Copa Holdings accounting chief sells 174 shares

Available on EDGAR 11/06/2026 - 10:09 AM EST Accepted by SEC EDGAR 11/06/2026 - 10:08 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Copa Holdings, S.A. Chief Accounting Officer Juan Alberto Mr Alvarado reported selling 174 Class A common shares on June 18, 2026, at $146.75 per share, in an open-market or private transaction. He also acquired 144 shares through a grant or award on June 15, 2026, reported at $139.34 per share. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Seller: 174 shares

Net Sell 2 txns

Insider Alvarado Juan Alberto Mr

Role Chief Accounting Officer

Sold 174 shs ($26K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1	174	$146.75	$26K
Grant/Award	Class A Common Stock	144	$139.34	$20K

Holdings After Transaction: Class A Common Stock — 245 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Class A common shares sold: 174 shares Sale price per share: $146.75 per share Class A common shares acquired: 144 shares +1 more

4 metrics

Class A common shares sold 174 shares Sale on June 18, 2026

Sale price per share $146.75 per share Sale on June 18, 2026

Class A common shares acquired 144 shares Grant or award on June 15, 2026

Reported per-share price $139.34 per share Grant or award on June 15, 2026

Key Terms

restricted stock units, contingent right, settlement

3 terms

restricted stock units financial

"These shares represent restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

contingent right financial

"Each RSU represents a contingent right to receive one share"

settlement financial

"upon settlement"

Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CPA shares did the chief accounting officer sell, and at what price?

Juan Alberto Mr Alvarado, Copa Holdings' chief accounting officer, reported selling 174 Class A common shares on June 18, 2026, at $146.75 per share, in an open-market or private transaction; no Rule 10b5-1 plan is reported.

What CPA stock award did the chief accounting officer report?

Juan Alberto Mr Alvarado reported acquiring 144 Class A common shares in a grant or award on June 15, 2026, at a reported $139.34 per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Alvarado Juan Alberto Mr

(Last) (First) (Middle)

BUSSINESS PARK TORRE NORTE

URBANIZACION COSTA DEL ESTE

(Street)

PANAMA PANAMA 0816-06819

(City) (State) (Zip)

PANAMA

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/15/2026		A		144	A	$139.34	419	D
Class A Common Stock	06/18/2026		S		174	D	$146.75	245(1)	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)
				Code	V	(A)	(D)	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:

	/s/ Ambar Vargas, Attorney-in-fact	11/06/2026
	** 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)