Afya (AFYA) VP converts options into 19,000 Class A shares

Rhea-AI Filing Summary

Afya Ltd executive Anibal Jose Grifo de Sousa, V.P. Legal, Compliance & Government Relations, exercised stock options covering 19,000 Class A common shares at $11.83 per share. This option exercise converted derivative holdings into common stock and did not involve any open-market sale.

Following the transaction, he directly owns 50,000 Class A common shares. The related stock option for 19,000 shares, originally exercisable beginning on May 1, 2025 and expiring on May 1, 2028, now shows zero derivative shares remaining in this award.

Insider Trade Summary

19,000 shares exercised/converted

Mixed 2 txns

Insider GRIFO DE SOUSA ANIBAL JOSE

Role V.P. Legal, Comp. & Gov. Rel.

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	19,000	$0.00	--
Exercise	Class A Common Share	19,000	$11.83	$225K

Holdings After Transaction: Stock Option (Right to Buy) — 0 shares (Direct, null); Class A Common Share — 50,000 shares (Direct, null)

Footnotes (1)

Key Figures

Options exercised: 19,000 shares Exercise price: $11.83/share Shares owned after: 50,000 shares +3 more

6 metrics

Options exercised 19,000 shares Class A common shares acquired via option exercise on April 22, 2026

Exercise price $11.83/share Conversion or exercise price for 19,000 stock options

Shares owned after 50,000 shares Direct Class A common share ownership following the transaction

Derivative shares exercised 19,000 options Stock Option (Right to Buy) converted into Class A common shares

Option exercisable date May 1, 2025 Initial exercisability date for the stock option award

Option expiration May 1, 2028 Expiration date of the exercised stock option award

Key Terms

Form 4, Class A Common Share, Stock Option (Right to Buy), Exercise or conversion of derivative security, +1 more

5 terms

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.

Class A Common Share financial

""security_title": "Class A Common Share""

Stock Option (Right to Buy) financial

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

Exercise or conversion of derivative security financial

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

derivative financial

""transaction_type": "derivative""

A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.

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^*

GRIFO DE SOUSA ANIBAL JOSE

(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)
	V.P. Legal, Comp. & Gov. Rel.

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		19,000	A	$11.83	50,000	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			19,000	05/01/2025	05/01/2028	Class A Common Share	19,000	$0	0	D

Explanation of Responses:

	/s/ Anibal Jose Grifo de Sousa	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 insider transaction did Afya (AFYA) report for Anibal Jose Grifo de Sousa?

Afya reported that executive Anibal Jose Grifo de Sousa exercised stock options for 19,000 Class A common shares. This converted options into shares at a set price, increasing his direct share ownership without any reported open-market sale activity.

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

After the option exercise, the executive directly holds 50,000 Class A common shares. This figure comes from the post-transaction ownership line in the Form 4 and reflects his updated equity stake following the 19,000-share option conversion.

What was the exercise price for the Afya (AFYA) stock options?

The stock options were exercised at an exercise price of $11.83 per share. This fixed price was specified as the conversion or exercise price for the 19,000-stock-option award tied to Afya’s Class A common shares.

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

No sales were reported; the Form 4 only shows an option exercise coded “M,” which converts derivative securities into common shares. The transaction increased direct share ownership, with no open-market sale or tax-withholding disposition disclosed in this filing.

What were the key dates for the Afya (AFYA) stock option exercised?

The stock option had an exercise date beginning on May 1, 2025, and an expiration date of May 1, 2028. The Form 4 shows the option being exercised on April 22, 2026, before its scheduled expiration.