Afya (AFYA) VP converts options into 66,000 Class A shares

Rhea-AI Filing Summary

Afya Ltd Vice President Junior Lelio de Souza exercised stock options to acquire 66,000 Class A common shares on April 22, 2026. The options had an exercise price of $11.83 per share. After these transactions, he directly holds 66,000 Class A common shares and 6,000 stock options.

Insider Trade Summary

66,000 shares exercised/converted

Mixed 3 txns

Insider Junior Lelio de Souza

Role Vice President

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	36,000	$0.00	--
Exercise	Stock Option (Right to Buy)	30,000	$0.00	--
Exercise	Class A Common Share	66,000	$11.83	$781K

Holdings After Transaction: Stock Option (Right to Buy) — 0 shares (Direct, null); Class A Common Share — 66,000 shares (Direct, null)

Footnotes (1)

Key Figures

Shares acquired via exercise: 66,000 shares Option exercise price: $11.83 per share First option tranche exercised: 30,000 options +3 more

6 metrics

Shares acquired via exercise 66,000 shares Class A common shares acquired April 22, 2026

Option exercise price $11.83 per share Conversion or exercise price for options

First option tranche exercised 30,000 options Stock options exercisable since May 1, 2024

Second option tranche exercised 36,000 options Stock options exercisable since May 1, 2023

Shares held after transactions 66,000 shares Direct Class A common share ownership after April 22, 2026

Remaining options 6,000 options Stock options remaining after exercises

Key Terms

Stock Option (Right to Buy), Class A Common Share, derivative exercise/conversion, Exercise or conversion of derivative security

4 terms

Stock Option (Right to Buy) financial

"security_title: "Stock Option (Right to Buy)""

Class A Common Share financial

"security_title: "Class A Common Share""

derivative exercise/conversion financial

"transaction_action: "derivative exercise/conversion""

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

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^*

Junior Lelio de Souza

(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)
	Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/22/2026

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	04/22/2026		M		66,000	A	$11.83	66,000	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
Stock Option (Right to Buy)	$11.83	04/22/2026		M			36,000	05/01/2023	05/01/2026	Class A Common Share	36,000	$0	0	D
Stock Option (Right to Buy)	$11.83	04/22/2026		M			30,000	05/01/2024	05/01/2027	Class A Common Share	30,000	$0	6,000	D

Explanation of Responses:

	/s/ Lelio de Souza Junior	04/24/2026
	** 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 did Afya (AFYA) executive Junior Lelio de Souza report in this Form 4?

Junior Lelio de Souza reported exercising stock options to acquire 66,000 Afya Class A common shares on April 22, 2026. These derivative exercises converted existing options into directly held shares at an exercise price of $11.83 per share.

How many Afya (AFYA) shares does the Vice President hold after these transactions?

Following the reported option exercises, Junior Lelio de Souza directly holds 66,000 Afya Class A common shares. This figure reflects his position after converting stock options into shares on April 22, 2026, as disclosed in the Form 4 filing.

What stock options did Afya (AFYA) Vice President exercise in this filing?

He exercised two tranches of stock options: 30,000 options exercisable since May 1, 2024, and 36,000 options exercisable since May 1, 2023. Both series carried a conversion or exercise price of $11.83 per share into Afya Class A common shares.

Does the Afya (AFYA) executive still hold any stock options after these exercises?

Yes. After exercising a total of 66,000 options, the Form 4 shows 6,000 stock options remaining. These options relate to Afya Class A common shares and continue to be held directly by the executive following the April 22, 2026 transactions.

Were any Afya (AFYA) shares sold in this Form 4 transaction?

No sales are reported. The Form 4 shows only derivative exercises coded “M,” converting stock options into 66,000 Afya Class A common shares. There are no entries with open-market sale codes or dispositions such as “S” or “F” in this filing.