Batista de Lima Filho Pedro 4

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.