AXIA Energia (EBR) managed accounts sell 555,300 shares on June 1
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AXIA Energia S.A. director Pedro Batista de Lima Filho reported indirect open-market sales of the company’s shares through managed accounts. On June 1, 2026, four sales totaled 555,300 shares. Two trades in Class "B1" Preferred Shares were for 17,500 and 54,800 shares at $10.72 per share. Two trades in Common Shares were for 116,900 and 366,100 shares at $9.75 per share.
The accounts involved are managed by Radar Gestora de Recursos Ltda., where Mr. Filho is a partner. Footnotes state that entities such as Maliko, Radar, Manuka, Tucurui, Xingo, and Infrad, together with Mr. Filho, disclaim beneficial ownership except to the extent of their pecuniary interest. After these transactions, reported holdings include 14,179,000 Class "B1" Preferred Shares and 390,500 Common Shares in certain managed accounts, plus 51,115 Common Shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 555,300 shares ($5,484,306)
Net Sell
13 txns
Insider
Batista de Lima Filho Pedro
Role
null
Sold
555,300 shs ($5.48M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 366,100 | $9.75 | $3.57M |
| Sale | Common Shares | 116,900 | $9.75 | $1.14M |
| Sale | Class "B1" Preferred Shares | 54,800 | $10.72 | $587K |
| Sale | Class "B1" Preferred Shares | 17,500 | $10.72 | $188K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Class "B1" Preferred Shares | -- | -- | -- |
| holding | Class "B1" Preferred Shares | -- | -- | -- |
| holding | Class "B1" Preferred Shares | -- | -- | -- |
| holding | Class "B1" Preferred Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 390,500 shares (Indirect, By managed account);
Class "B1" Preferred Shares — 14,179,000 shares (Indirect, By managed account);
Common Shares — 51,115 shares (Direct, null)
Footnotes (1)
- The price reported in column 4 is a weighted average price. The reporting person undertakes to provide to AXIA Energia S.A. ("AXIA"), any security holder of AXIA, 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, $51.21 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 March 31, 2026 (the most recently published quarterly rate, applicable to transactions through June 30, 2026), at a rate of 5.2540 BRL per USD (fiscaldata.treasury.gov). Brokerage commissions and other costs of execution, if any, are excluded from the reported price. 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. 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. 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. 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. 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. 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. 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. 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. The price reported in column 4 is a weighted average price. The reporting person undertakes to provide to AXIA, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price. The weighted average price, $56.33 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 March 31, 2026 (the most recently published quarterly rate, applicable to transactions through June 30, 2026), at a rate of 5.2540 BRL per USD (fiscaldata.treasury.gov). Brokerage commissions and other costs of execution, if any, are excluded from the reported price.
Key Figures
Total shares sold: 555,300 shares
Class B1 sale block 1: 17,500 shares at $10.72
Class B1 sale block 2: 54,800 shares at $10.72
+5 more
8 metrics
Total shares sold
555,300 shares
Aggregate open-market sales on June 1, 2026
Class B1 sale block 1
17,500 shares at $10.72
Class "B1" Preferred Shares sold indirectly via managed account
Class B1 sale block 2
54,800 shares at $10.72
Additional Class "B1" Preferred open-market sale
Common sale block 1
116,900 shares at $9.75
Indirect Common Share sale via managed account
Common sale block 2
366,100 shares at $9.75
Second Common Share sale block on June 1, 2026
Post-transaction Class B1 holding
14,179,000 shares
Class "B1" Preferred Shares in a managed account following sales
Post-transaction Common holding (indirect)
390,500 shares
Common Shares in a managed account following sales
Direct Common holding
51,115 shares
Common Shares held directly by reporting person after June 1, 2026
Key Terms
weighted average price, performance-based compensation, beneficial ownership, managed account, +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.
performance-based compensation financial
"and receives a performance-based compensation in his capacity as a partner of Radar Gestora."
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).
beneficial ownership financial
"disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein."
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.
managed account financial
"nature_of_ownership": "By managed account""
Treasury Reporting Rates of Exchange financial
"using the U.S. Department of the Treasury Bureau of the Fiscal Service Treasury Reporting Rates of Exchange as of March 31, 2026"
FAQ
What insider activity did AXIA Energia (EBR) report in this Form 4?
The Form 4 reports four open-market sales totaling 555,300 shares of AXIA Energia S.A. on June 1, 2026, involving both Class "B1" Preferred Shares and Common Shares, executed through managed accounts linked to the reporting person.
Does the AXIA Energia (EBR) Form 4 admit full beneficial ownership by the insider?
No. Footnotes state that each entity and the reporting person disclaim beneficial ownership of the reported securities, except to the extent of their pecuniary interest, and clarify that the filing is not an admission of beneficial ownership under the Exchange Act.
How are foreign currency prices handled in the AXIA Energia (EBR) Form 4?
Footnotes explain that reported prices use a weighted average in Brazilian reals converted to U.S. dollars at a Treasury Reporting Rates of Exchange rate of 5.2540 BRL per USD, excluding brokerage commissions and other execution costs.