Afya (NASDAQ: AFYA) VP details initial share, option and RSU holdings

Rhea-AI Filing Summary

Afya Ltd executive Anibal Jose Grifo de Sousa, VP Legal Compliance & Government Relations, filed an initial ownership report showing existing equity interests. He directly holds 50,000 Class A Common Shares.

He also reports multiple stock option grants over Class A Common Shares with exercise prices of 52.0000 and 62.5900, with options vesting three years before their respective expiration dates and exercise prices denominated in Brazilian Reais. In addition, he holds restricted stock units covering 15,000, 2,400 and 13,600 Class A Common Shares that vest between May 1, 2026 and May 1, 2029, subject to continued service.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

GRIFO DE SOUSA ANIBAL JOSE

(Last) (First) (Middle)

C/O AFYA LIMITED

RUA PARAIBA NO. 330 17TH FL FUNCIONARIOS

(Street)

BELO HORIZONTE MINAS GERAIS 30130-917

(City) (State) (Zip)

BRAZIL

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Afya Ltd [ AFYA ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP Legal Compl & Govt Relation

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Share	50,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	05/01/2026(1)	05/01/2029	Class A Common Share	6,000	$62.59(2)	D
Stock Option (Right to Buy)	05/01/2027(1)	05/01/2030	Class A Common Share	6,000	$62.59(2)	D
Stock Option (Right to Buy)	05/01/2028(1)	05/01/2031	Class A Common Share	6,000	$62.59(2)	D
Stock Option (Right to Buy)	05/01/2029(1)	05/01/2032	Class A Common Share	6,000	$62.59(2)	D
Stock Option (Right to Buy)	05/01/2030(1)	05/01/2033	Class A Common Share	6,000	$62.59(2)	D
Stock Option (Right to Buy)	05/01/2025(1)	05/01/2028	Class A Common Share	19,000	$52(2)	D
Stock Option (Right to Buy)	05/01/2026(1)	05/01/2029	Class A Common Share	19,000	$52(2)	D
Stock Option (Right to Buy)	05/01/2027(1)	05/01/2030	Class A Common Share	19,000	$52(2)	D
Restricted Stock Unit	(3)	(3)	Class A Common Share	15,000	(3)	D
Restricted Stock Unit	(4)	(4)	Class A Common Share	2,400	(4)	D
Restricted Stock Unit	(5)	(5)	Class A Common Share	13,600	(5)	D

Explanation of Responses:

1. The options fully vest and become exercisable three years prior to the expiration date, subject to the Reporting Person's continued service through the applicable vesting dates.

2. The exercise price is denominated in Brazilian Reais.

3. Represents Class A Common Shares subject to restricted stock units ("RSUs"). The RSUs have no expiration date and will vest as to 1,500, 3,000, 4,500 and 6,000 shares on the first day of May in 2026, 2027, 2028 and 2029, respectively, subject to the Reporting Person's continued service through the applicable vesting dates.

4. The RSUs have no expiration date and will vest on May 1, 2026, subject to the Reporting Person's continued service through the vesting date.

5. The RSUs have no expiration date and will vest on May 1, 2026, subject to the Reporting Person's continued service through the vesting date.

	/s/ Anibal Jose Grifo de Sousa	03/18/2026
	** Signature of Reporting Person	Date
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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Afya (AFYA) VP Anibal Jose Grifo de Sousa report on this Form 3?

He reports his initial equity ownership in Afya Ltd, including 50,000 Class A Common Shares, multiple stock option grants, and several restricted stock unit awards that will vest over future years, all held directly in his name.

How many Afya (AFYA) Class A Common Shares does the executive directly hold?

He directly holds 50,000 Class A Common Shares. In addition to these shares, he has stock options and restricted stock units tied to additional Class A Common Shares that may become shares in the future, subject to vesting and exercise conditions.

What stock option awards are disclosed for the Afya (AFYA) executive on this Form 3?

He reports stock options over Afya Class A Common Shares with exercise prices of 52.0000 and 62.5900. The options fully vest and become exercisable three years before their respective expiration dates, assuming he continues in service through the applicable vesting dates.

In what currency are the Afya (AFYA) stock option exercise prices denominated?

The exercise prices for the reported stock options are denominated in Brazilian Reais. This means the strike prices of 52.0000 and 62.5900 are set in local currency rather than U.S. dollars for these Afya equity awards.

What restricted stock units (RSUs) does the Afya (AFYA) executive hold?

He holds RSUs covering 15,000, 2,400 and 13,600 Afya Class A Common Shares. These RSUs have no expiration date and will vest on May 1, 2026, 2027, 2028 and 2029, subject to his continued service through the vesting dates.

When will the Afya (AFYA) executive’s restricted stock units vest?

The RSUs are scheduled to vest as to 1,500, 3,000, 4,500 and 6,000 shares on the first day of May in 2026, 2027, 2028 and 2029, with additional RSU tranches vesting on May 1, 2026, provided he remains in service.