Afya (AFYA) CFO sells 10,000 Class A shares in open market

Rhea-AI Filing Summary

Afya Ltd Chief Financial Officer sells shares in open-market trade. CFO Luis Andre Carpintero Blanco sold 10,000 Class A common shares of Afya Ltd in an open-market transaction at $15.20 per share. After this sale, he directly holds 51,103 Class A common shares.

Insights

Equity compensation and insider-trading analyst

CFO executes a moderate open-market share sale, retaining a sizable stake.

Afya Ltd’s Chief Financial Officer, Luis Andre Carpintero Blanco, completed an open-market sale of 10,000 Class A common shares at $15.20 per share. The transaction is classified as a non-derivative open-market sale, indicating a direct reduction in his common share holdings.

Following the sale, the CFO continues to hold 51,103 Class A common shares directly. With no derivative positions disclosed in this filing, the visible exposure is entirely through common stock. Given the remaining stake and the single sale, this appears as a routine liquidity event rather than a transformational change in ownership.

Insider Trade Summary

Net Seller: 10,000 shares ($152,000)

Net Sell 1 txn

Insider Blanco Luis Andre Carpintero

Role Chief Financial Officer

Sold 10,000 shs ($152K)

Type	Security	Shares	Price	Value
Sale	Class A Common Share	10,000	$15.20	$152K

Holdings After Transaction: Class A Common Share — 51,103 shares (Direct)

Footnotes (1)

Key Figures

Shares sold: 10,000 shares Sale price: $15.20 per share Shares held after sale: 51,103 shares

3 metrics

Shares sold 10,000 shares Class A Common Share, open-market sale

Sale price $15.20 per share Price for the 10,000 Class A shares sold

Shares held after sale 51,103 shares Class A common shares beneficially owned following transaction

Key Terms

open-market sale, non-derivative, transaction code

3 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

non-derivative financial

""transaction_type": "non-derivative""

transaction code financial

""transaction_code": "S""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Blanco Luis Andre Carpintero

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Share	04/08/2026		S		10,000	D	$15.2	51,103	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Luis Andre Carpintero Blanco	04/10/2026
	** 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 4 (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 4: SEC 1474 (03-26)

FAQ

What insider transaction did Afya (AFYA) report for its CFO?

Afya Ltd reported that Chief Financial Officer Luis Andre Carpintero Blanco sold 10,000 Class A common shares in an open-market transaction. The shares were sold at $15.20 each, and the transaction was reported on a Form 4 insider trading filing.

At what price did Afya (AFYA) CFO sell his Class A common shares?

The Afya Ltd CFO sold his Class A common shares at $15.20 per share. This price applies to the 10,000 shares sold in the reported open-market transaction, according to the Form 4 insider trading disclosure for the sale.

How many Afya (AFYA) shares does the CFO hold after the reported sale?

After the reported transaction, Afya Ltd’s Chief Financial Officer directly holds 51,103 Class A common shares. This remaining ownership level is disclosed in the Form 4 as the total shares beneficially owned following the 10,000-share open-market sale.

Was the Afya (AFYA) CFO transaction a buy or a sell?

The transaction by Afya Ltd’s Chief Financial Officer was a sell. The Form 4 lists a transaction code “S” and describes it as an open-market sale of 10,000 non-derivative Class A common shares at a price of $15.20 per share.

Did the Afya (AFYA) CFO exercise any options in this Form 4 filing?

No, this Form 4 filing does not report any option exercises. It only shows a non-derivative open-market sale of 10,000 Class A common shares, with derivative transaction counts and remaining derivative positions reported as zero in the summary data.