $47K |
| Purchase | Common Shares F1, F2 | 95,300 | $9.67 | $922K |
| Purchase | Common Shares F1, F3 | 104,700 | $9.67 | $1.01M |
| holding | Class "C" Preferred Shares F8, F4 | -- | -- | -- |
| holding | Class "C" Preferred Shares F8, F5 | -- | -- | -- |
| holding | Class "C" Preferred Shares F8, F6 | -- | -- | -- |
| holding | Class "C" Preferred Shares F8, F7 | -- | -- | -- |
| holding | Common Shares F4 | -- | -- | -- |
| holding | Common Shares F5 | -- | -- | -- |
| holding | Common Shares F6 | -- | -- | -- |
| holding | Common Shares F7 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Class "C" Preferred Shares — 9,545,628 shares (Indirect, By managed account);
Common Shares — 24,319,116 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. ("AXIA"), any security holder of AXIA, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. The weighted average price, $50.08 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 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.
- F3. 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.
- F4. 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 Securities Exchange Act of 1934, as amended (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. 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.
- F9. The price reported in column 8 is a weighted average price. The reporting person undertakes to provide to AXIA, any security holder of AXIA, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. The weighted average price, $48.83 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
Total shares purchased: 209600 shares
Common shares purchased (Manuka account): 95300 shares
Common shares purchased (Infrad account): 104700 shares
+5 more
8 metrics
Total shares purchased
209600 shares
Aggregate common and Class "C" preferred shares bought indirectly on July 15, 2026
Common shares purchased (Manuka account)
95300 shares
Indirect common share purchase via managed account linked to Manuka at a weighted-average price of 50.08 BRL per share converted using 5.1740 BRL/USD
Common shares purchased (Infrad account)
104700 shares
Indirect common share purchase via managed account linked to Infrad at the same weighted-average price of 50.08 BRL per share converted using 5.1740 BRL/USD
Class "C" preferred purchased (Manuka account)
4600 shares
Indirect purchase of Class "C" preferred shares convertible 1:1 into 4600 common shares; price qualified as weighted average 48.83 BRL per share converted at 5.1740 BRL/USD
Class "C" preferred purchased (Infrad account)
5000 shares
Indirect purchase of Class "C" preferred shares convertible 1:1 into 5000 common shares on July 15, 2026 in open-market or private transactions
Direct common share holdings
51115 shares
Common shares held directly by Pedro Batista de Lima Filho following the reported transactions
Underlying common shares in largest preferred position
4813851 shares
Underlying common shares tied to an indirect Class "C" preferred position, automatically convertible under Article 11 of the bylaws
BRL/USD exchange rate used
5.1740 BRL per USD
Treasury Reporting Rates of Exchange as of June 30, 2026 used to convert Brazilian real prices to U.S. dollars
Key Terms
weighted average price, pecuniary interest, beneficial ownership, Treasury Reporting Rates of Exchange, +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.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest"
beneficial ownership regulatory
"shall not be deemed an admission that Manuka or Mr. Filho is the beneficial owner of any of the reported securities"
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.
Treasury Reporting Rates of Exchange financial
"using the U.S. Department of the Treasury Bureau of the Fiscal Service Treasury Reporting Rates of Exchange"
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).
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did AXIA (AXIA3) director Pedro Batista de Lima Filho report in this Form 4?
He reported indirect purchases totaling 209,600 AXIA shares. On July 15, 2026, managed accounts bought common and Class "C" preferred shares in open-market or private transactions, with beneficial ownership disclaimed except for his and the funds’ pecuniary interest.
Are the AXIA (AXIA3) trades reported under a Rule 10b5-1 trading plan?
No, the Rule 10b5-1 checkbox is explicitly unchecked. The filing does not indicate a pre-arranged trading plan; instead, it notes open-market or private purchase transactions executed by managed accounts on July 15, 2026.