AXIA Energia (AXIA3) Director Pedro Batista de Lima Filho Buys & Sells Shares

What Happened

• Pedro Batista de Lima Filho, a director of AXIA Energia S.A., executed multiple open-market and derivative transactions on 2026-09-14. Across those trades he purchased roughly 356,700 common-equivalent shares (multiple lots, weighted prices ~$10.48–$10.64) for about $9.01M and sold roughly 133,800 shares for about $2.32M — a net purchase of roughly $6.69M. Several purchases/sales are marked as derivative transactions (e.g., conversions/exercises) rather than plain open-market trades.
• Individual notable lots included purchases of 255,600 shares @ $10.48 ($2.68M) and 229,600 shares @ $10.49 ($2.41M), and sales of 34,500 and 46,300 shares @ $10.64 (combined ≈ $859.7K).

Key Details

• Transaction date: 2026-09-14; Form 4 filed 2026-09-16 (timely filing).
• Reported dollar prices are weighted averages converted from BRL using a 5.1740 BRL/USD rate (Treasury rate as of 6/30/2026). The filer offers to provide breakdowns by price on request.
• Purchases (approx.): 356,700 shares, ≈ $9.01M total. Sales (approx.): 133,800 shares, ≈ $2.32M total. Net purchases ≈ $6.69M.
• Shares owned after the transactions: not specified in the details provided here (check the full Form 4 for post-trade holdings).
• Several entries are labeled “Derivative” — these reflect transactions in derivative securities (e.g., conversions or option-related transactions) rather than simple open-market trades.
• Filings include multiple fund-related footnotes: Mr. Filho is a partner at Radar Gestora and may be deemed to indirectly own reported shares via funds he manages (e.g., Infrad, Maliko, Manuka, Tucurui, Xingo, Radar); each fund and Mr. Filho disclaim beneficial ownership except to the extent of pecuniary interest.

Context

• Purchases by insiders are often considered more informative than sales; here the director’s activity was net buying by several million dollars. That can indicate confidence or portfolio rebalancing for funds he manages — the filing’s footnotes show many trades relate to funds under Radar Gestora’s management.
• Derivative transactions can reflect exercises, conversions, or other corporate-share-class mechanics (footnote F12 notes scheduled conversion of class C preferred shares into common shares). Check the full Form 4 and company filings for exact mechanics if that detail matters.