AXIA Energia S.A. Director Discloses Significant Indirect Net Purchases via Managed Accounts

Executive Summary

On September 16, 2026, AXIA Energia S.A. (Ticker: AXIA3) filed a Form 4 reporting multiple transactions executed on September 14, 2026, by Pedro Batista de Lima Filho, a Director of the Company. The transactions reflect portfolio rebalancing across several managed investment funds overseen by Radar Gestora de Recursos Ltda., in which Mr. Filho is a partner.

Key Transaction Highlights

• Common Shares Activity:
  • Purchases: 512,900 Common Shares purchased across multiple funds (Radar Master, Infrad Master, Xingo Master, Tucurui Master) at prices ranging from $10.48 to $10.50 per share (approx. $5.38M in gross additions).
  • Dispositions: 80,800 Common Shares sold via Maliko Investments LLC and Manuka Investments LLC at $10.64 per share (~$859.7K).
  • Net Impact: Net purchase of 432,100 Common Shares.
• Derivative Activity (Class 'C' Preferred Shares):
  • Multiple purchases and sales executed at conversion-equivalent prices ($10.51 - $10.64), resulting in a net addition of 200,900 Class C Preferred Shares.
• Direct Ownership: Mr. Filho holds 51,115 Common Shares directly.

Insider Background & Ownership Structure

Mr. Filho is a partner at Radar Gestora de Recursos Ltda., which manages portfolios for various funds and accounts, including Radar Master, Infrad Master, Xingo Master, Tucurui Master, Maliko Investments, and Manuka Investments. Beneficial ownership of the underlying securities is disclaimed except to the extent of pecuniary interest.