AXIA Energia director nets 500 shares in mixed trades
Rhea-AI Filing Summary
AXIA Energia S.A. (AXIAY) director Pedro Batista de Lima Filho reported mixed indirect trades on August 24, 2026. Through Radar Gestora–managed accounts, entities associated with him purchased 41,900 Class “C” preferred (PNC) shares (automatically convertible 1:1 into common shares over 2026–2031) and sold 41,400 common shares, a net increase of 500 shares across these accounts. The filing discloses that these positions are held in managed vehicles (including Maliko, Manuka, Tucurui, Xingo, Radar and Infrad), with beneficial ownership disclaimed except for pecuniary interest, and separately reports 51,115 common shares held directly.
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Insights
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Insider Trade Summary
Net Buyer: 500 shares
Net Buy
13 txns
Insider
Batista de Lima Filho Pedro
Role
Director
Bought
41,900 shs ($425K)
Sold
41,400 shs ($424K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class "C" Preferred Shares F8, F9, F2 | 18,200 | $10.15 | $185K |
| Purchase | Class "C" Preferred Shares F8, F9, F3 | 9,800 | $10.15 | $99K |
| Purchase | Class "C" Preferred Shares F8, F9, F4 | 1,800 | $10.15 | $18K |
| Purchase | Class "C" Preferred Shares F8, F9, F5 | 1,100 | $10.15 | $11K |
| Purchase | Class "C" Preferred Shares F8, F9, F10, F6 | 5,300 | $10.15 | $54K |
| Purchase | Class "C" Preferred Shares F8, F9, F7 | 5,700 | $10.15 | $58K |
| Sale | Common Shares F1, F2 | 4,900 | $10.23 | $50K |
| Sale | Common Shares F1, F3 | 9,700 | $10.23 | $99K |
| Sale | Common Shares F1, F4 | 1,800 | $10.23 | $18K |
| Sale | Common Shares F1, F5 | 1,100 | $10.23 | $11K |
| Sale | Common Shares F1, F6 | 18,200 | $10.23 | $186K |
| Sale | Common Shares F1, F7 | 5,700 | $10.23 | $58K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Class "C" Preferred Shares — 9,450,433 contracts (Indirect, By managed account);
Common Shares — 4,854,384 shares (Indirect, By managed account);
Common Shares — 51,115 shares (Direct)
Footnotes (10)
- 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, $52.91 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, $52.50 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. On August 11, 2026, due to a settlement error, the Reporting Person filed a Form 4 that inadvertently reported the acquisition of 28,800 PNC Shares. The correct number of PNC Shares acquired was 28,774. The settlement error has since been remediated, and the Reporting Person subsequently received the remaining 26 PNC Shares, which were mandatorily redeemed in accordance with the Company's Bylaws at a ratio of 1:1 on August 24, 2026. This Form 4 reports the correct number of PNC Shares beneficially owned by the Reporting Person.
Key Figures
Class "C" preferred shares purchased: 41,900 shares
Common shares sold: 41,400 shares
Net shares acquired: 500 shares
+5 more
8 metrics
Class "C" preferred shares purchased
41,900 shares
Total PNC shares bought indirectly on August 24, 2026 across six transactions
Common shares sold
41,400 shares
Total AXIA Energia common shares sold indirectly on August 24, 2026
Net shares acquired
500 shares
Net difference between PNC purchases and common share sales reported in transaction summary
Weighted average PNC purchase price
$10.15 per share
Converted from BRL 52.50 per share at 5.1740 BRL per USD
Weighted average common sale price
$10.23 per share
Converted from BRL 52.91 per share at 5.1740 BRL per USD
Directly held common shares
51,115 shares
Common shares reported as directly owned following the reported transactions
Exchange rate used
5.1740 BRL per USD
U.S. Treasury Reporting Rates of Exchange as of June 30, 2026 for price conversion
Incorrectly reported PNC acquisition
28,800 vs 28,774 shares
Prior Form 4 error corrected; remaining 26 PNC shares later redeemed 1:1
Key Terms
weighted average price, performance-based compensation, pecuniary interest, 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.
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).
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest"
Treasury Reporting Rates of Exchange financial
"using the U.S. Department of the Treasury Bureau of the Fiscal Service Treasury Reporting Rates of Exchange"
mandatorily redeemed financial
"which were mandatorily redeemed in accordance with the Company's Bylaws at a ratio of 1:1"
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
What insider trading activity was reported for AXIAY on August 24, 2026?
On August 24, 2026, entities associated with director Pedro Batista de Lima Filho purchased 41,900 Class “C” preferred (PNC) shares and sold 41,400 common shares of AXIA Energia S.A., resulting in a net increase of 500 shares across the managed accounts.
Were the AXIAY trades made under a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox is not marked as affirmative in this filing, and the footnotes describe portfolio management by Radar Gestora but do not state that the reported trades occurred under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
