Batista de Lima Filho Pedro 4
4 · AXIA Energia S.A. · Filed Jul 17, 2026
Research Summary
AI-generated summary of this filing
AXIA Energia Director Pedro Batista de Lima Filho Buys 209,600 Shares
What Happened
- Pedro Batista de Lima Filho, a director of AXIA Energia S.A., reported open-market purchases on July 15, 2026 totaling 209,600 shares (including two derivative-item purchases) for an aggregate cost of approximately $2,024,528.
- Purchases: 95,300 shares @ $9.67 ($921,551) and 104,700 shares @ $9.67 ($1,012,449).
- Derivative purchases: 4,600 shares @ $9.43 ($43,378) and 5,000 shares @ $9.43 ($47,150).
- These are purchases (buying stock), which retail investors often view as a more informative or potentially bullish insider action than routine sales.
Key Details
- Transaction date: July 15, 2026; Form 4 filed July 17, 2026 (within the typical two-business-day Section 16 filing window).
- Prices: weighted-average USD prices reported ($9.67 and $9.43). Footnotes state BRL prices were converted to USD using a 5.1740 BRL/USD rate (Treasury rate as of June 30, 2026).
- Total reported value: ≈ $2.02 million.
- Shares owned after transaction: not specified in the information provided on the filing.
- Notable footnotes:
- F1/F9: reported USD prices are weighted averages converted from BRL; broker commissions excluded.
- F2–F7: Mr. Filho is a partner at Radar Gestora, which manages several funds (Manuka, Infrad, Maliko, Tucurui, Xingo, Radar); he may be deemed to indirectly own shares by virtue of that relationship, but both he and the funds disclaim beneficial ownership except to the extent of pecuniary interest.
- F8: the filing references PNC shares that automatically convert to common shares on a 1:1 schedule across 2026–2031; this likely explains the “Derivative” designation on two line items.
Context
- These are straightforward purchases rather than option exercises or awards. The presence of derivative-line purchases combined with F8 suggests some instruments reported may be convertible/preferred-type securities that convert to common shares over time.
- Because several footnotes indicate the trades involve a portfolio manager relationship with multiple funds (and include disclaimers), the economic interests may lie with those funds rather than solely the individual. The filing is factual and does not state the insider’s motivation.
Insider Transaction Report
Form 4
AXIA Energia S.A.AXIA3
Batista de Lima Filho Pedro
Director
Transactions
- Purchase
Common Shares
[F1][F2]2026-07-15$9.67/sh+95,300$921,551→ 7,016,017 total(indirect: By managed account) - Purchase
Common Shares
[F1][F3]2026-07-15$9.67/sh+104,700$1,012,449→ 4,927,884 total(indirect: By managed account) - Purchase
Class "C" Preferred Shares
[F8][F9][F2]2026-07-15$9.43/sh+4,600$43,378→ 1,669,738 total(indirect: By managed account)→ Common Shares (4,600 underlying) - Purchase
Class "C" Preferred Shares
[F8][F9][F3]2026-07-15$9.43/sh+5,000$47,150→ 1,394,038 total(indirect: By managed account)→ Common Shares (5,000 underlying)
Holdings
- 14,073,419(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] - 4,464,519(indirect: By managed account)
Common Shares
[F7] - 51,115
Common Shares
- 4,813,851(indirect: By managed account)
Class "C" Preferred Shares
[F8][F4]→ Common Shares (4,813,851 underlying) - 60,740(indirect: By managed account)
Class "C" Preferred Shares
[F8][F5]→ Common Shares (60,740 underlying) - 79,809(indirect: By managed account)
Class "C" Preferred Shares
[F8][F6]→ Common Shares (79,809 underlying) - 1,527,452(indirect: By managed account)
Class "C" Preferred Shares
[F8][F7]→ Common Shares (1,527,452 underlying)
Footnotes (9)
- [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, $50.08 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 June 30, 2026 (the most recently published quarterly rate at the time of filing), at a rate of 5.1740 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 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.
- [F3]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.
- [F4]Mr. Filho is a partner at 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.
- [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 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.
- [F8]Pursuant to Article 11 of the Bylaws of the Company, the PNC Shares shall be automatically converted into Common Shares, assuming such PNC Shares are not earlier mandatorily redeemed by the Company in accordance with its Bylaws, at a ratio of 1:1, as follows: 4% of the total volume of originally-issued PNC Shares, allocated proportionally among all holders, in each of the fiscal years 2026, 2027, 2028, 2029 and 2030; and all PNC Shares remaining, in fiscal year 2031.
- [F9]The price reported in column 8 is a weighted average price. The reporting person undertakes to provide to 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, $48.83 BRL per share, has been converted to USD using the U.S. Department of the Treasury Bureau of the Fiscal Service Treasury Reporting Rates of Exchange as of June 30, 2026 (the most recently published quarterly rate at the time of filing), at a rate of 5.1740 BRL per USD (fiscaldata.treasury.gov). Brokerage commissions and other costs of execution, if any, are excluded from the reported price.
Signature
/s/ Pedro Batista de Lima Filho|2026-07-17