AXIA-P (AXIA-P)

Insider Trading Filed: 2026-05-15

Director Pedro Batista de Lima Filho executed significant sales of common shares (591,100 shares) and Class B1 preferred shares (75,200 shares) on May 13, 2026, at prices of $10.62 and $11.72 respectively, representing a substantial reduction in his direct holdings.
All transactions were executed through managed accounts via Radar Gestora de Recursos Ltda., with the reporting person disclaiming beneficial ownership except for pecuniary interest, suggesting these sales may reflect portfolio rebalancing rather than loss of confidence in the company.
The filing reveals complex indirect ownership structures across multiple investment funds (Maliko, Manuka, Radar, Infrad, Tucurui), with the insider maintaining significant residual positions after the sales, indicating continued material investment in AXIA despite the liquidation activity.

Insider Trading Filed: 2026-05-11

Director Ana Silvia Corso Matte acquired 2,000 common shares on 05/08/2026 at approximately $11.19-$11.20 per share, totaling roughly $22,380 in insider purchases, signaling confidence in the company's near-term prospects.
The reporting person now beneficially owns 13,200 shares directly and 1,000 shares indirectly through spouse, demonstrating meaningful personal stake in AXIA Energia's performance.
Both transactions were executed at virtually identical prices ($11.19 vs $11.20), suggesting coordinated or simultaneous purchases that may indicate planned capital deployment rather than opportunistic trading.
The use of Treasury Department exchange rates from March 31, 2026 for May transactions highlights the complexities of cross-border insider trading compliance for Brazilian energy companies traded on U.S. exchanges.

Insider Trading Filed: 2026-04-22

Director Pedro Batista de Lima Filho executed significant sales on 04/20/2026, selling 997,982 common shares at $12.20 USD and 400,000 Class B1 preferred shares at $13.40 USD, indicating a notable reduction in direct holdings.
All reported securities are held indirectly through managed accounts via Radar Gestora, including multiple investment funds (Maliko, Manuka, Tucurui, Xingo), with the filer disclaiming beneficial ownership except for pecuniary interest, suggesting portfolio diversification rather than concentrated personal holdings.
The filing shows substantial indirect ownership positions across multiple share classes totaling over 26 million common and preferred shares across various managed accounts, demonstrating significant exposure to AXIA Energia despite the reported sales transaction.
Sales were executed at weighted average prices in Brazilian reals (64.12 BRL per common share) converted to USD using Treasury rates from March 31, 2026, suggesting the transaction occurred during a period of potential market activity or rebalancing.

Insider Trading Filed: 2026-04-21

Director Pedro Batista de Lima Filho executed significant sales on 04/17/2026, disposing of 1,280,000 common shares at $12.20 and 360,600 Class B1 preferred shares at $13.39, totaling substantial portfolio reduction.
All reported securities are held indirectly through multiple managed accounts (Maliko, Manuka, Tucurui, Xingo funds) under Radar Gestora's portfolio management, with the reporting person disclaiming beneficial ownership except for pecuniary interest—indicating professional asset management rather than personal investment conviction.
The sales represent a notable reduction in director holdings across multiple share classes, which could signal reduced confidence or rebalancing of investment positions, though the indirect structure through managed accounts limits interpretation of insider intent.
Currency conversion from Brazilian reals (BRL 64.11 per share) to USD at March 31, 2026 exchange rate reflects AXIA's Brazilian operations and potential exposure to FX volatility for US-listed investors.

Insider Trading Filed: 2026-04-17

Rodrigo Limp Nascimento, the Executive Vice-President of Regulation, Institutional, Market Regulation and Corporate Relations at AXIA Energia S.A. (AXIA3), has sold 15,000 common shares of the company at $12.65 per share on April 15, 2026.
Following the transaction, Nascimento now holds 120,775 common shares of AXIA Energia S.A. directly.
The sale represents a small portion (around 11%) of Nascimento's total direct holdings in the company.

Insider Trading Filed: 2026-04-08

The reporting person, Camila Gualda Sampaio Araujo, who is the Executive Vice-President of Governance, Risks, Compliance and Sustainability at Brazilian Electric Power Co., sold 20,575 common shares and 13,611 Class C preferred shares on April 7, 2026.
The common shares were sold at $11.31 per share, while the Class C preferred shares were sold at $10.88 per share.
The reporting person now owns 83,077 common shares, a decrease from her previous holdings.

Insider Trading Filed: 2026-04-01

Rodrigo Limp Nascimento, the Executive Vice-President of Regulation, Institutional, Market Regulation and Corporate Relations, has disposed of 12,403 common shares of Brazilian Electric Power Co. (AXIA-P) through a share withholding transaction to satisfy applicable tax obligations.
Nascimento still holds a significant position of 135,775 shares, representing his continued commitment and alignment with the company's interests.
The share disposition appears to be a routine tax-related transaction and not an indication of any significant change in Nascimento's ownership or the company's outlook.

Insider Trading Filed: 2026-04-01

Camila Gualda Sampaio Araujo, the Executive Vice-President of Governance, Risks, Compliance and Sustainability, has reported a disposition of 8,269 common shares of Brazilian Electric Power Co. (AXIA3) through a share withholding transaction to satisfy applicable tax withholdings.
Following the transaction, Camila Gualda Sampaio Araujo continues to hold 103,652 common shares, including vested restricted stock units (RSUs) and unvested RSUs.
The RSUs were issued pursuant to the company's restricted share-based compensation program and are reserved for executive officers.

Insider Trading Filed: 2026-04-01