Batista de Lima Filho Pedro 4

What Happened

• Pedro Batista de Lima Filho, a director of AXIA Energia S.A., reported four derivative dispositions on July 7, 2026: 4 separate redemptions of 100 class "C" preferred (PNC) shares each, at $9.90 per share. Total proceeds were approximately $3,960. The transactions are reported as code “J” (other acquisition/disposition) because the PNC shares were mandatorily redeemed for cash under the company bylaws.

Key Details

• Transaction date: 2026-07-07; Price: $9.90 per share (converted from BRL 52.00 using a Treasury exchange rate) (see footnote F2).
• Shares disposed: 4 × 100 PNC shares = 400 shares; Total value ≈ $3,960.
• Shares owned after transaction: not specified in the provided filing.
• Notable footnotes:
  • F1: PNC shares are subject to automatic conversion/redemption rules in the bylaws; these PNCs were mandatorily redeemed for cash.
  • F3–F8: Mr. Filho is a partner at Radar Gestora, which manages several funds (Maliko, Manuka, Radar, Infrad, Tucurui, Xingo). He may be deemed to indirectly own shares via those funds but disclaims beneficial ownership except to the extent of any pecuniary interest.
• Filing timeliness: Reported and filed on 2026-07-07 (timely).

Context

• These were redemptions of preferred-class shares (derivative items), not open-market sales of common stock. Code J indicates “other” disposition—here, a mandatory cash redemption under AXIA’s bylaws.
• The monetary amount is modest (~$3.96k); such routine redemptions or small disposals generally carry limited indicative value about management sentiment.