Gualda Sampaio Araujo Camila 4
Research Summary
AI-generated summary
Brazilian Electric Power Co (AXIA3) Exec Camila Araujo Sells Shares
What Happened
- Camila Gualda Sampaio Araujo, Executive Vice‑President of Governance, Risks, Compliance and Sustainability, disposed of a total of 34,186 shares on April 7, 2026. She sold 20,575 shares at $11.31 each (total $232,703) and 13,611 shares at $10.88 each (total $148,088). Both transactions are reported as sales (open market or private sale); the second sale is marked as a derivative transaction.
Key Details
- Transaction dates and prices:
- 2026-04-07: 20,575 shares sold at $11.31 — $232,703 (F1: USD price converted from BRL 59.4326 at FX rate 5.2540).
- 2026-04-07: 13,611 shares sold at $10.88 — $148,088 (F3: USD price converted from BRL 57.1432 at FX rate 5.2540). This line is reported as a derivative transaction.
- Total proceeds reported: ~$380,791.
- Footnotes of note:
- F1/F3: Original exercise prices were denominated in Brazilian reais and converted to USD using the U.S. Treasury quarter-end rate (5.2540 BRL/USD); brokerage commissions excluded.
- F2: Company bylaw notes automatic 1:1 conversion schedule for Class "C" preferred shares into common shares over 2026–2031 (may be relevant to derivative/convertible holdings).
- Shares owned after the transaction: not disclosed in the information provided.
- Filing timeliness: Form filed on Apr 8, 2026 for transactions on Apr 7, 2026 — appears timely.
Context
- The second sale being marked "derivative" generally means shares sold were connected to a derivative instrument (e.g., conversion or exercise), and the filing notes the USD prices reflect conversion from BRL exercise prices. The filing does not state motives or whether shares were immediately sold after any exercise/conversion; no tax‑withholding or 10b5‑1 plan was disclosed in the provided details.