AXIA Energia director nets sale of 617K shares
Director-linked managed accounts executed net open-market sales of AXIAY on August 31, 2026, while the director retains a smaller direct position.
Rhea-AI Filing Summary
AXIA Energia S.A. (AXIAY) director-related managed accounts reported a series of open-market trades in Common Shares and Class "C" preferred shares on August 31, 2026, at weighted-average prices around $10.27–$10.28 per share (after BRL-to-USD conversion). These accounts purchased 148,400 shares and sold 766,000 shares, a net disposition of 617,600 shares. All trades were reported as indirect holdings through entities managed by Radar Gestora, with beneficial ownership disclaimed except for any pecuniary interest, and no Rule 10b5-1 trading plan is reported. Following these transactions, the director holds 51,115 Common Shares directly.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 617,600 shares
Net Sell
18 txns
Insider
Batista de Lima Filho Pedro
Role
Director
Bought
148,400 shs ($1.52M)
Sold
766,000 shs ($7.87M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class "C" Preferred Shares F11, F12, F2 | 24,100 | $10.27 | $248K |
| Sale | Class "C" Preferred Shares F11, F12, F4 | 12,100 | $10.27 | $124K |
| Purchase | Class "C" Preferred Shares F11, F13, F4 | 18,600 | $10.27 | $191K |
| Sale | Class "C" Preferred Shares F11, F12, F7 | 15,200 | $10.27 | $156K |
| Sale | Class "C" Preferred Shares F11, F12, F8 | 3,400 | $10.27 | $35K |
| Purchase | Class "C" Preferred Shares F11, F13, F9 | 24,100 | $10.27 | $248K |
| Purchase | Class "C" Preferred Shares F11, F13, F10 | 12,100 | $10.27 | $124K |
| Sale | Common Shares F1, F2 | 414,200 | $10.28 | $4.26M |
| Sale | Common Shares F3, F4 | 97,700 | $10.28 | $1.00M |
| Purchase | Common Shares F5, F4 | 10,600 | $10.27 | $109K |
| Sale | Common Shares F6, F7 | 2,400 | $10.28 | $25K |
| Purchase | Common Shares F5, F7 | 15,100 | $10.27 | $155K |
| Sale | Common Shares F6, F8 | 3,200 | $10.28 | $33K |
| Purchase | Common Shares F5, F8 | 3,400 | $10.27 | $35K |
| Sale | Common Shares F6, F9 | 113,200 | $10.28 | $1.16M |
| Purchase | Common Shares F5, F9 | 64,500 | $10.27 | $662K |
| Sale | Common Shares F1, F10 | 80,500 | $10.28 | $828K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Class "C" Preferred Shares — 8,147,488 contracts (Indirect, By managed account);
Common Shares — 4,762,484 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, $53.19 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 sold at each separate price. The weighted average price, $53.18 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. 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, $53.12 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.
- F6. 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, $53.20 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.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. 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.
- 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 sold at each separate price. The weighted average price, $53.14 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 purchased at each separate price. The weighted average price, $53.14 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: 148,400 shares
Shares sold: 766,000 shares
Net shares disposed: 617,600 shares
+4 more
7 metrics
Shares purchased
148,400 shares
Total AXIA Energia securities bought on August 31, 2026 by managed accounts
Shares sold
766,000 shares
Total AXIA Energia securities sold on August 31, 2026 by managed accounts
Net shares disposed
617,600 shares
Net of buys and sells across all reported August 31, 2026 trades
Purchase price
$10.27 per share
Representative weighted-average USD purchase price, converted from BRL for August 31, 2026 trades
Sale price
$10.28 per share
Representative weighted-average USD sale price, converted from BRL for August 31, 2026 trades
Direct holdings after transactions
51,115 shares
Common Shares directly held by the director as of August 31, 2026
BRL to USD exchange rate
5.1740 BRL per USD
Rate used to convert weighted-average BRL share prices into USD
Key Terms
weighted average price, beneficial ownership, pecuniary interest, Treasury Reporting Rates of Exchange, +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 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"
automatically converted financial
"class "C" preferred shares shall be automatically converted into Common Shares"
FAQ
Are the AXIAY trades direct or indirect holdings for the director?
The trades are reported as indirect holdings through managed accounts and investment funds overseen by Radar Gestora. Footnotes state that both the entities and Pedro Batista de Lima Filho disclaim beneficial ownership except to the extent of their pecuniary interest.
What is the director’s remaining direct position in AXIAY after these trades?
After the reported August 31, 2026 transactions, Pedro Batista de Lima Filho is shown as directly holding 51,115 Common Shares of AXIA Energia S.A. This direct position is separate from the larger indirect holdings through managed accounts.
Were the AXIAY transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmatively marked, and the footnotes do not describe any trading plan. The transactions are therefore not reported as being executed under a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
