What is GIBBOAT OVERSEAS LTD’s role in Afya (AFYA) share ownership?

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

Afya (AFYA) CEO sells 21,820 shares, retains significant stake

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Afya Ltd Chief Executive Officer Gibbon Virgilio Deloy Capobianco reported open-market sales of 21,820 Class A Common Shares of Afya Ltd over two days. He sold 19,500 shares on April 1, 2026 at $14.98 per share and 2,320 shares on March 31, 2026 at $14.92 per share.

Following these transactions, he holds 130,118 Class A Common Shares directly. He also has an indirect holding of 200,000 Class A Common Shares through GIBBOAT OVERSEAS LTD, which the footnote states is solely owned and controlled by him.

Insider Trade Summary

Net Seller: 21,820 shares ($326,724)

Net Sell 3 txns

Insider Gibbon Virgilio Deloy Capobianco

Role Chief Executive Officer

Sold 21,820 shs ($327K)

Type	Security	Shares	Price	Value
Sale	Class A Common Share	19,500	$14.98	$292K
Sale	Class A Common Share	2,320	$14.92	$35K
holding	Class A Common Share	--	--	--

Holdings After Transaction: Class A Common Share — 130,118 shares (Direct); Class A Common Share — 200,000 shares (Indirect, By GIBBOAT OVERSEAS LTD)

Footnotes (1)

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Key Figures

Total shares sold: 21,820 shares April 1, 2026 sale: 19,500 shares at $14.98/share March 31, 2026 sale: 2,320 shares at $14.92/share +2 more

5 metrics

Total shares sold 21,820 shares Open-market sales on March 31 and April 1, 2026

April 1, 2026 sale 19,500 shares at $14.98/share Class A Common Shares open-market transaction

March 31, 2026 sale 2,320 shares at $14.92/share Class A Common Shares open-market transaction

Direct holdings after sales 130,118 shares Class A Common Shares held directly by CEO after transactions

Indirect holdings via GIBBOAT OVERSEAS LTD 200,000 shares Class A Common Shares held indirectly; entity solely owned and controlled by CEO

Key Terms

open-market sale, Class A Common Share, indirect ownership, Form 4, +1 more

5 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.

indirect ownership financial

"ownership_type": "indirect""

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

beneficial ownership financial

"solely owned and controlled by the Reporting Person"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 01:53 PM

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, BRAZIL

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)
03/31/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Share	03/31/2026		S		2,320	D	$14.92	149,618	D
Class A Common Share	04/01/2026		S		19,500	D	$14.98	130,118	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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

	/s/ Virgilio Deloy Capobianco Gibbon	04/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

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

Afya’s CEO, Gibbon Virgilio Deloy Capobianco, reported selling 21,820 Class A Common Shares in open-market transactions. The sales occurred on March 31 and April 1, 2026, according to a Form 4 insider trading report.

At what prices did Afya (AFYA) CEO sell his Class A shares?

The CEO sold 19,500 Class A Common Shares at $14.98 per share and 2,320 shares at $14.92 per share. Both transactions were reported as open-market sales in the Form 4 filing.

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

After the reported transactions, the CEO directly holds 130,118 Class A Common Shares. The filing also shows an additional 200,000 Class A Common Shares held indirectly through GIBBOAT OVERSEAS LTD, which he solely owns and controls.

Were Afya (AFYA) CEO’s transactions open-market sales or other types?

The Form 4 describes both transactions as open-market sales of Class A Common Shares. They are coded as “S” with the description “Sale in open market or private transaction,” indicating routine share disposals rather than option exercises or gifts.