Grupo Aeromexico (AERO) CCO sells 950,000 shares in open-market trades

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Grupo Aeromexico, S.A.B. de C.V. Chief Commercial Officer Aaron James Murray reported open-market sales totaling 950,000 common shares over two days. The shares were sold at prices between $1.50 and $1.5922 per common share, based on underlying shares represented by American Depositary Shares.

After these transactions, he continues to hold 1,618,130 common shares, which the footnotes state are economically equivalent to 161,813 American Depositary Shares. The filing indicates these were straightforward open-market sales of non-derivative common equity.

Insider Trade Summary

Net Seller: 950,000 shares ($1,451,465)

Net Sell 4 txns

Insider Murray Aaron James

Role Chief Commercial Officer

Sold 950,000 shs ($1.45M)

Type	Security	Shares	Price	Value
Sale	Common shares, without nominal value	250,000	$1.5513	$388K
Sale	Common shares, without nominal value	100,000	$1.5922	$159K
Sale	Common shares, without nominal value	400,000	$1.50	$600K
Sale	Common shares, without nominal value	200,000	$1.5221	$304K

Holdings After Transaction: Common shares, without nominal value — 1,718,130 shares (Direct, null)

Footnotes (1)

The reported sale was effected in American Depositary Shares (ADSs), each ADS representing ten common shares, following prior conversion of the reporting person's ordinary shares into ADSs. The number of securities reported in Table I reflects the common shares underlying the ADSs sold. The reported price reflects the U.S. dollar sale price per underlying ordinary share, calculated by dividing the ADS sale price by ten. The reporting person continues to own the same number of ADSs reported in Table II in prior Form 4s, which are not impacted by the sales in this current Form 4. Represents shares of common stock held by the reporting person, which are the economic equivalent of 216,813 American Depositary Shares (ADSs). Represents shares of common stock held by the reporting person, which are the economic equivalent of 196,813 American Depositary Shares (ADSs). Represents shares of common stock held by the reporting person, which are the economic equivalent of 171,813 American Depositary Shares (ADSs). Represents shares of common stock held by the reporting person, which are the economic equivalent of 161,813 American Depositary Shares (ADSs).

Key Figures

Total shares sold: 950,000 shares Sale price (lowest): $1.50 per share Sale price (highest): $1.5922 per share +4 more

7 metrics

Total shares sold 950,000 shares Net open-market sales reported in this Form 4

Sale price (lowest) $1.50 per share Open-market sale on May 20, 2026

Sale price (highest) $1.5922 per share Open-market sale on May 21, 2026

Shares sold May 20, 2026 600,000 shares Two transactions of 200,000 and 400,000 shares

Shares sold May 21, 2026 350,000 shares Two transactions of 100,000 and 250,000 shares

Shares held after sales 1,618,130 shares Direct common shares remaining after reported transactions

ADS equivalent 161,813 ADSs Common-share holdings economically equivalent in ADS form

Key Terms

American Depositary Shares (ADSs), open-market sale, non-derivative, ordinary shares, +1 more

5 terms

American Depositary Shares (ADSs) financial

"The reported sale was effected in American Depositary Shares (ADSs), each ADS representing ten common shares"

A U.S.-listed certificate that stands for a specific number of shares in a non‑U.S. company held by a U.S. bank, making the foreign stock tradable on American exchanges in dollars. Think of it like a local voucher that represents ownership of an overseas product — it lets U.S. investors buy and sell foreign companies without handling foreign currency or foreign brokerage accounts, but it can affect dividends, voting rights, fees, liquidity and exposure to currency and regulatory differences.

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

non-derivative financial

"transaction_type: non-derivative"

ordinary shares financial

"The reported price reflects the U.S. dollar sale price per underlying ordinary share"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

economic equivalent financial

"Represents shares of common stock held by the reporting person, which are the economic equivalent of 161,813 American Depositary Shares (ADSs)"

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Form 4 Insider Transactions: What Each Field Means →

05/22/2026 - 08:09 PM

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Murray Aaron James

(Last)

(First)

(Middle)

C/O GRUPO AEROMEXICO, S.A.B. DE C.V.

