Flow Traders (AZLUD) files amendment showing 0 shares of AZUL SA

Rhea-AI Filing Summary

AZUL SA filed an amendment to a Schedule 13G showing that Flow Traders U.S. LLC holds 0 shares of common stock, representing 0% of the class, as reported in the amendment signed 01/02/2026. The filing lists the issuer's principal executive office address in Barueri, Brazil.

Insights

Institutional Ownership Analyst

Amendment reports no beneficial ownership by Flow Traders U.S. LLC.

The Schedule 13G/A amendment lists Flow Traders U.S. LLC with 0 shares beneficially owned and 0% of the class, signed 01/02/2026. This indicates the filer disclaims ownership or has disposed of any prior holdings.

Such a filing is routine when an institutional holder reports holdings at or below the 5% threshold; the amendment documents current ownership rather than signaling a material operational change.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

AZUL SA

(Name of Issuer)

Common Stock

(Title of Class of Securities)

01/05/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP Number(s):

1

Names of Reporting Persons

FLOW TRADERS U.S. LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

BD

SCHEDULE 13G

Item 1.
(a)	Name of issuer: AZUL SA
(b)	Address of issuer's principal executive offices: AV. MARCOS PENTEADO ULHOA RODRIGUES, NO. 939, 9 FLOOR, ED. JATOBA, BARUERI, D5, 06460-040
Item 2.
(a)	Name of person filing: FLOW TRADERS U.S. LLC
(b)	Address or principal business office or, if none, residence: 1114 AVENUE OF THE AMERICAS, 4TH FLOOR, NEW YORK, NY, 10036
(c)	Citizenship: NY
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 05501U106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0
(b)	Percent of class: 0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FLOW TRADERS U.S. LLC

Signature:	Kyle Jose
Name/Title:	Chief Compliance Officer
Date:	01/02/2026

FAQ

What does AZLUD Schedule 13G/A amendment disclose about ownership?

It discloses that Flow Traders U.S. LLC beneficially owns 0 shares, or 0%, of AZUL SA common stock. The amendment is signed by the filer’s Chief Compliance Officer on 01/02/2026 and lists the issuer’s principal office address in Barueri, Brazil.

Who filed the Schedule 13G/A amendment for AZUL SA (AZLUD)?

The filing was made by Flow Traders U.S. LLC, with principal business address at 1114 Avenue of the Americas, 4th Floor, New York, NY. The signature block names the Chief Compliance Officer, Kyle Jose, dated 01/02/2026.

Does the amendment indicate Flow Traders still holds any AZUL SA shares?

No; the amendment explicitly reports Amount beneficially owned: 0 and Percent of class: 0%. The ownership breakdown shows zero sole or shared voting and dispositive powers for the filer.

Is this Schedule 13G/A filing indicative of a reportable >5% stake in AZUL SA?

No; the filing is titled "Ownership of 5 percent or less of a class" and shows 0%, confirming the filer does not meet the >5% reporting threshold in this amendment.

When was the Schedule 13G/A amendment signed for AZUL SA?

The amendment is signed by the filer’s Chief Compliance Officer, Kyle Jose, with signature date 01/02/2026, and the cover lists an amendment date of 01/05/2026 for the filing header.