Afya (AFYA) vice president discloses initial share, RSU and option stakes

Rhea-AI Filing Summary

Afya Ltd Vice President Erico Coelho Ribeiro filed an initial ownership report showing direct holdings in common shares and equity awards. He directly holds 25,330 Class A common shares. He also holds restricted stock units covering 23,800 Class A common shares that vest in two tranches, and several stock option grants.

The RSUs will vest as to 10,200 shares on May 1, 2026 and 13,600 shares on May 1, 2027, subject to continued service. Ribeiro also holds three stock option awards, each linked to 20,400 underlying Class A common shares with an exercise price of 59.4700 per share, denominated in Brazilian Reais. These options become exercisable three years before their respective expiration dates in 2029, 2030, and 2031, assuming 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^*

Coelho Ribeiro Erico

(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	25,330	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	20,400	$59.47(2)	D
Stock Option (Right to Buy)	05/01/2027(1)	05/01/2030	Class A Common Share	20,400	$59.47(2)	D
Stock Option (Right to Buy)	05/01/2028(1)	05/01/2031	Class A Common Share	20,400	$59.47(2)	D
Restricted Stock Unit	(3)	(3)	Class A Common Share	23,800	(3)	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 outstanding restricted stock units ("RSUs"). The RSUs have no expiration date, and will vest as to 10,200 shares on May 1, 2026 and as to 13,600 shares on May 1, 2027, subject to the Reporting Person's continued service through the applicable vesting dates.

	/s/ Erico Coelho Ribeiro	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)