{"scope": "company", "symbol": "EBR-B", "name": "EBR-B", "intelligence": {"score": 43, "label": "Distribution bias", "tone": "negative", "stance": "Demand a stronger confirmation bar", "brief": "Priced common-share disposals are concentrated enough to warrant review, but they are not treated as a standalone bearish forecast.", "confidence": 84, "confidence_label": "Deep evidence", "filings": 259, "companies": 1, "insiders": 13, "signal_events": 97, "acquisition_events": 20, "disposal_events": 77, "acquisition_share": 20.6, "disposal_share": 79.4, "acquisition_value": 86459104.5, "disposal_value": 230299591.4, "net_value": -143840486.9, "acquisition_value_label": "$86.5M", "disposal_value_label": "$230.3M", "net_value_label": "-$143.8M", "data_quality": 77, "priced_common_share": 38, "latest_date": "2026-07-08", "latest_signal_date": "2026-07-08", "oldest_date": "2026-04-15", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 123, "bar_width": 94.6}, {"key": "equity_award", "label": "Equity compensation", "count": 0, "bar_width": 0.0}, {"key": "derivative", "label": "Options and derivatives", "count": 6, "bar_width": 4.6}, {"key": "other", "label": "Other securities", "count": 130, "bar_width": 100.0}], "roles": [{"label": "Director", "count": 239, "bar_width": 100.0}, {"label": "Other or unspecified", "count": 20, "bar_width": 8.4}], "supports": ["20 distinct acquisition events survive duplicate and security-type controls.", "Participation spans 13 named insiders rather than one filing source."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight.", "The latest qualifying filing is more than 30 days old."]}, "timeline": [{"start": "2026-05-25", "label": "25 May", "acquisitions": 8, "disposals": 28, "qualified_acquisitions": 2, "qualified_disposals": 13, "total": 36, "height": 72.0, "acquisition_height": 22.2, "disposal_height": 77.8}, {"start": "2026-06-01", "label": "01 Jun", "acquisitions": 14, "disposals": 23, "qualified_acquisitions": 1, "qualified_disposals": 8, "total": 37, "height": 74.0, "acquisition_height": 37.8, "disposal_height": 62.2}, {"start": "2026-06-08", "label": "08 Jun", "acquisitions": 11, "disposals": 10, "qualified_acquisitions": 0, "qualified_disposals": 10, "total": 21, "height": 42.0, "acquisition_height": 52.4, "disposal_height": 47.6}, {"start": "2026-06-15", "label": "15 Jun", "acquisitions": 0, "disposals": 8, "qualified_acquisitions": 0, "qualified_disposals": 6, "total": 8, "height": 16.0, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-06-22", "label": "22 Jun", "acquisitions": 6, "disposals": 6, "qualified_acquisitions": 5, "qualified_disposals": 0, "total": 12, "height": 24.0, "acquisition_height": 50.0, "disposal_height": 50.0}, {"start": "2026-06-29", "label": "29 Jun", "acquisitions": 24, "disposals": 26, "qualified_acquisitions": 5, "qualified_disposals": 7, "total": 50, "height": 100.0, "acquisition_height": 48.0, "disposal_height": 52.0}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 0, "disposals": 5, "qualified_acquisitions": 0, "qualified_disposals": 2, "total": 5, "height": 10.0, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-10", "label": "10 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "market": {}, "transactions": [{"date": "2026-07-08", "insider": "BATISTA, DE LIMA FILHO PEDRO", "role": "Director", "side": "Disposal", "security": "Common Shares", "evidence_class": "common_equity", "value": "2230888.0000", "value_label": "$2.2M"}, {"date": "2026-07-08", "insider": "BATISTA, DE LIMA FILHO PEDRO", "role": "Director", "side": "Disposal", "security": "Common Shares", "evidence_class": "common_equity", "value": "712840.0000", "value_label": "$712.8K"}, {"date": "2026-07-07", "insider": "BATISTA, DE LIMA FILHO PEDRO", "role": "Director", "side": "Disposal", "security": "Class &quot;C&quot; 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Preferred Shares", "evidence_class": "other", "value": "159986.0000", "value_label": "$160.0K"}, {"date": "2026-05-29", "insider": "BATISTA, DE LIMA FILHO PEDRO", "role": "Director", "side": "Disposal", "security": "Class &quot;B1&quot; Preferred Shares", "evidence_class": "other", "value": "151371.0000", "value_label": "$151.4K"}, {"date": "2026-05-29", "insider": "BATISTA, DE LIMA FILHO PEDRO", "role": "Director", "side": "Disposal", "security": "Common Shares", "evidence_class": "common_equity", "value": "144710.0000", "value_label": "$144.7K"}, {"date": "2026-05-29", "insider": "BATISTA, DE LIMA FILHO PEDRO", "role": "Director", "side": "Acquisition", "security": "Class &quot;B1&quot; Preferred Shares", "evidence_class": "other", "value": "144172.0000", "value_label": "$144.2K"}, {"date": "2026-05-27", "insider": "BATISTA, DE LIMA FILHO PEDRO", "role": "Director", "side": "Disposal", "security": "Common Shares", "evidence_class": "common_equity", "value": "3104516.0000", "value_label": "$3.1M"}, {"date": "2026-05-27", "insider": "BATISTA, DE LIMA FILHO PEDRO", "role": "Director", "side": "Disposal", "security": "Common Shares", "evidence_class": "common_equity", "value": "920490.0000", "value_label": "$920.5K"}, {"date": "2026-05-27", "insider": "BATISTA, DE LIMA FILHO PEDRO", "role": "Director", "side": "Disposal", "security": "Common Shares", "evidence_class": "common_equity", "value": "366184.0000", "value_label": "$366.2K"}, {"date": "2026-05-27", "insider": "BATISTA, DE LIMA FILHO PEDRO", "role": "Director", "side": "Disposal", "security": "Common Shares", "evidence_class": "common_equity", "value": "294758.0000", "value_label": "$294.8K"}, {"date": "2026-05-27", "insider": "BATISTA, DE LIMA FILHO PEDRO", "role": "Director", "side": "Disposal", "security": "Class &quot;B1&quot; Preferred Shares", "evidence_class": "other", "value": "280071.0000", "value_label": "$280.1K"}, {"date": "2026-05-27", "insider": "BATISTA, DE LIMA FILHO PEDRO", "role": "Director", "side": "Disposal", "security": "Class &quot;B1&quot; Preferred Shares", "evidence_class": "other", "value": "83025.0000", "value_label": "$83.0K"}, {"date": "2026-05-27", "insider": "BATISTA, DE LIMA FILHO PEDRO", "role": "Director", "side": "Disposal", "security": "Class &quot;B1&quot; Preferred Shares", "evidence_class": "other", "value": "33210.0000", "value_label": "$33.2K"}], "method": "Directional scores use deduplicated, priced common-share evidence with asymmetric disposal weighting, role, freshness, and size controls."}