Batista de Lima Filho Pedro 4

What Happened Pedro Batista de Lima Filho, a director of AXIA Energia S.A. (AXIA3), sold a total of 293,200 shares on July 8, 2026 in two open-market/private-sale transactions. The trades were reported at a weighted average price of $10.04 per share (converted from 52.75 BRL), generating proceeds of $2,230,888 (222,200 shares @ $10.04) and $712,840 (71,000 shares @ $10.04), for combined gross proceeds of approximately $2,943,728. These were sales (S) — typically viewed as routine dispositions rather than a bullish signal.

Key Details

• Transaction date: July 8, 2026; Form 4 filed July 10, 2026 (timely filing).
• Prices and amounts:
  • 222,200 shares sold @ $10.04 = $2,230,888
  • 71,000 shares sold @ $10.04 = $712,840
  • Combined: 293,200 shares, ≈ $2,943,728
• Price note: $10.04 is a USD conversion of a weighted average price of 52.75 BRL/share using the U.S. Treasury exchange rate (5.2540 BRL/USD as of March 31, 2026). Reported price excludes brokerage commissions/execution costs.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: The filing states Mr. Filho is a partner at Radar Gestora, which manages several funds (Maliko, Radar, Manuka, Tucurui, Xingo, Infrad). He may be deemed to indirectly beneficially own shares held by those funds, but each fund and Mr. Filho disclaim beneficial ownership except to the extent of pecuniary interest.

Context

• These were outright sales (not option exercises or awards). Sales can be routine (portfolio rebalancing, fund redemptions, tax planning) and do not by themselves indicate management’s view of the company’s prospects.
• Because the filing references multiple investment funds managed by Radar Gestora, some or all shares may have been sold in the capacity of portfolio management for institutional clients rather than personal holdings. The filing includes disclaimers about indirect ownership.