AXIA Energia director reports 837,000-share sales
The reported BRL 59.84 weighted-average price was converted using the Treasury rate of 5.2050 BRL per USD as of September 30, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
AXIA Energia S.A. director Pedro Batista de Lima Filho reported six sales totaling 837,000 common shares on October 7, 2026, through managed accounts at a weighted-average price of $11.50 per share in U.S. dollars. The accounts were managed by Radar Gestora and associated in the footnotes with Maliko, Manuka, Tucurui, Xingo, Radar and Infrad. The entities and Mr. Filho disclaim beneficial ownership except to the extent of their pecuniary interest. No Rule 10b5-1 plan is reported. A separate holding entry lists 51,115 common shares held directly.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 837,000 shares
Net Sell
7 txns
Insider
Batista de Lima Filho Pedro
Role
Director
Sold
837,000 shs ($9.63M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares F1, F2 | 476,700 | $11.50 | $5.48M |
| Sale | Common Shares F1, F3 | 103,000 | $11.50 | $1.18M |
| Sale | Common Shares F1, F4 | 3,100 | $11.50 | $36K |
| Sale | Common Shares F1, F5 | 4,100 | $11.50 | $47K |
| Sale | Common Shares F1, F6 | 158,400 | $11.50 | $1.82M |
| Sale | Common Shares F1, F7 | 91,700 | $11.50 | $1.05M |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 4,859,531 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 sold at each separate price. The weighted average price, $59.84 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 September 30, 2026 (the most recently published quarterly rate at the time of filing), at a rate of 5.2050 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 sold: 837,000 shares
Weighted-average price in U.S. dollars: $11.50 per share
Weighted-average price in Brazilian reals: BRL 59.84 per share
+3 more
6 metrics
Common shares sold
837,000 shares
Six sales reported for October 7, 2026
Weighted-average price in U.S. dollars
$11.50 per share
Sales reported for October 7, 2026
Weighted-average price in Brazilian reals
BRL 59.84 per share
Price stated before conversion to U.S. dollars
Treasury exchange rate
5.2050 BRL per USD
Rate as of September 30, 2026
Direct common shares held
51,115 shares
Separate holding entry dated October 7, 2026
Reported sale count
6 sales
October 7, 2026
Key Terms
weighted average price, pecuniary interest, beneficial ownership, Treasury Reporting Rates of Exchange
4 terms
weighted average price financial
"weighted average price, $59.84 Brazilian reals per share"
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
"except to the extent of his or its pecuniary interest therein"
beneficial ownership financial
"disclaims beneficial ownership of the reported securities"
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
"Treasury Reporting Rates of Exchange as of September 30, 2026"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How was the AXIAY sale price calculated?
The weighted-average price was BRL 59.84 per share, converted to U.S. dollars using the Treasury rate of 5.2050 BRL per USD as of September 30, 2026. Brokerage commissions and other execution costs, if any, are excluded from the reported price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
