Copa Holdings (NYSE: CPA) CIO discloses 11,740-share stake

Rhea-AI Filing Summary

Copa Holdings, S.A. filed an initial ownership report for Chief Information Officer Julio Toro Silva. The Form 3 shows he beneficially owns 11,740 shares of the company’s Class A common stock. This total includes 3,001 restricted stock units, each convertible into one Class A share upon settlement.

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

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1. Name and Address of Reporting Person^*

Toro Silva Julio

(Last) (First) (Middle)

BUSINESS PARK NORTH TOWER

COSTA DEL ESTE

(Street)

PANAMA R1 0816-06819

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
Copa Holdings, S.A. [ CPA ]

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

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

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

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 Stock	11,740(1)	D

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

Explanation of Responses:

1. Includes 3,001 shares that represent restricted stock units ("RSUs"). Each RSU represents a contingent right to received one share of the Issuer's Class A common stock upon settlement.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Ambar Vargas, Attorney-in-fact	03/17/2026
	** 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.

FAQ

What does Copa Holdings (CPA) disclose in Julio Toro Silva’s Form 3?

The Form 3 shows Chief Information Officer Julio Toro Silva beneficially owns 11,740 shares of Copa Holdings Class A common stock, including 3,001 restricted stock units that each convert into one share upon settlement.

How many Copa Holdings (CPA) shares does Julio Toro Silva report owning?

Julio Toro Silva reports beneficial ownership of 11,740 shares of Copa Holdings Class A common stock. This figure combines regular shares and 3,001 restricted stock units that can settle into an equal number of Class A shares.

What are the 3,001 RSUs reported in Copa Holdings (CPA) Form 3?

The 3,001 RSUs are restricted stock units granted to Julio Toro Silva. Each RSU represents a contingent right to receive one share of Copa Holdings’ Class A common stock when the units settle, typically after vesting conditions are met.

Does the Copa Holdings (CPA) Form 3 show any insider buying or selling?

The Form 3 functions as an initial ownership statement and does not report specific buy or sell transactions. It simply lists Julio Toro Silva’s beneficial holdings of 11,740 Class A shares, including 3,001 restricted stock units.

Is Julio Toro Silva’s ownership in Copa Holdings (CPA) direct or indirect?

The filing indicates Julio Toro Silva’s ownership is direct. All 11,740 reported Class A shares, including the 3,001 restricted stock units, are listed as directly held rather than through a trust, partnership, or other indirect entity.