AXIA Energia director nets 100-share insider buy
After the Aug. 28, 2026 trades, the Radar Gestora–managed accounts left a net buy of 100 shares, with Class C preferred converting to common.
Rhea-AI Filing Summary
AXIA Energia S.A. (AXIAY) director Pedro Batista de Lima Filho reported mixed indirect transactions on August 28, 2026 involving managed accounts advised by Radar Gestora. Those accounts purchased a total of 17,700 Class "C" preferred shares at a weighted-average price converted to about $10.12 per share and sold 17,600 common shares at about $10.20 per share, for a net purchase of 100 shares. Class "C" preferred shares automatically convert into common shares at a 1:1 ratio in stages from 2026 to 2031. After these transactions, Mr. Filho directly held 51,115 common shares, while he and the related entities disclaim beneficial ownership of the managed-account positions except for their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 100 shares
Net Buy
13 txns
Insider
Batista de Lima Filho Pedro
Role
Director
Bought
17,700 shs ($179K)
Sold
17,600 shs ($180K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class "C" Preferred Shares F8, F9, F2 | 7,700 | $10.12 | $78K |
| Purchase | Class "C" Preferred Shares F8, F9, F3 | 4,100 | $10.12 | $41K |
| Purchase | Class "C" Preferred Shares F8, F9, F4 | 800 | $10.12 | $8K |
| Purchase | Class "C" Preferred Shares F8, F9, F5 | 500 | $10.12 | $5K |
| Purchase | Class "C" Preferred Shares F8, F9, F6 | 2,200 | $10.12 | $22K |
| Purchase | Class "C" Preferred Shares F8, F10, F7 | 2,400 | $10.12 | $24K |
| Sale | Common Shares F1, F2 | 7,700 | $10.20 | $79K |
| Sale | Common Shares F1, F3 | 4,100 | $10.20 | $42K |
| Sale | Common Shares F1, F4 | 800 | $10.20 | $8K |
| Sale | Common Shares F1, F5 | 400 | $10.20 | $4K |
| Sale | Common Shares F1, F6 | 2,200 | $10.20 | $22K |
| Sale | Common Shares F1, F7 | 2,400 | $10.20 | $24K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Class "C" Preferred Shares — 9,534,333 contracts (Indirect, By managed account);
Common Shares — 4,842,984 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, $52.79 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, $52.35 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. 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, $52.36 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 indirectly: 17,700 Class "C" preferred shares
Total shares sold indirectly: 17,600 common shares
Net shares acquired: 100 shares
+5 more
8 metrics
Total shares purchased indirectly
17,700 Class "C" preferred shares
Purchases on August 28, 2026 via managed accounts
Total shares sold indirectly
17,600 common shares
Sales on August 28, 2026 via managed accounts
Net shares acquired
100 shares
Net of reported buys and sells on August 28, 2026
Purchase weighted-average price
52.35 BRL per share
Converted to USD at 5.1740 BRL per USD for preferred share purchases
Sale weighted-average price
52.79 BRL per share
Converted to USD at 5.1740 BRL per USD for common share sales
Exchange rate used
5.1740 BRL per USD
U.S. Treasury Reporting Rates of Exchange as of June 30, 2026
Direct common shares held
51,115 shares
Direct ownership after transactions on August 28, 2026
Preferred-to-common conversion ratio
1:1
Automatic conversion schedule for Class "C" preferred shares through 2031
Key Terms
weighted average price, beneficial ownership, 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.
beneficial ownership regulatory
"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
"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"
performance-based compensation financial
"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).
FAQ
What did AXIAY director Pedro Batista de Lima Filho report in this Form 4?
He reported indirect purchases of 17,700 Class "C" preferred shares and indirect sales of 17,600 common shares of AXIA Energia S.A. on August 28, 2026 through managed accounts, resulting in a net purchase of 100 shares.
Are the AXIAY transactions attributed personally to Pedro Batista de Lima Filho?
The trades occurred in managed accounts for entities such as Maliko, Manuka and several funds. The filing states that these entities and Mr. Filho disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
