AXIA Energia (AXIAY) director buys and sells shares, nets 200
Rhea-AI Filing Summary
AXIA Energia S.A. (AXIAY) director Pedro Batista de Lima Filho reported a series of indirect trades in Common Shares and Class "C" Preferred Shares on August 17, 2026, through managed accounts associated with several investment vehicles. The filing shows 36,600 shares purchased and 36,400 shares sold, for a small net purchase of 200 shares. All reported trades used weighted average prices originally executed in Brazilian reals and converted into U.S. dollars, and the investment vehicles and Mr. Filho each disclaim beneficial ownership beyond their pecuniary interest. The Class "C" preferred shares automatically convert into Common Shares at a 1:1 ratio in scheduled installments from 2026 through 2031. Separately, Mr. Filho also reports 51,115 Common Shares held directly.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 20,400 shares
Net Sell
15 txns
Insider
Batista de Lima Filho Pedro
Role
Director
Bought
36,600 shs ($354K)
Sold
36,400 shs ($353K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class "C" Preferred Shares F10, F11, F2 | 12,200 | $9.67 | $118K |
| Purchase | Class "C" Preferred Shares F10, F12, F4 | 4,800 | $9.66 | $46K |
| Purchase | Class "C" Preferred Shares F10, F12, F5 | 900 | $9.66 | $9K |
| Purchase | Class "C" Preferred Shares F10, F12, F6 | 500 | $9.66 | $5K |
| Purchase | Class "C" Preferred Shares F10, F12, F8 | 2,600 | $9.66 | $25K |
| Sale | Class "C" Preferred Shares F10, F13, F8 | 3,200 | $9.68 | $31K |
| Purchase | Class "C" Preferred Shares F10, F12, F9 | 2,800 | $9.66 | $27K |
| Sale | Common Shares F1, F2 | 8,800 | $9.72 | $86K |
| Purchase | Common Shares F3, F2 | 12,800 | $9.70 | $124K |
| Sale | Common Shares F1, F4 | 4,800 | $9.72 | $47K |
| Sale | Common Shares F1, F5 | 900 | $9.72 | $9K |
| Sale | Common Shares F1, F6 | 500 | $9.72 | $5K |
| Sale | Common Shares F7, F8 | 15,400 | $9.70 | $149K |
| Sale | Common Shares F1, F9 | 2,800 | $9.72 | $27K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Class "C" Preferred Shares — 9,611,728 shares (Indirect, By managed account);
Common Shares — 4,911,984 shares (Indirect, By managed account);
Common Shares — 51,115 shares (Direct)
Footnotes (13)
- 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, $50.28 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. 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, $50.18 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.
- F4. 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.
- 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. 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 sold at each separate price. The weighted average price, $50.20 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.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. 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, $50.02 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.
- F12. 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, $50.00 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.
- F13. 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 sold at each separate price. The weighted average price, $50.08 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
Shares purchased: 36,600 shares
Shares sold: 36,400 shares
Net shares acquired: 200 shares
+5 more
8 metrics
Shares purchased
36,600 shares
Total shares bought across all reported transactions on August 17, 2026
Shares sold
36,400 shares
Total shares sold across all reported transactions on August 17, 2026
Net shares acquired
200 shares
Net buy (purchases minus sales) from the August 17, 2026 transactions
Representative sale price
$9.72 per share
Weighted average sale price for certain Common Share sales (footnote-qualified)
Representative purchase price
$9.70 per share
Weighted average purchase price for a Common Share buy block (footnote-qualified)
FX rate used
5.1740 BRL per USD
Exchange rate used to convert BRL weighted average prices into USD
Direct Common Share holdings
51,115 shares
Common Shares held directly by Pedro Batista de Lima Filho as of August 17, 2026
Preferred conversion ratio
1:1
Automatic conversion ratio of Class "C" preferred shares into Common Shares under the bylaws
Key Terms
weighted average price, beneficial ownership, pecuniary interest, automatic conversion, +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.
beneficial ownership financial
"disclaims beneficial ownership of the reported securities except to the extent of"
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"
automatic conversion financial
"preferred shares shall be automatically converted into Common Shares, assuming such PNC Shares"
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).
FAQ
What insider trading activity was reported for AXIAY on August 17, 2026?
On August 17, 2026, entities associated with director Pedro Batista de Lima Filho purchased 36,600 shares and sold 36,400 shares of AXIA Energia S.A., resulting in a net purchase of 200 shares, all executed through managed investment accounts.
Were the AXIAY transactions by Pedro Batista de Lima Filho direct or through managed accounts?
The Form 4 shows the August 17, 2026 AXIAY trades were indirect, executed "By managed account" for several funds and investment vehicles. Mr. Filho and those vehicles disclaim beneficial ownership of the reported securities beyond their respective pecuniary interest.
Are the AXIAY prices on this Form 4 quoted in U.S. dollars or Brazilian reals?
The Form 4 prices are shown in U.S. dollars but derived from Brazilian real (BRL) weighted average prices. Footnotes explain conversion used the U.S. Treasury reporting exchange rate of 5.1740 BRL per USD as of June 30, 2026.
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