Afya (NASDAQ: AFYA) VP Del Bianco lists stock, option and RSU stakes

Rhea-AI Filing Summary

Afya Ltd executive Denis Del Bianco, a Vice President, reported his existing equity interests in the company. The filing shows multiple stock option grants over Class A common shares with exercise prices of 62.5900 and 52.0000 (denominated in Brazilian Reais) and staggered vesting and expiration dates through 2033. It also lists several restricted stock unit awards over 35,000, 3,200 and 15,200 Class A shares that vest between 2026 and 2029, plus 9,545 Class A common shares held directly.

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^*

DEL BIANCO DENIS

(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)
	Vice President

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	9,545	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	14,000	$62.59(2)	D
Stock Option (Right to Buy)	05/01/2027(1)	05/01/2030	Class A Common Share	14,000	$62.59(2)	D
Stock Option (Right to Buy)	05/01/2028(1)	05/01/2031	Class A Common Share	14,000	$62.59(2)	D
Stock Option (Right to Buy)	05/01/2029(1)	05/01/2032	Class A Common Share	14,000	$62.59(2)	D
Stock Option (Right to Buy)	05/01/2030(1)	05/01/2033	Class A Common Share	14,000	$62.59(2)	D
Stock Option (Right to Buy)	05/01/2026(1)	05/01/2029	Class A Common Share	21,000	$52(2)	D
Stock Option (Right to Buy)	05/01/2027(1)	05/01/2030	Class A Common Share	21,000	$52(2)	D
Restricted Stock Unit	(3)	(3)	Class A Common Share	35,000	(3)	D
Restricted Stock Unit	(4)	(4)	Class A Common Share	3,200	(4)	D
Restricted Stock Unit	(5)	(5)	Class A Common Share	15,200	(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. Exercise prices are 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 3,500, 7,000, 10,500 and 14,000 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/ Denis Del Bianco	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 Denis Del Bianco’s Form 3 filing for Afya (AFYA) show?

The Form 3 shows Vice President Denis Del Bianco’s existing equity interests in Afya, including stock options, restricted stock units and directly held Class A common shares, providing a baseline of his ownership at the time of becoming a reporting insider.

What stock options does Denis Del Bianco hold in Afya (AFYA)?

He holds several stock option grants over Afya Class A common shares with exercise prices of 62.5900 and 52.0000, denominated in Brazilian Reais, vesting three years before expiration and expiring between 2029 and 2033, contingent on continued service.

What restricted stock units (RSUs) are reported for Afya (AFYA) VP Denis Del Bianco?

The filing lists RSUs over 35,000, 3,200 and 15,200 Afya Class A common shares. These RSUs have no expiration date and vest on specified May 1 dates from 2026 through 2029, subject to his continued service with the company.

How many Afya (AFYA) Class A shares does Denis Del Bianco hold directly?

The report shows Denis Del Bianco directly holding 9,545 Afya Class A common shares. This direct share position is separate from his stock options and restricted stock units and reflects his immediate equity stake in the company’s traded share class.

Do Denis Del Bianco’s Afya (AFYA) equity awards have service-based vesting?

Yes. Both the stock options and RSUs vest only if Denis Del Bianco continues serving Afya through their respective vesting dates, creating a service-based incentive structure tied to his ongoing employment with the company over several future years.