AXIA Energia: 321,900 shares sold through Maliko
The four named account entities and the director disclaim beneficial ownership except to the extent of pecuniary interests.
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Form Type
4
Rhea-AI Filing Summary
AXIA Energia S.A. director Pedro Batista de Lima Filho reported managed-account trades on September 30, 2026. Common-share sales were 321,900 through Maliko, 36,500 through Manuka, 11,100 through Radar and 34,500 through Infrad, at a weighted-average $10.69 per share. The accounts also sold 15,800 Class C preferred shares through Maliko and 500 through Manuka, and bought 15,800 through Radar and 500 through Infrad, at $10.68 per share. Prices were converted from BRL to USD. The named entities and Mr. Filho disclaim beneficial ownership except to the extent of their pecuniary interests; no Rule 10b5-1 plan is reported.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 404,000 shares
Net Sell
13 txns
Insider
Batista de Lima Filho Pedro
Role
Director
Bought
16,300 shs ($174K)
Sold
420,300 shs ($4.49M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class "C" Preferred Shares F8, F9, F2 | 15,800 | $10.68 | $169K |
| Sale | Class "C" Preferred Shares F8, F9, F3 | 500 | $10.68 | $5K |
| Purchase | Class "C" Preferred Shares F8, F10, F4 | 15,800 | $10.68 | $169K |
| Purchase | Class "C" Preferred Shares F8, F10, F5 | 500 | $10.68 | $5K |
| Sale | Common Shares F1, F2 | 321,900 | $10.69 | $3.44M |
| Sale | Common Shares F1, F3 | 36,500 | $10.69 | $390K |
| Sale | Common Shares F1, F4 | 11,100 | $10.69 | $119K |
| Sale | Common Shares F1, F5 | 34,500 | $10.69 | $369K |
| holding | Class "C" Preferred Shares F8, F6 | -- | -- | -- |
| holding | Class "C" Preferred Shares F8, F7 | -- | -- | -- |
| holding | Common Shares F6 | -- | -- | -- |
| holding | Common Shares F7 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Class "C" Preferred Shares — 7,871,157 contracts for 124,210 underlying shares (Indirect, By managed account);
Common Shares — 5,820,678 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, $55.32 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 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.
- F5. 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.
- F6. 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.
- F7. 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.
- 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 sold at each separate price. The weighted average price, $55.25 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, $55.25 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
Common shares sold through Maliko: 321,900 shares
Common shares sold through Manuka: 36,500 shares
Common shares sold through Radar: 11,100 shares
+5 more
8 metrics
Common shares sold through Maliko
321,900 shares
Managed account; September 30, 2026
Common shares sold through Manuka
36,500 shares
Managed account; September 30, 2026
Common shares sold through Radar
11,100 shares
Managed account; September 30, 2026
Common shares sold through Infrad
34,500 shares
Managed account; September 30, 2026
Class C preferred shares transacted
15,800 shares sold and 15,800 shares purchased
Sold through Maliko; purchased through Radar; September 30, 2026
Class C preferred shares transacted
500 shares sold and 500 shares purchased
Sold through Manuka; purchased through Infrad; September 30, 2026
Weighted-average common-share sale price
$10.69 per share
Reported in U.S. dollars after conversion from BRL
Weighted-average Class C preferred-share transaction price
$10.68 per share
Purchases and sales; reported in U.S. dollars after conversion from BRL
Key Terms
weighted average price, beneficial ownership, pecuniary interest, PNC Shares, +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"
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 regulatory
"except to the extent of his or its pecuniary interest therein"
automatically converted technical
"shall be automatically converted into Common Shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How were AXIAY's reported trade prices converted to U.S. dollars?
The common-share weighted-average price was $55.32 BRL per share, converted using 5.1740 BRL per USD, the U.S. Treasury exchange rate as of June 30, 2026. Class C preferred-share purchase and sale prices were weighted averages of $55.25 BRL per share converted at the same rate; brokerage commissions and other execution costs, if any, are excluded.
AI-generated analysis. How Rhea-AI works. Not financial advice.
