Afya Insider Blanco Carpintero Files for Proposed Share Sale

TL;DR

**Afya insider Blanco Carpintero is selling shares, which could be a red flag for investors.**

AI Summary

Blanco Luis Andre Carpintero, an insider at Afya Ltd (AFYA), has filed a Form 144 on March 23, 2026, indicating a proposed sale of securities. While the filing doesn't specify the exact number of shares or dollar amount, it signals that a significant individual associated with the company intends to sell a portion of their holdings. This matters to investors because insider selling can sometimes suggest that those closest to the company believe the stock may be fully valued or that future growth prospects are less robust, potentially leading to downward pressure on the stock price.

Why It Matters

Insider selling can signal a lack of confidence from those closest to the company, potentially leading other investors to question the stock's future prospects.

Risk Assessment

Risk Level: medium — Insider selling, especially from a key individual, can indicate potential headwinds or a belief that the stock is overvalued, posing a medium risk to current and prospective shareholders.

Analyst Insight

A smart investor would monitor subsequent filings for the actual sale details (Form 4) and consider if this insider selling aligns with their own assessment of Afya Ltd's future growth and valuation.

Key Players & Entities

• Blanco Luis Andre Carpintero (person) — Reporting individual, an insider at Afya Ltd
• Afya Ltd (company) — The company whose securities are being proposed for sale
• March 23, 2026 (date) — Filing date of the Form 144

Forward-Looking Statements

• Afya Ltd's stock price may experience downward pressure. (Afya Ltd) — medium confidence, target: Within 3-6 months

FAQ

Filing Documents

• primary_doc.html (144)
• primary_doc.xml (144) — 4KB
• 0000950103-26-004530.txt ( ) — 6KB

From the Filing

Form 144 Filer Information UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933 FORM 144 144: Filer Information Is this a LIVE or TEST Filing? LIVE TEST Submission Contact Information Name Phone E-Mail Address 144: Issuer Information Name of Issuer Afya Ltd Address of Issuer PARAIBA, NO. 330 17TH FLOOR, FUNCIONARIOS Belo Horizonte BRAZIL 30130-917 Phone 55-31-3515-7550 Name of Person for Whose Account the Securities are To Be Sold Luis Andre Carpintero Blanco See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice. Relationship to Issuer Chief Financial Officer 144: Securities Information Title of the Class of Securities To Be Sold Name and Address of the Broker Number of Shares or Other Units To Be Sold Aggregate Market Value Number of Shares or Other Units Outstanding Approximate Date of Sale Name the Securities Exchange Class A Common Shares Banco Itau International S.A. 200 S. Biscayne Blvd Suite 2200 Miami � FL � 33131 51051 749939.19 46586054 03/25/2026 Nasdaq Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor: 144: Securities To Be Sold Title of the Class Date you Acquired Nature of Acquisition Transaction Name of Person from Whom Acquired Is this a Gift? Date Donor Acquired Amount of Securities Acquired Date of Payment Nature of Payment * Class A common shares 06/27/2025 Shares acquired pursuant to Stock Option Plan under S-8 registration statement Afya Limited 23500 06/10/2025 Cash Class A common shares 05/01/2025 Shares acquired pursuant to Restricted Share Units Program Afya Limited 14051 05/01/2025 Equity Compensation Class A common shares 04/25/2025 Shares acquired pursuant to Stock Option Plan under S-8 registration statement Afya Limited 13500 04/11/2025 Cash * If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid. Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold. 144: Securities Sold During The Past 3 Months Nothing to Report 144: Remarks and Signature Remarks Date of Notice 03/23/2026 ATTENTION: The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date. Signature /s/ Luis Andre Carpintero Blanco ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

View Full Filing

View this 144 filing on SEC EDGAR