AXIA Energia (AXIAY) director juggles buys and sales in August 21 trade
Rhea-AI Filing Summary
AXIA Energia S.A. (AXIAY) reported insider activity involving director Pedro Batista de Lima Filho through investment vehicles managed by Radar Gestora de Recursos Ltda. On 2026-08-21, entities associated with him purchased 67,800 Class "C" preferred shares, which automatically convert into Common Shares at a 1:1 ratio, in stages from 2026 to 2031. The same day, those managed accounts sold 67,100 Common Shares. Prices for the sales and purchases are reported as weighted average prices of BRL 52.12 per Common Share sold and about BRL 51.68–51.69 per preferred share purchased, each converted to U.S. dollars using a BRL/USD rate of 5.1740. Following these transactions, Filho is reported as directly holding 51,115 Common Shares, while he and the related entities each disclaim beneficial ownership of the managed-account positions except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 67,100 shares
Net Sell
13 txns
Insider
Batista de Lima Filho Pedro
Role
Director
Bought
67,800 shs ($677K)
Sold
67,100 shs ($676K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class "C" Preferred Shares F8, F9, F2 | 29,400 | $9.99 | $294K |
| Purchase | Class "C" Preferred Shares F8, F9, F3 | 15,900 | $9.99 | $159K |
| Purchase | Class "C" Preferred Shares F8, F10, F4 | 1,200 | $9.99 | $12K |
| Purchase | Class "C" Preferred Shares F8, F9, F5 | 1,700 | $9.99 | $17K |
| Purchase | Class "C" Preferred Shares F8, F9, F6 | 10,300 | $9.99 | $103K |
| Purchase | Class "C" Preferred Shares F8, F9, F7 | 9,300 | $9.99 | $93K |
| Sale | Common Shares F1, F2 | 29,000 | $10.07 | $292K |
| Sale | Common Shares F1, F3 | 15,700 | $10.07 | $158K |
| Sale | Common Shares F1, F4 | 3,000 | $10.07 | $30K |
| Sale | Common Shares F1, F5 | 1,700 | $10.07 | $17K |
| Sale | Common Shares F1, F6 | 8,500 | $10.07 | $86K |
| Sale | Common Shares F1, F7 | 9,200 | $10.07 | $93K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Class "C" Preferred Shares — 9,994,629 shares (Indirect, By managed account);
Common Shares — 4,860,084 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, $52.12 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, $51.68 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, $51.69 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 (Class "C" preferred): 67,800 shares
Shares sold (Common Shares): 67,100 shares
Net share change: 700 shares
+5 more
8 metrics
Shares purchased (Class "C" preferred)
67,800 shares
Total derivative-type purchases on 2026-08-21, each corresponding to 1 Common Share
Shares sold (Common Shares)
67,100 shares
Total non-derivative sales on 2026-08-21 through managed accounts
Net share change
700 shares
Net difference between purchased Class "C" preferred shares and Common Shares sold
Weighted average sale price
BRL 52.12 per share
Weighted average price for Common Shares sold, converted using 5.1740 BRL per USD
Weighted average purchase prices
BRL 51.68–51.69 per share
Weighted average prices for Class "C" preferred shares purchased, using 5.1740 BRL per USD
FX rate used
5.1740 BRL per USD
Treasury Reporting Rates of Exchange as of June 30, 2026, used for conversions
Direct Common Shares held
51,115 shares
Direct holdings of Common Shares reported after the transactions
Automatic conversion schedule
4% per year 2026–2030; remaining in 2031
Schedule for automatic conversion of Class "C" preferred into Common Shares
Key Terms
weighted average price, pecuniary interest, beneficial ownership, 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.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest"
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.
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
"PNC Shares shall be automatically converted into Common Shares, assuming such PNC Shares"
FAQ
What insider trading activity was reported for AXIAY on August 21, 2026?
On 2026-08-21, investment vehicles associated with director Pedro Batista de Lima Filho purchased 67,800 Class "C" preferred shares of AXIA Energia S.A. and sold 67,100 Common Shares, resulting in a small net increase in exposure equivalent to 700 shares.
Are the AXIA Energia (AXIAY) transactions made under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not affirmed, and the footnotes do not state that the transactions were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
