Brazil Healthcare Services and Educational Services: Healthcare & Education CVM Insiders and Buybacks Monitor – July/26

Research evidence excerpt

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11 Aug 2026 09:16:07 ET │ 10 pages

Brazil Healthcare Services and Educational

Services

Healthcare & Education CVM Insiders and Buybacks Monitor – July/26

CITI'S TAKE

We consolidate the balance of insider transactions (i.e., controlling,

management, board) and buyback programs for our coverage group in

June (Figure 1) and over the past 12 months (Figures 2 and 3), as well as

refreshing the current stage (Figure 4) and size (Figure 5) of active buyback

programs. For July, activity was led by ANIM’s controlling shareholders

with net buying of R$113.1mn, followed by another month of solid buying

from RDOR’s controllers (R$84.1mn, now totaling R$1.3bn YTD). On the

buyback front, RDOR continued to lead, deploying another R$116.5mn in

the month (now totaling R$1bn YTD). Elsewhere, HYPE's controllers'

buying activity slowed to R$2.7mn in July, while RADL's controllers sold a

small stake R$4.1mn, reverting from R$36mn of net Buying in June.

Leandro Bastos, CFAAC

Renan Prata, CFA

Figure 1. Healthcare & Education (CVM 358 – Jul): Insiders +

Buybacks

In R$mn, unless otherwise stated

© 2026 Citigroup Inc. No redistribution without Citigroup's written permission.

Source: Citi Research, Company Reports