AXIA Energia director reports mandatory share exchange
AXIA Energia S.A. director Pedro Batista de Lima Filho reported a mandatory share conversion tied to the company’s migration to the Novo Mercado listing segment of B3.
Rhea-AI Filing Summary
AXIA Energia S.A. director Pedro Batista de Lima Filho reported a mandatory share conversion tied to the company’s migration to the Novo Mercado listing segment of B3. On June 5, 2026, each outstanding Class "B1" Preferred Share was exchanged for 1.1 Common Shares, with no cash changing hands.
The filing shows the corresponding disposal of multiple blocks of Class "B1" Preferred Shares and the acquisition of matching blocks of Common Shares in various managed accounts, such as Maliko and Manuka. Following the Exchange, he also reports 51,115 Common Shares held directly. Filho and the managed accounts disclaim beneficial ownership beyond their pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
Batista de Lima Filho Pedro
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 15,536,840 | $0.00 | $0.00 |
| Grant/Award | Common Shares | 6,564,140 | $0.00 | $0.00 |
| Grant/Award | Common Shares | 314,875 | $0.00 | $0.00 |
| Grant/Award | Common Shares | 414,230 | $0.00 | $0.00 |
| Grant/Award | Common Shares | 4,868,464 | $0.00 | $0.00 |
| Grant/Award | Common Shares | 4,576,965 | $0.00 | $0.00 |
| Disposition | Class "B1" Preferred Shares | 14,124,400 | $0.00 | $0.00 |
| Disposition | Class "B1" Preferred Shares | 5,967,400 | $0.00 | $0.00 |
| Disposition | Class "B1" Preferred Shares | 286,250 | $0.00 | $0.00 |
| Disposition | Class "B1" Preferred Shares | 376,573 | $0.00 | $0.00 |
| Disposition | Class "B1" Preferred Shares | 4,425,876 | $0.00 | $0.00 |
| Disposition | Class "B1" Preferred Shares | 4,160,877 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 5,025,010 shares (Indirect, By managed account);
Class "B1" Preferred Shares — 0 shares (Indirect, By managed account);
Common Shares — 51,115 shares (Direct)
Footnotes (7)
- F1. On June 5, 2026, in connection with Axia Energia S.A.'s (the "Company") migration to the Novo Mercado listing segment of B3 S.A. -- Brasil, Bolsa, Balcao, each outstanding Class "B1" Preferred Share of the Company was mandatorily exchanged for 1.1 Common Shares (the "Exchange"). The reporting person neither paid nor received any cash consideration in connection with the Exchange. The amounts reported herein reflect only the acquisition of Common Shares and the corresponding disposition of Class "B1" Preferred Shares pursuant to the Exchange.
- 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. 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. 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
Exchange ratio: 1.1 Common Shares per Class "B1" Preferred Share
Direct common holdings: 51,115 Common Shares
Preferred block disposed: 4,160,877 Class "B1" Preferred Shares
+3 more
6 metrics
Exchange ratio
1.1 Common Shares per Class "B1" Preferred Share
Mandatory exchange on June 5, 2026
Direct common holdings
51,115 Common Shares
Shares held directly after transactions
Preferred block disposed
4,160,877 Class "B1" Preferred Shares
One managed account disposition to issuer
Largest preferred block disposed
14,124,400 Class "B1" Preferred Shares
Managed account disposition to issuer
Common block acquired
4,576,965 Common Shares
Managed account acquisition via exchange
Largest common block acquired
15,536,840 Common Shares
Managed account acquisition via exchange
Key Terms
Novo Mercado, mandatory exchange, beneficial ownership, managed account, +1 more
5 terms
Novo Mercado financial
"migration to the Novo Mercado listing segment of B3 S.A."
mandatory exchange financial
"each outstanding Class "B1" Preferred Share of the Company was mandatorily exchanged"
A mandatory exchange is a contractual rule that forces one type of security to be swapped for another—most often debt being converted into stock—at a set date or when specific conditions occur. Investors care because it changes who owns the company and its financial shape: creditors become shareholders, debt levels fall, and existing owners can be diluted, so the company's risk profile, voting control and future earnings per share can shift like swapping a loan for a roll of stock certificates.
beneficial ownership financial
"disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest"
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""
performance-based compensation financial
"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).
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did AXIA Energia (EBR) director Pedro Batista de Lima Filho report in this Form 4?
He reported a mandatory exchange of Class "B1" Preferred Shares into Common Shares tied to AXIA Energia’s Novo Mercado migration. The entry reflects disposals of preferred stock and corresponding acquisitions of common stock in several managed accounts, plus his directly held common shares.
Did Pedro Batista de Lima Filho pay or receive cash in the AXIA Energia (EBR) exchange?
No cash was paid or received in the exchange. The filing states that the Class "B1" Preferred Shares were mandatorily converted into Common Shares at a fixed 1.1-to-1 ratio as part of AXIA Energia’s listing migration, making it a non-cash corporate action.
Is this AXIA Energia (EBR) Form 4 a market purchase or sale by the director?
The transactions are not open-market trades. They record a mandatory exchange of preferred into common shares at a set 1.1 ratio, with no cash consideration. Dispositions and acquisitions simply mirror the conversion mechanics across direct and managed-account holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
