Nicolau Carvalho Esteves - 18 Mar 2026 Form 3 Insider Report for Afya Ltd (AFYA)

Role: Director
Signature: /s/ Nicolau Carvalho Esteves
Issuer symbol: AFYA
Transactions as of: 18 Mar 2026
Net transactions value: $0
Form type: 3
Filing time: 18 Mar 2026, 07:59:02 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Esteves Nicolau Carvalho	Director	C/O AFYA LIMITED, RUA PARAIBA NO.330 17TH FL, FUNCIONARIOS, BELO HORIZONTE, BRAZIL	/s/ Nicolau Carvalho Esteves	18 Mar 2026	0001803135

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AFYA	Class A Common Share						13,916	18 Mar 2026	Direct
holding	AFYA	Class A Common Share						5,321,379	18 Mar 2026	By NRE Capital Ventures Ltd.	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	AFYA	Class B Common Share							18 Mar 2026	Class A Common Share	4,500,000		By NRE Capital Ventures Ltd.	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	NRE Capital Ventures Ltd. is solely owned and controlled by the Reporting Person.
F2	The Class B Common Shares have no expiration date and are convertible into Class A Common Shares on a one-for-one basis (i) at any time at the option of the Reporting Person, (ii) upon the request of holders of all then issued and outstanding Class B Common Shares or (iii) upon transfer (subject to certain limited exceptions).