Blanco Luis Andre Carpintero 4

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.