AXIA Energia Director Reports Portfolio Rebalancing via Managed Accounts

Executive Summary

On September 2, 2026, AXIA Energia S.A. director Pedro Batista de Lima Filho filed a Form 4 detailing multiple open-market transactions executed on August 31, 2026. The reported transactions reflect portfolio rebalancing across several investment funds managed by Radar Gestora de Recursos Ltda., where Mr. Filho is a partner.

Key Transaction Details

• Common Shares Activity:
  • Sales: Aggregate dispositions of 711,200 common shares across multiple managed entities (including Maliko Investments, Manuka Investments, Radar Master FIA, Infrad Master FIA, Tucurui Master FIA, and Xingo Master FIA) at weighted average prices between $10.28 USD (converted from BRL 53.18–53.20).
  • Purchases: Aggregate acquisitions of 93,600 common shares across select fund accounts at a weighted average price of $10.27 USD (BRL 53.12).
• Class 'C' Preferred Shares Activity:
  • Simultaneous sales of 54,800 preferred shares and purchases of 54,800 preferred shares at $10.27 USD (BRL 53.14).
• Direct Holdings: Mr. Filho continues to directly hold 51,115 Common Shares.

Ownership & Context

All reported transactions were executed indirectly through managed fund accounts under Radar Gestora. Mr. Filho disclaims beneficial ownership of these securities except to the extent of his pecuniary interest arising from performance-based compensation.