Afya (AFYA) VP gains 10,200 shares from RSU vesting, holds 35,530

Rhea-AI Filing Summary

Afya Ltd vice president Erico Coelho Ribeiro exercised restricted stock units and settled related taxes using company shares. He converted 10,200 RSUs into Class A common shares on a one-for-one basis, while 2,805 shares were withheld at $14.41 per share to cover tax obligations.

After these transactions, he directly holds 35,530 Class A common shares and 13,600 RSUs. The RSUs vested as to 10,200 shares on May 5, 2026, with the remaining units scheduled to vest on May 1, 2027, subject to his continued service.

Insider Trade Summary

10,200 shares exercised/converted

Mixed 3 txns

Insider Coelho Ribeiro Erico

Role Vice President

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	10,200	$0.00	--
Exercise	Class A Common Share	10,200	$0.00	--
Tax Withholding	Class A Common Share	2,805	$14.41	$40K

Holdings After Transaction: Restricted Stock Unit — 13,600 shares (Direct, null); Class A Common Share — 35,530 shares (Direct, null)

Footnotes (1)

1. Restricted stock units (the "RSUs") convert into common shares on a one-for-one basis. The RSUs have no expiration date and vested as to 10,200 shares on May 5, 2026. The remaining RSUs will vest on May 1, 2027, subject to the Reporting Person's continued service through the applicable vesting date.

Key Figures

Tax-withholding shares: 2,805 shares Tax-withholding price: $14.41 per share RSUs converted: 10,200 RSUs +4 more

7 metrics

Tax-withholding shares 2,805 shares Class A common shares delivered to cover taxes at $14.41

Tax-withholding price $14.41 per share Value used for 2,805 shares withheld for tax obligations

RSUs converted 10,200 RSUs Restricted stock units converted one-for-one into Class A common shares

Shares held after 35,530 shares Direct Class A common share holdings following the transactions

RSUs held after 13,600 RSUs Remaining restricted stock units after the 10,200-unit vesting

Vested RSUs date 10,200 on May 5, 2026 RSUs that vested and converted into common shares

Future vesting date May 1, 2027 Date remaining RSUs will vest subject to continued service

Key Terms

Restricted stock units, tax-withholding disposition, derivative exercise/conversion, vesting

4 terms

Restricted stock units financial

"Restricted stock units (the "RSUs") convert into common shares on a one-for-one basis."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities is reported as a tax-withholding disposition."

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative exercise/conversion financial

"Exercise or conversion of derivative security is described as a derivative exercise/conversion."

vesting financial

"The RSUs have no expiration date and vested as to 10,200 shares on May 5, 2026."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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^*

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. 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)
05/07/2026

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	05/07/2026		M		10,200	A	(1)	35,530	D
Class A Common Share	05/07/2026		F		2,805	D	$14.41	32,725	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
Restricted Stock Unit	(1)	05/07/2026		M			10,200	(2)	(2)	Class A Common Share	10,200	$0	13,600	D

Explanation of Responses:

1. Restricted stock units (the "RSUs") convert into common shares on a one-for-one basis.

2. The RSUs have no expiration date and vested as to 10,200 shares on May 5, 2026. The remaining RSUs will vest on May 1, 2027, subject to the Reporting Person's continued service through the applicable vesting date.

	/s/ Erico Coelho Ribeiro	05/11/2026
	** 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 transactions did Afya (AFYA) report for Erico Coelho Ribeiro?

Afya reported that vice president Erico Coelho Ribeiro converted 10,200 restricted stock units into Class A common shares and had 2,805 shares withheld at $14.41 each to satisfy tax obligations related to this vesting event.

How many Afya (AFYA) shares does the vice president hold after this Form 4?

Following the reported transactions, Afya vice president Erico Coelho Ribeiro directly holds 35,530 Class A common shares and 13,600 restricted stock units, reflecting his equity stake after the RSU conversion and related share withholding for taxes.

What price was used for the tax-withholding shares in Afya (AFYA) Form 4?

For the tax-withholding disposition, 2,805 Afya Class A common shares were valued at $14.41 per share. These shares were delivered to cover tax liabilities tied to the vesting and conversion of 10,200 restricted stock units into common shares.

When do Afya (AFYA) vice president’s RSUs vest according to this filing?

The filing states that 10,200 restricted stock units vested on May 5, 2026. The remaining RSUs are scheduled to vest on May 1, 2027, provided that vice president Erico Coelho Ribeiro continues his service with Afya through that vesting date.

What type of insider transaction codes appear in this Afya (AFYA) Form 4?

The Form 4 shows code M for a derivative exercise or conversion of 10,200 restricted stock units into common shares, and code F for a tax-withholding disposition involving 2,805 Class A common shares delivered to satisfy related tax liabilities.