[Form 3/A] Afya Ltd Amended Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Afya Ltd director Esteves Nicolau Carvalho has amended his insider holdings disclosure. The Form 3/A restates his positions without reporting any new purchases or sales. He now reports indirect ownership, through NRE Capital Ventures Ltd., of 4,500,000 Class B common shares, each linked to 4,500,000 underlying Class A common shares, plus 5,321,379 Class A common shares, and direct ownership of 13,916 Class A common shares.

The amendment clarifies that NRE Capital Ventures Ltd. is owned by Carvalho and his wife, Rosangela Esteves, correcting an earlier filing that had described him as the sole owner and controller.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Esteves Nicolau Carvalho

Role Director

Type	Security	Shares	Price	Value
holding	Class B Common Share	--	--	--
holding	Class A Common Share	--	--	--
holding	Class A Common Share	--	--	--

Holdings After Transaction: Class B Common Share — 4,500,000 shares (Indirect, By NRE Capital Ventures Ltd.); Class A Common Share — 13,916 shares (Direct); Class A Common Share — 5,321,379 shares (Indirect, By NRE Capital Ventures Ltd.)

Footnotes (1)

1. The line items are being re-reported to gain access to the filing system. On March 18, 2026, the Reporting Person filed a Form 3 which inadvertently reported that NRE Capital Ventures Ltd. is solely owned and controlled by the Reporting Person. In fact, NRE Capital Ventures Ltd. is owned by the Reporting Person and his wife, Rosangela Esteves.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Esteves Nicolau Carvalho

(Last) (First) (Middle)

RUA PARAIBA, NO. 330

17 ANDAR BAIRRO FUNCIONARIOS

(Street)

BELO HORIZONTE MINAS GERAIS 30130-917

(City) (State) (Zip)

BRAZIL

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Afya Ltd [ AFYA ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)
03/18/2026

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Share(1)	13,916	D
Class A Common Share(1)	5,321,379	I	By NRE Capital Ventures Ltd.(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Share	(1)	(1)	Class A Common Share	4,500,000	(1)	I	By NRE Capital Ventures Ltd.(2)

Explanation of Responses:

1. The line items are being re-reported to gain access to the filing system.

2. On March 18, 2026, the Reporting Person filed a Form 3 which inadvertently reported that NRE Capital Ventures Ltd. is solely owned and controlled by the Reporting Person. In fact, NRE Capital Ventures Ltd. is owned by the Reporting Person and his wife, Rosangela Esteves.

	/s/ Nicolau Carvalho Esteves	03/23/2026
	** 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 5 (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 3: SEC 1473 (03-26)