Sec Form 3 Filing - Batista de Lima Filho Pedro @ BRAZILIAN ELECTRIC POWER CO - 2026-03-18

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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Batista de Lima Filho Pedro
2. Issuer Name and Ticker or Trading Symbol
BRAZILIAN ELECTRIC POWER CO [ AXIA3]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
AVENIDA GRACA ARANHA, NO. 26, CENTRO
3. Date of Earliest Transaction (MM/DD/YY)
03/18/2026
(Street)
RIO DE JANEIRO20030-000
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 5,420,200 I By managed account ( 1 ) ( 2 )
Common Shares 2,426,032 I By managed account ( 3 ) ( 4 )
Common Shares 29,152 I By managed account ( 5 ) ( 6 )
Common Shares 38,502 I By managed account ( 7 ) ( 8 )
Common Shares 1,366,500 I By managed account ( 9 ) ( 10 )
Common Shares 1,260,946 I By managed account ( 11 ) ( 12 )
Class "B1" Preferred Shares 14,813,300 I By managed account ( 1 ) ( 2 )
Class "B1" Preferred Shares 8,045,900 I By managed account ( 3 ) ( 4 )
Class "B1" Preferred Shares 274,450 I By managed account ( 5 ) ( 6 )
Class "B1" Preferred Shares 362,073 I By managed account ( 7 ) ( 8 )
Class "B1" Preferred Shares 3,734,776 I By managed account ( 9 ) ( 10 )
Class "B1" Preferred Shares 3,668,377 I By managed account ( 11 ) ( 12 )
Restricted Stock Units ( 13 ) 40,476 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class "C" Preferred Shares ( 14 ) ( 14 ) ( 14 ) Common Shares 5,318,130 I By managed account ( 1 ) ( 2 )
Class "C" Preferred Shares ( 14 ) ( 14 ) ( 14 ) Common Shares 2,751,866 I By managed account ( 3 ) ( 4 )
Class "C" Preferred Shares ( 14 ) ( 14 ) ( 14 ) Common Shares 79,798 I By managed account ( 5 ) ( 6 )
Class "C" Preferred Shares ( 14 ) ( 14 ) ( 14 ) Common Shares 105,286 I By managed account ( 7 ) ( 8 )
Class "C" Preferred Shares ( 14 ) ( 14 ) ( 14 ) Common Shares 1,340,808 I By managed account ( 9 ) ( 10 )
Class "C" Preferred Shares ( 14 ) ( 14 ) ( 14 ) Common Shares 1,295,612 I By managed account ( 11 ) ( 12 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Batista de Lima Filho Pedro
AVENIDA GRACA ARANHA, NO. 26
CENTRO
RIO DE JANEIRO20030-000
X
Signatures
/s/ Pedro Batista de Lima Filho 03/18/2026
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pedro Batista de Lima Filho ("Mr. Filho") is a partner at Radar Gestora de Recursos Ltda. ("Radar Gestora"), which is responsible for the portfolio management of MALIKO INVESTMENTS LLC - BANCO BTG PACTUAL S/A ("Maliko") and receives a performance-based compensation in his capacity as a partner of Radar Gestora , which directly holds 5,420,200 Common Shares, 14,813,300 Preferred "B1" Shares and 5,318,130 Class "C" Shares of Eletrobras - Brazilian Electric Power Co. (the "Company"). Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Maliko.
( 2 )For the purposes of this filing, each of Maliko and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Maliko or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.
( 3 )Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of MANUKA INVESTMENTS LLC - BANCO BTG PACTUAL S/A ("Manuka") and receives a performance-based compensation in his capacity as a partner of Radar Gestora, which directly holds 2,426,032 Common Shares, 8,045,900 Preferred "B1" Shares and 2,751,866 Class "C" Shares of the Company. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Manuka.
( 4 )For the purposes of this filing, each of Manuka and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Manuka or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.
( 5 )Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of TUCURUI MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES ("Tucurui") and receives a performance-based compensation in his capacity as a partner of Radar Gestora, which directly holds 29,152 Common Shares, 274,450 Preferred "B1" Shares and 79,798 Class "C" Shares of the Company. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Tucurui.
( 6 )For the purposes of this filing, each of Tucurui and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Tucurui or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.
( 7 )Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of XINGO MASTER FUNDO DE INVESTIMENTO FINANCEIRO DE ACOES ("Xingo") and receives a performance-based compensation in his capacity as a partner of Radar Gestora, which directly holds 38,502 Common Shares, 362,073 Preferred "B1" Shares and 105,286 Class "C" Shares of the Company. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Xingo.
( 8 )For the purposes of this filing, each of Xingo and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Xingo or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.
( 9 )Mr. Filho is a partner at Radar Gestora which is responsible for the portfolio management of RADAR MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES ("Radar") and receives a performance-based compensation in his capacity as a partner of Radar Gestora, which directly holds 1,366,500 Common Shares, 3,734,776 Preferred "B1" Shares and 1,340,808 Class "C" Shares of the Company. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Radar.
( 10 )For the purposes of this filing, each of Radar and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Radar or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.
( 11 )Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of INFRAD MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES ("Infrad") and receives a performance-based compensation in his capacity as a partner of Radar Gestora, which directly holds 1,260,946 Common Shares, 3,668,377 Preferred "B1" Shares and 1,295,612 Class "C" Shares of the Company. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Infrad.
( 12 )For the purposes of this filing, each of Infrad and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Infrad or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.
( 13 )Each restricted stock unit ("RSU") is the economic equivalent of one Common Share, is settled in Common Shares on a 1:1 basis, and was issued pursuant to the Company restricted share based compensation program. These RSUs are reserved for the Board of Directors.
( 14 )Pursuant to Article 11 of the Bylaws of the Company, the Class "C" Preferred Shares shall be automatically converted into Common Shares, assuming such Class "C" Preferred Shares are not earlier mandatorily redeemed by the Company in accordance with its Bylaws, at a ratio of 1:1, as follows: * 4% of the total volume of originally-issued Class "C" Preferred Shares, allocated proportionally among all holders, in each of the fiscal years 2026, 2027, 2028, 2029 and 2030; and * all Class "C" Preferred Shares remaining, in fiscal year 2031.

Remarks:
The Company currently trades on the B3 S.A. - Brasil, Bolsa, Balcao (B3) under the following ticker symbols, "AXIA3" for its Common Shares; "AXIA6" for its Class "B1" Preferred Shares and "AXIA7" for its Class "C" Preferred Shares.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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