AXIA director trades 66K prefs, sells 65.6K common
Rhea-AI Filing Summary
AXIA Energia S.A. (AXIAY) director Pedro Batista de Lima Filho reported a set of indirect trades on August 26, 2026 through managed accounts advised by Radar Gestora. Entities associated with him purchased 66,200 Class "C" Preferred Shares (automatically convertible into common shares 1:1 over 2026–2031) at a footnote-qualified weighted average price, and sold 65,600 Common Shares at a footnote-qualified weighted average price. Separately, he reported 51,115 Common Shares held directly after these transactions. Footnotes state that Maliko, Manuka, Tucurui, Xingo, Radar and Infrad, and Mr. Filho each disclaim beneficial ownership except to the extent of their pecuniary interest.
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Insights
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Insider Trade Summary
Net Buyer: 600 shares
Net Buy
13 txns
Insider
Batista de Lima Filho Pedro
Role
Director
Bought
66,200 shs ($678K)
Sold
65,600 shs ($678K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class "C" Preferred Shares F8, F9, F2 | 28,700 | $10.24 | $294K |
| Purchase | Class "C" Preferred Shares F8, F9, F3 | 15,600 | $10.24 | $160K |
| Purchase | Class "C" Preferred Shares F8, F9, F4 | 2,900 | $10.24 | $30K |
| Purchase | Class "C" Preferred Shares F8, F9, F5 | 1,700 | $10.24 | $17K |
| Purchase | Class "C" Preferred Shares F8, F9, F6 | 8,300 | $10.24 | $85K |
| Purchase | Class "C" Preferred Shares F8, F9, F7 | 9,000 | $10.24 | $92K |
| Sale | Common Shares F1, F2 | 28,300 | $10.33 | $292K |
| Sale | Common Shares F1, F3 | 15,400 | $10.33 | $159K |
| Sale | Common Shares F1, F4 | 2,900 | $10.33 | $30K |
| Sale | Common Shares F1, F5 | 1,700 | $10.33 | $18K |
| Sale | Common Shares F1, F6 | 8,300 | $10.33 | $86K |
| Sale | Common Shares F1, F7 | 9,000 | $10.33 | $93K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Class "C" Preferred Shares — 9,516,633 contracts (Indirect, By managed account);
Common Shares — 4,845,384 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. (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, $53.43 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, $52.98 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
Class "C" Preferred Shares purchased: 66,200 shares
Common Shares sold: 65,600 shares
Weighted average sale price: 53.43 BRL per share
+5 more
8 metrics
Class "C" Preferred Shares purchased
66,200 shares
Aggregate indirect purchases on August 26, 2026
Common Shares sold
65,600 shares
Aggregate indirect sales on August 26, 2026
Weighted average sale price
53.43 BRL per share
Common Share sales, converted to USD at 5.1740 BRL per USD
Weighted average purchase price
52.98 BRL per share
Class "C" Preferred Share purchases, converted to USD at 5.1740 BRL per USD
Direct Common Share holdings
51,115 shares
Common Shares held directly by the reporting person after transactions
Automatic conversion ratio
1:1
Class "C" Preferred Shares into Common Shares under Article 11 of the Bylaws
Annual conversion rate of preferred shares
4% per year
Of originally issued Class "C" Preferred Shares in fiscal years 2026–2030
FX rate used for conversions
5.1740 BRL per USD
U.S. Treasury reporting rate as of June 30, 2026 used in price conversions
Key Terms
weighted average price, performance-based compensation, pecuniary interest, automatically converted, +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.
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"
automatically converted financial
"preferred shares shall be automatically converted into Common Shares, assuming such PNC Shares"
portfolio management financial
"which is responsible for the portfolio management of MALIKO INVESTMENTS LLC"
Portfolio management is the process of selecting, organizing, and overseeing a collection of investments to achieve specific financial goals. It involves making decisions about where to put money, balancing risk and reward, and adjusting the mix of investments over time, much like a gardener tending to different plants to ensure a healthy, thriving garden. This helps investors grow their wealth steadily while managing potential losses.
FAQ
What insider trading activity was reported at AXIA Energia (AXIAY) on August 26, 2026?
On August 26, 2026, entities associated with director Pedro Batista de Lima Filho reported purchases of 66,200 Class "C" Preferred Shares and sales of 65,600 Common Shares of AXIA Energia S.A., all through indirect, managed accounts overseen by Radar Gestora.
Were the AXIAY trades by Pedro Batista de Lima Filho net buying or selling?
Across the reported transactions, the filing shows 66,200 shares bought (via Class "C" Preferred Shares) and 65,600 shares sold (Common Shares), indicating a small net buy of 600 shares in share terms for the managed accounts associated with him.
What prices were reported for the August 26, 2026 AXIAY insider trades?
The Common Share sales used a weighted average price of 53.43 BRL per share, converted to USD with a rate of 5.1740 BRL per USD. The preferred share purchases used a weighted average price of 52.98 BRL per share, converted to USD at the same 5.1740 BRL per USD rate.
Do the AXIAY insider trades involve beneficial ownership disclaimers?
Yes. Footnotes F2–F7 state that entities such as Maliko, Manuka, Tucurui, Xingo, Radar and Infrad and Mr. Filho may be deemed to beneficially own the reported securities but each disclaims beneficial ownership except to the extent of his or its pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