AV. PASEO DE LA REFORMA 243, 25 FL.

(Street)

CUAUHTEMOC

MEXICO CITY

06500

(City)

(State)

(Zip)

MEXICO

(Country)

2. Issuer Name and Ticker or Trading Symbol
Grupo Aeromexico, S.A.B. de C.V. [ AERO ]

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

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

2a. Foreign Trading Symbol
[AERO]

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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

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

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common shares, without nominal value	05/20/2026		S		400,000	D	$1.5⁽¹⁾	2,168,130⁽²⁾	D
Common shares, without nominal value	05/20/2026		S		200,000	D	$1.5221⁽¹⁾	1,968,130⁽³⁾	D
Common shares, without nominal value	05/21/2026		S		250,000	D	$1.5513⁽¹⁾	1,718,130⁽⁴⁾	D
Common shares, without nominal value	05/21/2026		S		100,000	D	$1.5922⁽¹⁾	1,618,130⁽⁵⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reported sale was effected in American Depositary Shares (ADSs), each ADS representing ten common shares, following prior conversion of the reporting person's ordinary shares into ADSs. The number of securities reported in Table I reflects the common shares underlying the ADSs sold. The reported price reflects the U.S. dollar sale price per underlying ordinary share, calculated by dividing the ADS sale price by ten. The reporting person continues to own the same number of ADSs reported in Table II in prior Form 4s, which are not impacted by the sales in this current Form 4.

2. Represents shares of common stock held by the reporting person, which are the economic equivalent of 216,813 American Depositary Shares (ADSs).

3. Represents shares of common stock held by the reporting person, which are the economic equivalent of 196,813 American Depositary Shares (ADSs).

4. Represents shares of common stock held by the reporting person, which are the economic equivalent of 171,813 American Depositary Shares (ADSs).

5. Represents shares of common stock held by the reporting person, which are the economic equivalent of 161,813 American Depositary Shares (ADSs).

Remarks:

Due to the issuer's status as a foreign private issuer pursuant to Rule 3a12-3(b) under the Securities Exchange Act of 1934 (the "Act"), the reporting person's transactions in the issuer's equity securities are exempt from Sections 16(b) and 16(c) of the Act.

	/s/ Ernesto Gomez Pombo, as attorney-in-fact for Aaron James Murray	05/22/2026
	** 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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Grupo Aeromexico (AERO) report for Aaron James Murray?

Grupo Aeromexico reported that Chief Commercial Officer Aaron James Murray sold 950,000 common shares in open-market transactions. The sales occurred over two days and involved non-derivative common equity represented by American Depositary Shares.

Over what dates did Aaron James Murray sell Grupo Aeromexico (AERO) shares?

Aaron James Murray sold Grupo Aeromexico common shares on May 20, 2026 and May 21, 2026. The Form 4 groups these as four separate open-market sale transactions across the two trading days.

How many Grupo Aeromexico (AERO) shares did the CCO sell and at what prices?

The Chief Commercial Officer sold 950,000 common shares in total. Transaction prices ranged from $1.50 to $1.5922 per common share, based on the U.S. dollar price of the underlying ordinary shares represented by American Depositary Shares.

How many Grupo Aeromexico (AERO) shares does Aaron James Murray hold after the sales?

After the reported transactions, Aaron James Murray holds 1,618,130 common shares. Footnotes explain these shares are economically equivalent to 161,813 American Depositary Shares, reflecting his remaining direct ownership position following the open-market sales.

Were the Grupo Aeromexico (AERO) insider sales conducted in common shares or ADSs?

The filing states the sales were effected in American Depositary Shares, each representing ten common shares. The Form 4 tables, however, report the number of underlying common shares and corresponding per-share prices for those underlying ordinary shares.

Did the reported Grupo Aeromexico (AERO) insider sales affect the CCO’s other ADS holdings?

Footnotes clarify that Aaron James Murray continues to own the same number of American Depositary Shares previously reported in derivative tables. Those ADS positions are described as not being impacted by the common-share sales disclosed in this Form 4.