Afya (AFYA) VP details Class A shares, options and RSU holdings

Rhea-AI Filing Summary

Afya Ltd vice president Stella Caldeira Brant Rodrigues filed an initial ownership report showing her equity position in the company. She directly holds 39,140 Class A Common Shares as of the filing date.

She also holds stock options covering 80,000 Class A Common Shares, with exercise prices of R$62.59 and R$52.00 and expiration dates from May 1, 2027 through May 1, 2030; these options fully vest and become exercisable three years before each expiration date, subject to continued service, and the exercise prices are denominated in Brazilian reais.

In addition, she has restricted stock units over 17,600 Class A Common Shares with no expiration date that will vest on May 1, 2026, also subject to her continued service through that vesting date.

Insider Trade Summary

7 transactions reported

Mixed 7 txns

Insider Alves Stella Caldeira Brant Rodrigues

Role Vice President

Type	Security	Shares	Price	Value
holding	Stock Option (Right to Buy)	--	--	--
holding	Stock Option (Right to Buy)	--	--	--
holding	Stock Option (Right to Buy)	--	--	--
holding	Stock Option (Right to Buy)	--	--	--
holding	Restricted Stock Unit	--	--	--
holding	Restricted Stock Unit	--	--	--
holding	Class A Common Share	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 20,000 shares (Direct); Restricted Stock Unit — 2,400 shares (Direct); Class A Common Share — 39,140 shares (Direct)

Footnotes (1)

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. The exercise price is denominated in Brazilian Reais. Represents Class A Common Shares subject to restricted stock units ("RSUs"). 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. 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.

Understanding Insider Trading Forms →

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Alves Stella Caldeira Brant Rodrigues

(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	39,140	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)	05/01/2024(1)	05/01/2027	Class A Common Share	20,000	$62.59(2)	D
Stock Option (Right to Buy)	05/01/2025(1)	05/01/2028	Class A Common Share	20,000	$62.59(2)	D
Stock Option (Right to Buy)	05/01/2026(1)	05/01/2029	Class A Common Share	20,000	$62.59(2)	D
Stock Option (Right to Buy)	05/01/2027(1)	05/01/2030	Class A Common Share	20,000	$52(2)	D
Restricted Stock Unit	(3)	(3)	Class A Common Share	2,400	(3)	D
Restricted Stock Unit	(4)	(4)	Class A Common Share	15,200	(4)	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 on May 1, 2026, subject to the Reporting Person's continued service through the vesting date.

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.

	/s/ Stella Caldeira Brant Rodrigues Alves	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 the Afya (AFYA) Form 3 filing by vice president Stella Caldeira Brant Rodrigues disclose?

The Form 3 discloses Stella Caldeira Brant Rodrigues’s initial equity holdings in Afya Ltd. It details her direct Class A share ownership, plus stock options and restricted stock units, including their share counts, exercise prices, and key vesting and expiration dates.

How many Afya Class A shares does the reporting vice president hold directly according to the Form 3?

According to the Form 3, the vice president directly holds 39,140 Afya Class A Common Shares. This figure represents her current outright share ownership, separate from any stock options or restricted stock units that may convert into additional shares in the future.

What stock option awards are reported in Afya (AFYA) vice president’s Form 3 statement?

The Form 3 reports stock options over a total of 80,000 Afya Class A Common Shares. These options have exercise prices of R$62.59 and R$52.00, with expiration dates between May 1, 2027 and May 1, 2030, and vest three years before each expiration date.

What restricted stock units (RSUs) are disclosed in the Afya (AFYA) Form 3 filing?

The filing discloses RSUs over 17,600 Afya Class A Common Shares, split into 2,400 and 15,200-share grants. These RSUs have no expiration date and are scheduled to vest on May 1, 2026, contingent on the vice president’s continued service through that vesting date.

Are the exercise prices for Afya (AFYA) stock options in the Form 3 denominated in Brazilian reais?

Yes, the Form 3 specifies that the exercise prices for the reported stock options are denominated in Brazilian reais. This means the R$62.59 and R$52.00 exercise prices reflect Brazilian currency, which is relevant for valuing potential future exercises of those options.

Does the Afya (AFYA) Form 3 indicate any recent buy or sell transactions by the vice president?

The Form 3 functions as an initial ownership statement and lists holdings rather than recent trades. It shows existing shares, stock options, and RSUs as of the reporting date, without identifying any specific buy or sell transaction activity in the disclosed data.