Copa Holdings (NYSE: CPA) VP discloses 1,235 RSUs in initial Form 3

Rhea-AI Filing Summary

Copa Holdings, S.A. executive Karen Arlene Barahona, VP of Human Resources, filed an initial ownership report showing 1,235 shares of Class A common stock in the form of restricted stock units. Each RSU represents a contingent right to receive one share of Class A common stock 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^*

Barahona Karen Arlene

(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)
	VP of Human Resources

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	1,235(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. These shares represent restricted stock units ("RSUs"). Each RSU represents a contingent right to receive 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).
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FAQ

What does the Copa Holdings (CPA) Form 3 filing report for Karen Arlene Barahona?

The Form 3 reports that VP of Human Resources Karen Arlene Barahona beneficially owns 1,235 restricted stock units. Each RSU is a contingent right to receive one share of Copa Holdings’ Class A common stock when the units settle in the future.

How many Copa Holdings (CPA) shares does Karen Arlene Barahona report on Form 3?

Karen Arlene Barahona reports beneficial ownership of 1,235 restricted stock units tied to Class A common stock. Each RSU represents one underlying share, so the filing reflects an initial disclosed position of 1,235 potential Class A shares upon settlement.

What type of security is disclosed in the Copa Holdings (CPA) Form 3 for Karen Arlene Barahona?

The Form 3 discloses restricted stock units, or RSUs, linked to Copa Holdings’ Class A common stock. Each RSU provides a contingent right to receive one Class A share when settlement conditions are met, rather than immediate ownership of common shares.

What role does Karen Arlene Barahona hold at Copa Holdings (CPA) in this Form 3?

Karen Arlene Barahona is identified as an officer of Copa Holdings serving as Vice President of Human Resources. The Form 3 reflects her initial reported beneficial ownership in the company through 1,235 restricted stock units tied to Class A common stock.

Do the RSUs in Karen Arlene Barahona’s Form 3 for Copa Holdings (CPA) equal common shares now?

The RSUs do not represent current common shares; they are contingent rights. Each restricted stock unit converts into one share of Class A common stock only upon settlement, so the 1,235 units indicate potential future shares rather than immediate stock ownership.