Batista de Lima Filho Pedro 4
4 · AXIA Energia S.A. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
AXIA Energia Director Pedro Batista de Lima Filho Sells Shares
What Happened
Pedro Batista de Lima Filho, a director of AXIA Energia S.A. (AXIA3), reported two sales on 2026-07-03 totaling 255,800 shares. The trades were reported at a weighted average price of $10.38 per share (converted from BRL 54.55), generating proceeds of $2,655,204 (193,900 shares for $2,012,682 and 61,900 shares for $642,522). The filing lists the transactions as open-market or private sales.
Key Details
- Transaction date: July 3, 2026; Form filed July 7, 2026 (filed four days after the trades). This may be outside the typical 2-business-day Form 4 reporting window.
- Prices reported: weighted average $10.38 per share (USD), converted from BRL 54.55 using a 5.2540 BRL/USD rate (Treasury rate as of 2026-03-31). Reported proceeds exclude brokerage commissions and execution costs.
- Shares sold: 193,900 shares ($2,012,682) and 61,900 shares ($642,522); total 255,800 shares for $2,655,204.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: the filer is a partner at Radar Gestora, which manages several funds (Maliko, Radar, Manuka, Tucurui, Xingo, Infrad). Those funds may be the indirect beneficial owners; each entity and Mr. Filho disclaim beneficial ownership except to the extent of pecuniary interest.
- No 10b5-1 plan, option exercise, tax withholding, or gift noted in this filing.
Context
This filing reports sales (liquidity/disposition) rather than purchases — sales are common and not necessarily a signal of changed company outlook. The filing indicates portfolio management relationships that may mean the trades reflect fund activity rather than personal trading by the director.
Insider Transaction Report
Form 4
AXIA Energia S.A.AXIA3
Batista de Lima Filho Pedro
Director
Transactions
- Sale
Common Shares
[F1][F2]2026-07-03$10.38/sh−193,900$2,012,682→ 14,295,619 total(indirect: By managed account) - Sale
Common Shares
[F1][F3]2026-07-03$10.38/sh−61,900$642,522→ 4,535,519 total(indirect: By managed account)
Holdings
- 6,920,717(indirect: By managed account)
Common Shares
[F4] - 368,485(indirect: By managed account)
Common Shares
[F5] - 484,809(indirect: By managed account)
Common Shares
[F6] - 4,823,184(indirect: By managed account)
Common Shares
[F7] - 51,115
Common Shares
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. ("AXIA"), any security holder of AXIA, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. The weighted average price, $54.55 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 at the time of filing), 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.
- [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 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.
- [F4]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.
- [F5]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.
- [F6]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.
- [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.
Signature
/s/ Pedro Batista de Lima Filho|2026-07-07