Blanco Luis Andre Carpintero 4
4 · Afya Ltd · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
Afya (AFYA) CFO Blanco Converts RSUs, Sells 6,463 Shares
What Happened
Luis Andre Carpintero Blanco, Afya’s Chief Financial Officer, converted/received 23,500 shares from derivative awards (RSUs) on May 7, 2026. To satisfy tax withholding, 6,463 of those shares were sold at $14.41 per share for proceeds of $93,132. The filing also reports additional RSU-related share dispositions (3,500; 3,200; and 16,800 shares) shown with $0 cash consideration (reported as derivative transactions/withholdings).
Key Details
- Transaction date: May 7, 2026; Form 4 filed May 11, 2026 (filed within the SEC’s two-business-day window).
- Reported acquisition: 23,500 shares (conversion of RSUs).
- Reported dispositions: 6,463 shares sold at $14.41 for $93,132 (code F — payment of exercise price or tax liability); three other derivative dispositions of 3,500, 3,200 and 16,800 shares reported with $0 proceeds (reported as conversions/withholdings).
- Shares owned after the transaction: not specified in the provided filing details.
- Footnotes: F1 — RSUs convert one-for-one into common shares; F2 — one RSU grant vested 3,500 shares on May 5, 2026 with remaining tranches vesting in 2027–2029; F3 — a separate RSU grant fully vested on May 5, 2026.
Context
This was primarily an RSU conversion (award vesting), not an open-market investment. The sale of 6,463 shares at $14.41 appears to be a routine sale to cover tax withholding on the vested awards rather than a discretionary cash-raising sale. The $0 disposals reflect shares withheld/processed as part of the RSU conversion.
Insider Transaction Report
- Exercise/Conversion
Class A Common Share
[F1]2026-05-07+23,500→ 74,603 total - Tax Payment
Class A Common Share
2026-05-07$14.41/sh−6,463$93,132→ 68,140 total - Exercise/Conversion
Restricted Stock Unit
[F1][F2]2026-05-07−3,500→ 31,500 total→ Class A Common Share (3,500 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F3]2026-05-07−3,200→ 0 total→ Class A Common Share (3,200 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F3]2026-05-07−16,800→ 0 total→ Class A Common Share (16,800 underlying)
Footnotes (3)
- [F1]Restricted stock units (the "RSUs") convert into common shares on a one-for-one basis.
- [F2]The RSUs have no expiration date and vested as to 3,500 shares on May 5, 2026. The remaining RSUs will vest as to 7,000, 10,500 and 14,000 shares on the first day of May in 2027, 2028 and 2029, respectively, subject to the Reporting Person's continued service through the applicable vesting dates.
- [F3]The RSUs have no expiration date and fully vested on May 5, 2026.