AXIA Energia director buys 91,000 shares
The reported purchases were attributed to six managed investment entities, and the disclosed dollar price reflects a Brazilian-real conversion.
Rhea-AI Filing Summary
AXIA Energia S.A. director Pedro Batista de Lima Filho reported purchases totaling 91,000 common shares by six portfolios managed by Radar Gestora on September 21, 2026: Maliko, Manuka, Tucurui, Xingo, Radar and Infrad. The weighted-average price was $10.55 per share, converted from BRL 54.61 per share using 5.1740 BRL per USD. Separately, 51,115 common shares were listed as directly held by Pedro Batista de Lima Filho on September 21, 2026.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 91,000 shares
Net Buy
7 txns
Insider
Batista de Lima Filho Pedro
Role
Director
Bought
91,000 shs ($960K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares F1, F2 | 51,700 | $10.55 | $545K |
| Purchase | Common Shares F1, F3 | 11,500 | $10.55 | $121K |
| Purchase | Common Shares F1, F4 | 300 | $10.55 | $3K |
| Purchase | Common Shares F1, F5 | 400 | $10.55 | $4K |
| Purchase | Common Shares F1, F6 | 16,900 | $10.55 | $178K |
| Purchase | Common Shares F1, F7 | 10,200 | $10.55 | $108K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 5,002,284 shares (Indirect, By managed account);
Common Shares — 51,115 shares (Direct)
Footnotes (7)
- 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 purchased at each separate price. The weighted average price, $54.61 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.
Key Figures
Common shares purchased: 91,000 shares
Purchase transactions: 6 transactions
Weighted-average price: $10.55 per share
+3 more
6 metrics
Common shares purchased
91,000 shares
Six purchase transactions on September 21, 2026
Purchase transactions
6 transactions
Reported on September 21, 2026
Weighted-average price
$10.55 per share
USD-converted price for the reported purchases
Weighted-average price
BRL 54.61 per share
Price before conversion to USD
Currency conversion rate
5.1740 BRL per USD
Rate used for the reported price conversion
Directly held common shares
51,115 shares
Listed as directly held on September 21, 2026
Key Terms
weighted average price, portfolio management, performance-based compensation, pecuniary interest
4 terms
weighted average price financial
"The weighted average price, $54.61 Brazilian reals"
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.
portfolio management financial
"responsible for the portfolio management of MALIKO"
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.
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).
pecuniary interest regulatory
"except to the extent of his or its pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Which entities were associated with the AXIAY purchases?
The purchases were associated with Maliko, Manuka, Tucurui, Xingo, Radar and Infrad, whose portfolios were managed by Radar Gestora.
Were the AXIAY purchases reported under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported for the purchases.
AI-generated analysis. How Rhea-AI works. Not financial advice.
