BRAZILIAN ELECTRIC POWER CO (AXIA-P) — Insider Trading

AI-Powered SEC Filing Analysis

Latest Insider Trading Filed: 2026-04-22

Key Insights

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.

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Earlier Insider Trading filings

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.

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.

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.

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.

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.

Filed: 2026-04-01

The reporting person, Elio Gil de Meirelles Wolff, is an executive officer (Executive Vice-President of Strategy and Business Development) of the Brazilian Electric Power Co. (AXIA3).
The reporting person disposed of 2,068 common shares of the company through a share withholding transaction to satisfy applicable tax withholdings, leaving them with a total of 25,911 beneficially owned shares.
The transaction involved the vesting of 50% of the reporting person's restricted stock units (RSUs), which are part of the company's executive compensation program.

Filed: 2026-03-23

The Chief Executive Officer of Brazilian Electric Power Co. (AXIA3) acquired 46,530 restricted stock units (RSUs), indicating their commitment to the company's long-term success.
The RSU acquisition was an adjustment made in connection with the company's bonus stock issuance in December 2025, suggesting the CEO's stake in the company has increased proportionately.
The reporting person's total beneficial ownership of the company's securities now stands at 223,558 shares, demonstrating their significant ownership position.

Filed: 2026-03-23

Insider Ana Silvia Corso Matte, a director of Brazilian Electric Power Co, acquired 500 Class C preferred shares which will be automatically converted to common shares in the coming years.
The conversion of the Class C preferred shares to common shares will increase the reporting person's direct beneficial ownership of the company's common stock.
The exercise price of the derivative security was denominated in Brazilian reais and has been converted to $9.97 per share using the latest exchange rate.

Filed: 2026-03-23

The reporting person, Pedro Batista de Lima Filho, acquired 10,639 additional restricted stock units (RSUs) of Brazilian Electric Power Co., increasing his total beneficial ownership to 51,115 RSUs.
The additional RSUs were awarded as part of the company's restricted share-based compensation program for the Board of Directors, with no additional consideration paid by the reporting person.
The acquisition of these RSUs suggests the reporting person, who is a director of the company, continues to have a long-term investment interest in Brazilian Electric Power Co.

Filed: 2026-03-23

Rodrigo Limp Nascimento, the Executive Vice-President of Regulation, Institutional, Market Regulation and Corporate Relations at Brazilian Electric Power Co., acquired 18,774 restricted stock units (RSUs) on March 20, 2026.
The number of RSUs held by Rodrigo Limp Nascimento increased to 90,202 following the reported transaction, indicating continued insider confidence in the company.
The RSU grant was made pursuant to the company's restricted share-based compensation program, which aligns the interests of executive officers with those of shareholders.

Filed: 2026-03-23

The reporting person, Camila Gualda Sampaio Araujo, acquired 12,516 restricted stock units (RSUs) of Brazilian Electric Power Co. (AXIA3) on March 20, 2026, indicating ongoing executive compensation and incentive alignment.
The RSU acquisition was an adjustment made pursuant to the reporting person's existing RSU award agreement, in connection with a bonus stock issuance by the company in December 2025, suggesting the company's capital structure has undergone changes.
As an Executive Vice-President of Governance, Risks, Compliance and Sustainability, the reporting person's RSU ownership of 60,135 shares represents a significant stake in the company, potentially signaling strong executive commitment and alignment with shareholder interests.

Filed: 2026-03-23

The reporting person, Elio Gil de Meirelles Wolff, acquired 3,129 restricted stock units (RSUs) of Brazilian Electric Power Co (AXIA3) on March 20, 2026. This suggests the executive has increased his ownership stake in the company.
The acquisition of RSUs was an adjustment made pursuant to the reporting person's existing RSU award agreement, likely in connection with a bonus stock issuance by the company in December 2025.
The reporting person currently holds 15,034 RSUs, representing his direct beneficial ownership in the company. This provides insights into the executive's alignment with shareholder interests through equity-based compensation.

Filed: 2026-03-23

The reporting person, Marcelo de Siqueira Freitas, acquired 4,256 restricted stock units (RSUs) of the Brazilian Electric Power Co. on 03/20/2026, increasing his total RSU holdings to 20,446.
The RSUs were acquired as part of the company's executive compensation program, indicating the reporting person's continuing role and commitment to the organization.
The reporting person did not acquire or dispose of any other securities, suggesting his ownership and interest in the company has remained relatively stable.

Filed: 2026-03-23

The reporting person, Vicente Falconi Campos, acquired 10,639 restricted stock units (RSUs) of Brazilian Electric Power Co., increasing his total beneficial ownership to 51,115 RSUs.
The RSUs were acquired as part of the company's restricted share-based compensation program for the Board of Directors, and the number of RSUs was adjusted to account for a bonus stock issuance in December 2025.
The insider transaction indicates that a director of the company has a continued interest in the company's equity, which could be viewed positively by investors.

Filed: 2026-03-23

The reporting person, Felipe Villela Dias, who is a director of Brazilian Electric Power Co., has acquired 10,639 restricted stock units (RSUs) on March 20, 2026, increasing his total beneficial ownership to 51,115 RSUs.
The RSUs were granted pursuant to the company's restricted share-based compensation program for the Board of Directors, and the number of RSUs was adjusted to account for a bonus stock issuance by the company in December 2025.
The acquisition of RSUs by the director suggests a positive outlook and alignment of interests between the reporting person and the company's shareholders.

Filed: 2026-03-23

Marisete Fatima Dadald Pereira, a director of Brazilian Electric Power Co., has acquired 10,639 restricted stock units, increasing her total beneficial ownership to 51,115 shares.
The RSU acquisition appears to be part of the company's restricted share-based compensation program for its board of directors.
The filing indicates an adjustment to the RSUs was made in connection with a bonus stock issuance carried out by the company in December 2025, suggesting the company is actively managing its capital structure.

Important Information

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