Afya CEO sells 4,700 Class A shares

Afya Ltd Chief Executive Officer Gibbon Virgilio Deloy Capobianco reported open-market sales of Class A common shares.

Rhea-AI Filing Summary

Afya Ltd Chief Executive Officer Gibbon Virgilio Deloy Capobianco reported open-market sales of Class A common shares. On March 25, 2026, he sold 3,900 shares at $15.18 per share, and on March 26, 2026 he sold 800 shares at $15.21 per share, totaling 4,700 shares sold. After these transactions, he directly holds 153,748 Class A shares and indirectly holds 200,000 Class A shares through GIBBOAT OVERSEAS LTD, which is solely owned and controlled by him.

Insights

Equity ownership and insider-trading analyst

CEO’s sales are modest relative to his remaining Afya holdings.

The CEO of Afya Ltd executed open-market sales totaling 4,700 Class A shares at prices between $15.18 and $15.21 per share. These are straightforward sale transactions with no options exercises or derivatives involved in this filing.

Following the sales, he still directly owns 153,748 shares and indirectly owns 200,000 shares via GIBBOAT OVERSEAS LTD, which he solely owns and controls. The transactions therefore represent a small portion of his total reported economic exposure to Afya.

Insider Trade Summary

Net Seller: 4,700 shares

Net Sell 3 txns

Insider Gibbon Virgilio Deloy Capobianco

Role Chief Executive Officer

Sold 4,700 shs ($71K)

Type	Security	Shares	Price	Value
Sale	Class A Common Share	800	$15.21	$12K
Sale	Class A Common Share	3,900	$15.18	$59K
holding	Class A Common Share	--	--	--

Holdings After Transaction: Class A Common Share — 153,748 shares (Direct); Class A Common Share — 200,000 shares (Indirect, By GIBBOAT OVERSEAS LTD)

Footnotes (1)

1. F1. GIBBOAT OVERSEAS LTD is solely owned and controlled by the Reporting Person.

FAQ

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What insider transactions did Afya (AFYA) report for its CEO in this Form 4?

Afya’s CEO reported selling 4,700 Class A common shares in open-market transactions. He sold 3,900 shares at $15.18 on March 25, 2026, and 800 shares at $15.21 on March 26, 2026, according to the Form 4 data.

At what prices did Afya (AFYA) CEO Gibbon Virgilio Deloy Capobianco sell shares?

The CEO sold Afya Class A shares at prices around the mid-teens. He sold 3,900 shares at $15.18 per share and 800 shares at $15.21 per share in open-market trades disclosed for March 25 and March 26, 2026.

How many Afya (AFYA) shares does the CEO hold after these reported sales?

After the reported sales, the CEO directly holds 153,748 Afya Class A shares. In addition, he indirectly holds 200,000 Class A shares through GIBBOAT OVERSEAS LTD, which the Form 4 states is solely owned and controlled by him.

Were any derivative securities or option exercises reported in this Afya (AFYA) Form 4?

No derivative securities or option exercises are shown in this Form 4. All reported transactions involve non-derivative Class A common shares and are coded as open-market sales, with derivative-related transaction counts listed as zero in the filing summary.

What is GIBBOAT OVERSEAS LTD’s role in Afya (AFYA) CEO’s holdings?

GIBBOAT OVERSEAS LTD holds 200,000 Afya Class A shares as an indirect ownership position for the CEO. The footnote explains that GIBBOAT OVERSEAS LTD is solely owned and controlled by the reporting person, linking those shares to his economic interest.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/27/2026 - 04:57 PM Learn about SEC filing dates

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^*

Gibbon Virgilio Deloy Capobianco

(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 Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

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	03/25/2026		S		3,900	D	$15.18	154,548	D
Class A Common Share	03/26/2026		S		800	D	$15.21	153,748	D
Class A Common Share								200,000	I	By GIBBOAT OVERSEAS LTD(1)

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:

1. GIBBOAT OVERSEAS LTD is solely owned and controlled by the Reporting Person.

	/s/ Virgilio Deloy Capobianco Gibbon	03/27/2026
	** 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)